Pioneer Power Solutions, Inc., together with its subsidiaries, designs, manufactures, sells, and services electric power systems, distributed energy resources, used and new power generation equipment, and mobile EV charging solutions in the United States, Canada, and internationally. The company operates in two segments, Transmission & Distribution Solutions and Critical Power Solutions. The Transmission & Distribution Solutions segment provides electric power systems, including e-Bloc, and distributed energy resources that help customers effectively and efficiently protect, control, transfer, monitor, and manage their electric energy requirements. It also provides low voltage switchgears and transfer switches. The Critical Power Solutions segment provides new and used power generation equipment, and aftermarket field-services to ensure smooth and uninterrupted power to operations during times of emergency. The company serves utility, industrial, commercial, and backup power markets. The company was incorporated in 2008 and is headquartered in Fort Lee, New Jersey. Pioneer Power Solutions, Inc. is a subsidiary of Provident Pioneer Partners, L.P.
Revenue of Pioneer Power Solutions, Inc. (PPSI)
Revenue in 2023 (TTM): $41.49 M
According to Pioneer Power Solutions, Inc.'s latest financial reports the company's current revenue (TTM) is $41.49 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of Pioneer Power Solutions, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $41.49 M | $8.35 M | $-1,243,000 | $-1,898,000 | $-1,898,000 |
| 2022 | $27 M | $4.61 M | $-4,681,000 | $-3,631,000 | $-3,638,000 |
| 2021 | $18.31 M | $1.39 M | $-3,424,000 | $-2,183,000 | $-2,167,000 |
| 2020 | $19.49 M | $881 K | $-3,820,000 | $-2,981,000 | $-2,986,000 |
| 2019 | $20.58 M | $1.17 M | $-10,642,000 | $-10,759,000 | $-12,037,000 |
| 2018 | $106.39 M | $19.25 M | $-5,885,000 | $-5,361,000 | $-5,664,000 |
| 2017 | $101.39 M | $19.99 M | $-130,000 | $857 K | $-9,344,000 |
| 2016 | $114.4 M | $24.9 M | $6.94 M | $572 K | $-569,000 |
| 2015 | $106.52 M | $21.11 M | $-4,676,000 | $-8,583,000 | $-5,881,000 |
| 2014 | $92.19 M | $18.17 M | $2.44 M | $255 K | $-268,000 |
| 2013 | $88.16 M | $21.77 M | $8.26 M | $5.95 M | $5.27 M |
| 2012 | $83.96 M | $18.94 M | $7.39 M | $4.92 M | $2.99 M |
| 2011 | $68.79 M | $15.98 M | $4.98 M | $3.24 M | $-60,000 |
| 2010 | $47.24 M | $11.6 M | $4.22 M | $3.27 M | $2.95 M |
| 2009 | $40.6 M | $11.86 M | $8.08 M | $7.61 M | $5.12 M |
| 2008 | $ | $ | $-3,500 | $ | $-3,500 |