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Yahoo
7 days ago
- Business
- Yahoo
3 Great Mutual Fund Picks for Your Retirement
There is never a wrong time to invest in mutual funds for retirement. So, if you're still looking for the best mutual funds, the Zacks Mutual Fund Rank can be a great guide. The easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals. Let's learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider. If you are looking to diversify your portfolio, consider (CGNCX). CGNCX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. This fund is a winner, boasting an expense ratio of 1.12%, management fee of 0%, and a five-year annualized return track record of 9.93%. (JAGRX). Expense ratio: 0.67%. Management fee: 0.47%. JAGRX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. This fund has managed to produce a robust 15.62% over the last five years. (JNUSX) is an attractive large-cap allocation. JNUSX is a Non US - Equity fund. Many of these funds like to allocate across emerging and developed markets, and will often focus on all cap levels. JNUSX has an expense ratio of 0.65%, management fee of 0.55%, and annual returns of 17.31% over the past five years. These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (CGNCX): Fund Analysis Report Get Your Free (JAGRX): Fund Analysis Report Get Your Free (JNUSX): Fund Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
The Hindu
26-05-2025
- Politics
- The Hindu
Hold re-counselling for Non Service Post Graduates, demands resident doctors' association
Stating that the recently concluded counselling for Non Service Post Graduates (NSPG) was held in an 'arbitrary' and 'non-transparent' manner, the Tamil Nadu Resident Doctors Association (TNRDA) has sought the Chief Minister's intervention to conduct a transparent, equitable, and centralised single-window counselling for NSPGs across all three directorates. Until such a process is implemented, the association has demanded that the current counselling outcomes be withheld. In a representation to the CM, the association drew his attention to a number of concerns over the recently concluded counselling for NSPGs. Instead of conducting a centralised, transparent single-window counselling for NSPGs, enabling them to opt for vacancies across the directorates of Medical Education (DME), Medical and Rural Health Services (DMS), Public Health and Preventive Medicine, and Greater Chennai Corporation, the health authorities deviated from the established practice. The students were arbitrarily segregated into groups, and a restricted, non-transparent counseling process was initiated, denying the students access to full vacancy details and the freedom to exercise their choice, the association said. The DME/DMS conducted three separate counselling sessions without publishing a consolidated list of vacancies, creating confusion and inequity among NSPG candidates. The association alleged that the government vacancies were revealed only minutes before the counselling began, leaving candidates with little to no time for deliberation and certain hospitals under the DMS were not shown as available in the official vacancy list but were subsequently allotted to select candidates causing widespread confusion and allegations of bias. There are approximately 1,100 NSPGs. Only a limited number of them were called to each counselling round meant for a particular directorate; many eligible candidates were not issued call letters and denied participation, the association said. The association noted that candidates trained in specialised fields such as general surgery and orthopaedics were denied placements in posts matching their training, which could lead to skill degradation and loss of clinical experience. The purpose of the two-year bond to benefit both public health and doctor specialisation was defeated by arbitrary postings and non-transparent procedures, it added. TNRDA pointed out that this deviation from standard counselling processes was not backed by any new government order or official policy. The association sought the CM's intervention to conduct re-counselling.
Hindustan Times
22-05-2025
- Entertainment
- Hindustan Times
Tresind Studio in Dubai becomes first Indian restaurant with 3 Michelin stars
It is the ultimate gastronomic accolade. And yet when it came it took much of the global foodie community by surprise. On Thursday night, Tresind Studio, an Indian restaurant in Dubai, was awarded three stars by the Michelin guide. This makes Tresind Studio the only Indian restaurant in the world to hold three stars. It is also the only restaurant in West Asia, across all cuisines, to have won this culinary accolade. Michelin stars are highly valued by chefs because of the incorruptibility, expertise and credibility of the guide. One star means that a restaurant is very good. Two stars make it one of the finest in the region. Three stars are only given to restaurants regarded as being among the best in the world. Tresind Studio's success is even more remarkable because its chef Himanshu Saini is under 40 and because it was widely expected that the first restaurant in Dubai to win three stars would be one of the many hyper-expensive places that are run by famous European chefs. Very few people believed that an Indian restaurant had any hope of competing with the biggest names in the world. Michelin clearly did not see it that way. Gwendal Poullennec, the head of Michelin, believes that the 'time is right for the recognition of Indian food on the world stage.' In recent years Michelin has broken with tradition and awarded stars to Indian restaurants all over the world. But three stars seemed like an impossibility till now. Though the guide covers over 50 global destinations and includes thousands of restaurants there are only 151 three star restaurants in the world. Poullennec made a special trip to Dubai for the announcement and two days before Tresind Studio's success was revealed , he went in secret to tell Saini and his team that they had made culinary history. They were sworn to silence and signed Non Disclosure Agreements so the official announcement took the culinary world by surprise. Saini seemed stunned and a little numb when Poullennec told him about the three stars but members of his team whooped, then wept openly and hugged each other in joy. Saini held it together long enough to make a short speech ('this is a big moment for our country, one that will inspire generations ') and then as the enormity of the achievement sunk in, he burst into tears as well. Though Tresind Studio is located in Dubai, its roots are firmly Indian. Saini trained at Delhi's Indian Accent and still credits that restaurant's legendary chef Manish Mehrotra with teaching him everything he knows about food. Bhupender Nath, the owner, is a self made man from a small town in Bihar who made a fortune in the global fisheries business and opened Tresind as a labour of love, backing and encouraging the then unknown Saini. Though Tresind Studio is the group's flagship, there is also a Tresind in Mumbai. Before the third star was announced Saini had promised to spend more time in the Mumbai restaurant. It remains to be seen if he will stick to that resolution now that he is the most successful Indian chef in the world and a member of that tiny international club of chefs who run three star restaurants.
Yahoo
19-05-2025
- Business
- Yahoo
South-Western City School board joins groups denouncing gender identity, DEI and non-English languages
GROVE CITY, Ohio (WCMH) — The South-Western City School board voted to join two organizations that promote conservative education standards, including English-only polices and formal stances against gender identity acceptance. At its April 28 meeting, the South-Western City School District school board voted to join four professional development organizations, two of which were founded by conservative Ohioans in the past five years. SWCSD is Ohio's fifth-largest school district, serving sections of southwestern Franklin County. Columbus business among best donut shops in country, according to Yelp list The SWCSD board rejoined the Ohio School Boards Association and also voted to join School Boards for Academic Excellence, the Ohio School Board Constitutional Coalition and the National School Board Leadership Council. The latter two organizations were established in Ohio, and both ask members to sign pledges that align with conservative educational policies, including statements denouncing DEI and 'gender confusion.' 'Much like the makeup of our diverse 119-square-mile district, all four organizations represent many differing perspectives and views that the Board will explore in the months to come,' SWCSD communications director Evan Debo said. The Ohio School Board Constitutional Coalition and School Boards for Academic Excellence are free to join. The Ohio School Boards Association, which SWCSD boards of education have joined for decades, costs around $11,000 annually, and the NSBLC has an annual $1,500 membership fee. The NSBLC fee is per person, and Debo said only one board member is joining on the district's dime, bringing total membership fees to $12,500. Board Vice President Denise D'Angelo Steele suggested joining the NSBLC, and the measure passed 4-0 with board member Camile Peterson abstaining. In joining, members are asked to sign an oath distancing themselves from 'social emotional teaching,' agree to combat identity politics and offer to open the district up to parental oversight in literature and curriculum decisions. Investigation alleges Kroger overcharges customers on items advertised as on sale The SWCSD board drew public scrutiny for joining the NSBLC, especially as the organization advocates for English-only education, writing 'Non-(E)nglish speaking students provide an unacceptable cost for taxpayers to bear.' According to SWCSD's website, the district is home to more than 3,800 students who are learning English as a second language, speaking 78 languages between them. 'At this time, the board is taking inventory of what each organization has to offer, to see what resources they can provide at a state and national level in terms of training, and then apply our diverse SWCS(D) lens to it to see how elements can be used to meet local needs for the 21,000+ students and families we proudly serve each day,' Debo said. According to the NSBLC website, the organization was founded by Ohioan Kelly Kohls. However, state business records list Kohls as a statutory agent for Jim Burgess, who is on the State Central Committee of the Ohio Republican Party. State business records also list a former Westerville-based nonprofit, Supporters of Youth Activities, as NSBLC's founding organization. Supporters of Youth Activities raised funds for various student organizations, but was canceled by the state for inactivity just months after the NSBLC was founded. While active, Burgess was the nonprofit's vice president. Cities in Ohio with the most UFO sightings Although joining the NSBLC drew public attention, the board also joined the conservative Ohio School Board Constitutional Coalition. OSBCC members are also asked to sign a pledge, promising to limit restroom and facility use by biological sex, teach American history in a way that enforces the 'exceptional nature of their country' and promote freedom of speech and religion. OSBCC was founded by Jeremiah Sawyer, a Republican school board member for North Royalton City Schools in northeastern Ohio. Debo stressed that joining these organizations does not mean the district will implement all — or any — of their ideas. However, these groups are one of several conservative ties to the school board. Board members Julie Lisansky and D'Angelo Steele were endorsed by Moms for Liberty during their campaigns for school board, an organization that left-leaning civil rights watchdog group Southern Poverty Law Center classifies as 'extremist.' Although Ohio school board elections are nonpartisan, the Franklin County Republican Party lists all SWSCD school board members except Peterson under current officeholders. It is not uncommon for parties to endorse school board candidates; all three Columbus City Schools board of election candidates who received the most votes in the primary were endorsed by the Franklin County Democratic Party. The district also pays attorney Omar Tarazi $9,000 each month for legal services. Tarazi has spoken against social emotional learning, including a statewide Protect Ohio Children forum in 2022. See previous coverage of Tarazi in the video player above. Elementary school students lace up for Girls on the Run 5K Debo said joining the four groups allows the school board to absorb a variety of resources, training materials and ideas. School Boards for Academic Excellence says it is nonpartisan and not politically affiliated. However, four of its five directors previously worked for conservative think tanks, and the fifth formerly served as a Republican Representative in the Kansas House. SWCSD's fourth member organization, the Ohio School Boards Association, sets a legislative platform annually, and many of its priorities are more left-leaning, including an embrace of equity programs. However, its annual legislative platform is set by delegates from each member school, and every policy inclusion must be approved by at least 75% of delegates. 'By joining any of these organizations, the board's vote for membership is not an indication of support for some or any of the positions or perspectives advanced by any of these organizations, nor does it remove any existing programming in place for students,' Debo said. On Monday at 7 p.m., more than 1,600 members of the SWCSD teachers union, joined by hundreds more parents and community members, plan to protest the board's affiliation with these groups at South Western Career Academy. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
15-05-2025
- Business
- Yahoo
Pioneer Power Announces Financial Results for First Quarter 2025
Revenue Growth of 103% to $6.7 million Reaffirms Full-Year 2025 Revenue Guidance of $27 million to $29 Million Management to Host Conference Call at 4:30 pm ET on Monday, May 19, 2025 FORT LEE, N.J., May 15, 2025--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced its final financial results for the first quarter ended March 31, 2025. The Company also announced that management is reaffirming revenue guidance for the full year 2025 of $27 to $29 million, which represents year-over-year growth of approximately 20%. Q1 2025 Financial Highlights Revenue was $6.7 million, compared to $3.3 million for the same quarter in 2024, an increase of $3.4 million, or 103%. Gross profit was $0.1 million, or a gross margin of 2.2%, as compared to $0.5 million, or a gross margin of 16.1%, for the same quarter in 2024. Operating loss from continuing operations was $(2.3) million, as compared to $(1.7) million for the same quarter in 2024, a year-over-year increase of $0.6 million. Non–GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses and non-recurring professional fees, was $(1.0) million, as compared to $(0.3) million for the same quarter in 2024. Net loss was $(0.9) million, inclusive of income from discontinued operations of $1.1 million, as compared to a net loss of $(1.0) million, inclusive of income from discontinued operations of $0.6 million, in the year ago quarter. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company's operating performance. Nathan Mazurek, Chairman and CEO of Pioneer, commented, "We are off to a strong start in 2025 with revenue more than doubling in the first quarter compared to the same period last year. This growth reflects continued robust demand for our on-site power solutions, particularly our e-Boost mobile charging platform, and underscores the significant opportunities we have to scale our business. "While gross profit and margin declined in the quarter, this was primarily driven by the completion of a few initial lower-margin units that are part of a much larger order. The first units in the order carried higher costs due to the early stage of production as we focused on optimizing our build process and improving manufacturing efficiency. We expect gross profit and margins to improve as we move through the production cycle and benefit from increased scale." "Importantly, rising demand for on-site power and mobile off-grid charging solutions for commercial fleets with increasing investment in clean energy infrastructure, are driving strong momentum in the markets we serve. To meet this demand, we are expanding our product line to serve not only our commercial and industrial customers but also the high-end residential and light commercial segments. With favorable market conditions and a differentiated offering, we are confident in our ability to continue to grow and deliver long-term value. Overall, we remain confident in our outlook and our ability to capitalize on the strong demand for reliable, mobile and sustainable power solutions." First Quarter 2025 Financial Results Revenue Revenue for the three months ended March 31, 2025, was $6.7 million, an increase of 103%, as compared to $3.3 million during the first quarter of last year primarily due to an increase in sales and rentals of the Company's suite of mobile EV charging solutions, e-Boost. Gross Profit/Margin Gross profit for the first quarter of 2025 was $0.1 million, or a 2.2% gross margin, compared to gross profit of $0.5 million, or a 16.1% gross margin, for the same period in 2024. The decrease in gross profit and margin was primarily attributable to a large contract with one customer in our Pioneer eMobility business, which generated lower margins on the initial units due to higher costs incurred during the early stages of production as we refined our manufacturing processes and optimized build efficiency. Operating Loss from Continuing Operations For the three months ended March 31, 2025, operating loss from continuing operations was $(2.3) million as compared to $(1.7) million during the first quarter of 2024. The increase in operating loss from continuing operations of $0.6 million, or 35.9%, is primarily due to the decrease in our gross profit and an increase in selling, general and administrative expense. Net Loss from Continuing Operations The Company's net loss from continuing operations was $(2.1) million for the three months ended March 31, 2025, as compared to $(1.7) million during the three months ended March 31, 2024, an increase of $0.4 million, or 25.4%. Net Loss Net loss was $(0.9) million, inclusive of income from discontinued operations of $1.1 million, as compared to a net loss of $(1.0) million, inclusive of income from discontinued operations of $0.6 million, in the first quarter of last year. Balance Sheet As of March 31, 2025, the Company had $25.8 million of cash on hand and working capital of $26.2 million, compared to $41.6 million of cash on hand and working capital of $26.7 million as of December 31, 2024. The decrease in cash on hand is primarily due the payment of a one-time special cash dividend of an aggregate of $16.7 million on January 7, 2025. The Company had no bank debt as of March 31, 2025. 2025 Outlook Management reiterates its expectation for revenue of $27 million to $29 million for the full year of 2025. The revenue projection for 2025 assumes no contribution from Pioneer's new HOMe-Boost solution. The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management's current expectations for the Company's 2025 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company's expectations as set forth herein. See "Forward-Looking Statements." In preparing the above outlook, the Company assumed, among other things, (i) that the Company's backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See "Forward-Looking Statements." Earnings Conference Call: Management will host a conference call Monday, May 19, 2025, at 4:30 p.m. Eastern Time to discuss Pioneer's 2025 first quarter financial results with the investment community. Anyone interested in participating should call 1-877-407-0789 if calling within the United States or 1-201-689-8562 if calling internationally. When asked, please reference confirmation code 13753781. A replay will be available until May 26, 2025, which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 13753781 to access the replay. The call will also be accompanied live by webcast over the Internet and accessible at Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company's management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company's board of directors concerning the Company's financial performance. The Company's presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company's financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at e-Boost is Pioneer's portfolio of smart, mobile EV charging solutions. The Company has been aggressively marketing e-Boost to electric bus and truck manufacturers, fleet management companies, municipalities and EV infrastructure providers since its initial launch in November 2021. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company's ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company's ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company's operating results, (v) the fact that many of the Company's competitors are better established and have significantly greater resources than the Company, (vi) the Company's dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company's ability to realize revenue reported in the Company's backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company's common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company's ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company's Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC's web site at The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. -- Tables Follow -- PIONEER POWER SOLUTIONS, INC. Condensed Consolidated Statements of Operations (In thousands, except for share and per share amounts) (Unaudited) For the Three Months Ended March 31, 2025 2024 Revenues $ 6,740 $ 3,315 Cost of goods sold 6,592 2,780 Gross profit 148 535 Operating expenses Selling, general and administrative 2,414 2,050 Research and development 80 211 Total operating expenses 2,494 2,261 Operating loss from continuing operations (2,346 ) (1,726 ) Interest income, net 247 31 Other income, net 23 40 Loss before income taxes (2,076 ) (1,655 ) Income tax benefit - - Net loss from continuing operations (2,076 ) (1,655 ) Income from discontinued operations, net of income taxes 1,147 620 Net loss $ (929 ) $ (1,035 ) Basic (loss) earnings per share: Loss from continuing operations $ (0.19 ) $ (0.16 ) Earnings from discontinued operations 0.10 0.06 Basic loss per share $ (0.09 ) $ (0.10 ) Diluted (loss) earnings per share: Loss from continuing operations $ (0.19 ) $ (0.16 ) Earnings from discontinued operations 0.10 0.06 Diluted loss per share $ (0.09 ) $ (0.10 ) Weighted average common shares outstanding: Basic 11,120,266 10,112,310 Diluted 11,187,484 10,343,236 PIONEER POWER SOLUTIONS, INC. Condensed Consolidated Balance Sheets (In thousands, except for share amounts) (Unaudited) March 31, December 31, 2025 2024 ASSETS Current assets Cash $ 25,840 $ 41,622 Accounts receivable, net of allowance for credit losses of $14 and $13 as of March 31, 2025 and December 31, 2024, respectively 5,345 7,826 Inventories 6,456 6,068 Prepaid expenses and other current assets 985 1,141 Total current assets 38,626 56,657 Property and equipment, net 6,193 6,503 Operating lease right-of-use assets 472 530 Financing lease right-of-use assets 198 221 Investments 1,943 2,000 Other assets 44 40 Total assets $ 47,476 $ 65,951 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable and accrued liabilities $ 4,720 $ 4,543 Current portion of operating lease liabilities 223 244 Current portion of financing lease liabilities 107 109 Deferred revenue 1,146 991 Consideration due to buyer 2,200 3,347 Income taxes payable 4,079 4,079 Dividend payable - 16,665 Total current liabilities 12,475 29,978 Operating lease liabilities, non-current portion 262 301 Financing lease liabilities, non-current portion 99 121 Other long-term liabilities 127 122 Total liabilities 12,963 30,522 Stockholders' equity Preferred stock, $0.001 par value, 5,000,000 shares authorized; none issued - - Common stock, $0.001 par value, 30,000,000 shares authorized; 11,120,266 shares issued and outstanding on March 31, 2025, and December 31, 2024 11 11 Additional paid-in capital 35,431 35,418 Accumulated deficit (929) - Total stockholders' equity 34,513 35,429 Total liabilities and stockholders' equity $ 47,476 $ 65,951 PIONEER POWER SOLUTIONS, INC. Condensed Consolidated Statements of Cash Flows (In thousands) (Unaudited) For the Three Months Ended March 31, 2025 2024 Operating activities Net loss $ (929 ) $ (1,035 ) Adjustments to reconcile net loss to net cash provided by/ (used in) operating activities: Depreciation 258 122 Amortization of right-of-use financing leases 23 32 Amortization of right-of-use operating leases 58 179 Change in allowance for credit losses 2 49 Stock-based compensation 13 225 Loss attributable to equity method investee 57 - Loss on disposal of property and equipment 29 - Gain on change in consideration due to buyer (1,147 ) - Changes in current operating assets and liabilities: Accounts receivable 2,479 (2,235 ) Inventories 32 (2,011 ) Prepaid expenses and other assets 424 217 Accounts payable, accrued liabilities and other liabilities 103 (296 ) Deferred revenue 155 2,989 Operating lease liabilities (55 ) (186 ) Net cash provided by/ (used in) operating activities 1,502 (1,950 ) Investing activities Purchase of property and equipment (595 ) (213 ) Net cash used in investing activities (595 ) (213 ) Financing activities Net proceeds from issuance of common stock - 4,841 Payment of cash dividend (16,665 ) - Principal repayments of financing leases (24 ) (33 ) Net cash (used in)/ provided by financing activities (16,689 ) 4,808 (Decrease) increase in cash (15,782 ) 2,645 Cash Cash, beginning of year 41,622 3,582 Cash, end of year $ 25,840 $ 6,227 Supplemental cash flow information: Interest paid $ - $ 9 Non-cash investing and financing activities: Transfer from property and equipment to inventory (420 ) - Property and equipment obtained in exchange for accounts payable 74 - PIONEER POWER SOLUTIONS, INC. Reconciliation of Non-GAAP Measures (In thousands) (Unaudited) For the Three Months Ended March 31, 2025 2024 GAAP operating loss from continuing operations $ (2,346 ) $ (1,725 ) Corporate overhead expenses 1,184 1,165 Research and development expenses 80 211 Non-recurring professional fees 93 30 Non-GAAP operating loss from continuing operations $ (989 ) $ (319 ) View source version on Contacts Brett Maas, Managing PartnerHayden IR(646) 536-7331brett@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
