---
title: "Pioneer Power | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 4.266 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286763832.md"
datetime: "2026-05-18T11:37:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286763832.md)
  - [en](https://longbridge.com/en/news/286763832.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286763832.md)
---

# Pioneer Power | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 4.266 M

Revenue: As of FY2026 Q1, the actual value is USD 4.266 M, missing the estimate of USD 4.699 M.

EPS: As of FY2026 Q1, the actual value is USD -0.23, missing the estimate of USD -0.11.

EBIT: As of FY2026 Q1, the actual value is USD -2.176 M.

### Segment Revenue

-   **Total Revenue**: For the three months ended March 31, 2026, Pioneer Power Solutions, Inc. reported total revenue of $4.3 million, marking a 36.7% decrease compared to $6.7 million for the same quarter in 2025. This decrease was primarily attributed to reduced sales and rentals of the company’s mobile EV charging solutions, e-Boost.

### Operational Metrics

-   **Gross Profit**: Gross profit for Q1 2026 was $582,000, significantly up from $148,000 in Q1 2025.
-   **Gross Margin**: The gross margin for Q1 2026 was 13.6%, an increase from 2.2% in Q1 2025, mainly due to improved operating efficiencies associated with e-Boost sales.
-   **Operating Loss from Continuing Operations**: The operating loss from continuing operations was - $2.0 million for Q1 2026, an improvement of $326,000 compared to - $2.3 million for Q1 2025.
-   **Non-GAAP Operating Loss from Continuing Operations**: This metric was - $380,000 for Q1 2026, an improvement from - $708,000 for Q1 2025.
-   **Net Loss**: Net loss was - $2.5 million for Q1 2026, compared to - $929,000 for Q1 2025, with the prior year including $1.1 million income from discontinued operations.
-   **Net Loss from Continuing Operations**: The net loss from continuing operations was - $2.5 million for Q1 2026, compared to - $2.1 million for Q1 2025.
-   **Operating Expenses**:
    -   Selling, general and administrative expenses were $2.446 million in Q1 2026, compared to $2.414 million in Q1 2025.
    -   Research and development expenses were $156,000 in Q1 2026, compared to $80,000 in Q1 2025.
    -   Total operating expenses were $2.602 million in Q1 2026, compared to $2.494 million in Q1 2025.

### Cash Flow

-   **Net Cash Used in Operating Activities**: For the three months ended March 31, 2026, net cash used in operating activities was - $887,000, a change from $1,502,000 provided by operating activities in the same period of 2025.
-   **Net Cash Used in Investing Activities**: Net cash used in investing activities was - $459,000 for Q1 2026, compared to - $595,000 for Q1 2025.
-   **Net Cash Used in Financing Activities**: Net cash used in financing activities was - $30,000 for Q1 2026, a significant decrease from - $16,689,000 for Q1 2025.

### Unique Metrics

-   **Backlog**: Backlog stood at $13.9 million as of March 31, 2026, an increase from $12.6 million at December 31, 2025.
-   **Cash on Hand**: Cash on hand was $13.6 million at March 31, 2026, compared to $15.0 million at December 31, 2025.
-   **Working Capital**: Working capital was $18.7 million at March 31, 2026, compared to $20.7 million at December 31, 2025.
-   **PRYMUS Award**: Pioneer Power Solutions, Inc. secured a $6 million award for two PRYMUS® 1.2 megawatt distributed generation systems from a national logistics customer.
-   **e-Boost Order Activity**: Order activity for e-Boost mobile EV charging systems averaged over $500,000 per month during Q1 2026.

### Outlook / Guidance

Pioneer Power Solutions, Inc. anticipates that cost reduction initiatives implemented in late April 2026 will reduce annualized operating expenses by approximately $1.5 million. These savings are intended to be reinvested into PRYMUS and PowerCore, which are crucial for the company’s long-term growth strategy. The commercialization efforts for PowerCore remain on schedule for shipments to commence in the second half of 2026.

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- [PPSI.US](https://longbridge.com/en/quote/PPSI.US.md)

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