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.
