Company Quick10K Filing
Pioneer Power Solutions
10-K 2019-12-31 Filed 2020-03-30
10-Q 2019-09-30 Filed 2019-11-18
10-Q 2019-06-30 Filed 2019-08-14
10-Q 2019-03-31 Filed 2019-05-15
10-K 2018-12-31 Filed 2019-03-29
10-Q 2018-09-30 Filed 2018-11-09
10-Q 2018-06-30 Filed 2018-08-10
10-Q 2018-03-31 Filed 2018-05-15
10-K 2017-12-31 Filed 2018-04-02
10-Q 2017-09-30 Filed 2017-11-13
10-Q 2017-06-30 Filed 2017-08-11
10-Q 2017-03-31 Filed 2017-05-12
10-K 2016-12-31 Filed 2017-03-29
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-08-12
10-Q 2016-03-31 Filed 2016-05-13
10-K 2015-12-31 Filed 2016-03-31
10-Q 2015-09-30 Filed 2015-11-23
10-Q 2015-06-30 Filed 2015-08-12
10-Q 2015-03-31 Filed 2015-05-15
10-K 2014-12-31 Filed 2015-04-02
10-Q 2014-09-30 Filed 2014-11-12
10-Q 2014-06-30 Filed 2014-08-07
10-Q 2014-03-31 Filed 2014-05-15
10-K 2013-12-31 Filed 2014-03-14
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-15
10-K 2012-12-31 Filed 2013-04-01
10-Q 2012-09-30 Filed 2012-11-14
10-Q 2012-06-30 Filed 2012-08-14
10-Q 2012-03-31 Filed 2012-05-15
10-K 2011-12-31 Filed 2012-03-30
10-Q 2011-09-30 Filed 2011-11-14
10-Q 2011-06-30 Filed 2011-08-15
10-Q 2011-03-31 Filed 2011-05-16
10-K 2010-12-31 Filed 2011-03-31
10-Q 2010-09-30 Filed 2010-11-15
10-Q 2010-06-30 Filed 2010-08-16
10-Q 2010-03-31 Filed 2010-05-17
10-K 2009-12-31 Filed 2010-04-15
8-K 2020-03-26 Officers, Exhibits
8-K 2019-11-22 Shareholder Vote
8-K 2019-10-07 Other Events, Exhibits
8-K 2019-10-06
8-K 2019-09-13 Officers
8-K 2019-09-05 Other Events, Exhibits
8-K 2019-08-16 M&A, Exhibits
8-K 2019-08-13 Enter Agreement, Earnings, Exhibits
8-K 2019-06-28 Enter Agreement, Shareholder Vote, Other Events, Exhibits
8-K 2019-02-15 Officers, Exhibits
8-K 2019-01-22 Enter Agreement, Leave Agreement, Exhibits
8-K 2018-12-27 Enter Agreement, Exhibits
8-K 2018-07-16 Enter Agreement, Exhibits
8-K 2018-06-29 Enter Agreement, Exhibits
8-K 2018-05-14 Earnings, Shareholder Vote, Exhibits
8-K 2018-05-02 Enter Agreement, Other Events, Exhibits
8-K 2018-04-26 Other Events
8-K 2018-03-28 Earnings, Exhibits

Pioneer Power Solutions Financials

PPSI Metrics, Comps, Filings

Quarterly | Annual

Business

Pioneer Power Solutions, Inc. and its wholly owned subsidiaries (referred to herein as the “Company,” “Pioneer,” “we,” “our” and “us”) manufacture, sell and service a broad range of specialty electrical transmission, distribution and on-site power generation equipment for applications in the utility, industrial, commercial and backup power markets. The Company is headquartered in Fort Lee, New Jersey and operates from eleven (11) additional locations in the U.S., Canada and Mexico for manufacturing, centralized distribution, engineering, sales and administration.

Our largest customers include a number of recognized national and regional utilities, industrial companies and engineering, procurement and construction firms located in North America. In addition, we sell our products through hundreds of electrical distributors served by our network of stocking locations throughout the U.S. and Canada. We intend to grow our business through internal product development, and expansion of our sales force coverage to increase the scope and relevance of highly-engineered solutions and technical service we offer our customers for their specific electrical applications.

In 2018, we had two reportable segments: Transmission & Distribution Solutions (“T&D Solutions”) and Critical Power Solutions (“Critical Power”).


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Equity

Income Statement ($MM Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($MM Quarterly)

Ops, Inv, Fin

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Sparton (SPA) 178,304 21% 7.4 1% 224,722 149,236 389,118 80,385 2,466 23,779 176,919
Transcat (TRNS) 170,111 25% 13.0 7% 115,005 52,349 169,519 41,588 8,326 14,922 193,853
Frequency Electronics (FEIM) 102,375 21% -12.5 -9% 91,949 33,781 47,998 10,268 -8,182 -7,977 99,769
Nano Dimension (NNDM) 99,041 0% 20,303 4,731 0 0 0 0 95,288
SMTC (SMTX) 78,562 9% 9.0 -3% 209,218 169,355 282,267 26,527 -6,991 12,398 112,115
RF Industries (RFIL) 77,359 28% 12.5 9% 37,700 6,167 55,325 15,638 3,521 5,201 64,819
IEC Electronics (IEC) 73,732 14% 11.0 4% 110,832 79,592 156,981 21,644 4,747 9,502 104,282
Blink Charging (BLNK) 68,017 24% -9.2 -45% 14,861 4,796 2,058 490 -6,754 -6,544 60,030
inTEST (INTT) 57,884 49% 10.5 1% 61,305 16,536 65,481 31,764 806 4,734 49,859
Pioneer Power Solutions (PPSI) 49,761 14% 5.0 22% 39,976 25,442 35,628 4,876 8,616 7,226 36,252
Data I/O (DAIO) 32,844 59% 136.9 -2% 28,079 6,645 15,700 9,271 -691 129 17,666
Wireless Telecom Group (WTT) 30,459 44% 66.7 -3% 42,094 10,767 49,443 21,949 -1,367 460 30,701
Tel Instrument Electronics (TIK) 18,151 48% 6.9 20% 9,691 8,969 15,298 7,392 1,935 2,026 13,897
SigmaTron (SGMA) 17,415 10% 11.4 1% 151,659 92,349 291,004 27,948 1,408 4,421 50,283
MICT (MICT) 5,725 -77% 0.0 -42% 7,628 4,687 477 -369 -3,222 -3,089 -42
Eltek (ELTK) 5,051 0% 18,160 17,278 0 0 0 0 4,783
Aehr Test Systems (AEHR) 36 36% 1.2 -25% 21,307 5,854 21,056 7,602 -5,235 -4,644 -5,392
Exfo (EXFO) 0% 284,544 106,623 0 0 0 0 -0
Bel Fuse (BELFA) 17% 3.3 -1% 434,345 263,705 377,284 65,902 -2,392 15,936 51,984
Celestica (CLS) 0% 3,737,700 2,405,400 0 0 0 0 -409,100

Balance Sheet ($'000)2011-09-302011-12-312012-03-312012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash6241,39804671968223,290425586823,8326481593,45283724623534295021826831565921117549013,509
Accounts Receivable8,9678,1729,12210,57911,9049,64312,1359,73912,37111,48514,12513,10115,49114,72215,37114,22315,41218,96918,36317,50816,39817,96819,25513,43213,53615,31914,95616,32717,3832,9351,817
Inventory11,98513,71114,93714,91214,88713,84413,43612,64313,39314,98314,67114,42913,85915,58215,94117,66320,62425,86926,89126,14729,82830,41328,32423,19224,57027,17326,01027,31027,6945,0205,248
PP&E9,5619,9839,90516,53411,67911,69712,63918,68111,79612,02011,39518,43910,56610,6697,79513,80814,49014,19114,15714,06714,62815,18815,74614,85714,82914,70514,99314,89015,0592,4432,443
Assets47,10548,83849,63852,17855,60352,87358,55453,86156,54257,86060,30872,83870,91172,02472,57766,93972,39983,45879,92877,40880,08482,67981,74969,89075,46079,39777,40672,51281,87879,00939,976
Accounts Payable
Long-Term Debt8,3519,0158,8539,7959,1738,4778,0907,2056,5246,2095,4529,5395,9785,36196216,0445,7955,5115,3845,2275,0994,9264,9354,8574,7384,4433,7933,4993,196
Liabilities33,09034,07033,86634,26336,77933,11829,58823,06925,73626,03227,59342,00441,65943,30944,58739,54544,01054,84451,07951,20953,57554,71354,38152,38858,51863,25561,17860,56164,49765,25325,442
Stockholders' Equity14,01514,76815,77217,91518,82419,75528,96630,79230,80631,82832,71530,83429,25228,71527,99027,39428,38928,61428,84926,19926,50927,96627,36817,50216,94216,14216,22811,95117,38113,75614,534
Income Statement ($'000)2011-09-302011-12-312012-03-312012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Revenue17,92718,72520,31722,55121,99522,44721,16920,89321,06426,11124,12328,88726,46024,92426,25026,57029,93029,38928,51327,26230,89729,79413,43723,47524,59325,95624,6995,3605,569
Cost of Revenue14,11014,43715,72717,47016,41516,54815,95815,97316,87619,40321,77123,48921,53320,08320,31220,65623,80322,85424,00521,14624,92624,34810,98019,04719,39020,81520,6004,8395,313
Gross Profit3,8174,2884,5905,0815,5805,8995,2114,9204,1886,7082,3525,3984,9274,8415,9385,9146,1276,5354,5086,1165,9715,4462,4574,4285,2035,1414,099521256
R&D
SG&A2,8953,0793,2423,5213,5313,6104,0573,9693,8684,0713,6735,6535,5354,9685,0384,7484,7245,3564,8384,8654,5495,0412,2574,1984,1494,0814,1392,0713,843
Tax481893393085448221,000267140717-602-90-235-1,224-1,15422460570-13280-2035303,158-281634151,948-1,442-2,567
Net Income-1,8264977569131,2621,0092,0875903021,782-2,942-225-817-3,551-1,288569194322-2,1481331,309-764-10,022-574-606585,647-4,0236,992
Cash Flow ($'000)2011-09-302011-12-312012-03-312012-12-312013-03-312013-06-302013-09-302013-12-312014-03-312014-06-302014-09-302014-12-312015-03-312015-06-302015-09-302015-12-312016-03-312016-06-302016-09-302016-12-312017-03-312017-06-302017-09-302017-12-312018-03-312018-06-302018-09-302018-12-312019-03-312019-06-302019-09-30
Cash Operating1,756-2,005-1,6002,8291,987-191-2,1501,8901,356-1,001-495-758-1,818-892-4,750-7,2843,174-5989781,103-2,5541,8721,056-2,6712,182871536-3,450
Cash Investing-550-404-1,816-570-1,716-222-323-216-164-1,110-329-447-2,260-365-149-161-159-149-491-368-366-203-152-36-181-56-6641,899
Cash Financing3039943,171-1,6682,088-2,1751,940-1,650-3505,783-2,6171,2854,1241,7274,38710,848-5,615339-444-3813,769-2,001-8572,526-1,502-7819-25,689