PIONEER POWER SOLUTIONS INC
For the period ended Sep 30, 2024. Filed Nov 14, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 14, 2024
PPSI$2.26-0.4%Stored close · as of Nov 9, 2026
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Item 1. Financial Statements
Condensed Consolidated Statements of Operations
(In thousands, except for share and per share amounts)
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2024 | 2023 (As Restated) | 2024 | 2023 (As Restated) | |
| Revenues | $10,911 | $11,453 | $25,841 | $33,291 |
| Cost of goods sold | 8,845 | 7,755 | 21,394 | 22,882 |
| Gross profit | 2,066 | 3,698 | 4,447 | 10,409 |
| Operating expenses | ||||
| Selling, general and administrative | 2,907 | 2,758 | 8,245 | 8,004 |
| Research and development | 256 | - | 705 | - |
| Total operating expenses | 3,163 | 2,758 | 8,950 | 8,004 |
| (Loss) income from operations | (1,097) | 940 | (4,503) | 2,405 |
| Interest expense (income) | 23 | (60) | (25) | (192) |
| Other expense (income), net | 1 | (11) | (39) | (4) |
| (Loss) income before income taxes | (1,121) | 1,011 | (4,439) | 2,601 |
| Income tax expense | - | - | - | - |
| Net (loss) income | $(1,121) | $1,011 | $(4,439) | $2,601 |
| (Loss) income per share: | ||||
| Basic | $(0.10) | $0.10 | $(0.42) | $0.26 |
| Diluted | $(0.10) | $0.10 | $(0.42) | $0.26 |
| Weighted average common shares outstanding: | ||||
| Basic | 10,917,038 | 10,010,226 | 10,652,911 | 9,896,850 |
| Diluted | 10,917,038 | 10,250,099 | 10,652,911 | 10,049,009 |
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