secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2022-08-15T23:59:59+00:00
Accession:  0001493152-22-022926
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polar Power Q2 net sales $4.2M, down 12% YoY; net loss narrows to $739K
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- Net sales $4.2M vs $4.8M in Q2 2021, a 12% decline; 6-month sales $7.9M down 2%.
- Net loss $739K ($0.06/share) vs $866K ($0.07) in Q2 2021; gross profit up 10% to $1.0M.
- Sales backlog $14.0M at June 30, 2022; 97% from telecom customers; $9.9M in new orders during Q2.
- Cash and equivalents $2.6M vs $5.1M at Dec 31, 2021; working capital $20.1M; credit line $2.8M.
- Supply chain and labor shortages pushed ~12% of expected Q2 shipments into H2 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315222022926/0001493152-22-022926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315222022926/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-022926

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