Pioneer Power Solutions (PPSI) Revenue & Revenue Breakdown

Overview ForecastOwnership Financials Chart Transcripts

Pioneer Power Solutions Revenue Highlights

Latest Revenue (Y)

$40.80M

Latest Revenue (Q)

$6.34M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

Pioneer Power Solutions Revenue by Period

Pioneer Power Solutions Revenue by Year

Date	Revenue	Change
2023-12-31	$40.80M	51.11%
2022-12-31	$27.00M	47.45%
2021-12-31	$18.31M	-6.05%
2020-12-31	$19.49M	-5.31%
2019-12-31	$20.58M	-80.65%
2018-12-31	$106.39M	4.93%
2017-12-31	$101.39M	-11.37%
2016-12-31	$114.40M	7.40%
2015-12-31	$106.52M	15.54%
2014-12-31	$92.19M	4.57%
2013-12-31	$88.16M	5.00%
2012-12-31	$83.96M	22.05%
2011-12-31	$68.79M	45.63%
2010-12-31	$47.24M	16.35%
2009-12-31	$40.60M	100.00%
2008-09-30	-	-

Pioneer Power Solutions generated $40.80M in revenue during NA 2023, up 51.11% compared to the previous quarter, and up 38.35% compared to the same period a year ago.

Pioneer Power Solutions Revenue by Quarter

Date	Revenue	Change
2024-06-30	$6.34M	-26.19%
2024-03-31	$8.59M	2.10%
2023-12-31	$8.41M	-32.39%
2023-09-30	$12.44M	2.58%
2023-06-30	$12.13M	42.59%
2023-03-31	$8.51M	-10.68%
2022-12-31	$9.52M	52.36%
2022-09-30	$6.25M	45.74%
2022-06-30	$4.29M	-28.94%
2022-03-31	$6.04M	72.56%
2021-12-31	$3.50M	-38.47%
2021-09-30	$5.68M	1.07%
2021-06-30	$5.63M	60.62%
2021-03-31	$3.50M	-34.57%
2020-12-31	$5.35M	32.12%
2020-09-30	$4.05M	-20.37%
2020-06-30	$5.09M	1.72%
2020-03-31	$5.00M	-24.63%
2019-12-31	$6.63M	19.14%
2019-09-30	$5.57M	3.90%
2019-06-30	$5.36M	-78.30%
2019-03-31	$24.70M	-23.69%
2018-12-31	$32.37M	24.70%
2018-09-30	$25.96M	5.54%
2018-06-30	$24.59M	4.76%
2018-03-31	$23.48M	-0.34%
2017-12-31	$23.55M	-20.94%
2017-09-30	$29.79M	-3.57%
2017-06-30	$30.90M	13.33%
2017-03-31	$27.26M	-4.39%
2016-12-31	$28.51M	-2.98%
2016-09-30	$29.39M	-1.81%
2016-06-30	$29.93M	12.65%
2016-03-31	$26.57M	1.22%
2015-12-31	$26.25M	5.32%
2015-09-30	$24.92M	-5.80%
2015-06-30	$26.46M	-8.40%
2015-03-31	$28.89M	19.75%
2014-12-31	$24.12M	-7.61%
2014-09-30	$26.11M	23.96%
2014-06-30	$21.06M	0.82%
2014-03-31	$20.89M	-1.30%
2013-12-31	$21.17M	-5.69%
2013-09-30	$22.45M	2.06%
2013-06-30	$22.00M	-2.47%
2013-03-31	$22.55M	-0.21%
2012-12-31	$22.60M	17.54%
2012-09-30	$19.23M	-11.89%
2012-06-30	$21.82M	7.40%
2012-03-31	$20.32M	8.50%
2011-12-31	$18.73M	4.45%
2011-09-30	$17.93M	9.23%
2011-06-30	$16.41M	4.36%
2011-03-31	$15.73M	22.59%
2010-12-31	$12.83M	-7.09%
2010-09-30	$13.81M	11.80%
2010-06-30	$12.35M	49.68%
2010-03-31	$8.25M	100.00%
2009-09-30	-	100.00%
2009-06-30	-	100.00%
2009-03-31	-	100.00%
2008-12-31	-	-

Pioneer Power Solutions generated $6.34M in revenue during Q2 2024, up -26.19% compared to the previous quarter, and up 74.53% compared to the same period a year ago.

Pioneer Power Solutions Revenue Breakdown

Pioneer Power Solutions Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Product	$33.72M	$19.61M	-	-	-
Service	$7.78M	-	-	-	-
T & D Solutions	-	-	$9.48M	-	-
Critical Power Segment	-	-	$8.83M	-	-
Services	-	-	-	$7.66M	-
Products	-	-	-	$11.83M	$10.40M
Class Of Warrant Or Right Expiration Date Range End	-	-	-	-	$10.18M

Pioneer Power Solutions's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (81.25%), and Service (18.75%).

Quarterly Revenue by Product

Product/Service	Sep 24	Jun 24	Mar 24	Dec 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Service	$2.46M	$2.23M	$1.99M	$3.79M	$1.89M	$2.10M	$2.00M	$2.10M	$1.87M	-	-	-	-	-	-	-	-	-	-	-
Product	$8.46M	$4.11M	$6.60M	$17.03M	$10.24M	$6.45M	$7.58M	$4.20M	$3.75M	-	-	-	-	-	-	-	-	-	-	-
Critical Power Segment	-	-	-	-	-	-	-	-	$2.32M	$2.64M	$1.99M	$2.69M	$2.46M	$4.06M	-	-	-	-	-	-
T & D Solutions	-	-	-	-	-	-	-	-	$1.97M	$3.40M	$1.50M	$3.00M	-	-	-	-	-	-	-	-
Products	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.91M	$1.92M	$3.21M	$3.13M	$2.90M	-	-
Services	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.59M	$2.13M	$1.88M	$1.87M	$2.67M	-	-
T&D Solutions	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$2.89M	$2.58M	-	-	-	-

Pioneer Power Solutions's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (77.50%), and Service (22.50%).

Pioneer Power Solutions Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
UNITED STATES	$41.49M	$27.00M	$18.31M	-	-
United States	-	-	-	$19.49M	$20.58M

Pioneer Power Solutions's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (100.00%).

Quarterly Revenue by Country

Country	Sep 24	Jun 24	Mar 24	Dec 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Jun 20	Mar 20	Dec 19	Sep 19	Jun 19	Mar 19	Sep 18
UNITED STATES	$10.91M	$6.34M	$8.59M	$32.99M	$8.51M	$9.52M	$6.25M	$4.29M	$6.04M	$3.50M	$5.68M	$5.63M	-	-	-	-	-	-	-	-
Service	-	-	-	-	$2.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product	-	-	-	-	$6.45M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
United States	-	-	-	-	-	-	-	-	-	-	-	-	$3.50M	$5.09M	$5.00M	$6.63M	$5.57M	$5.36M	$17.16M	-
Canada	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$9.19M	$8.79M

Pioneer Power Solutions's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (100.00%).

Pioneer Power Solutions Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
XPON	Expion360	$10.39B	$1.39M
VRT	Vertiv	$6.86B	$2.07B
HUBB	Hubbell	$5.37B	$1.44B
NVT	nVent Electric	$3.26B	$782.00M
ENR	Energizer	$2.89B	$701.40M
AEIS	Advanced Energy Industries	$1.66B	$374.22M
HAYW	Hayward	$992.45M	$227.57M
CBAT	CBAK Energy	$204.44M	$47.79M
FCEL	FuelCell Energy	$123.39M	$23.70M
PPSI	Pioneer Power Solutions	$40.80M	$6.34M
EOSE	Eos Energy Enterprises	$16.38M	$854.00K
POLA	Polar Power	$15.29M	$4.91M
NVX	Novonix	$8.05M	$4.17M
NEOV	NeoVolta	$2.65M	$590.24K
IPWR	Ideal Power	$198.87K	$78.74K
LTBR	Lightbridge	-	-

PPSI Revenue FAQ

What is Pioneer Power Solutions’s yearly revenue?

Pioneer Power Solutions's yearly revenue for 2023 was $40.8M, representing an increase of 51.11% compared to 2022. The company's yearly revenue for 2022 was $27M, representing an increase of 47.45% compared to 2021. PPSI's yearly revenue for 2021 was $18.31M, representing a decrease of -6.05% compared to 2020.

What is Pioneer Power Solutions’s quarterly revenue?

Pioneer Power Solutions's quarterly revenue for Q2 2024 was $6.34M, a -26.19% decrease from the previous quarter (Q1 2024), and a -47.73% decrease year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $8.59M, a 2.10% increase from the previous quarter (Q4 2023), and a 0.98% increase year-over-year (Q1 2023). PPSI's quarterly revenue for Q4 2023 was $8.41M, a -32.39% decrease from the previous quarter (Q3 2023), and a -11.67% decrease year-over-year (Q4 2022).

What is Pioneer Power Solutions’s revenue growth rate?

Pioneer Power Solutions's revenue growth rate for the last 3 years (2021-2023) was 122.82%, and for the last 5 years (2019-2023) was 98.23%.

What are Pioneer Power Solutions’s revenue streams?

Pioneer Power Solutions's revenue streams in c 23 are Product, and Service. Product generated $33.72M in revenue, accounting 81.25% of the company's total revenue, up 71.92% year-over-year. Service generated $7.78M in revenue, accounting 18.75% of the company's total revenue

What is Pioneer Power Solutions’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Pioneer Power Solutions was Product. This segment made a revenue of $33.72M, representing 81.25% of the company's total revenue.