PIONEER POWER SOLUTIONS, INC.
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
View on SEC.govAbout this filing
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, 2025 · Filed Nov 14, 2025
PPSI$2.22-1.8%Stored close · as of Nov 10, 2026
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Item 1. Financial Statements
Condensed Consolidated Statements of Operations
(In thousands, except for share and per share amounts)
| For the Three Months Ended · For the Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| Revenues | $6,888 | $6,416 | $21,998 | $13,126 |
| Cost of goods sold | 6,248 | 4,894 | 19,896 | 10,428 |
| Gross profit | 640 | 1,522 | 2,102 | 2,698 |
| Operating expenses | ||||
| Selling, general and administrative | 1,976 | 1,980 | 6,878 | 6,168 |
| Research and development | 111 | 256 | 726 | 705 |
| Total operating expenses | 2,087 | 2,236 | 7,604 | 6,873 |
| Operating loss from continuing operations | (1,447) | (714) | (5,502) | (4,175) |
| Interest income (expense), net | 184 | (24) | 615 | 27 |
| Other (expense) income, net | (438) | - | (118) | 40 |
| Loss before income taxes | (1,701) | (738) | (5,005) | (4,108) |
| Income tax expense | 69 | - | 69 | - |
| Net loss from continuing operations | (1,770) | (738) | (5,074) | (4,108) |
| (Loss) income from discontinued operations, net of income taxes | (580) | (383) | 467 | (331) |
| Net loss | $(2,350) | $(1,121) | $(4,607) | $(4,439) |
| Basic (loss) earnings per share: | ||||
| Loss from continuing operations | $(0.16) | $(0.07) | $(0.46) | $(0.39) |
| (Loss) earnings from discontinued operations | (0.05) | (0.03) | 0.04 | (0.03) |
| Basic loss per share | $(0.21) | $(0.10) | $(0.42) | $(0.42) |
| Diluted (loss) earnings per share: | ||||
| Loss from continuing operations | $(0.16) | $(0.07) | $(0.46) | $(0.39) |
| (Loss) earnings from discontinued operations | (0.05) | (0.03) | 0.04 | (0.03) |
| Diluted loss per share | $(0.21) | $(0.10) | $(0.42) | $(0.42) |
| Weighted average common shares outstanding: | ||||
| Basic | 11,095,266 | 10,917,038 | 11,106,439 | 10,652,911 |
| Diluted | 11,095,266 | 10,917,038 | 11,186,975 | 10,652,911 |
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