Annonce • Apr 02
Pioneer Power Solutions, Inc. announced delayed annual 10-K filing On 04/01/2026, Pioneer Power Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$50.7m market cap). Annonce • Dec 09
Pioneer Power Solutions, Inc. Launches Prymus Pioneer Power Solutions, Inc. announced the launch of PRYMUS, a breakthrough mobile power delivery platform, a scaled evolution of the e-Boost platform. PRYMUS is designed to address the urgent and rapidly expanding demand for distributed MW-scale on-site across a broad spectrum of industrial markets, especially the power needed to support the acceleration of artificial intelligence and power-hungry data centers more generally. PRYMUS is a distributed power package that delivers scalable, pre-engineered energy blocks of 1 MW up to 10 MW. Its primary differentiators are speed and mobility. PRYMUS can be delivered and fully operational at a site in approximately six months, drastically reducing the typical two- to three-year timeline for securing utility-grade power. This fast-track deployment is essential for modular data centers testing new server racks with the latest AI chipsets, including next-generation NVIDIA AI chipsets, all of which require ultra-stable power delivery and rapid response to extreme load variability. PRYMUS also supports industrial automation and on-premise AI compute required by sectors such as healthcare, pharmaceutical, finance, research institutions and government, where data privacy regulations, strict compliance and IP protection necessitate local data processing. Power Spike Management Integrated Mobile Battery Energy Storage Systems (mBESS) to handle instantaneous power spikes from AI loads. Resilience Pre-engineered microgrid architecture; reconfigurable for long-term site resiliency. Target Loads AI Edge Compute, Modular Data Centers (Test Server Racks & On-Prem Data Centers), high power consuming applications (i.e. pharmaceuticals, industrial). Reported Earnings • Nov 16
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: US$0.16 loss per share (further deteriorated from US$0.10 loss in 3Q 2024). Revenue: US$6.89m (down 37% from 3Q 2024). Net loss: US$1.77m (loss widened 58% from 3Q 2024). Revenue exceeded analyst estimates by 4.5%. Earnings per share (EPS) missed analyst estimates by 27%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. New Risk • Nov 14
New major risk - Revenue and earnings growth Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$43.4m market cap). Annonce • Nov 14
Pioneer Power Solutions, Inc. Re-Iterates Earnings Guidance for the Year 2025 Pioneer Power Solutions, Inc. re-iterated earnings guidance for the year 2025. For the year, the company reiterates its expectation for revenue of $27 million to $29 million for the full year of 2025. Annonce • Nov 05
Pioneer Power Solutions, Inc. to Report Q3, 2025 Results on Nov 13, 2025 Pioneer Power Solutions, Inc. announced that they will report Q3, 2025 results After-Market on Nov 13, 2025 Annonce • Oct 01
Pioneer Power Solutions, Inc., Annual General Meeting, Nov 13, 2025 Pioneer Power Solutions, Inc., Annual General Meeting, Nov 13, 2025. Location: 400 kelby street, 12th floor, fort lee, new jersey 07024., United States Major Estimate Revision • Aug 21
Consensus EPS estimates fall by 45%, revenue upgraded The consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast increased from US$27.8m to US$28.6m. Forecast EPS reduced from -US$0.42 to -US$0.61 per share. Electrical industry in the US expected to see average net income growth of 28% next year. Consensus price target of US$10.50 unchanged from last update. Share price rose 16% to US$3.62 over the past week. Reported Earnings • Aug 15
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: US$0.11 loss per share (improved from US$0.21 loss in 2Q 2024). Revenue: US$8.37m (up 32% from 2Q 2024). Net loss: US$1.23m (loss narrowed 46% from 2Q 2024). Revenue exceeded analyst estimates by 21%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 9.4% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Annonce • Aug 15
Pioneer Power Solutions, Inc. Reaffirms Revenue Guidance for the Full Year 2025 Pioneer Power Solutions, Inc. announced that management is reaffirming revenue guidance for the full year 2025 of $27 million to $29 million, which represents year-over-year growth of approximately 20%. The revenue projection for 2025 assumes no contribution from Pioneer’s new HOMe-Boost solution. Annonce • Jul 31
Pioneer Power Solutions, Inc. to Report Q2, 2025 Results on Aug 14, 2025 Pioneer Power Solutions, Inc. announced that they will report Q2, 2025 results After-Market on Aug 14, 2025 Board Change • Jul 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Director Kytchener Whyte was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • May 16
Pioneer Power Solutions, Inc. Reiterates Earnings Guidance for 2025 Pioneer Power Solutions, Inc. reiterated earnings guidance for 2025. The company reaffirmed revenue guidance for the full year 2025 of $27 to $29 million, which represents year-over-year growth of approximately 20%. Annonce • May 10
Pioneer Power Solutions, Inc. to Report Q1, 2025 Results on May 15, 2025 Pioneer Power Solutions, Inc. announced that they will report Q1, 2025 results After-Market on May 15, 2025 Annonce • Apr 16
Pioneer Power Solutions, Inc. Reiterates Revenue Guidance for 2025 Pioneer Power Solutions, Inc. reiterated revenue guidance for 2025. For the period, the company reiterated its expectation for revenue of $27 million to $29 million for the full year of 2025. The revenue projection for 2025 assumes no contribution from Pioneer’s new HOMe-Boost solution. Annonce • Apr 03
Pioneer Power Solutions, Inc. to Report Q4, 2024 Results on Apr 15, 2025 Pioneer Power Solutions, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Apr 15, 2025 Annonce • Apr 02
Pioneer Power Solutions, Inc. announced delayed annual 10-K filing On 04/01/2025, Pioneer Power Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. New Risk • Mar 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Significant insider selling over the past 3 months (US$61k sold). Market cap is less than US$100m (US$38.5m market cap). Annonce • Feb 20
Pioneer Power Solutions, Inc. Reiterates Earnings Guidance for the Full Year of 2025 Pioneer Power Solutions, Inc. reiterated earnings guidance for the full year of 2025. For the period, the company expects revenue of $27 million to $29 million. The revenue projection for 2025 assumes no contribution from Pioneer’s new HOMe-Boost residential solution or the e-Boost RealM remote monitoring platform. Recent Insider Transactions • Dec 23
CFO, Treasurer & Secretary recently sold US$61k worth of stock On the 20th of December, Walter Michalec sold around 15k shares on-market at roughly US$4.09 per share. This transaction amounted to 4.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Walter's only on-market trade for the last 12 months. New Risk • Dec 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (11% increase in shares outstanding). Market cap is less than US$100m (US$67.3m market cap). Upcoming Dividend • Dec 10
Inaugural dividend of US$1.50 per share Eligible shareholders must have bought the stock before 17 December 2024. Payment date: 05 January 2025. This is the first dividend for Pioneer Power Solutions since going public. The average dividend yield among industry peers is 1.0%. Recent Insider Transactions Derivative • Dec 08
Independent Director exercised options to buy US$139k worth of stock. On the 5th of December, Yossi Cohn exercised options to buy 23k shares at a strike price of around US$2.59, costing a total of US$58k. This transaction amounted to 2,250% of their direct individual holding at the time of the trade. Since September 2024, Yossi has owned 1.00k shares directly. Company insiders have collectively bought US$364k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Nov 19
Independent Director exercised options to buy US$145k worth of stock. On the 15th of November, Ian Ross exercised options to buy 23k shares at a strike price of around US$2.59, costing a total of US$58k. This transaction amounted to 2,250% of their direct individual holding at the time of the trade. Since September 2024, Ian has owned 1.00k shares directly. Company insiders have collectively bought US$311k more than they sold, via options and on-market transactions, in the last 12 months. Reported Earnings • Nov 17
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: US$0.10 loss per share (down from US$0.10 profit in 3Q 2023). Revenue: US$10.9m (down 12% from 3Q 2023). Net loss: US$1.12m (down 210% from profit in 3Q 2023). Revenue missed analyst estimates by 26%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 40% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Price Target Changed • Nov 15
Price target decreased by 13% to US$10.50 Down from US$12.00, the current price target is an average from 2 analysts. New target price is 71% above last closing price of US$6.15. Stock is up 0.7% over the past year. The company is forecast to post earnings per share of US$0.07 next year compared to a net loss per share of US$0.19 last year. Board Change • Nov 15
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. No experienced directors. 6 highly experienced directors. Director Kytchener Whyte was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 05
Pioneer Power Solutions, Inc. to Report Q3, 2024 Results on Nov 14, 2024 Pioneer Power Solutions, Inc. announced that they will report Q3, 2024 results After-Market on Nov 14, 2024 Annonce • Oct 31
Mill Point Capital LLC acquired Pioneer Custom Electrical Products Corp. from Pioneer Power Solutions, Inc. (NasdaqCM:PPSI) for $50 million. Mill Point Capital LLC acquired Pioneer Custom Electrical Products Corp. from Pioneer Power Solutions, Inc. (NasdaqCM:PPSI) for $50 million on October 30, 2024.The total cash consideration of $48 million and $2 million in equity of Pioneer Investment LLC and the assumption of certain liabilities. Under the terms of the agreement, The Company will contribute 4% of its equity in Pioneer Investment LLC and receive a minority equity ownership position. After the transaction Mr. Nathan Mazurek will serve as a member of the Board of Directors of Pioneer Investment LLC.
Mill Point Capital LLC completed the acquisition of Pioneer Custom Electrical Products Corp. from Pioneer Power Solutions, Inc. (NasdaqCM:PPSI) for $50 million on October 30, 2024. Annonce • Oct 18
Pioneer Power Solutions, Inc., Annual General Meeting, Dec 05, 2024 Pioneer Power Solutions, Inc., Annual General Meeting, Dec 05, 2024. Location: 400 kelby street, 12th floor, fort lee, new jersey 07024., new jersey United States Annonce • Oct 09
Pioneer Power Solutions, Inc. Reiterates Earnings Guidance for the Full Year 2024 Pioneer Power Solutions, Inc. reiterated earnings guidance for the full year 2024. The Management expects revenue of $52 to $54 million for the full year 2024, which represents year-over-year growth of approximately 30% and EPS of $0.31 to $0.34. Annonce • Aug 25
Pioneer Receives Notification of Delinquency from Nasdaq Pioneer Power Solutions, Inc. (the ‘Company’) announced that on August 21, 2024, the Company received a delinquency notification letter (the ‘10-Q Notice’) from the Listing Qualifications Staff of the Nasdaq Stock Market LLC (‘Nasdaq’) indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the ‘Listing Rule’) as a result of the Company’s failure to timely file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 (the ‘Second Quarterly Report’), and its continued delay in filing its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the ‘First Quarterly Report,’ and together with the Second Quarterly Report, the ‘Quarterly Reports’), with the Securities and Exchange Commission. The 10-Q Notice has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. The Company previously submitted a plan to Nasdaq to regain compliance with respect to the Quarterly Reports (the ‘Plan’), and Nasdaq granted an exception until September 20, 2024, to file the Quarterly Reports. The 10-Q Notice provides that the Company has until September 5, 2024, to update the Plan to regain compliance with respect to the filing requirements. If the Company’s plan is accepted, Nasdaq may grant the Company an additional exception of up to a maximum of 180 calendar days from the due date of the initial delinquent filing of the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, or until October 14, 2024, to file the Quarterly Reports to regain compliance. Annonce • Aug 16
Pioneer Power Solutions, Inc. announced delayed 10-Q filing On 08/15/2024, Pioneer Power Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Jul 27
Pioneer Power Solutions, Inc. Reaffirms Revenue Guidance for the Full Year 2024 Pioneer Power Solutions, Inc. reaffirmed revenue guidance for the full year 2024. Based on current customer delivery schedules, management expects to have an exceptionally strong second half of 2024 and reaffirms its expectation for revenue of $52 to $54 million for the full year 2024, which represents year-over-year growth of approximately 30% and EPS of $0.31 to $0.34. Annonce • May 31
Pioneer Receives Notification of Delinquency from Nasdaq Pioneer Power Solutions, Inc. announced that on May 24, 2024, the Company received a delinquency notification letter (the "10-Q Notice") from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the "Listing Rule") as a result of the Company's failure to have timely filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 (the "Quarterly Report"), and its continued delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the "Annual Report"), with the Securities and Exchange Commission. The 10-Q Notice has no immediate effect on the listing of the Company's common stock on the Nasdaq Capital Market. The 10-Q Notice provides that the Company has until June 17, 2024, to submit a plan to regain compliance with respect to the delinquent reports. If the Company's plan is accepted, Nasdaq may grant the Company an exception of up to 180 days from the due date of the initial delinquent filing, or until October 14, 2024, to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Hearings Panel. Annonce • May 18
Pioneer Power Solutions, Inc. announced delayed 10-Q filing On 05/16/2024, Pioneer Power Solutions, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Annonce • Apr 23
Pioneer Power Solutions Receives Nasdaq Notification of Non-Compliance Related to Delayed Annual Report on Form 10-K Pioneer Power Solutions, Inc. (‘Pioneer’ or the ‘Company’) announced that on April 18, 2024, the Company received a delinquency notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (‘Nasdaq’) indicating that the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) as a result of its failure to have timely filed its Annual Report for the year ended December 31, 2023 on Form 10-K (the ‘Annual Report’) with the Securities and Exchange Commission (the ‘SEC’). The delinquency notification letter provides that, under Nasdaq rules for continued listing, the Company has 60 calendar days to submit to Nasdaq a plan to regain compliance. If the Company’s plan is accepted, Nasdaq may grant the Company an exception of up to 180 days from the filing’s due date, or until October 14, 2024, to regain compliance. If Nasdaq does not accept the plan, the Company will have the opportunity to appeal the decision to a Hearings Panel. The delinquency notification letter has no immediate effect on the listing of the Company’s common stock on the Nasdaq Capital Market. The company expects to file its Annual Report with the SEC in the coming weeks. Annonce • Apr 03
Pioneer Power Solutions, Inc. Provides Revenue Guidance for the Year 2024 Pioneer Power Solutions, Inc. provided revenue guidance for the year 2024. For the year, the company expects revenue of $52 million to $54 million. which represents year-over-year growth of approximately 30% and EPS of $0.31 to $0.34. Annonce • Apr 03
Pioneer Power Solutions, Inc. announced delayed annual 10-K filing On 04/02/2024, Pioneer Power Solutions, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Annonce • Mar 15
Pioneer Power Solutions, Inc. to Report Q4, 2023 Results on Apr 01, 2024 Pioneer Power Solutions, Inc. announced that they will report Q4, 2023 results at 4:00 PM, US Eastern Standard Time on Apr 01, 2024 Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$5.80, the stock trades at a forward P/E ratio of 20x. Average trailing P/E is 22x in the Electrical industry in the US. Total loss to shareholders of 1.5% over the past three years. Annonce • Feb 09
Pioneer Power Launches New Modular, E-Bloc Charge Port Series Pioneer Power Solutions, Inc. announced that it has launched its new E-Bloc Charge Port series and immediately received initial purchase orders valued at more than $2 million dollars. The Company expects to deliver the initial orders during the second quarter of 2024. Key Features and Expected Benefits of the E-Bloc Charge Port Series: Smartly Engineered and Packaged - Pioneer, with its in-depth experience in installing over 1,000 E-Bloc units, developed a new, slimmer form factor, which is built on past design considerations and customer demand and feedback. The E-Bloc Port Charge series was engineered with an efficient design that is scalable, modular and meets SCE’s Electrical Service Requirements (ESR). Flexible - Using new technology, the E-Bloc Charge Port series can provide a range of amperes for an electrical system’s amperage ranging from 1200 to 4000. Ruggedized - The E-Bloc Charge Port series withstands power surges and is outdoor rated to stand up to inclement weather as well as severe heat to provide California EV charging customers fault-free EV charges where and when they are needed. Easy Installation - Utilizing the Company’s new “Bus” technology, the E-Bloc Charge Port series encompasses a small footprint and is designed for "plug and play” installation applying simple tools and requiring no additional training for qualified installers. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to US$6.99, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 19x in the Electrical industry in the US. Total returns to shareholders of 83% over the past three years. Major Estimate Revision • Nov 23
Consensus EPS estimates increase by 50% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$0.08 to US$0.12. Revenue forecast steady at US$44.7m. Net income forecast to grow 114% next year vs 12% growth forecast for Electrical industry in the US. Consensus price target of US$12.00 unchanged from last update. Share price fell 8.7% to US$5.70 over the past week. Reported Earnings • Nov 17
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: US$0.10 (up from US$0.13 loss in 3Q 2022). Revenue: US$12.4m (up 99% from 3Q 2022). Net income: US$1.02m (up US$2.34m from 3Q 2022). Profit margin: 8.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.2%. Earnings per share (EPS) also surpassed analyst estimates by 100%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Annonce • Nov 15
Pioneer Power Solutions, Inc. Provides Earnings Guidance for the Fiscal Year 2023 Pioneer Power Solutions, Inc. provided earnings guidance for the fiscal year 2023. For the period, Company expects total revenue between $42 and $45 million or at least 50% over fiscal year 2022. Also expects to generate positive earnings per share. Annonce • Nov 03
Pioneer Power Solutions, Inc. to Report Q3, 2023 Results on Nov 14, 2023 Pioneer Power Solutions, Inc. announced that they will report Q3, 2023 results After-Market on Nov 14, 2023 Annonce • Sep 22
Pioneer Power Solutions, Inc., Annual General Meeting, Nov 09, 2023 Pioneer Power Solutions, Inc., Annual General Meeting, Nov 09, 2023, at 12:15 Eastern Standard Time. Location: 400 Kelby Street, 12th Floor, Fort Lee New Jersey United States Agenda: To consider Election of seven directors to serve on board of directors until the annual meeting of the stockholders in 2024, or until their successors are elected and qualified, for which the following are nominees: Nathan J. Mazurek, Thomas Klink, Yossi Cohn, Ian Ross, David Tesler, Jonathan Tulkoff and Kytchener Whyte; Ratification of the appointment of Marcum LLP as independent registered public accounting firm for the fiscal year ending December 31, 2023; ; and to discuss other matters. Recent Insider Transactions • Sep 15
President recently bought US$61k worth of stock On the 12th of September, Nathan Mazurek bought around 10k shares on-market at roughly US$6.09 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Nathan has been a buyer over the last 12 months, purchasing a net total of US$88k worth in shares. New Risk • Aug 17
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (3.8% increase in shares outstanding). Market cap is less than US$100m (US$66.5m market cap). Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.032 loss per share (vs US$0.26 loss in 2Q 2022) Second quarter 2023 results: US$0.032 loss per share (improved from US$0.26 loss in 2Q 2022). Revenue: US$12.1m (up 183% from 2Q 2022). Net loss: US$319.0k (loss narrowed 87% from 2Q 2022). Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 56% per year whereas the company’s share price has increased by 58% per year. New Risk • Jul 07
New major risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$76.1m market cap). Annonce • May 17
Pioneer Power Solutions, Inc. Reiterates Earnings Guidance for the Fiscal Year 2023 Pioneer Power Solutions, Inc. reiterated earnings guidance for the fiscal year 2023. For period, the company expects total revenue between $42 and $45 million, or at least 50% over fiscal year 2022. Management also expects to generate positive earnings per share for the full fiscal year 2023. Reported Earnings • May 17
First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2023 results: EPS: US$0.012 (up from US$0.082 loss in 1Q 2022). Revenue: US$8.51m (up 41% from 1Q 2022). Net income: US$122.0k (up US$910.0k from 1Q 2022). Profit margin: 1.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) exceeded analyst estimates. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Breakeven Date Change • Apr 02
Forecast breakeven date moved forward to 2023 The analyst covering Pioneer Power Solutions previously expected the company to break even in 2024. New forecast suggests the company will make a profit of US$461.0k in 2023. Earnings growth of 50% is required to achieve expected profit on schedule. Annonce • Feb 09
Pioneer Power Solutions, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year Ended December 31, 2022 Pioneer Power Solutions, Inc. provided revenue guidance for the fourth quarter and full year ended December 31, 2022. For the quarter, the company believed that revenue exceeded $10.0 million, representing the higher quarterly revenue since the sale of the Company's transformer business units in mid-2019.For the year, the company estimated revenue of more than $27.5 million. As a result, management believes it has exceeded its target of 50% year-over-year revenue. Annonce • Nov 19
Pioneer Power Solutions, Inc. Elects Kytchener Whyte to the Board of Director Pioneer Power Solutions, Inc. announced at annual general meeting held on November 17, 2022, the shareholders approved election of Kytchener Whyte to the board of director of the company. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.13 loss per share (vs US$0.05 loss in 3Q 2021) Third quarter 2022 results: US$0.13 loss per share (further deteriorated from US$0.05 loss in 3Q 2021). Revenue: US$6.25m (up 10.0% from 3Q 2021). Net loss: US$1.31m (loss widened 202% from 3Q 2021). Revenue is forecast to grow 33% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Price Target Changed • Nov 16
Price target increased to US$12.00 Up from US$8.25, the current price target is provided by 1 analyst. New target price is 275% above last closing price of US$3.20. Stock is down 60% over the past year. The company is forecast to post a net loss per share of US$0.53 next year compared to a net loss per share of US$0.24 last year. Board Change • Nov 16
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Ian Ross was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Nov 15
Pioneer Power Solutions, Inc. Re-Iterates Revenue Guidance for the Year of 2022 Pioneer Power Solutions, Inc. re-iterated revenue guidance for the year of 2022. For the year, the company re-iterated Expectation of 50% Year-over-Year Full Year Revenue Growth for 2022. Breakeven Date Change • Oct 12
Forecast to breakeven in 2024 The analyst covering Pioneer Power Solutions expects the company to break even for the first time. New forecast suggests the company will make a profit of US$2.00m in 2024. Average annual earnings growth of 70% is required to achieve expected profit on schedule. Annonce • Sep 28
Pioneer Power Solutions, Inc., Annual General Meeting, Nov 17, 2022 Pioneer Power Solutions, Inc., Annual General Meeting, Nov 17, 2022, at 12:15 Eastern Standard Time. Location: 400 Kelby Street, 12th Floor Fort Lee New Jersey United States Agenda: To consider election of seven directors to serve on board of directors until the annual meeting of the stockholders in 2023, or until the successors are elected and qualified; to consider Ratification of the appointment of MARCUM LLP as independent registered public accounting firm for the fiscal year ending December 31, 2022; and to consider any other other matters. Major Estimate Revision • Aug 22
Consensus revenue estimates fall by 16% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$40.8m to US$34.4m. Forecast losses increased from -US$0.23 to -US$0.53 per share. Electrical industry in the US expected to see average net income growth of 14% next year. Consensus price target of US$12.00 unchanged from last update. Share price fell 13% to US$3.45 over the past week. Reported Earnings • Aug 17
Second quarter 2022 earnings: EPS and revenues miss analyst expectations Second quarter 2022 results: US$0.26 loss per share (down from US$0.079 loss in 2Q 2021). Revenue: US$4.29m (down 24% from 2Q 2021). Net loss: US$2.52m (loss widened 267% from 2Q 2021). Revenue missed analyst estimates by 44%. Earnings per share (EPS) also missed analyst estimates by 225%. Over the next year, revenue is forecast to grow 127%, compared to a 53% growth forecast for the Electrical industry in the US. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Annonce • Aug 17
Pioneer Power Solutions, Inc. Provides Financial Guidance for Full Year of 2022 Pioneer Power Solutions, Inc. provided financial guidance for full year of 2022. Company Reiterates Expectation of 50% Year-over-Year Full Year Revenue Growth for 2022. Major Estimate Revision • May 23
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast increased from US$39.8m to US$40.8m. Forecast EPS reduced from -US$0.20 to -US$0.23 per share. Electrical industry in the US expected to see average net income growth of 19% next year. Consensus price target of US$12.00 unchanged from last update. Share price rose 40% to US$4.51 over the past week. Reported Earnings • May 17
First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind First quarter 2022 results: US$0.082 loss per share (down from US$0.04 profit in 1Q 2021). Revenue: US$6.04m (up 72% from 1Q 2021). Net loss: US$788.0k (down 325% from profit in 1Q 2021). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 14%. Over the next year, revenue is forecast to grow 109%, compared to a 30% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Annonce • May 17
Pioneer Power Solutions, Inc. Provides Revenue Guidance for the Second Quarter and Full Year 2022 Pioneer Power Solutions, Inc. provided revenue guidance for the second quarter and full year 2022. The company expects the second quarter results to be similar to the first quarter, including significant year-over-year revenue growth.The company also reiterating outlook for full year revenue growth of at least 50% in 2022, compared to 2021 levels. Price Target Changed • Apr 27
Price target increased to US$12.00 Up from US$8.25, the current price target is provided by 1 analyst. New target price is 205% above last closing price of US$3.94. Stock is down 5.3% over the past year. The company is forecast to post a net loss per share of US$0.20 next year compared to a net loss per share of US$0.24 last year. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. Independent Director Ian Ross was the last director to join the board, commencing their role in 2011. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Apr 02
Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2021 results: US$0.24 loss per share (up from US$0.34 loss in FY 2020). Revenue: US$18.3m (down 6.0% from FY 2020). Net loss: US$2.17m (loss narrowed 27% from FY 2020). Revenue missed analyst estimates by 12%. Earnings per share (EPS) exceeded analyst estimates by 60%. Over the next year, revenue is forecast to grow 118%, compared to a 21% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Nov 20
Third quarter 2021 earnings released: US$0.05 loss per share (vs US$0.15 profit in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$5.69m (up 40% from 3Q 2020). Net loss: US$434.0k (down 132% from profit in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.079 loss per share (vs US$0.076 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$5.63m (up 11% from 2Q 2020). Net loss: US$686.0k (loss widened 3.9% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.