Polar Power, Inc.
4.0600+0.40 (+10.9%)
Oct 28, 4:00:01 PM EDT · NasdaqCM · POLA · USD
Key Stats
Market Cap
10.20MP/E (TTM)
-Basic EPS (TTM)
-1.82Dividend Yield
0%Recent Filings
8-K
ATM Equity Offering Deal
Polar Power inked an ATM sales pact with ThinkEquity on October 6, 2025, greenlighting up to $2.4 million in common stock offerings at market prices. The deal hands the company flexible capital access without commitment, paying the agent a 3% cut on sales. Yet dilution looms for shareholders. No sales yet.
8-K
Q2 Sales Decline
Polar Power reported Q2 2025 net sales of $2.7 million, down 42% from $4.6 million in Q2 2024, driven by sluggish genset demand while telecom sales held at 92% of total. Gross profit fell 49% to $930,000, but operating expenses dropped 24% to $1.0 million, yielding a net loss of $271,000 versus $501,000 income last year. Sales to military rose to 6%, yet U.S. international exposure shrank to 3%. Aftermarket parts surged 288%. Restructuring sales via resellers aims to rebuild volumes.
10-Q
Q2 FY2025 results
Polar Power's Q2 revenue fell 42% year-over-year to $2.7M, driven by lower DC power systems sales to telecom customers amid excess inventory at its largest U.S. client, which accounted for 69% of sales; yet gross margins improved to 34.3% from 39.3% thanks to better factory overhead absorption. Operating loss widened to $110K from prior profit, while net loss hit $271K or $(0.11) per diluted share on 2.5M shares, with the gap to operating loss mainly from $171K interest expense. Cash dwindled to $175K after $988K used in operations, offset by $665K in financing including line of credit draws; total debt stood at $5.7M with $66K availability under the $7.5M facility extended to 2026, and related-party notes at $433K. No capex meant free cash flow matched operating cash use. Backlog sits at $1.2M, mostly telecom. Competition from alternative power technologies poses a key risk.
8-K
Polar Power Q1 Results
Polar Power reported Q1 2025 net sales of $1.7 million, flat from last year, but swung to a $320,000 gross profit—up 180%—thanks to tighter cost controls. Operating expenses dropped 10% to $1.4 million, trimming the net loss 41% to $1.2 million. Aftermarket parts and services hit 28% of sales, boosting telecom reliance to 82%. Inventory stands at $13 million; manufacturing capacity eyes $50 million potential. Forward-looking plans hinge on monitoring upgrades and customer expansions, yet supply chain risks loom.
10-Q
Q1 FY2025 results
Polar Power's Q1 FY2025 revenue dipped 3% y/y to $1.7M, yet gross profit swung to $320 from a $402 loss, lifting margins to 18.6% amid lower factory overhead and 63% fewer warranty costs. Operating loss narrowed 44% to $1.1M on 10% lighter expenses, while net loss eased 41% to $1.3M or $(0.50) per diluted share, confirmed against 2.51M weighted shares with no anti-dilution. Telecom drove 82% of sales, with aftermarket parts hitting 28% of total—up sharply from 7% y/y—while international jumped to 18%. Cash dwindled to $68 on $584 operating outflow, but $4.8M line of credit (9.75% rate, $33 available) and $0.4M related-party notes (3.5%, staggered maturities to 2026) bolster liquidity; free cash flow not disclosed in the 10-Q. Backlog stands at $2.2M. Geopolitical tensions could squeeze supply chains further.
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