Pioneer Power (PPSI) Tops Q4 EPS by 3c, Offers FY16 Guidance
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Pioneer Announces Fourth Quarter 2015 Results
March 29, 2016 4:05 PM EDTFORT LEE, N.J., March 29, 2016 /PRNewswire/ --Â Pioneer Power Solutions, Inc. (Nasdaq: PPSI) ("Pioneer" or the "Company"), a company engaged in the manufacture, sale and service of electrical transmission, distribution and on-site power generation equipment, today announced its financial results for the fourth quarter and full-year periods ended December 31, 2015.
Fourth Quarter Results:
Revenue of $26.3 million, up 5.3% sequentially and 8.8% year-over-year Gross margin percentage of 22.6% up sequentially compared to 19.4% in Q3 2015 and compared to 9.7% in Q4 2014 Operating loss narrowed by $1.4 million to $(1.2) million compared to $(2.6)... More