Pioneer Pwr Solutions Inc Stock Price, News & Analysis

Pioneer Power Solutions (PPSI) reported a 98% year-over-year increase in backlog to $25 million for Q2 2022, with expectations of 50% year-over-year revenue growth for the full year. The company faced challenges as revenue declined by 24% to $4.3 million, largely due to delays with a major customer. Net loss for Q2 was $2.5 million or $(0.26) per share, impacted by increased overhead and non-cash compensation. Despite setbacks, Pioneer remains optimistic about future growth, especially in the e-Bloc and e-Boost segments.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced a conference call scheduled for August 15, 2022 at 5:00 p.m. ET to discuss its 2022 second quarter financial results. Interested parties can join the call by dialing 1-800-289-0720 within the U.S. or 1-323-701-0160 internationally, using confirmation code 9383194. A replay will be available until August 22, 2022. The call will also be accessible via a live webcast on their website.

Pioneer Power Solutions (PPSI) reported a robust financial performance for Q1 2022, with revenue soaring 72.4% to $6.0 million, the highest since Q4 2019. Gross profit surged over 450% to $875,000, marking a 14.5% gross margin. The company’s backlog increased to $24 million, reflecting strong demand for new e-Bloc and E-BOOST products, particularly after a successful debut at the ACT Expo. Despite a net loss of $788,000, management remains optimistic, projecting a 50% revenue growth for 2022 and positive operating cash flow.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) will hold a conference call on May 16, 2022, at 5:00 p.m. ET, to discuss its 2022 first quarter financial results. Participants can join by calling 1-844-826-3035 in the U.S. or 1-412-317-5195 internationally, using confirmation code 10167319. A replay will be accessible until May 23, 2022. The live call will also be available via webcast at Pioneer Power's webcasting site.

Pioneer Power Solutions (Nasdaq: PPSI) announces that Nathan Mazurek, Chairman and CEO, will present at the Sidoti May Micro Cap Virtual Conference on May 11-12, 2022. The event features a presentation and 1-on-1 investor meetings, scheduled for 1:45 p.m. ET on May 11. Interested parties can register via the provided webcast link. Pioneer Power, a leader in electric power systems and mobile EV charging solutions, caters to utility, industrial, and commercial markets.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) announced that Chairman and CEO Nathan Mazurek will present at the Taglich Brothers 18th Annual Investment Conference on May 2, 2022, at 9:45 AM ET in New York. The company specializes in the design, manufacture, and service of electrical power systems and mobile EV charging solutions. Interested parties can view the webcast via the provided link. Taglich Brothers is noted for focusing on microcap companies with a market capitalization under $250 million.

Pioneer Power Solutions (PPSI) reported its fourth quarter and full-year results for 2021. Total revenue for Q4 was $3.5 million, down 34.6% year-over-year, attributed to lower sales in the T&D Solutions segment. For the full year, revenue declined 6.0% to $18.3 million, while gross profit increased 58.1% to $1.4 million, reflecting improved cost management. The company's backlog surged to $22.8 million, doubling from the previous quarter. Despite a net loss of $1.4 million in Q4, Pioneer anticipates at least 50% revenue growth in 2022 and expects positive operating cash flow.

Pioneer Power Solutions (Nasdaq: PPSI) received a $120,000 purchase order for two E-BOOST mobile EV charging solutions, marking its second order since the product's launch just five months ago. This comes after a prior order of $788,000 in January 2022. The skid-mounted systems are designed for recharging electric school buses and are portable and powered by green propane. CEO Nathan Mazurek emphasized the growing demand for such solutions in improving EV charging infrastructure.

Pioneer Power Solutions, Inc. (Nasdaq: PPSI) will host a conference call on March 31, 2022, at 4:30 p.m. ET to discuss its 2021 fourth quarter and year-end financial results. Interested participants can join by dialing 1-800-289-0438 within the U.S. or 1-323-794-2423 internationally, using confirmation code 9557363. A replay will be available until April 7, 2022. The call will also be accessible via a live webcast. For more information, visit Pioneer Power's website.