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.
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