Pioneer Power Q4 revenue $9.8M (+265% YoY); full-year Critical Power revenue $22.9M (+106%)

PIONEER POWER SOLUTIONS, INC.

2024-FY EPS reported $2.90 revenue$22,879,000

Q4 gross profit $2.8M (29% margin) vs $610K (23%) YoY; operating income ex-items $1.5M vs loss of $66K.
Full-year gross profit $5.5M (24% margin) vs $2.2M (20%) YoY; operating income ex-items $1.6M vs loss of $1.3M.
Cash on hand $41.6M at Dec 31, 2024, up from $3.6M; special dividend of $16.7M paid Jan 2025.
Management reiterates 2025 revenue guidance of $27-29M, excluding new HOMe-Boost and e-Boost RealM platforms.
Results exclude T&D Solutions segment sold Oct 2024 for $50M; 2025 outlook does not include new product contributions.

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