PIONEER POWER SOLUTIONS, INC. PPSI Income Statement

Pioneer power solutions, inc. (PPSI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10
Revenues
-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revenues
0	-	0	-	0	-	0	-	-	-	91,578	95,473	98,119	99,632	112,140	107,675	104,205	106,522	104,394	105,581	100,185	92,191	89,237	85,573	86,504	88,162	89,590	86,369	86,194	83,960	80,088	78,789	73,381	68,790	0	0	0	0
Cost of goods sold
21,480	19,417	1,498	155	-1,000	18,233	0	0	0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods sold
-	-	-	-	-	-	-	-	-	-	70,799	74,062	76,265	77,486	87,735	84,748	82,476	85,085	86,367	85,885	81,369	74,022	68,211	65,356	64,895	66,392	67,662	66,122	66,763	65,020	62,229	61,331	57,135	52,813	0	0	0	0
Restructuring and integration
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross profit
1,086	1,165	-3,046	-2,705	-3,033	1,894	7,310	11,725	17,355	17,739	19,906	21,411	21,854	22,146	24,405	22,927	21,729	21,437	18,027	19,696	18,816	18,169	21,026	20,217	21,609	21,770	21,928	20,247	19,431	18,940	17,859	17,458	16,246	15,977	0	0	0	0
Operating expenses
Selling, general and administrative
13,152	12,918	10,290	8,211	7,891	11,019	16,826	19,213	21,646	21,158	14,523	15,710	16,389	16,742	19,757	19,585	20,398	21,527	20,337	19,242	17,075	15,222	15,606	15,145	15,167	14,719	14,075	13,681	13,460	13,181	12,848	12,527	11,724	11,070	0	0	0	0
Restructuring and integration
-	-	-	-	-	-	-	-	-	219	2,160	2,179	2,240	2,204	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange gain
0	-	-	-	-	-	-	-	190	325	687	545	378	364	183	365	243	367	423	361	332	205	234	66	188	83	0	0	0	-	-	-	-	-	-	-	-	-
Foreign exchange (gain) loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-123	-142	-197	0	0	0	0
Total operating expenses
13,142	12,918	10,216	8,137	7,817	11,019	17,103	19,296	21,520	21,052	15,996	17,344	18,251	18,582	21,912	24,978	25,851	26,737	24,755	20,283	18,145	16,419	15,372	15,079	14,979	14,636	14,176	13,626	13,405	12,993	12,763	12,650	11,866	11,267	0	0	0	0
Loss from continuing operations
-12,056	-11,753	-13,262	-10,842	-10,850	-9,125	-9,793	-7,571	-4,165	-3,313	3,910	4,067	3,603	3,564	2,493	-2,051	-4,122	-5,300	-6,728	-587	671	1,750	5,654	5,138	6,630	7,134	7,752	6,621	6,026	5,947	5,096	4,808	4,380	4,710	0	0	0	0
Interest (income) expense
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest expense
-	-	624	777	-	916	1,785	2,180	2,562	2,462	2,380	2,304	2,003	1,739	1,393	1,010	879	748	682	650	600	582	566	651	705	754	828	858	905	933	917	868	737	646	0	0	0	0
Gain on sale of subsidiaries
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense (income)
-7,440	-2,817	-1,964	-83	3,512	-64	-958	-803	-547	-411	943	791	472	554	0	0	0	-	-	-	-	-913	0	0	0	-	0	0	0	-	-1,520	-1,231	-791	-820	0	0	0	0
(Loss) income before taxes
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Loss) income before taxes
-	-	-	-762	-	-	-	-10,554	-7,274	-6,186	2,473	2,554	2,072	2,379	-457	-5,624	-7,475	-8,583	-9,685	-2,411	-917	255	4,892	4,224	5,588	5,952	6,498	5,534	4,965	4,922	4,059	3,531	2,794	3,244	0	0	0	0
Income tax expense
-265	1,278	-2,623	-323	778	-796	2,007	2,804	2,731	3,039	422	-38	981	925	-254	-1,548	-2,388	-2,702	-2,150	-209	166	523	132	237	641	682	2,070	1,888	1,702	1,733	1,526	942	649	773	0	0	0	0
Net (loss) income from continuing operations
-19,293	-12,037	-4,476	-2,882	0	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations
Income from operations of discontinued business units
-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of discontinued subsidiaries
-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax expense
-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of income taxes
-	10,598	13,150	3,768	0	-	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,189	2,533	2,589	2,145	2,471	0	0	0	0
Loss from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	-251	-2,280	-2,412	-2,531	0	0	0	0
Net (loss) income
-10,007	-1,439	4,264	-2,670	557	-5,664	-11,136	-11,989	-9,908	-9,225	-1,549	-432	-1,523	-1,063	-203	-4,076	-5,087	-5,881	-7,535	-2,202	-1,083	-268	4,760	3,987	4,947	5,270	4,390	3,608	3,147	2,990	2,282	309	-267	-60	-170	0	0	0
Earnings (loss) per share:
Basic
(Loss) income from continuing operations (in dollars per share)
-0.33	-1.03	-0.37	-0.48	0.50	-	-0.16	-0.19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	0.04	0.15	0.14	0.10	0.05	0.07	0.20	0.11
Income from discontinued operations (in dollars per share)
-	-0.13	1.17	0.02	0.15	-	0.17	0.10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income (in dollars per share)
-0.33	-1.16	0.80	-0.46	0.65	-0.50	0.01	-0.09	-0.07	-	-	-	-	-	0.04	0.02	0.07	-0.14	-0.48	-0.11	-0.03	-0.41	0.25	0.04	0.08	0.31	0.17	0.21	0.15	0.20	0.04	0.14	0.13	0.09	-0.30	0.04	0.16	0.07
Income (loss) from continuing operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.03	0.19	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.06	-0.04	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss) (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-0.09	0.15	0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Diluted
(Loss) income from continuing operations (in dollars per share)
-0.33	-1.03	-0.37	-0.48	0.50	-	-0.16	-0.19	-	-	-0.03	0.19	0.02	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.21	0.04	0.15	0.14	0.10	0.05	0.07	0.20	0.11
Income from discontinued operations (in dollars per share)
-	-0.13	1.17	0.02	0.15	-	0.17	0.10	-	-	-0.06	-0.04	-0.01	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income (in dollars per share)
-0.33	-1.16	0.80	-0.46	0.65	-0.50	0.01	-0.09	-0.07	-1.13	-0.09	0.15	0.01	-	0.04	0.02	0.07	-0.14	-0.48	-0.11	-0.03	-0.41	0.25	0.04	0.08	0.31	0.17	0.21	0.15	0.20	0.04	0.14	0.13	0.08	-0.29	0.04	0.16	0.06
Weighted average common shares outstanding:
Basic (in shares)
8	17,443	8,726	8,726	8	17,443	8,726	8,726	8	8,728	8,725	8,713	8,702	8,700	8,700	8,700	8,700	8,704	7,468	7,406	7,406	7,224	7,172	7,172	7,172	7,187	6,051	5,907	5,907	5,907	5,907	5,907	5,907	23,610	5	5	5	5
Diluted (in shares)
8	17,439	8,730	8,726	8	17,435	8,734	8,726	8	8,663	8,725	8,743	8,737	8,677	8,708	8,706	8,709	8,704	7,468	7,406	7,406	7,028	7,226	7,237	7,249	7,266	6,083	5,924	5,919	5,922	5,915	5,908	5,907	23,778	5	5	5	5