Pioneer Power reports Q3 EPS (10c) vs. 10c last year

Reports Q3 revenue $10.9M, consensus $14.8M . Backlog was $24.0 million as of September 30, 2024, up approximately 200% as compared to $8.0 million as of September 30, 2023. Nathan Mazurek, Pioneer’s Chairman and Chief Executive Officer, commented, “Our Critical Power business segment delivered outstanding year-over-year revenue growth of 130% and generated positive income from operations. The opportunities for future growth for this business, which is anchored by our e-Boost platform, are massive. Through rapid and effective product innovation, we believe we are setting the standard for off-grid mobile EV charging solutions.”