secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0001493152-22-013796
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polar Power Q1 sales +13% to $3.7M; net loss narrows to $1.1M; backlog rises to $13M
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- Net sales $3.7M (+13% YoY); gross profit $905K vs. gross loss $58K; net loss $1.1M ($0.10/shr) vs. $1.9M ($0.15).
- Backlog $9.0M at Q1 end, increased to $13.0M as of Apr 16, 2022; 66% from U.S. telecom, 31% international telecom.
- Received $4.0M PO from South Pacific Islands telecom for DC generators; deliveries start mid-2022, fulfill by year-end.
- EPA certification on 4Y Toyota engine for natural gas/LPG expands power range to 35 kW; targets micro-grids and EV charging.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315222013796/0001493152-22-013796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315222013796/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-013796

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer