Pioneer Power Solutions Reports Q1 2025 Revenue Surge of 103% to $6.7M; Net Loss Narrows to $0.9M

Reuters
05-16
Pioneer Power Solutions Reports Q1 2025 Revenue Surge of 103% to $6.7M; Net Loss Narrows to $0.9M

Pioneer Power Solutions Inc. reported its financial results for the first quarter of 2025, showcasing a significant increase in revenue. The company achieved a revenue growth of 103%, reaching $6.7 million compared to the same period last year. This substantial growth is attributed to the continued robust demand for their on-site power solutions, particularly their e-Boost mobile charging platform. The net loss for the quarter was $0.9 million, which includes income from discontinued operations of $1.1 million. This is a slight improvement from the net loss of $1.0 million, inclusive of $0.6 million from discontinued operations, reported in the same quarter of the previous year. Pioneer Power Solutions has reaffirmed its revenue guidance for the full year of 2025, projecting between $27 million and $29 million, which represents an anticipated year-over-year growth of approximately 20%. The company continues to focus on scaling its business, as evidenced by the strong start to 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Power Solutions Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250515266183) on May 15, 2025, and is solely responsible for the information contained therein.

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