Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $99.6M | $114M | $20.1M | $20.6M | $19.5M | $18.3M | $25.9M | $11.1M | $22.9M | $27.6M |
| Revenue growth | — | 14.8% | -82.4% | 2.3% | -5.3% | -6.0% | 41.3% | -57.0% | 105.8% | 20.8% |
| Gross profit | $22.1M | $17.7M | $1.89M | $1.17M | $881K | $1.39M | $2.83M | $2.23M | $5.51M | $3.43M |
| Gross margin | 22.2% | 15.5% | 9.4% | 5.7% | 4.5% | 7.6% | 10.9% | 20.0% | 24.1% | 12.4% |
| Operating income | $3.56M | -$3.31M | -$9.13M | -$11.8M | -$4.28M | -$3.86M | -$5.81M | -$7.04M | -$5.25M | -$6.59M |
| Operating margin | 3.6% | -2.9% | -45.3% | -57.1% | -22.0% | -21.1% | -22.5% | -63.3% | -22.9% | -23.9% |
| Net income | -$1.06M | -$9.22M | -$5.66M | -$1.03M | -$2.99M | -$2.17M | -$5.42M | -$1.90M | $31.9M | -$6.00M |
| Net margin | -1.1% | -8.1% | -28.1% | -5.0% | -15.3% | -11.8% | -20.9% | -17.1% | 139.2% | -21.7% |
| EPS (diluted) | -$0.12 | -$1.06 | -$0.65 | -$0.12 | -$0.34 | -$0.24 | -$0.56 | -$0.20 | $2.90 | -$0.54 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$9.46M | $1.70M | $2.15M | -$5.57M | -$3.61M | -$3.19M | -$5.77M | -$3.90M | -$6.21M | -$5.82M |
| Capital expenditures | $668K | $1.45M | $589K | $153K | — | $237K | $1.51M | $2.50M | $3.76M | $2.68M |
| Free cash flow | -$10.1M | $250K | $1.56M | -$5.73M | — | -$3.43M | -$7.28M | -$6.39M | -$9.97M | -$8.49M |
| Dividends paid | — | — | — | — | — | $1.05M | — | — | — | $16.7M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $246K | $218K | $211K | $8.21M | $7.57M | $11.7M | $10.3M | $3.58M | $41.6M | — |
| Total assets | $77.4M | $74.3M | $72.5M | $28.5M | $21.3M | $27.9M | $32.9M | $33.0M | $66.0M | $35.5M |
| Total liabilities | $51.2M | $56.7M | $60.6M | $11.6M | $7.43M | $8.38M | $15.8M | $18.8M | $30.5M | $6.14M |
| Long-term debt | $4.00M | $4.15M | $2.62M | — | $633K | — | — | — | — | — |
| Shareholders' equity | $26.2M | $17.5M | $12.0M | $16.8M | $13.9M | $19.6M | $15.2M | $14.2M | $35.4M | $29.3M |
| Retained earnings | $8.84M | -$463K | -$6.13M | -$7.16M | -$10.1M | -$12.3M | -$14.9M | -$19.6M | — | -$6.00M |
| Shares (wtd avg diluted) | 8.70M | 8.72M | 8.73M | 8.73M | 8.73M | 8.86M | 9.73M | 10.1M | 11.0M | 11.2M |
Every figure is extracted from PIONEER POWER SOLUTIONS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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