Pioneer Power Solutions, Inc. (PPSI) Q1 2025 Earnings Call Transcript

Pioneer Power Solutions, Inc. (NASDAQ:PPSI) Q1 2025 Earnings Conference Call May 19, 2025 4:30 PM ET

Company Participants

Brett Maas – IR, Hayden IR
Nathan Mazurek – Chairman and CEO
Walter Michalec – CFO

Conference Call Participants

Rob Brown – Lake Street Capital Markets

Operator

Greetings and welcome to the Pioneer Power First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Brett Maas of Hayden Invest Relations. Thank you, you may begin.

Brett Maas

Thank you, operator. The call today will be hosted by Nathan Mazurek, Chairman and Chief Executive Officer; Walter Michalec, Chief Financial Officer; and Geo Murickan, President of Pioneer E-Mobility. Following this discussion, there will be a Q&A session open to participants on the call. We appreciate the opportunity to review the first quarter financial results and recent business highlights. Before we get started, let me remind you this call is being recorded and webcast.

During this call, management may make forward-looking statements. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to the cautionary text regarding forward-looking statements contained in the earnings release issued last Thursday, May 15, which applies to the content of the call.

I’d like to now turn the call over to Nathan Mazurek, Chairman and CEO. Nathan, please go ahead.

Nathan Mazurek

Thank you, Brett. Good afternoon, and thank you all for joining us today. We are off to a strong start in 2025 with first quarter revenue more than doubling to $6.7 million. This growth is a clear reflection of the accelerating demand for our on-site