Latest news with #PioneerPower
Yahoo
25-06-2025
- Automotive
- Yahoo
Pioneer Power secures $10M order from Charging-as-a-Service company
Pioneer Power (PPSI) announced an award from a U.S. Charging-as-a-Service company valued at approximately $10M. Pioneer expects to deliver approximately $2M of equipment to the CaaS company in 2025, with the remaining value of the award expected to be completed in 2026 and 2027. This new award builds on the two companies' ongoing efforts to accelerate the adoption of clean, on-demand energy solutions in the EV space. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on PPSI: Disclaimer & DisclosureReport an Issue Pioneer Power Solutions: Strategic Growth and Market Expansion Drive Buy Rating Pioneer Power's Earnings Call: Growth Amid Challenges Pioneer Power Reports Strong Q1 Revenue Growth Pioneer Power backs FY25 revenue view $27M-$29M, consensus $27.79M Pioneer Power reports Q1 EPS (9c), consensus (5c)
Yahoo
20-05-2025
- Business
- Yahoo
Pioneer Power Solutions Inc (PPSI) Q1 2025 Earnings Call Highlights: Revenue Surge Amidst ...
Revenue: $6.7 million in Q1 2025, up 103% from $3.3 million in Q1 2024. Gross Profit: $148,000 in Q1 2025, down from $535,000 in Q1 2024. Gross Margin: Approximately 2% in Q1 2025, compared to 16% in Q1 2024. Operating Loss from Continuing Operations: $2.3 million in Q1 2025, compared to $1.7 million in Q1 2024. Non-GAAP Operating Loss from Continuing Operations: $989,000 in Q1 2025, compared to $319,000 in Q1 2024. Net Loss from Continuing Operations: $2.1 million in Q1 2025, compared to $1.7 million in Q1 2024. Cash on Hand: $25.8 million as of March 31, 2025, down from $41.6 million as of December 31, 2024. Working Capital: $26.2 million as of March 31, 2025, compared to $26.7 million as of December 31, 2024. Backlog: $23.2 million at the end of Q1 2025, an 18% increase from the prior quarter. Full Year 2025 Revenue Guidance: Reaffirmed at $27 million to $29 million. Warning! GuruFocus has detected 4 Warning Signs with PPSI. Release Date: May 19, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pioneer Power Solutions Inc (NASDAQ:PPSI) reported a significant increase in first-quarter revenue, more than doubling to $6.7 million, driven by strong demand for their on-site power solutions. The company completed the initial delivery of 10 e-Boost units to a major public school district, marking a landmark order for mobile EV charging systems. PPSI's total backlog increased by 18% to $23.2 million, indicating strong future demand and a growing sales pipeline. The company is actively engaging with municipalities, transit authorities, and major national package delivery providers, expanding their market reach. PPSI is preparing to launch a new product, HOMe-Boost, which is expected to drive growth and innovation in the residential and light commercial energy markets. Pioneer Power Solutions Inc (NASDAQ:PPSI) experienced a decrease in gross profit margin to approximately 2% in the first quarter, down from 16% in the same quarter last year, due to higher initial costs of the e-Boost units. The company reported an operating loss from continuing operations of $2.3 million, an increase from the $1.7 million loss in the previous year. PPSI's net loss from continuing operations increased to $2.1 million compared to $1.7 million in the first quarter of 2024. Cash on hand decreased significantly from $41.6 million at the end of 2024 to $25.8 million as of March 31, 2025, primarily due to a special cash dividend payment. The company faces challenges in scaling production and distribution, requiring reliance on channel partners and external manufacturers to meet demand. Q: On the margin in the quarter, how do you see margins recovering, and where do you think you can get the margins to for this product line? A: Nathan Mazurek, CEO: The margins in the last quarter were indicative of what we aim for, especially with the e-Boost product. The second half of the year should see better contributions as we are not overwhelmed by large orders. Margins should recover to something similar to the fourth quarter of last year. Q: Regarding the e-Boost pipeline, how do you characterize the current activity, and when do you need to close deals to impact 2026 revenue? A: Nathan Mazurek, CEO: By the end of June, we need to close deals to impact 2026 revenue. After that, most activities will be oriented towards 2026, except for smaller, less customized orders. Q: How is the HOMe-Boost pipeline shaping up, and when will you start seeing order flow? A: Nathan Mazurek, CEO: HOMe-Boost is still launching in the second half of the year. We are gearing up for a strong launch, and while it doesn't factor into our 2025 guidance, we hope to see order success in the second half of 2025 with deliveries in 2026. Q: Can HOMe-Boost work with solar panels for complete grid disconnection? A: Nathan Mazurek, CEO: Yes, HOMe-Boost can operate in island mode, allowing users to disconnect from the grid if they choose, as long as they have a natural gas connection. Q: Is e-Boost a temporary solution, and how long will this market last? A: Nathan Mazurek, CEO: The grid gap is expected to last for at least the next five years. Customers see value in the mobility and optionality of e-Boost, and even if they have grid connections, they often can't get enough power for fast charging, making e-Boost a viable solution. Q: How do you see your focus in 2026 with the growth of e-Boost and HOMe-Boost? A: Nathan Mazurek, CEO: HOMe-Boost is expected to be a significant focus, occupying about 50% of our management's attention. We believe it could be a larger and more profitable product, and we are preparing for its market introduction. Q: How is your distribution network evolving, especially with the introduction of HOMe-Boost? A: Nathan Mazurek, CEO: We use a mix of direct sales and channel partners to reach municipalities and businesses. For HOMe-Boost, we are exploring various distribution strategies and expect the market to guide us in optimizing our approach. Q: Is using e-Boost with an internal combustion engine still cost-effective compared to diesel? A: Nathan Mazurek, CEO: Yes, using natural gas with e-Boost is cheaper than diesel, both in terms of energy cost and emissions, making it a more sustainable option. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
