{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-015719","form_type":"8-K","ticker":"PPSI","cik":"0001449792","company_name":"PIONEER POWER SOLUTIONS, INC.","filed_at":"2026-04-08T23:59:59+00:00","discovered_at":"2026-05-14T18:02:32.303207+00:00","generated_at":"2026-05-15T06:53:02.985931+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pioneer Power Q4 revenue drops 42% YoY; FY 2025 revenue up 21% to $27.6M, net loss $6.0M","bullets":["Full year 2025 revenue $27.6M, +20.8% YoY; net loss $(6.0)M vs net income $31.9M in 2024.","Q4 2025 revenue $5.6M, -42.3% YoY; gross margin 23.5% vs 28.9% in prior-year quarter.","Operating loss from continuing operations $(6.6)M for FY 2025, compared to $(5.2)M in 2024.","Backlog $12.6M at Dec 31, 2025, down from $19.8M; cash $15.0M (down from $41.6M, partly on $16.7M special dividend).","Launched PRYMUS mobile distributed energy platform targeting Edge AI; initial orders secured in Q1 2026, shipments expected 2027."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-015719","json":"https://secwatch.observer/filing/0001493152-26-015719.json","markdown":"https://secwatch.observer/filing/0001493152-26-015719.md","text":"https://secwatch.observer/filing/0001493152-26-015719.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1449792/000149315226015719/0001493152-26-015719-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1449792/000149315226015719/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T06:53:02.985931+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b08f6357010089d662a462a423acd1aabf03ea6e","claim":"PIONEER POWER SOLUTIONS, INC. reported the fourth quarter ended December 31, 2025 results: revenue $5.6 million, net income $(1.4) million.","evidence_excerpt":"Q4 2025 Financial Highlights ● Revenue was $5.6 million, compared to $9.8 million for the same quarter in 2024. ● Gross profit was $1.3 million, or a gross margin of 23.5%, as compared to $2.8 million, or a gross margin of 28.9%, for the same quarter in 2024. ● Operating loss was $(1.1) million, unchanged from $(1.1) million for the same quarter in 2024. ● Non–GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $589,000, as compared to $1.9 million for the same quarter in 2024. ● Net loss was $(1.4) million, inclusive of loss from discontinued operations of $(17,500), as compared to net income of $36.3 million, inclusive of income from discontinued operations of $35.5 million, in the year ago quarter.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1449792/000149315226015719/0001493152-26-015719-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2025"},{"label":"Revenue","value":"$5.6 million"},{"label":"Net income","value":"$(1.4) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"bf48cf4b4ba061d682a78854af0071aa8a28a602","claim":"PIONEER POWER SOLUTIONS, INC. reported the full year ended December 31, 2025 results: revenue $27.6 million, net income $(6.0) million.","evidence_excerpt":"Full Year 2025 Financial Highlights ● Revenue was $27.6 million, up 20.8% and in-line with Company guidance, compared to $22.9 million for the year ended December 31, 2024. ● Gross profit was $3.4 million, or a gross margin of 12.4%, as compared to $5.5 million, or a gross margin of 24.1%, for the year ended December 31, 2024. ● Operating loss from continuing operations was $(6.6) million, as compared to $(5.2) million for the year ended December 31, 2024. ● Non–GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $(98,000), as compared to non-GAAP operating income of $2.5 million for the year ended December 31, 2024. ● Net loss was $(6.0) million, inclusive of income from discontinued operations of $449,000, as compared to net income of $31.9 million, inclusive of income from discontinued operations of $35.2 million, for the year en","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1449792/000149315226015719/0001493152-26-015719-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2025"},{"label":"Revenue","value":"$27.6 million"},{"label":"Net income","value":"$(6.0) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}