POLA
Polar Power, Inc.2.0600
-0.0100-0.48%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
5.48MP/E (TTM)
-Basic EPS (TTM)
-3.45Dividend Yield
0%Recent Filings
8-K
Stockholders approve 2026 EIP
Polar Power stockholders elected four directors—Arthur D. Sams, Keith Albrecht, Michael Field, and Katherine Koster—and ratified Weinberg & Company as auditors at the December 15, 2025 annual meeting. Crucially, they approved the 2026 Equity Incentive Plan, effective January 1, 2026, authorizing 750,000 shares for options, RSUs, and other awards to employees, directors, and consultants. Plan aligns incentives with shareholders. No share limit details beyond pool.
8-K
Q3 sales crash 74%
Polar Power reported Q3 2025 net sales of $1.3M, down 74% from prior year, swinging to a $4.1M net loss driven by $2.0M inventory write-downs and $0.5M lease impairments amid weak telecom demand. Sales plunged. Backlog doubled to $5.3M with military and EV charger orders, signaling diversification while tariffs pressure costs but highlight DC generators' material efficiency.
10-Q
Q3 FY2025 results
Polar Power's Q3 revenue plunged 74% y/y to $1.3M from $4.9M, driven by lower DC power systems sales to its top telecom customer amid excess inventory, while YTD sales fell 50% to $5.7M. Gross loss hit $2.3M after $2.0M inventory write-down and factory underutilization, flipping prior profit; operating loss widened to $3.9M with $455 lease impairment. Cash dwindled to $4, operations burned $589 YTD, line of credit at $4.7M (over-advanced), delinquent rents sparked eviction notice. Backlog built to $5.3M. Customer concentration risks loom large.
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.
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