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Pioneer Power Increases Revenue 149% during the Second Quarter to a Record $12.1 Million; Gross Profit Increases to $2.7 Million, Achieving a 22% Gross Margin

PR Newswire - Press Release

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Management Reiterates Guidance of Full Year Revenue of $42 to $45 Million, Full year positive EPS; Company Maintains $33.6 Million Backlog

FORT LEE, N.J., Aug. 14, 2023 /PRNewswire/ -- Pioneer Power Solutions, Inc. (Nasdaq:PPSI) ("Pioneer", "Pioneer Power" or the "Company"), a leader in the design, manufacture, service and integration of electrical power systems, distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today provided a business update and announced financial results for the second quarter and six months ended June 30, 2023.

Read more at prnewswire.com

Related Symbols

Symbol Last Chg %Chg
PPSI 3.73 +0.11 +2.90%
Pioneer Power Solutions

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