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AI brief of an SEC Form 8-K · PIONEER POWER SOLUTIONS, INC. (PPSI)

Pioneer Power Q1 revenue falls 36.7% to $4.3 million; net loss widens to $2.5 million

Negative Impact 3 of 5 earnings Written later

Pioneer Power Solutions reported first-quarter 2026 results that show revenue down 36.7% from a year earlier, driven by lower sales and rentals of its e-Boost mobile EV charging systems. The net loss rose to $2.5 million, or $0.23 per share, from $929,000, or $0.09 per share, in the prior-year quarter, which included $1.1 million of discontinued operations income. Shareholders also face a lower cash balance of $13.6 million, though backlog rose to $13.9 million.

Key points

  • Revenue was $4.3 million, down 36.7% from $6.7 million in the first quarter of 2025.
  • Gross margin was 13.6%, up from 2.2% a year earlier; operating loss narrowed to $2.0 million from $2.3 million.
  • Net loss was $2.5 million, or $0.23 per share, compared with $929,000, or $0.09 per share, a year earlier.
  • Backlog was $13.9 million at March 31, 2026, up from $12.6 million at December 31, 2025; cash was $13.6 million, down from $15.0 million.

The filing

CompanyPIONEER POWER SOLUTIONS, INC. (PPSI)
Form8-K, current report
Filed with the SECMay 18, 2026, 7:35 AM ET
Accession number0001493152-26-024063

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 18, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.