Pioneer Power (PPSI) Misses Q4 EPS by 16c, Miss on Revenues

Note: EPS may not be comparable

Pioneer Power (NASDAQ: PPSI) reported Q4 EPS of $0.05, $0.16 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $23.6 million versus the consensus estimate of $33.6 million.

Fourth Quarter 2017 Results and Recent Business Highlights from Continuing Operations:

• Revenue of $23.6 million, down 4.4% compared to $24.6 million in Q4 2016
• Gross margin of 15.3% compared to 23.7% in Q4 2016
• Net loss of $4.5 million compared to a net loss from continuing operations of $177,000 in Q4 2016
• Adjusted EBITDA* $595,000 compared to $2.6 million in Q4 2016
• Awarded a five-year contract to provide network transformers to a regional, regulated electric and natural gas utility

For earnings history and earnings-related data on Pioneer Power (PPSI) click here.

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