PIONEER POWER SOLUTIONS INC
For the period ended Dec 31, 2024. Filed Apr 15, 2025.
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FY2024 · Filed Apr 15, 2025
PPSI$2.26-0.4%Stored close · as of Nov 9, 2026
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Consolidated Statements of Operations
(In thousands, except for share and per share amounts)
| For the Years Ended | ||
|---|---|---|
| December 31, | ||
| 2024 | 2023 | |
| Revenues | $22,879 | $11,116 |
| Cost of goods sold | 17,365 | 8,891 |
| Gross profit | 5,514 | 2,225 |
| Operating expenses | ||
| Selling, general and administrative | 9,712 | 8,375 |
| Research and development | 1,050 | 885 |
| Total operating expenses | 10,762 | 9,260 |
| Operating loss from continuing operations | (5,248) | (7,035) |
| Interest income, net | 431 | 232 |
| Other income, net | 50 | 524 |
| Loss before income taxes | (4,767) | (6,279) |
| Income tax benefit | (1,418) | - |
| Net loss from continuing operations | (3,349) | (6,279) |
| Income from discontinued operations, net of income taxes | 35,204 | 4,381 |
| Net income (loss) | $31,855 | $(1,898) |
| Basic (loss) earnings per share: | ||
| Loss from continuing operations | $(0.31) | $(0.63) |
| Earnings from discontinued operations | 3.28 | 0.44 |
| Basic earnings (loss) per share | $2.97 | $(0.19) |
| Diluted (loss) earnings per share: | ||
| Loss from continuing operations | $(0.31) | $(0.63) |
| Earnings from discontinued operations | 3.21 | 0.43 |
| Diluted earnings (loss) per share | $2.90 | $(0.20) |
| Weighted average common shares outstanding: | ||
| Basic | 10,745,217 | 9,905,234 |
| Diluted | 10,953,861 | 10,127,188 |
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