PIONEER POWER SOLUTIONS INC
For the period ended Dec 31, 2023. Filed Jul 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jul 26, 2024
PPSI$2.26-0.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except per share data)
| Year Ended | ||
|---|---|---|
| December 31, | ||
| 2023 | 2022 (Restated) | |
| Revenues | $41,493 | $25,878 |
| Cost of goods sold | 33,143 | 23,052 |
| Gross profit | 8,350 | 2,826 |
| Operating expenses | ||
| Selling, general and administrative | 10,119 | 8,636 |
| Research and development | 885 | - |
| Total operating expenses | 11,004 | 8,636 |
| Loss from operations | (2,654) | (5,810) |
| Interest income | (232) | (465) |
| Other (income) expense, net | (524) | 67 |
| Loss before income taxes | (1,898) | (5,412) |
| Income tax expense | - | 7 |
| Net loss | $(1,898) | $(5,419) |
| Loss per share: | ||
| Basic | $(0.19) | $(0.56) |
| Diluted | $(0.19) | $(0.56) |
| Weighted average common shares outstanding: | ||
| Basic | 9,905,234 | 9,727,542 |
| Diluted | 9,905,234 | 9,727,542 |
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