Pioneer Power Q1 revenue up 103% to $6.7M; gross margin 2.2%; reaffirms FY25 guidance

PIONEER POWER SOLUTIONS, INC.

2025-Q1 EPS reported -$0.09 revenue$6,740,000

Revenue $6.7M (+103% YoY); gross profit $0.1M, margin 2.2% vs 16.1%.
Operating loss from continuing ops widened to $2.3M from $1.7M YoY.
Net loss $0.9M vs $1.0M YoY, includes $1.1M income from discontinued ops.
Cash $25.8M, down from $41.6M due to $16.7M special dividend; no bank debt.
FY2025 revenue guidance reaffirmed at $27M-$29M (approx 20% YoY growth).

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