Pioneer Power (PPSI) Misses Q4 EPS by 10c

Pioneer Power (NASDAQ: PPSI) reported Q4 EPS of ($0.16), $0.10 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $3.5 million versus the consensus estimate of $5.97 million.

As of December 31, 2021, the company had $11.7 million in cash, including restricted cash, compared to $7.6 million as of December 31, 2020. During the fourth quarter, the company sold 888,500 shares of common stock under the ATM Program at an average price of $10.13 per share for net proceeds of approximately $8.7 million.

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

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