Pioneer Achieves 51% Year-Over-Year Increase in Revenue, Reaching $40.8 Million
Revenue was $40.8 million, as compared to $27.0 million during 2022, an increase of 51.1%.
- Revenue was $40.8 million, as compared to $27.0 million during 2022, an increase of 51.1%.
- Loss from operations was $617,000, compared to a loss of $4.0 million during 2022, a $3.4 million improvement year-over-year.
- The Company recognized $1.5 million of non-cash, stock-based compensation expense during 2023, as compared to $1.0 million during 2022.
- Gross profit for 2023 was $10.4 million, or 25.5% of revenue, compared to $4.6 million, or 17.1% of revenues, for last year, an increase of $5.8 million or 840 basis points.