02:07 PM EDT, 04/02/2024 (MT Newswires) -- Pioneer Power Solutions ( PPSI ) shares dropped 24% in recent Tuesday trading, a day after the company posted a Q4 loss and lower revenue.

The company reported a Q4 loss late Monday of $0.07 per share, compared with earnings of $0.10 per share a year earlier.

Two analysts surveyed by Capital IQ expected EPS of $0.02.

Revenue in the quarter ended Dec. 31 fell to $7.7 million from $9.5 million a year earlier.

Two analysts surveyed by Capital IQ expected $10.9 million.

The company expects 2024 EPS of $0.31 to $0.34 on revenue of $52 million to $54 million. Two analysts surveyed by Capital IQ expect EPS of $0.21 on revenue of $53.1 million.

Price: 4.51, Change: -1.43, Percent Change: -24.07