Pioneer Power Q2 revenue falls 40% to $5.0 million; net loss widens to $2.1 million
Pioneer Power Solutions reported second-quarter 2026 revenue of $5.0 million, down 40.0% from $8.4 million a year earlier, mainly due to lower e-Boost mobile EV charging sales and rentals. The net loss widened to $2.1 million from $1.3 million, and management projects about $15.0 million of revenue in the second half of 2026, which depends on converting its $18.4 million backlog into sales.
Key points
- Q2 2026 revenue was $5.0 million versus $8.4 million in Q2 2025, a decrease of 40.0%, primarily due to lower e-Boost sales and rentals.
- Net loss was $2.1 million, or $0.19 per share, compared with $1.3 million, or $0.12 per share, in the year-ago quarter.
- Backlog was $18.4 million at June 30, 2026, up from $13.9 million at March 31, 2026.
- Management expects revenue of approximately $15.0 million for the second half of 2026, growth of more than 60% over the first half; the company had $10.7 million of cash and no bank debt at June 30, 2026.
The filing
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 August 17, 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.