Earnings ·
Pioneer Power Solutions, Inc. reported financial results for the second quarter ended June 30, 2026
PPSIPioneer Power Solutions, Inc.
Pioneer Power Solutions, Inc. reported financial results for the second quarter ended June 30, 2026. Revenue decreased 40% to $5.0 million from $8.4 million in the prior year period, primarily due to lower sales of mobile EV charging solutions. The company posted a net loss of $2.1 million and an operating loss of $2.0 million. Backlog grew 32% sequentially to $18.4 million, driven by demand for its PRYMUS on-site power system. Management projects second-half 2026 revenue of approximately $15.0 million, representing over 60% growth compared to the first half. The company holds $10.7 million in cash and has no bank debt. Pioneer Power Solutions operates in the distributed energy resources, power generation equipment, and mobile electric vehicle charging solutions industry.