Pioneer Power Solutions ( (PPSI) ) has released its Q3 earnings. Here is a breakdown of the information Pioneer Power Solutions presented to its investors.
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Pioneer Power Solutions, Inc. is a company specializing in the design, manufacture, and integration of distributed energy resources, power generation equipment, and mobile EV charging solutions, serving utility, industrial, and commercial markets.
Pioneer Power Solutions reported a 7% increase in third-quarter revenue for 2025, reaching $6.9 million, and a substantial 68% rise in year-to-date revenue to $22 million. The company reaffirmed its full-year 2025 revenue guidance of $27 million to $29 million, indicating a projected growth of approximately 20% year-over-year.
The company’s financial performance for the third quarter showed an increase in revenue but a decline in gross profit to $640,000 from $1.5 million in the same quarter of 2024, primarily due to an unfavorable sales mix. The operating loss from continuing operations widened to $1.4 million compared to $714,000 in the previous year. Despite these challenges, Pioneer Power received a significant cash dividend of $981,000 from Voltaris Power LLC and reported several strategic deployments, including school bus and fleet electrification projects.
Pioneer Power’s strategic initiatives included significant orders and deployments in the EV charging and distributed energy sectors, such as a $1.3 million school bus electrification project and a $1.2 million contract with the City of Portland. The company also secured a $725,000 order from the City of Long Beach and expanded its market penetration with major clients like a leading online retailer and SparkCharge, Inc.
Looking ahead, Pioneer Power remains optimistic about its growth trajectory, supported by strong operational momentum and a robust project pipeline. The company is poised to achieve its full-year 2025 revenue targets, driven by the increasing demand for its e-Boost platform and upcoming product launches, such as the PowerCore home power system.