---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-26-024063"
form_type: "8-K"
ticker: "PPSI"
cik: "0001449792"
company_name: "PIONEER POWER SOLUTIONS, INC."
filed_at: "2026-05-18T11:35:25+00:00"
generated_at: "2026-05-18T11:41:45.692243+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pioneer Power Q1 revenue falls 37% to $4.3M; gross margin soars to 13.6% from 2.2%; $6M PRYMUS award

## Summary
- Q1 revenue $4.3M vs $6.7M YoY; gross profit $582K (13.6% margin) vs $148K (2.2%)
- Operating loss $2.0M (vs $2.3M); net loss $2.5M (vs $929K incl $1.1M discontinued ops)
- Backlog $13.9M, up 11% from Dec 31; cash $13.6M; no bank debt
- $6M PRYMUS award for two 1.2 MW systems from national logistics customer; delivery H2 2026
- Cost cuts expected to reduce opex by $1.5M annually; first e-Boost unit shipped to UAE

## SEC filing metadata
- accession: 0001493152-26-024063
- form_type: 8-K
- ticker: PPSI
- cik: 0001449792
- company_name: PIONEER POWER SOLUTIONS, INC.
- filed_at: 2026-05-18T11:35:25+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1449792/000149315226024063/0001493152-26-024063-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1449792/000149315226024063/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-024063
- JSON: https://secwatch.observer/filing/0001493152-26-024063.json
- Plain text: https://secwatch.observer/filing/0001493152-26-024063.txt

## Key facts
- Earnings Releases
  PIONEER POWER SOLUTIONS, INC. reported first quarter ended March 31, 2026 results: revenue $4.3 million, net income $2.5 million.
  - Period: first quarter ended March 31, 2026
  - Revenue: $4.3 million
  - Net income: $2.5 million
  - Result: reported results
  source text: to more than $500,000 per month during the quarter, as reflected in the Company’s higher backlog levels as of March 31, 2026. Q1 2026 Financial Highlights ● Revenue was $4.3 million, compared to $6.7 million for the same quarter in 2025. ● Gross profit was $582,000, or a gross margin of 13.6%, as compared to $148,000, or a gross margin of 2.2%, for the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1449792/000149315226024063/0001493152-26-024063-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.