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Stock impact report

Pioneer Achieves 51% Year-Over-Year Increase in Revenue, Reaching $40.8 Million [Yahoo! Finance]

Pioneer Power Solutions, Inc. (PPSI) 
Last pioneer power solutions, inc. earnings: 3/28 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pioneerpowersolutions.com/investors
Company Research Source: Yahoo! Finance
Expects Continued, Rapid Growth in Revenue, EPS and Operating Margins in 2024; Guides to $52 to $54 Million in Revenue and $0.31 to $0.34 in EPS for Full-Year 2024 FORT LEE, N.J., April 01, 2024 BUSINESS WIRE )--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" 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 announced unaudited preliminary financial results for the fourth quarter and 12 months ended December 31, 2023 and provided a business update. Preliminary Financial Highlights for the Full Year 2023 (Unaudited): Revenue was $40.8 million, as compared to $27.0 million during 2022, an increase of 51.1%. Gross profit was $10.4 million, or a gross margin of 25.5%, as compared to $4.6 million, or a gross margin of 17.1%, for 2022. Gross profit increased 125% and gross margin increased 840 basi Show less Read more
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