Pioneer Power Solutions Reaffirms 2025 Revenue Guidance of $27-$29 Million Amid Strong Q1 Growth

Reuters
05-16
Pioneer Power Solutions Reaffirms 2025 Revenue Guidance of $27-$29 Million Amid Strong Q1 Growth

Pioneer Power Solutions Inc. has reaffirmed its financial guidance for the full year 2025, projecting revenues between $27 million and $29 million, representing a year-over-year growth of approximately 20%. This announcement follows the company's strong performance in the first quarter of 2025, where revenue grew by 103% to $6.7 million compared to the same period last year. Pioneer, a leader in distributed energy resources and mobile electric vehicle charging solutions, attributes this growth to robust demand for its on-site power solutions, particularly the e-Boost mobile charging platform. Despite a decline in gross profit and margin, the company remains optimistic about its future opportunities. Management will discuss these results and expectations in an upcoming conference call with the investment community.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001641172-25-011068), on May 15, 2025, and is solely responsible for the information contained therein.

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