Pioneer Pwr Solutions Inc - PPSI STOCK NEWS

Pioneer Power Solutions (PPSI) reported strong financial results for Q4 and full year 2024, with annual revenue growing 106% to $22.9 million. The company sold its Electrical Infrastructure business for $50 million to Mill Point Capital and paid a special dividend of $16.7 million in early 2025.

Q4 2024 highlights include revenue of $9.8 million (up 265% YoY), gross profit of $2.8 million (29% margin), and net income of $36.3 million. The company's e-Boost mobile EV charging business saw significant growth, with charging sessions increasing 93% to 14,500 in 2024.

Full-year results showed gross profit of $5.5 million (24% margin) and net income of $31.9 million. The company ended 2024 with $41.6 million in cash and a backlog of $19.8 million. Management reaffirmed 2025 revenue guidance of $27-29 million.

Pioneer Power Solutions (NASDAQ: PPSI), a leader in distributed energy resources, power generation equipment, and mobile EV charging solutions, has scheduled its Q4 and full-year 2024 financial results conference call for April 15, 2025, at 4:30 p.m. ET.

The company will release its financial results for the quarter and year ended December 31, 2024, after market close on the same day. Interested participants can join via phone using 1-877-407-0789 (US) or 1-201-689-8562 (International) with confirmation code 13752590. A replay will be available until April 22, 2025, accessible at 1-844-512-2921 (US) or 1-412-317-6671 (International) using passcode 13752590. The call will also be webcast live.

Pioneer Power Solutions (Nasdaq: PPSI), a leader in distributed energy resources, power generation equipment and mobile EV charging solutions, announced its participation in the upcoming 37th Annual ROTH Conference from March 16-18, 2025, in Dana Point, California.

Chairman and CEO Nathan Mazurek will be available for one-on-one meetings during the conference, which will feature various meeting formats including analyst-selected fireside chats and industry panels. The event will host approximately 450 participating companies across multiple growth sectors including Business Services, Consumer, Healthcare, Industrial Growth, Insurance, Resources, Sustainability, and Technology, Media and Entertainment.

Pioneer Power Solutions (PPSI) reported strong preliminary Q4 2024 results, with revenue reaching $9.8 million, up 265% year-over-year. The Critical Power Segment showed significant growth with Q4 gross profit of $2.8 million (29% margin) and operating income of $1.5 million.

Full-year 2024 performance included revenue of $22.9 million (up 106%), gross profit of $5.5 million (24% margin), and operating income of $1.6 million. Cash position strengthened to $41.6 million by year-end, with a special dividend of $16.7 million paid in January 2025.

The company's e-Boost platform is gaining traction in fleet electrification markets, and management reiterates 2025 revenue guidance of $27-29 million, excluding potential contributions from new HOMe-Boost residential solution and e-Boost RealM monitoring platform.

Pioneer Power Solutions (PPSI) has renewed and expanded a service agreement with a major U.S. retailer for on-site power services. The new three-year agreement, valued at approximately $6.0 million in total revenue, represents an increase from the previous $1.3 million to $2.0 million in estimated annual revenue.

Under the agreement, Pioneer will provide maintenance, energy management, and update services to more than 750 store locations, representing a 10% increase in service footprint. The renewal demonstrates the customer's trust in Pioneer's capabilities to ensure operational efficiency and up-time through their on-site power services.

Pioneer Power Solutions (PPSI) has secured a $1.3 million order from the City of Portland, Oregon for multiple e-Boost Mobile units through Graybar Electric. The order, expected for delivery in Q2 2025, is for the e-Boost Mobile 'Open Flex' model featuring a 175kW power unit with one 120kW Level 3 fast charger, four 15.3kW Level 2 chargers, and a grid-tie transfer switch.

The e-Boost solution offers Portland three key advantages: immediate deployment for charging while awaiting infrastructure upgrades, mobility for remote charging locations without grid dependency, and future grid connectivity through a built-in transfer switch with backup power capabilities. The order contributes to Pioneer's existing e-Boost product backlog for 2025, addressing the growing municipal fleet electrification needs across both metro and remote areas.

Pioneer Power Solutions (PPSI) has launched a pilot program with a Fortune 100 e-commerce retailer to address EV charging challenges at Last Mile Delivery depots. The program involves providing multiple e-Boost mobile charging units for a monthly fee, including service and monitoring.

The pilot deploys Pioneer's e-Boost Mobile Max at a Midwest depot, offering 240kW Level 3 charging for heavy-duty trucks and Level 2 charging for delivery vans. The retailer aims to gather data to evaluate deploying e-Boost solutions across its major metro locations. The initiative focuses on solving the 'grid gap' between increasing power needs for electric delivery fleets and grid supply.

Pioneer Power Solutions (NASDAQ: PPSI) reported Q3 2024 results, highlighting a 130% revenue growth in its Critical Power segment to $6.4 million. The company sold its PCEP business unit for $50 million and declared a special dividend of $1.50 per share. The Critical Power segment achieved a gross margin of 24% and operating income of $211,000. Backlog increased 200% to $24.0 million. Overall consolidated revenue decreased 4.7% to $10.9 million, with a net loss of $1.1 million. The company projects 2025 revenue between $27-29 million, representing approximately 25% growth.

Pioneer Power Solutions (Nasdaq: PPSI), a leader in distributed energy resources and mobile EV charging solutions, has scheduled its 2024 third quarter financial results conference call for November 18, 2024, at 4:30 p.m. ET. The company will release its Q3 2024 results on November 14, 2024, after market close. The conference call will be accessible via phone and webcast, with replay available until December 2, 2024.