PPSI

Backlog Grew 32% Sequentially to $18.4 Million Projecting Revenue of Approximately $15 Million in Second Half of 2026, Representing More than 60% Growth Over the First Half of 2026 FORT LEE, N.J., August 17, 2026--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of 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 ended June 30, 2026. "Our PRYMUS on-site power system, introduced in December 2025, continues to gain traction as customers look for reliable, scalable power that can be deployed in months rather than years," said Nathan Mazurek, CEO of Pioneer. "PRYMUS is designed to meet that demand, combining mobile prime power generation, battery energy storage and advanced controls in pre-engineered, modular blocks that can scale from 1 MW to 10 MW and be deployed where power is needed, when it is needed. The early response to the platform has been strong, highlighted by the up to $6 million award we announced in May from one of the nation’s largest package delivery companies for two PRYMUS systems to provide prime power at separate transit hubs. "Although the initial systems are not expected to be delivered until the second half of 2026, this customer has indicated an interest in potentially ordering additional PRYMUS systems for delivery in the first half of 2027. At the same time, our pipeline continues to build, with active PRYMUS quotes totaling approximately $200 million in aggregate with roughly 80% related to data center projects. The level of engaged interest we are experiencing only months after launching PRYMUS is an indication of the platform’s strong potential and market reception. We fully expect to receive additional, significant PRYMUS orders in the second half of 2026. "We believe what we are experiencing with PRYMUS reflects a broader shift taking place in the power market. Demand for power is growing exponentially, driven in large part by the expansion of data centers and other energy-intensive infrastructure, while the traditional grid faces increasing constraints on capacity and the speed of bringing new power online. Customers are increasingly looking for reliable power solutions that can be deployed where and when they are needed, and we believe that plays directly to the strengths of distributed generation and to our capabilities. "Concurrently, our e-Boost mobile charging platform has achieved a solid baseline, with annual revenue of approximately $10 million and more consistent gross margin levels. Despite the broader challenges in the EV charging market, we believe this level of revenue and profitability provides a sustainable foundation for the current business. As the EV charging market in the United States and abroad continues to develop, we see opportunities to build on this baseline and improve both revenue and gross margins over time. "Our PowerCore home product, which we also introduced in December 2025, establishes a new category in premium residential power, providing 24/7 whole-home energy resiliency and energy independence with integrated high-speed EV charging. We are continuing to advance the platform and remain on track to begin shipments in the second half of 2026, initially with our original 45 kW prime-rated system and subsequently with 150 kW and 250 kW versions designed for larger estate-level residences. This expanded product range gives Pioneer the opportunity to address a broader segment of the premium residential market and build a meaningful new growth opportunity over the next several years." Q2 2026 Financial Highlights Revenue was $5.0 million, as compared to $8.4 million for the same quarter in 2025. Gross profit was $984,000, or a gross margin of 19.6%, as compared to $1.3 million, or a gross margin of 15.7%, for the same quarter in 2025. Operating loss from continuing operations was $2.0 million, as compared to $1.7 million for the same quarter in 2025. Non–GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring costs and professional fees, was $44,000, as compared to $218,000 for the same quarter in 2025. Net loss was $2.1 million, as compared to $1.3 million, inclusive of a loss from discontinued operations of $100,000, in the year ago quarter. Backlog of $18.4 million at June 30, 2026, compared to $13.9 million at March 31, 2026. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance. Second Quarter 2026 Financial Results Revenue Revenue for the three months ended June 30, 2026, was $5.0 million, a decrease of 40.0%, as compared to $8.4 million during the second quarter of last year, primarily due to a decrease in sales and rentals in the Company’s suite of mobile EV charging solutions, e-Boost. Gross Profit/Margin Gross profit for the second quarter of 2026 was $984,000, or a 19.6% gross margin, compared to gross profit of $1.3 million, or a 15.7% gross margin, for the same period in 2025. The increase in gross margin was primarily attributable to improved operating efficiencies associated with the sale of the Company’s mobile EV charging solutions, e-Boost. Operating Loss from Continuing Operations For the three months ended June 30, 2026, operating loss from continuing operations was $2.0 million, as compared to $1.7 million for the same period in 2025, primarily due to the decrease in sales and rentals of our equipment and services. Net Loss Net loss was $2.1 million, as compared to $1.3 million, inclusive of a loss from discontinued operations of $100,000, for the same period last year. Balance Sheet As of June 30, 2026, the Company had $10.7 million of cash on hand and working capital of $17.1 million, compared to $15.0 million of cash on hand and working capital of $20.7 million as of December 31, 2025. The Company had no bank debt as of June 30, 2026. Second Half 2026 Outlook Management expects revenue of approximately $15.0 million for the second half of 2026, representing growth of more than 60% as compared to the first half of 2026. At the end of April, the Company took steps to streamline its organization and better align its cost structure with the scale of the business. Management expects the benefits of these actions to become increasingly evident in the second half of the year. The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management’s current expectations for the Company’s 2026 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company’s expectations as set forth herein. See "Forward-Looking Statements." In preparing the above outlook, the Company assumed, among other things, (i) that the Company’s backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See "Forward-Looking Statements." Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, depreciation and amortization expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute for or alternative to any measure of financial performance calculated and presented in accordance with GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com. e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions designed for speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with an extensive range of platforms. Utilized by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer’s e-Boost, please visit its website at www.pioneer-emobility.com. PRYMUS is Pioneer’s advanced power systems and controls platform focused on delivering resilient, intelligent, and scalable energy solutions for utility, industrial, and critical infrastructure applications. PRYMUS supports customers through innovative engineering, system integration, and power management technologies designed to improve reliability, operational efficiency, and grid performance. PowerCore is Pioneer’s distributed energy and infrastructure solutions platform, providing customers with flexible and sustainable power solutions for standby, prime, and mobile power applications. PowerCore supports a wide range of commercial, industrial, utility, and infrastructure projects through integrated power generation, energy management, and deployment capabilities. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" and similar words, or their negatives. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully reduce operating costs through its cost reduction initiatives, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, particularly in the commercial market, but also in the power generation, industrial production and infrastructure industries (iv) the effects of fluctuations in the Company’s business, revenues, expenses, net income (loss), income (loss) per share, margins and profitability, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) ability to generate internal growth, maintain market acceptance of our existing products and gain acceptance for our new products, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) global events beyond our control, including war, public health crises, such as pandemics and epidemics, trade disputes, economic sanctions, trade wars and their collateral impacts and other international events, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, (xv) our ability to remediate the ongoing material weaknesses identified in our internal control over financial reporting, or inability to otherwise maintain an effective system of internal control, (xvi) the effect that the identified material weaknesses and failure to establish and maintain effective internal control over financial reporting could have on investor confidence in us and raise reputational risk and (xvii) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. Actual outcomes and results may differ materially from those expressed or implied. Important factors that could cause actual results to differ materially include the risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. PIONEER POWER SOLUTIONS, INC.Condensed Consolidated Statements of Operations(In thousands, except for share and per share amounts)(Unaudited) PIONEER POWER SOLUTIONS, INC.Condensed Consolidated Balance Sheets(In thousands, except for share and per share amounts)(Unaudited) PIONEER POWER SOLUTIONS, INC.Condensed Consolidated Statements of Cash Flows(In thousands)(Unaudited) PIONEER POWER SOLUTIONS, INC.Reconciliation of Non-GAAP Measures(In thousands)(Unaudited) View source version on businesswire.com: https://www.businesswire.com/news/home/20260817827387/en/ Contacts Brett Maas, Managing PartnerHayden IR(646) [email protected]

Columbus McKinnon (CMCO) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.5 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +117.86%. A quarter ago, it was expected that this maker of materials handling products and systems would post earnings of $0.27 per share when it actually produced earnings of $0.24, delivering a surprise of -11.11%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Columbus McKinnon, which belongs to the Zacks Manufacturing - Material Handling industry, posted revenues of $531.46 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 7.30%. This compares to year-ago revenues of $235.92 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Columbus McKinnon shares have lost about 15.3% since the beginning of the year versus the S&P 500's gain of 6.9%. While Columbus McKinnon has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Columbus McKinnon was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $522.97 million in revenues for the coming quarter and $1.73 on $2.1 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Material Handling is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Industrial Products sector, Pioneer Power Solutions, Inc. (PPSI), has yet to report results for the quarter ended June 2026. This company is expected to post quarterly loss of $0.16 per share in its upcoming report, which represents a year-over-year change of -45.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Pioneer Power Solutions, Inc.'s revenues are expected to be $5.1 million, down 39.1% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Columbus McKinnon Corporation (CMCO) : Free Stock Analysis Report Pioneer Power Solutions, Inc. (PPSI) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Backlog Grew 11% Sequentially Implemented Actions Expected to Reduce Operating Expenses by Over $1.5 Million on an Annualized Basis $6 Million PRYMUS® Award from National Logistics Customer Validates Early Market Adoption Following Recent Launch FORT LEE, N.J., May 18, 2026--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced recent business highlights and financial results for the first quarter ended March 31, 2026. Recent Business Highlights Received a $6 million award for two PRYMUS® 1.2 megawatt distributed generation systems from a major national logistics customer, reflecting market interest in the platform following the official launch in December 2025. Delivery is expected in the second half of 2026. Implemented cost reduction initiatives at the end of April 2026 expected to lower operating expenses by approximately $1.5 million on an annualized basis, primarily through headcount reductions associated with the e-Boost product platform. Expanded PRYMUS sales pipeline and outstanding customer quotations at a pace exceeding the Company’s initial expectations, suggesting growing market demand for its distributed generation platform. Shipped first e-Boost unit to its distribution partner, Savvy Charging, in the United Arab Emirates, marking the Company’s initial entry into the Middle East market. Order activity for e-Boost mobile EV charging systems averaged to more than $500,000 per month during the quarter, as reflected in the Company’s higher backlog levels as of March 31, 2026. Q1 2026 Financial Highlights Revenue was $4.3 million, compared to $6.7 million for the same quarter in 2025. Gross profit was $582,000, or a gross margin of 13.6%, as compared to $148,000, or a gross margin of 2.2%, for the same quarter in 2025. Operating loss was $2.0 million, compared to $2.3 million for the same quarter in 2025. Non–GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $380,000, as compared to $708,000 for the same quarter in 2025. Net loss was $2.5 million, as compared to $929,000, inclusive of income from discontinued operations of $1.1 million, in the year ago quarter. Backlog of $13.9 million at March 31, 2026, compared to $12.6 million at December 31, 2025. Cash on hand at March 31, 2026, was $13.6 million, as compared to $15.0 million at December 31, 2025. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance. "Our first quarter results reflect momentum across the business and meaningful progress in positioning Pioneer for its next phase of growth," said Nathan Mazurek, CEO of Pioneer. "We delivered a significant year-over-year improvement in gross margin and a sequential increase in backlog, which suggests two important things: we are building commercial momentum, and customer demand for our distributed power solutions continues to build. While revenue in the quarter was affected by the timing of e-Boost deployments, the underlying trajectory of the business remains solid and improving. Importantly, the cost reduction actions we implemented at the end of April are expected to reduce our operating expense base by $1.5 million or more on an annualized basis, giving us a leaner, more focused organization. Those potential savings are expected to be directed toward the areas where we see the most opportunity and excitement - PRYMUS and PowerCore, which we believe are central to our long-term growth story. "The early response to PRYMUS has been encouraging and, in our view, reinforces the strength of the market opportunity we are addressing. We continue to see accelerating demand for rapidly deployable distributed generation solutions, driven by the expansion of AI infrastructure, growth in data center capacity and ongoing constraints within the utility grid. In fact, a significant portion of our current pipeline and outstanding customer quotations is now centered on PRYMUS opportunities, which gives us increasing confidence in the scale and long-term potential of the platform. "At the same time, we continue to advance commercialization efforts for PowerCore, which currently remains on track to begin shipments in the second half of 2026. Together, PRYMUS and PowerCore represent an important step forward in Pioneer’s evolution into a broader distributed energy solutions provider, serving both commercial and residential end markets. "Looking ahead, our focus remains on disciplined execution, improving operating leverage and converting a growing pipeline of opportunities into revenue. We believe our differentiated product portfolio positions us well to capitalize on increasing demand for flexible, resilient power infrastructure." First Quarter 2026 Financial Results Revenue Revenue for the three months ended March 31, 2026, was $4.3 million, a decrease of 36.7%, as compared to $6.7 million during the first quarter of last year, primarily due to a decrease in sales and rentals in the Company’s suite of mobile EV charging solutions, e-Boost. Gross Profit/Margin Gross profit for the first quarter of 2026 was $582,000, or a 13.6% gross margin, compared to gross profit of $148,000, or a 2.2% gross margin, for the same period in 2025. The increase in gross profit was primarily attributable to improved operating efficiencies associated with the sale of the Company’s mobile EV charging solutions, e-Boost. Operating Loss from Continuing Operations For the three months ended March 31, 2026, operating loss from continuing operations was $2.0 million, an improvement of $326,000 compared to $2.3 million for the same period in 2025. Net Loss from Continuing Operations The Company’s net loss from continuing operations was $2.5 million for the three months ended March 31, 2026, as compared to $2.1 million for the same period in 2025. Net Loss Net loss was $2.5 million, as compared to $929,000, inclusive of income from discontinued operations of $1.1 million, for the same period last year. Balance Sheet As of March 31, 2026, the Company had $13.6 million of cash on hand and working capital of $18.7 million, compared to $15.0 million of cash on hand and working capital of $20.7 million as of December 31, 2025. The Company had no bank debt as of March 31, 2026. Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, depreciation and amortization expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute for or alternative to any measure of financial performance calculated and presented in accordance with GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com. e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions designed for speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with an extensive range of platforms. Utilized by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer’s e-Boost, please visit its website at www.pioneer-emobility.com. PRYMUS is Pioneer’s advanced power systems and controls platform focused on delivering resilient, intelligent, and scalable energy solutions for utility, industrial, and critical infrastructure applications. PRYMUS supports customers through innovative engineering, system integration, and power management technologies designed to improve reliability, operational efficiency, and grid performance. PowerCore is Pioneer’s distributed energy and infrastructure solutions platform, providing customers with flexible and sustainable power solutions for standby, prime, and mobile power applications. PowerCore supports a wide range of commercial, industrial, utility, and infrastructure projects through integrated power generation, energy management, and deployment capabilities. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" and similar words, or their negatives. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully reduce operating costs through its cost reduction initiatives, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, particularly in the commercial market, but also in the power generation, industrial production and infrastructure industries (iv) the effects of fluctuations in the Company’s business, revenues, expenses, net income (loss), income (loss) per share, margins and profitability, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) ability to generate internal growth, maintain market acceptance of our existing products and gain acceptance for our new products, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) global events beyond our control, including war, public health crises, such as pandemics and epidemics, trade disputes, economic sanctions, trade wars and their collateral impacts and other international events, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, (xv) our ability to remediate the ongoing material weaknesses identified in our internal control over financial reporting, or inability to otherwise maintain an effective system of internal control, (xvi) the effect that the identified material weaknesses and failure to establish and maintain effective internal control over financial reporting could have on investor confidence in us and raise reputational risk and (xvii) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. Actual outcomes and results may differ materially from those expressed or implied. Important factors that could cause actual results to differ materially include the risk factors set forth in the Company’s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. These forward-looking statements are made as of the date of this release and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Except as required by law, the Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260518071702/en/ Contacts Brett Maas, Managing PartnerHayden IR(646) [email protected]

Full Year Revenue of $27.6 Million, Up 21% and In-line with Guidance FORT LEE, N.J., April 08, 2026--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced its financial results for the fourth quarter and full year ended December 31, 2025. Strategic Business Highlights Global Expansion of e-Boost Ecosystem: Successfully entered a strategic international agreement to scale e-Boost mobile charging technology globally. By leveraging a high-margin franchise model and local partnerships, the Company is preparing to capture the rapid surge in international EV demand while maintaining a capital-light growth strategy. PRYMUS Platform Aligns with Edge AI & Industrial Growth: Launched the PRYMUS Mobile Distributed Energy Platform, a novel solution designed to deliver 1 MW to 10 MW blocks of sustainably-fueled, off-grid power. PRYMUS is intended to address the "power-gap" facing the growing Edge AI and Data Center sectors, by offering megawatt-scale deployment expected in months rather than the years generally required for traditional grid connectivity. Defining the Premium Residential "Prime Power" Category: Debuted the PowerCore Residential Prime Energy Platform in December 2025 at a fully subscribed, invite-only Miami event. PowerCore is the market’s only known 24/7/365 whole-home resiliency solution with integrated high-speed charging. PowerCore is designed to elevate the premium residential experience by providing energy independence and mission-critical reliability, decoupled from the vulnerabilities of the traditional aging power grid. e-Boost Strengthens Its Position as the Standard in Mobile EV Charging: Continued to support e-Boost’s position as a solution for high-capacity mobile EV charging, with steady demand across core markets. With an established leasing and service model generating recurring revenue, e-Boost serves as the foundation of the Company’s broader distributed energy ecosystem. Q4 2025 Financial Highlights Revenue was $5.6 million, compared to $9.8 million for the same quarter in 2024. Gross profit was $1.3 million, or a gross margin of 23.5%, as compared to $2.8 million, or a gross margin of 28.9%, for the same quarter in 2024. Operating loss was $(1.1) million, unchanged from $(1.1) million for the same quarter in 2024. Non-GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $589,000, as compared to $1.9 million for the same quarter in 2024. Net loss was $(1.4) million, inclusive of loss from discontinued operations of $(17,500), as compared to net income of $36.3 million, inclusive of income from discontinued operations of $35.5 million, in the year ago quarter. Full Year 2025 Financial Highlights Revenue was $27.6 million, up 20.8% and in-line with Company guidance, compared to $22.9 million for the year ended December 31, 2024. Gross profit was $3.4 million, or a gross margin of 12.4%, as compared to $5.5 million, or a gross margin of 24.1%, for the year ended December 31, 2024. Operating loss from continuing operations was $(6.6) million, as compared to $(5.2) million for the year ended December 31, 2024. Non-GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $(98,000), as compared to non-GAAP operating income of $2.5 million for the year ended December 31, 2024. Net loss was $(6.0) million, inclusive of income from discontinued operations of $449,000, as compared to net income of $31.9 million, inclusive of income from discontinued operations of $35.2 million, for the year ended December 31, 2024. Backlog of $12.6 million at December 31, 2025, compared to $19.8 million at December 31, 2024. Cash on hand at December 31, 2025, was $15.0 million, as compared to $41.6 million at December 31, 2024. On January 7, 2025, the Company paid a one-time special cash dividend of an aggregate of $16.7 million. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance. "We delivered 21% year-over-year revenue growth in 2025 and met our guidance, indicating strong execution and continued demand for our mobile and distributed power solutions," said Nathan Mazurek, CEO of Pioneer. "Throughout the year, we strategically front-loaded investments to scale our manufacturing platform. The higher initial build costs associated with our new power systems, PRYMUS and PowerCore, were one-time refinements that we believe were needed to allow for a more efficient, high-margin production model as we move into 2026. "We are now at an important stage of our development. Pioneer has expanded beyond mobile EV charging into providing mobile distributed energy systems, engineered to solve two urgent power challenges of the recent years: the infrastructure bottleneck of AI-driven compute and the escalating demand for residential energy independence. By launching PRYMUS and PowerCore, we have expanded our addressable market and shifted our portfolio toward what we believe to be mission-critical, high-value deployments. "The market response is encouraging. PRYMUS is offering solutions to the 'power gap' for edge AI and data centers, with initial engagements secured in the first quarter of 2026 and shipments scheduled for 2027. Meanwhile, PowerCore is set to begin shipments in the second half of this year, intended to capture a premium residential segment that is increasingly decoupling from traditional grid constraints. "As we look ahead to 2026, we expect our core e-Boost business to provide a stable, reliable foundation, while our new platforms serve as the primary engines for significant growth over the long-term. Early customer engagement and the quality of our initial orders for PRYMUS and PowerCore suggest that our strategy is aligned with the market’s trajectory. We are no longer just preparing for growth. We are responding to and taking active steps to capture market demand by investing in a robust pipeline of high-value deployments that we believe will drive significant long-term value for our shareholders." Fourth Quarter 2025 Financial Results Revenue Revenue for the three months ended December 31, 2025, was $5.6 million, a decrease of 42.3%, as compared to $9.8 million during the fourth quarter of last year, primarily due to a decrease in revenues from a large project-based shipments in the prior-year period with no comparable shipments in the current quarter. Gross Profit/Margin Gross profit for the fourth quarter of 2025 was $1.3 million, or a 23.5% gross margin, compared to gross profit of $2.8 million, or a 28.9% gross margin, for the same period in 2024. The decrease in gross profit was primarily attributable to a decrease in revenue. Operating Loss from Continuing Operations For the three months ended December 31, 2025, operating loss from continuing operations was $(1.1) million, unchanged from the same period in 2024. Net Loss from Continuing Operations The Company’s net loss from continuing operations was $(1.4) million for the three months ended December 31, 2025, as compared to net income from continuing operations of $759,000 for the same period in 2024. Net Loss Net loss was $(1.4) million, inclusive of loss from discontinued operations of $17,500, as compared to net income of $36.3 million, inclusive of income from discontinued operations of $35.5 million, for the same period last year. Full Year 2025 Financial Results from Continuing Operations Revenue Revenue for the year ended December 31, 2025, was $27.6 million, an increase of 20.8% as compared to $22.9 million for the year ended December 31, 2024. The increase in revenue is primarily due to an increase in sales and rentals of the Company’s suite of mobile EV charging solutions, e-Boost, partially offset by a decrease in service sales. Gross Profit/Margin Gross profit for 2025 was $3.4 million, or a 12.4% gross margin, compared to gross profit of $5.5 million, or a 24.1% gross margin, for the same period in 2024. The decrease in gross margin was primarily attributable to an unfavorable sales mix, in addition to a contract that generated lower margins on the initial e-Boost units due to higher costs incurred during the early stages of production as the Company refined its manufacturing processes and optimized build efficiency. Operating Loss from Continuing Operations Operating loss from continuing operations for the year ended December 31, 2025, was ($6.6) million as compared to ($5.2) million during the prior year. Net Loss from Continuing Operations Net loss from continuing operations for the year ended December 31, 2025, was ($6.4) million, as compared to ($3.3) million during the year ended December 31, 2024. During 2025, the Company recognized $35,000 of non-cash, stock-based compensation expense as compared to $1.1 million during the same period last year. Additionally, the Company recorded a loss from its equity method investment of $601,000 during 2025, as compared to no loss or income during the same period last year. Net Income (Loss) Net loss was $(6.0) million, inclusive of income from discontinued operations of $449,000, as compared to net income of $31.9 million, inclusive of income from discontinued operations of $35.2 million, for the year ended December 31, 2024. Balance Sheet As of December 31, 2025, the Company had $15.0 million of cash on hand and working capital of $20.7 million, compared to $41.6 million of cash on hand and working capital of $26.7 million as of December 31, 2024. The decrease in cash on hand is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million on January 7, 2025, and the payment of federal and state income taxes during the year ended December 31, 2025. The Company had no bank debt as of December 31, 2025. Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, depreciation and amortization expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com. e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions designed for speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with an extensive range of platforms. Utilized by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer’s e-Boost, please visit its website at www.pioneer-emobility.com. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) global events beyond our control, including war, public health crises, such as pandemics and epidemics, trade disputes, economic sanctions, trade wars and their collateral impacts and other international events, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. -- Tables Follow – View source version on businesswire.com: https://www.businesswire.com/news/home/20260407247644/en/ Contacts Brett Maas, Managing Partner Hayden IR (646) 536-7331 [email protected]

This article first appeared on GuruFocus. Revenue: $6.9 million for Q3 2025, a 7.4% increase year over year. Year-to-Date Revenue: $22 million, up 68% compared to the same period last year. Gross Profit: $640,000 for Q3 2025. Gross Margin: Approximately 9% for Q3 2025, down from 20% in Q3 2024. Operating Loss from Continuing Operations: $1.4 million for Q3 2025. Non-GAAP Operating Loss from Continuing Operations: $196,000 for Q3 2025. Net Loss from Continuing Operations: $1.8 million for Q3 2025. Cash on Hand: $17.3 million as of September 30, 2025. Working Capital: Approximately $22.8 million as of September 30, 2025. Full-Year 2025 Revenue Guidance: $27 million to $29 million, representing approximately 20% year-over-year growth. Warning! GuruFocus has detected 2 Warning Sign with PPSI. Is PPSI fairly valued? Test your thesis with our free DCF calculator. Release Date: November 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Pioneer Power Solutions Inc (NASDAQ:PPSI) reported a 7.4% year-over-year increase in third-quarter revenue, driven by increased service sales from its critical power business. The company completed a significant project for a school district, delivering 25 e-Boost units, highlighting its capability in fleet electrification. PPSI secured a $725,000 order from the City of Long Beach for a specialized off-grid EV charging system, showcasing its ability to deliver custom power solutions. The company is expanding into the distributed power market, with over $700,000 in product deliveries and $750,000 in new purchase orders in Q3. PPSI is launching a new product, PowerCore, which expands its addressable market to include residential, light commercial, and other sectors demanding reliable on-site power and EV charging. Pioneer Power Solutions Inc (NASDAQ:PPSI) experienced a decrease in gross profit, with a gross margin of approximately 9% compared to 20% in the same quarter last year, due to an unfavorable sales mix. The company reported an operating loss from continuing operations of $1.4 million, compared to a loss of $714,000 in the previous year. PPSI's net loss from continuing operations increased to $1.8 million from $738,000 in the third quarter of 2024. The company's cash on hand decreased significantly from $41.6 million at the end of 2024 to $17.3 million as of September 30, 2025, primarily due to a special cash dividend and tax payments. Despite the revenue growth, the company is facing challenges in maintaining its gross margins due to execution issues and sales mix. Q: Nathan, it looks like another strong quarter. How are you creating marketing awareness across the diverse segments you are now playing in? A: Nathan Mazurek, CEO: We've been expanding our focus to include various verticals, such as industrial and modular-edge-computing-type data centers. Our success in the third quarter indicates the need for a focused team to target these specific areas. Q: On the gross margin side, you attributed the softness this quarter to the sales mix. Do you expect some bounce back in the next quarter? A: Nathan Mazurek, CEO: Yes, we expect a bounce back. The unfavorable sales mix, particularly the last five units for the large school district, impacted margins. However, the fourth quarter mix is more favorable, and we anticipate improved margins. Q: Regarding the online retailer project, could you outline the scale of the opportunity in 2026? A: Nathan Mazurek, CEO: Currently, we are engaged in short-term rentals with them. Discussions are ongoing for a potential purchase of 5 to 20 units next year, moving from a rental to a purchase model. Q: Can you elaborate on the modular data center project and its ideal application? A: Geo Murickan, President of Pioneer E-Mobility: The data center market is moving towards AI compute applications, requiring smaller systems for testing AI compute loads. These systems need to be deployable within four to six months, addressing immediate needs in data centers and industrial sectors. Q: What are the strategic plans for the PowerCore product launch? A: Nathan Mazurek, CEO: PowerCore, rebranded from HOMe-Boost, will launch on December 17. It integrates natural gas power generation with fast DC charging, targeting residential, light commercial, and resilience-demanding markets. This product expands our market reach and is expected to drive growth in 2026 and beyond. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Image source: The Motley Fool. Thursday, November 13, 2025 at 4:30 p.m. ET Chairman and Chief Executive Officer — Nathan J. Mazurek Chief Financial Officer — Walter Michalec President, Distributed Power Solutions — Geo Murickan Need a quote from a Motley Fool analyst? Email [email protected] Nathan J. Mazurek: Thank you, Corbin. Good afternoon, everyone, and thank you for joining us today. The third quarter was a highly successful period for Pioneer Power Solutions, Inc., highlighted by key equipment deliveries, strong order momentum, and significant penetration into the distributed power space. These achievements, combined with a robust project pipeline and Pioneer's continuing investment in product development, position us to realize our full year 2025 growth objectives and position us for accelerated growth in 2026. For the third quarter, we generated revenue of $6.9 million, an increase of 7.4% year over year, driven primarily by an increase in service sales from our critical power business. Year to date, revenue reached $22 million, up 68% compared to the same nine-month period last year, driven primarily by demand for our eBoost mobile charging solutions. These results reflect our ongoing success in expanding our product scope, broadening our customer base, and capitalizing on large new vertical markets. Specifically, in the third quarter, we completed delivery of the last five eBoost units of a 25-unit order for a landmark school district project totaling $1.3 million. This project represents one of the largest school bus fleet electrification initiatives in the country and underscores our ability to deliver turnkey mobile charging solutions for heavy-duty, high-utilization electric vehicles. This milestone strengthens our position as a leader in fleet electrification and highlights the growing demand for mobile, high-capacity energy solutions in the public sector. In the broader fleet electrification market, we delivered our eBoost Mobile OpenFlex unit to the city of Portland. This 175-kilowatt multifunctional unit features a level three fast charger, multiple level two chargers, and a grid-tie transfer switch. Pioneer Power Solutions, Inc.'s ability to design and implement the power-dense, flexible mobile power system further solidifies our reputation as a trusted vendor of complex, resilient, distributed power. Also in Q3, we received a $725,000 order from the city of Long Beach, California, for an eBoost mobile stretch unit, a specialized 250-kilowatt off-grid EV charging system, which is scheduled to ship before year-end. Securing this project also highlights Pioneer Power Solutions, Inc.'s ability to craft custom, complicated, and value-driven power charging solutions. The last mile delivery market continues to represent strong demand for eBoost equipment. Following a successful pilot during the peak holiday shopping season last year, one of the world's largest online retailers placed a follow-up order for new eBoost units, which were delivered in the third quarter and indeed confirms the success of the initial pilot last year. Based on current discussions with this retailer, we expect additional eBoost units to be deployed at many depots and distribution centers in 2026. Also, shortly after quarter-end, our strategic partner, SparkCharge, placed an additional order for four new eBoost pure energy 275-kilowatt units, valued at $1.6 million, as part of a multiyear purchase plan reinforcing eBoost's critical role in supporting rideshare and autonomous vehicle electrification. These units are also expected to be delivered by year-end. More importantly, Q3 marks the actualization of Pioneer Power Solutions, Inc.'s two most impactful growth initiatives. First, our natural expansion into the distributed power market and second, the technical completion of our residential power/charging unit originally known as HomeBoost, now rebranded as PowerCore. Pioneer's expansion into the distributed power market was validated in Q3 with over $700,000 in product deliveries and an additional $750,000 in new purchase orders. The expertise gained in designing and integrating complex mobile power solutions with the original launch and evolution of the eBoost platform enabled us to smoothly transition to a pure custom distributed power suite of solutions. Indeed, Q3 deliveries of our distributed power solutions cut across a swath of verticals, including a large shopping center, a large condominium tower, and a solid waste processing facility. The new $750,000 distributed power order we received is from one of the largest fitness chains in the United States for a peak shaving application at its flagship facility. Together, these wins underscore the increasing demand across various sectors for fast deployable flexible power solutions. Building on this early success, we are expanding our focus to serve the broader distributed power market and are excited to introduce a pre-engineered scalable power block system designed to meet the increasing energy requirements of large data centers, industrials, universities, and hospitals. Our 1.25-megawatt natural gas-fired, resilient, and modular power solution is engineered to provide reliable, redundant, efficient power for critical needs and the new surge in demand for on-premise compute power needs. We anticipate launching this innovative system by the end of 2025, exponentially expanding our ability to address the overall distributed power space. Secondly, within the broadened product portfolio, our HomeBoost power unit product is being rebranded as PowerCore and is on track to launch later this year on December 15 and December 17 at a scheduled event hosted by Pioneer Power Solutions, Inc. at our Miami, Florida facility. We initially introduced HomeBoost as a residential product that seamlessly integrates distributed generation with EV charging. In its original form, HomeBoost offered homeowners the ability to combine prime power generation, natural gas or propane, with advanced fast EV charging and an automatic transfer switch to manage utility outages or go into island mode during extended grid outages. With the transition to the PowerCore branding, the solution is positioned as a scalable, always-on power platform that integrates natural gas power generation and, at the user's discretion, combines fast DC charging into a single system architecture. This elevated design is not just aimed at the residential segment, but indeed also at light commercial and other resilience-demanding markets, where continuous reliable on-site power and EV charging are critical but not easily available. This offering essentially provides the user with their own natural gas-powered power plant. We continue to receive positive feedback from early customer demonstrations, and we believe that PowerCore will be a key growth driver for Pioneer Power Solutions, Inc. in 2026 and beyond. PowerCore materially expands Pioneer Power Solutions, Inc.'s addressable market, moving us beyond large fleets and municipal deployments to permanent high-value installations that demand both power generation and/or high-capacity EV charging. This product represents the next chapter in our evolution toward providing fully resilient distributed power solutions. Finally, there are several countries around the world that are currently experiencing a high EV growth market supported by policies and incentives similar to US policies back in 2021. Pioneer Power Solutions, Inc. is actively engaging with several charging businesses in these thriving international EV markets through an eBoost franchise-type model where we are able to leverage our existing engineering and development expertise to help local partners achieve similar success. These strategic alliances will enable faster adoption of EVs in those markets and provide Pioneer Power Solutions, Inc. an additional stream of revenue from licensing, technology transfer, and revenue share models. In summary, the third quarter reflects both continued operational execution and important strategic progress. We are expanding our reach, diversifying our revenue mix, and strengthening our foundation for long-term growth. Based on the momentum we have built and our visibility into the pipeline, we are reaffirming our full year 2025 revenue guidance of $27 million to $29 million, representing approximately 20% year-over-year growth. With that, I'll turn the call over to Walter for a detailed review of our financial results. Walter Michalec: Thank you, Nathan, and good afternoon, everyone. Please be advised that we have included a non-GAAP financial measure of operating income or loss from continuing operations. This excludes corporate overhead expenses, research and development costs, depreciation and amortization expense, and nonrecurring professional fees. Please refer to our press release issued earlier today, November 13, 2025, for further information, including a reconciliation between GAAP and non-GAAP financial measures. The press release can be found on our website at pioneerpowersolutions.com/investors/newsroom. Such non-GAAP measures should not be used as a substitute or alternative to any measure of financial performance calculated and presented in accordance with US GAAP. Instead, we believe this non-GAAP measure should be used to supplement our financial measures derived in accordance with US GAAP in order to provide a more complete understanding of the trends affecting the business. Third quarter revenue was $6.9 million compared to $6.4 million in the year-ago quarter, an increase of approximately 7%. The increase was primarily due to an increase in service sales from our Critical Power Solutions business. Third quarter gross profit was $640,000 or a gross margin of approximately 9% compared to a gross profit of $1.5 million, a gross margin of approximately 20% in the third quarter of last year. The decrease in gross profit was primarily attributable to an unfavorable sales mix. During 2025, Pioneer Power Solutions, Inc. incurred an operating loss from continuing operations of $1.4 million compared to an operating loss from continuing operations of $714,000 in the third quarter of last year. Additionally, during 2025, Pioneer Power Solutions, Inc. incurred a non-GAAP operating loss from continuing operations of $196,000, which excludes corporate overhead expenses, R&D expense, depreciation and amortization, and nonrecurring professional fees, compared to a non-GAAP operating income from continuing operations of $865,000 for the same quarter in 2024. Net loss from continuing operations for 2025 was $1.8 million compared to a net loss from continuing operations of $738,000 during 2024. Taking a look at our balance sheet, as of September 30, 2025, we had cash on hand of $17.3 million, zero bank debt, and working capital of approximately $22.8 million, compared to $41.6 million of cash on hand, zero bank debt, and working capital of $26.7 million as of December 31, 2024. The cash on hand as of September 30, 2025, represents cash per share of approximately $1.56. The decrease in our cash on hand compared to the prior year-end is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million in January and the payment of federal and state income taxes totaling approximately $4 million during the second quarter. Today, we are reaffirming our guidance for revenue of $27 million to $29 million for the full year of 2025, which represents year-over-year growth of approximately 20%. This concludes my remarks, and I will now turn the call back over to Nathan. Nathan J. Mazurek: Operator, you can open the lines for questions. Operator: Thank you very much. At this time, we will conduct a question and answer session. If you would like to ask a question, please press star and then one on your telephone keypad. The confirmation tone will indicate your line is in the question queue. You may press star and then 2 if you would like to remove your question from the queue. Please limit your questions to one question and one follow-up question. For participants using speaker equipment, it may be necessary for you to pick up your handset before pressing the star key. One moment, please, while we poll for questions. The first question comes from Amit Dayal from H.C. Wainwright. Please proceed with your questions, Amit. Amit Dayal: Thank you. Good afternoon, everyone. Thank you for taking my questions. Nathan, looks like another strong quarter. You know, what's interesting is your end markets are getting increasingly diverse. I'm just wondering, you know, how you are creating your marketing awareness to reach across, you know, multiple segments that you are now playing in? Nathan J. Mazurek: So excellent question. So, I mean, we started turning our attention to it because so many of the applications that we've been working on end up, you know, the heart of the expertise is really delivering this power. Adding a charger is an expertise or a series of chargers. But not as complicated all the time. To date, we've been doing it almost in a haphazard way. People either it's you know, we're being recommended from others based on other projects that we've done, or the same contractor or the same engineering firm. And then we had some significant success already in the third quarter. Which really means that we need to put together a very, very focused team to focus on certain verticals. And that's what we plan on doing. One on the industrial side, and the other really focused on the on the larger modular edge computing type data center, where a 1.4 power block under the right circumstances that's quickly deployable you know, we should be benefiting from and offering some sort of a value proposition there. Amit Dayal: Interesting. Thank you for that, Nathan. Then just one on the gross margin side. You attributed the softness this quarter to the sales mix. Do you expect some bounce back in the next quarter? Nathan J. Mazurek: Yeah. So, I mean, we you know, we're already experiencing it, but, yes, we expect a bounce back. And you're right. You know, the issue was the gross margin. The last five units for the for the large school district that we did were not good. Not good for us even below what we'd experienced earlier in the year for whatever those reasons were. And it's not important to discuss openly here. But that hurt. City of Portland did achieve more or less the margins that we had set out for it, a little bit less against some execution issue, but overall okay, but not enough to command gross margins that we did the other quarter. Fourth quarter, the mix is much more favorable to us. And we expect them to bounce back. Amit Dayal: Okay. Thank you, Nathan. I'll get back in queue. Operator: Thank you. Ladies and gentlemen, just a reminder, if you'd like to ask a question, please press star and then 1. If you'd like to ask a question, please press star and then 1. The next question comes from Rob Brown from Lake Street Capital. Please proceed with your questions, Rob. Rob Brown: Good afternoon. Hey, Rob. Nathan J. Mazurek: Hi. My first question is on the online retailer project and the expansion there. You talked sort of some opportunity in 2026. Could you kind of outline the scale of that relative to sort of what you've done or maybe the planning steps that need to happen here and how that might look next year? Nathan J. Mazurek: Yeah. I mean, to date, what we've been doing with them is short term rentals. You know, we did a short term, a ninety day rental last year at the end of the year for the holiday period to help them with that and let them sort of prove it out under the more intense part of their year. This year, it's it's it's a six month rental, so the revenue is relatively small. And the discussions are, you know, pending, again, that these units work as we plan as the initial one did. They're talking about probably five to 20 units next year from a for a purchase. Rob Brown: Okay. And she's moving from rental to a purchase model. Nathan J. Mazurek: Yeah. So okay. Great. Great. And then on the on the on the modular sort of data center project, you talked a little bit about here. But that's how do you kinda see that opportunity? What's sort of the ideal application there? And I guess, sort of that larger megawatt unit is I assume, a fairly large, ASP on that, but you can give a sense sort of the range of what those units, sell for? Nathan J. Mazurek: Yeah. So we're gonna do a formal kind of unveiling of this before the end of the year. You know, with the with the team around it and its own sort of cache. But I'll let Geo give you a little I don't know. Give Rob a little you know, a concise teasing view of it now, if you can, for in ninety seconds. Geo Murickan: Yeah. Thank you, Nathan. Rob, so the what we have in the market engagement we've done we have seen in the data center market, the move to AI compute applications And one of the more immediate needs has been the need to test the AI compute loads because they are they have a very variant use compared to normal cloud compute load the data centers have today. So in order to test these, they need a lot of smaller systems on data center premises. That are behind the meter powered and can be actuated in a four to six months time frame. In order for them to scale and plan for the bigger data center cycles. Beyond that, there are also industrials who are adding critical power applications across different retail sectors. So those are some of the markets that we are addressing in the next one to three years. Rob Brown: Okay. Excellent. Thank you. I'll turn it over. Operator: Thank you so much. Ladies and gentlemen, we have reached the end of the question and answer session. And now I'd like to turn the call back to Nathan J. Mazurek for closing remarks. Thank you, sir. Nathan J. Mazurek: Thank you, Claudia. This quarter's results reflect strong execution and meaningful progress in expanding into new markets including distributed power. With a robust pipeline, strategic product launches like PowerCore, and continued operational momentum, we are well positioned to drive growth and achieve our full year 2025 objectives. Thank you for your continued support. We look forward to updating you on our next earnings call. Operator: Thank you very much. Ladies and gentlemen, that does conclude today's call. Thank you very much for joining us. You may now disconnect your lines. Ever feel like you missed the boat in buying the most successful stocks? Then you’ll want to hear this. On rare occasions, our expert team of analysts issues a “Double Down” stock recommendation for companies that they think are about to pop. If you’re worried you’ve already missed your chance to invest, now is the best time to buy before it’s too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you’d have $502,636!* Apple: if you invested $1,000 when we doubled down in 2008, you’d have $52,025!* Netflix: if you invested $1,000 when we doubled down in 2004, you’d have $624,230!* Right now, we’re issuing “Double Down” alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of November 10, 2025 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Pioneer Power (PPSI) Q3 2025 Earnings Transcript was originally published by The Motley Fool

Year-to-Date Revenue of $22.0 Million, up 68% Reaffirms Full-Year 2025 Revenue Guidance of $27 Million to $29 Million FORT LEE, N.J., November 13, 2025--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced its financial results for the third quarter ended September 30, 2025. The Company also announced that management is reaffirming revenue guidance for the full year 2025 of $27 to $29 million, which represents year-over-year growth of approximately 20%. Q3 2025 Financial Highlights Revenue was $6.9 million, compared to $6.4 million for the same quarter in 2024, an increase of $472,000, or 7.4%. Gross profit was $640,000, or a gross margin of 9.3%, as compared to $1.5 million, or a gross margin of 23.7%, for the same quarter in 2024, a decrease of $882,000, or 58.0%. Operating loss from continuing operations was $(1.4) million, as compared to $(714,000) for the same quarter in 2024. Non–GAAP operating loss* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $(196,000), as compared to non-GAAP operating income from continuing operations of $865,000 for the same quarter in 2024. Received a $981,000 cash dividend from the Voltaris Power LLC business. The distribution was recorded as a reduction in the Company’s investment account on the balance sheet and not as investment income on the statement of operations. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance. Key Deployments and Project Execution Highlights School Bus Electrification: Completed final delivery of five units for a landmark school district project, totaling $1.3 million, solidifying e-Boost's presence in large-scale educational electrification. Fleet Electrification: Delivered e-Boost Mobile ‘Open Flex’ to the City of Portland under a $1.2 million contract, showcasing high-density, flexible, multi-functional mobile power solutions. Received a $725,000 order from the City of Long Beach for e-Boost Mobile ‘Stretch’ featuring 250 kW of Level 3 off-grid EV charging, scheduled to ship before the end of 2025. Order Momentum & Market Penetration Last Mile Delivery: Following a successful pilot with one of the world’s largest online retailers, the Company delivered an additional e-Boost unit to the same retailer, and based on the customer’s current business plan, Pioneer expects the online retailer to expand the e-Boost platform across multiple depots and distribution centers throughout the U.S. and Canada in 2026. Charging-as-a-Service (CaaS) Growth: Received order from SparkCharge, Inc. for four (4) new e-Boost PureEnergy 275 kW units valued at $1.6 million as part of a multi-year purchase plan, further expanding e-Boost’s role in rideshare and autonomous vehicle electrification. Additional Verticals: Delivered first propane-powered dispenser unit to one of the largest U.S. propane marketers, opening a new distribution channel. Also, partnered to deploy a mobile microgrid solution for a cutting-edge rocket launching facility with an e-Boost Mobile – PurePower 250 kVA natural gas-fueled unit, seamlessly integrating with mobile battery storage (mBESS) to ensure resilient, non-interruptible power support for mission-critical rocket launch site. Expansion to Distributed Energy with Key Wins Major Fitness Club Order: Secured a high-capacity system order from one of the largest U.S. fitness chains for delivery in the first quarter of 2026, expanding the Pioneer eMobility business and mission-critical power convergence. Multiple Project Wins: Delivered over $700,000 in high-capacity kilowatt systems to four (4) customers in Florida spanning both commercial and industrial markets, reflecting early market traction and signaling continued strong demand. "The third quarter was a defining period for Pioneer," said Nathan Mazurek, CEO of Pioneer. "Our revenue growth and key wins across fleet, school and distributed energy markets underscore the strength of our strategy and execution. Demand for our e-Boost platform is accelerating as electrification scales across multiple sectors, while our upcoming soft launch of PowerCore, our next-generation home power system, marks an exciting step in bringing our technology directly to consumers. Together, these milestones confirm our evolution into a diversified energy solutions provider. With strong operational momentum, disciplined investment and a robust pipeline heading into 2026, we remain confident in our path toward accelerated growth and the achievement of our full-year 2025 objectives." Third Quarter 2025 Financial Results Revenue Revenue for the three months ended September 30, 2025, was $6.9 million, an increase of 7.4%, as compared to $6.4 million during the third quarter of last year primarily due to an increase in service sales from the Company’s Critical Power Solutions segment. Gross Profit/Margin Gross profit for the third quarter of 2025 was $640,000, or a 9.3% gross margin, compared to gross profit of $1.5 million, or a 23.7% gross margin, for the same period in 2024. The decrease in gross profit was primarily attributable to an unfavorable sales mix. Operating Loss from Continuing Operations For the three months ended September 30, 2025, operating loss from continuing operations was $(1.4) million as compared to $(714,000) for the same period in 2024. Net Loss from Continuing Operations The Company’s net loss from continuing operations was $(1.8) million for the three months ended September 30, 2025, as compared to $(738,000) for the same period in 2024. Net Loss Net loss was $(2.4) million, inclusive of a loss from discontinued operations of $(580,000) as compared to $(1.1) million, inclusive of a loss from discontinued operations of $(383,000), for the same period last year. Balance Sheet As of September 30, 2025, the Company had $17.3 million of cash on hand and working capital of $22.8 million, compared to $41.6 million of cash on hand and working capital of $26.7 million as of December 31, 2024. The decrease in cash on hand is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million on January 7, 2025, and the payment of federal and state income taxes during the nine months ended September 30, 2025. The Company had no bank debt as of September 30, 2025. 2025 Outlook Management reiterates 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 PowerCore, formerly HOMe-Boost, solution. The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management’s current expectations for the Company’s 2025 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company’s expectations as set forth herein. See "Forward-Looking Statements." In preparing the above outlook, the Company assumed, among other things, (i) that the Company’s backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See "Forward-Looking Statements." Earnings Conference Call: Management will host a conference call Thursday, November 13, 2025, at 4:30 p.m. Eastern Time to discuss Pioneer’s 2025 third quarter financial results with the investment community. Anyone interested in participating should call 1-877-407-0789 if calling within the United States or 1-201-689-8562 if calling internationally. When asked, please reference confirmation code 13757101. A replay will be available until November 20, 2025, which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 13757101 to access the replay. The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1742234&tp_key=66bb728f23. Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com. e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions that is revolutionizing the industry with its speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with unparalleled lead times and an extensive range of platforms. Trusted by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer’s e-Boost, please visit its website at www.pioneer-emobility.com. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20251113643529/en/ Contacts Brett Maas, Managing Partner Hayden IR (646) 536-7331 [email protected]

FORT LEE, N.J., November 05, 2025--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced that management will host a conference call on Thursday, November 13, 2025 at 4:30 p.m. Eastern Time to discuss Pioneer’s 2025 third quarter financial results with the investment community. The company will release results for the third quarter ended September 30, 2025 on Thursday, November 13, 2025, after the markets close. Anyone interested in participating should call 1-877-407-0789 if calling within the United States or 1-201-689-8562 if calling internationally. When asked, please reference confirmation code 13757101. A replay will be available until November 20, 2025, which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 13757101 to access the replay. The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1742234&tp_key=66bb728f23. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration and service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com . e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions that is revolutionizing the industry with its speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with unparalleled lead times and an extensive range of platforms. Trusted by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. To learn more about Pioneer's e-Boost, please visit its website at www.pioneer-emobility.com . View source version on businesswire.com: https://www.businesswire.com/news/home/20251105737510/en/ Contacts Brett Maas, Managing Partner Hayden IR (646) 536-7331 [email protected]

Q2 Revenue of $8.4 Million; First-Half 2025 Revenue Grows 125% to $15.1 Million Reaffirms Full-Year 2025 Revenue Guidance of $27 Million to $29 Million FORT LEE, N.J., August 14, 2025--(BUSINESS WIRE)--Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a leader in the design, manufacture, service and integration of distributed energy resources, power generation equipment and mobile electric vehicle ("EV") charging solutions, today announced its financial results for the second quarter ended June 30, 2025. The Company also announced that management is reaffirming revenue guidance for the full year 2025 of $27 to $29 million, which represents year-over-year growth of approximately 20%. Q2 2025 Financial Highlights Revenue was $8.4 million, compared to $3.4 million for the same quarter in 2024, an increase of $5.0 million, or 147%. Gross profit was $1.3 million, or a gross margin of 15.7%, as compared to $641,000, or a gross margin of 18.9%, for the same quarter in 2024, an increase of $673,000, or 105%. Operating loss from continuing operations was $(1.7) million, as compared to $(1.7) million for the same quarter in 2024. Non–GAAP operating income* from continuing operations, which excludes corporate overhead expenses, research and development expenses, depreciation and amortization expenses and non-recurring professional fees, was $218,000, as compared to a non-GAAP operating loss from continuing operations of $(137,000) for the same quarter in 2024, a year-over-year improvement of $355,000. *A reconciliation between GAAP and non-GAAP measures is provided below. The non-GAAP measures should not be considered an alternative to GAAP measures as an indicator of the Company’s operating performance. "The second quarter was an excellent quarter for Pioneer," exclaimed Nathan Mazurek, Chairman and CEO of the Company. "Revenue increased 147% year-over-year to $8.4 million, driven by the completion of several high-value orders. Gross profit more than doubled, and gross margin reached 16% of revenue, reflecting continued progress toward long-term profitability. "During the quarter, we secured a watershed multi-year e-Boost award valued at up to $10 million in partnership with one of the largest Charging-as-a-Service (CaaS) providers in the United States. This award was the natural outgrowth of strong product collaboration with the customer and growing national demand for mobile, clean and rapidly deployable EV charging solutions. "Demand for Pioneer’s solutions remains strong, driven by targeted marketing and sales efforts focused on segments actively investing in electrification. We are engaging directly with state and local fleet operators, school districts, key robotaxi service providers and other organizations that are not just planning for an electric future but deploying capital to make it real. Our mobile charging solutions are built to serve these high-need, high-growth areas, positioning us to play a critical role as these markets scale." Second Quarter 2025 Financial Results Revenue Revenue for the three months ended June 30, 2025, was $8.4 million, an increase of 147%, as compared to $3.4 million during the second quarter of last year primarily due to an increase in sales and rentals of the Company’s suite of mobile EV charging solutions, e-Boost. Gross Profit/Margin Gross profit for the second quarter of 2025 was $1.3 million, or a 15.7% gross margin, compared to gross profit of $641,000, or an 18.9% gross margin, for the same period in 2024. The increase in gross profit was primarily attributable to the significant increase in sales and rentals of the Company’s equipment. Operating Loss from Continuing Operations For the three months ended June 30, 2025, operating loss from continuing operations was $(1.7) million as compared to $(1.7) million during the second quarter of 2024. Net Loss from Continuing Operations The Company’s net loss from continuing operations was $(1.2) million for the three months ended June 30, 2025, as compared to $(1.7) million during the three months ended June 30, 2024, an improvement of $0.5 million. Net Loss Net loss was $(1.3) million, inclusive of a loss from discontinued operations of $(100,000), as compared to a net loss of $(2.3) million, inclusive of a loss from discontinued operations of $(568,000), in the second quarter of last year. Balance Sheet As of June 30, 2025, the Company had $18.0 million of cash on hand and working capital of $23.9 million, compared to $41.6 million of cash on hand and working capital of $26.7 million as of December 31, 2024. The decrease in cash on hand is primarily due to the payment of a one-time special cash dividend of an aggregate of $16.7 million on January 7, 2025, as well as the payment of federal and state income taxes during the three months ended June 30, 2025. The Company had no bank debt as of June 30, 2025. 2025 Outlook Management reiterates 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. The foregoing projected outlook constitutes forward-looking information and is intended to provide information about management’s current expectations for the Company’s 2025 fiscal year. Although considered reasonable as of the date hereof, this outlook, and the underlying assumptions may prove to be inaccurate. Accordingly, actual results could differ materially from the Company’s expectations as set forth herein. See "Forward-Looking Statements." In preparing the above outlook, the Company assumed, among other things, (i) that the Company’s backlog orders will translate into revenue, (ii) that the Company will be able to satisfactorily complete and deliver all orders and (iii) the timely payment by customers for all billings. This section includes forward-looking statements. See "Forward-Looking Statements." Earnings Conference Call: Management will host a conference call Thursday, August 14, 2025, at 4:30 p.m. Eastern Time to discuss Pioneer’s 2025 second quarter financial results with the investment community. Anyone interested in participating should call 1-877-407-0789 if calling within the United States or 1-201-689-8562 if calling internationally. When asked, please reference confirmation code 13755251. A replay will be available until August 21, 2025, which can be accessed by dialing 1-844-512-2921 if calling within the United States or 1-412-317-6671 if calling internationally. Please use passcode 13755251 to access the replay. The call will also be accompanied live by webcast over the Internet and accessible at https://viavid.webcasts.com/starthere.jsp?ei=1729486&tp_key=b546ab240d. Non-GAAP Measures In addition to disclosing financial results in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP"), this document references certain non-GAAP financial measures. The Company defines non-GAAP operating income (loss) from continuing operations as GAAP operating income (loss) from continuing operations excluding corporate overhead expenses, research and development expenses, and non-recurring professional fees. We believe these non-GAAP financial measures provide investors with useful supplemental information about our operating performance and enable comparison of financial trends and results between periods where certain items may vary, independent of business performance. The Company’s management uses non-GAAP operating income (loss) from continuing operations (a) as a measure of operating performance, (b) for planning and forecasting in future periods, and (c) in communications with the Company’s board of directors concerning the Company’s financial performance. The Company’s presentation of this non-GAAP measure is not necessarily comparable to other similarly titled captions of other companies due to different methods of calculation and should not be used by investors as a substitute or alternative to any measure of financial performance calculated and presented in accordance with U.S. GAAP. Instead, management believes this non-GAAP measure should be used to supplement the Company’s financial measures derived in accordance with U.S. GAAP in order to provide a more complete understanding of the trends affecting the business. Please refer to "Reconciliation of Non-GAAP Measures" in this document for a detailed explanation of the adjustments made to the comparable U.S. GAAP measures. About Pioneer Power Solutions, Inc. Pioneer Power Solutions, Inc. is a leader in the design, manufacture, integration, service of distributed energy resources, power generation equipment and mobile electric charging solutions for applications in the utility, industrial and commercial markets. To learn more about Pioneer, please visit its website at www.pioneerpowersolutions.com. e-Boost is Pioneer’s portfolio of smart, mobile EV charging solutions that is revolutionizing the industry with its speed, flexibility, and sustainability. Since its launch in November 2021, e-Boost has established itself as the market leader, delivering mobile, off-grid charging solutions with unparalleled lead times and an extensive range of platforms. Trusted by electric bus and truck manufacturers, fleet management companies, municipalities, and EV infrastructure providers, e-Boost is setting the standard for innovative, all-inclusive EV charging solutions. Forward-Looking Statements: This press release contains "forward-looking statements" within the meaning of the federal securities laws. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) the Company’s ability to successfully operate its business after the divestiture of its E-Bloc business, (ii) the Company’s ability to successfully increase its revenue and profit in the future, (iii) general economic conditions and their effect on demand for electrical equipment, (iv) the effects of fluctuations in the Company’s operating results, (v) the fact that many of the Company’s competitors are better established and have significantly greater resources than the Company, (vi) the Company’s dependence on two customers for a large portion of its business, (vii) the potential loss or departure of key personnel, (viii) unanticipated increases in raw material prices or disruptions in supply, (ix) the Company’s ability to realize revenue reported in the Company’s backlog, (x) future labor disputes, (xi) changes in government regulations, (xii) the liquidity and trading volume of the Company’s common stock, (xiii) an outbreak of disease, epidemic or pandemic, such as the global coronavirus pandemic, or fear of such an event, (xiv) risks associated with litigation and claims, which could impact our financial results and condition, and (xv) the Company’s ability to maintain compliance with the continued listing requirements of the Nasdaq Capital Market. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the U.S. Securities and Exchange Commission ("SEC"), including the Company’s Annual and Quarterly Reports on Form 10-K and Form 10-Q, respectively. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20250814917258/en/ Contacts Brett Maas, Managing Partner Hayden IR (646) 536-7331 [email protected]