POLA

GARDENA, CA, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three months ended September 30, 2025. Polar Power reported net sales of $1.3 million for the three months ended September 30, 2025 which represented a 74% decline in sales compared to the same period last year. The drop in sales combined with $1.97 million inventory write downs resulted in unfavorable gross profit of $2.26 million. During the three months ended September 30, 2025, there was decline of $0.22 million in operating expenses resulting from reduced marketing and administrative costs, which were offset by a $0.45 million impairment of right-to-use assets. Polar Power reported a net loss of $4.08 million during the three months ended September 30, 2025, compared to $0.01 million income during the same period in the previous year. The Company’s gross margins were primarily impacted when its shipments were below certain threshold while the fixed costs related to plant and administrative costs were not fully absorbed. The geopolitical and tariff issues have temporarily impacted the Company’s sales, however the impact of tariff on its current sales has been modest due to existing inventory. The Company has one long term contract with its largest customer that expires at the end of year 2025 which the Company plans to renegotiate, reducing the impact of tariffs on its material costs. The impact of tariffs is mixed. Overseas the Company is hurt competing with manufacturers who can source materials at significantly lower costs. Domestically, the Company’s competitors have huge production volume efficiencies offsetting their tariff costs. To compete domestically and internationally, the Company sells based on a significantly lower OPEX and higher reliability. Tariffs and inflation are driving up the cost of copper and steel; while maintaining the same power output, the Company’s DC generator used 6 times less steel and copper. The Company estimates that reaching 15k to 20k generators a year can provide the production efficiencies needed to disrupt the AC generator markets. Presently if the Company’s customers consider the overall cost of an energy system, then the Company offers a lower CAPEX and OPEX costs. In the past getting c...

GARDENA, CA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended June 30, 2025. Q2 2025 Financial Highlights Arthur Sams, Chairman and CEO of Polar Power, commented, “The telecom market continues to dominate our customer base for our DC power systems. During the second quarter of 2025, sales to our telecom customers represented 92% of total net sales, compared to 95%, in the same period in 2024. Sales to military customers represented 6% of total net sales, compared to 3% in the same period in 2024. Sales to customers in other markets represented 2% in the second quarter of 2025, and 2% in the same period in 2024. Sales to customers outside of the U.S. represented 3% of total net sales in the second quarter of 2025, compared to 25% in the same period in 2024. While sales of our gensets continued to be sluggish during the second quarter of 2025, we experienced increased sales in aftermarket parts and services of roughly 288%, compared to the same period in 2024. We believe that restructuring our US sales to include distribution through domestic resellers will be the fastest direction in rebuilding sales to pre-pandemic levels.” “From January 1, 2025, we have been restructuring our sales staff in the Middle East and Africa by adding new personnel along with establishing resellers overseas. With our new staff we have recently increased the number of field trials for our DC generators into South East Asia and Africa telecoms. One field trial in Sudan that was suspended due to civil war years back was restarted last week with favorable results.” “We are experiencing active participation from LPG fuel distributors in assisting Polar Power with marketing of our microgrids (as installed for the UNHCR in Nigeria) to their customer base. We added heat recovery to our microgrid systems to further increase fuel to useful energy conversion.” “After 1 year of testing, we plan to release our 30 kW mobile EV charger during the fourth quarter.” “We plan to continue to improve our sales and marketing proficiency, further diversifying our customer base,” concluded Mr. Sams. Polar Power, Inc. Polar Power (NASDAQ: POLA) is pioneering technological changes that radically change the production, consumptio...

The major averages were little changed near noon following the release of downbeat consumer sentiment data and as April housing starts came in slightly below consensus estimates. Investors continue to weigh potentially easing trade tensions as well. Meanwhile, President Trump said in a post on Truth Social that Republican lawmakers “must unite” to pass his “beautiful” tax bill. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter Looking to commodities, gold prices are slipping after yesterday’s rebound, while oil is up fractionally, keeping the commodity above the $60 threshold. Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1. STOCK NEWS: Charter (CHTR) and Cox will combine in a deal valuing Cox at an enterprise value of $34.5B Take-Two (TTWO) reported mixed Q4 results and provided a conservative outlook for FY26 following the delay of “Grand Theft Auto VI” Applied Materials (AMAT) reported mixed Q2 results and provided its outlook for Q3 Novo Nordisk (NVO) CEO Lars Fruergaard Jorgensen will step down Boeing (BA) has reached a tentative non-prosecution deal with U.S. prosecutors, Reuters says 2. WALL STREET CALLS: Oppenheimer upgraded Charter (CHTR) to Outperform, calls Cox deal a “major positive” Cisco (CSCO) downgraded at New Street, prefers to wait for a better entry point Carnival (CCL) upgraded to Hold from Reduce at HSBC SolarEdge (SEDG) downgraded to Underperform at Northland Astera Labs (ALAB) initiated with neutral view at Susquehanna 3. AROUND THE WEB: Nvidia (NVDA) isn’t sending GPU plans to China following a report that the AI chipmaker is working on a research and development center in Shanghai, CNBC says Microsoft (MSFT) is set to dodge an antitrust fine after the European Commission said they’re seeking feedback on the company’s offer to settle an investigation into illegal bundling of its Teams app, Bloomberg reports Intel (INTC) recently argued with EU antitrust regulators over a $421.4M fine levied two years ago for excluding rivals from the market, stating it was disproportionate and unfair, Reuters says Citi (C) is cutting up to 200 information technology, IT, contractor roles in China, with around 100 IT staff informed this week their contract...

GARDENA, CA, May 16, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended March 31, 2025. Q1 2025 Financial Highlights Arthur Sams, Chairman and CEO of Polar Power, commented, “We continue to improve our operational efficiency and increase sales in aftermarket parts and service, which provide higher margins, as we expand our customer base. During the first quarter, we received orders and shipped products to first time customers who are in process of evaluating and integrating our products into their operations. Our focus on addressing aftermarket parts and service on a large equipment fleet has resulted in sales of aftermarket parts and services representing 28% of our total net sales in the first quarter of 2025. During this quarter, we jointly worked with our telecom customer to implement monitoring equipment on legacy units to report performance and maintenance data, which we believe improves product uptime and longevity. We plan to jointly implement this remote monitoring system on over five thousand legacy units during the next twelve months, which we expect to generate additional aftermarket parts and service revenue. During the first quarter of 2025, sales to our telecom customers represented 82% of total net sales, compared to 71% in the same period in 2024. Sales to international markets represented 18% of total net sales in the first quarter of 2025, compared to 6% in the same period in 2024. Sales to military customers represented 17% of total net sales in the first quarter of 2025, compared to 26% in the same period in 2024.” “We have seen a steady decline in excess inventory at our largest customer which was reflected by higher bookings towards the end of the first quarter. During the first quarter, we have seen benefits of implementation of companywide ERP systems which helped streamlined manufacturing operations, thereby improving our labor efficiencies and manufacturing lead times. During the forty years of our business, we have significant installed base of our equipment in the field, which are still being used by second or third-tier users. We are contacting these users to promote product upgrades, repairs or new equipment sales opportunities. Currently, we have approximatel...

GARDENA, CA, April 01, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months and full year ended December 31, 2024. 2024 Financial Highlights Sales of $14 million represent a 6.7% decline from 2023 Gross profit increased 89% to $1.3 million, or 9.4% of sales, compared with $695,000, or 4.5% of sales, in 2023 Operating expenses declined $1 million to $5.7 million compared to $6.7 million in the prior year Net loss declined $1.9 million to $4.6 million, or $(1.86) per basic and diluted share in 2024, compared to a net loss of $6.5 million, or $(3.45) per basic and diluted share in 2023 Inventories were down $3.5 million, driven primarily by utilization of existing inventory versus inventory acquisitions during the year, and also by $900,000 accounting adjustment for slow-moving inventory Cash used in operating activities was $536,000 in 2024 compared to $3.4 million in 2023 Total net debt was $5.0 million and total liquidity was $1.1 million, consisting of cash and availability under the line of credit as of December 31, 2024 Chairman and CEO of Polar Power, Arthur Sams commented, “We continue to spend time and resources educating the market on the unique benefits of our power platform to deliver solutions that reduce cost and harmful emissions while providing a source of reliable and virtually maintenance-free power. And although we experienced volatility in our bookings and sales during 2024, we were profitable in two of this year’s quarters, which involved production of our standard DC generators for both backup and prime power applications. Much of our raw material needs in 2024 were met by inventory we had purchased in prior years, which helped conserve cash and achieve manufacturing efficiencies during the year, mitigating the effect of lower sales. We’ve added an important new reference account, in the United Nations High Commissioner for Refugees (“UNHCR”), a United Nations organization, which has experienced exceptional results.” “The hybrid solution that we provided with partners to the UNHCR in Lagos, Nigeria, has performed even better than originally anticipated, enabling significant total power generation savings compared to some of the outdated and stale technology platforms they had bee...