• Pioneer Power Solutions posted a Q1 net loss of USD 2.5 million, widening from a loss of USD 929,000 a year earlier, while revenue fell 36.7% to USD 4.3 million.
• Gross margin widened to 13.6% from 2.2% a year earlier, while operating loss narrowed to USD 2 million from USD 2.3 million.
• Backlog rose to USD 13.9 million at March 31 from USD 12.6 million at year-end, while cash slipped to USD 13.6 million from USD 15 million.
• Received a USD 6 million award for two PRYMUS 1.2-megawatt distributed generation systems, with delivery expected in the second half of 2026.
• Implemented cost cuts in late April expected to reduce annual operating expenses by about USD 1.5 million, primarily through e-Boost headcount reductions, while CEO Nathan Mazurek cited accelerating PRYMUS demand tied to AI infrastructure and data center growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pioneer Power Solutions Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-024063), on May 18, 2026, and is solely responsible for the information contained therein.