{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-032069","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2022-11-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.472784+00:00","generated_at":"2026-06-21T20:24:51.529000+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Polar Power Q3 net sales down 59% to $1.7M; net loss $2.3M vs income of $942K last year","bullets":["Net sales $1.7M in Q3 2022, down 59% from $4.1M in Q3 2021 due to supply chain constraints.","Net loss of $2.3M ($0.19 per share) vs net income of $942K ($0.07) in Q3 2021.","Gross loss of $247K vs gross profit of $966K in prior year; operating expenses rose to $2.1M.","Cash and equivalents $363K at Sep 30, 2022, down from $5.1M at Dec 31, 2021; working capital $18.4M.","Sales backlog $13.6M; $3.3M in new purchase orders received post-quarter."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-032069","json":"https://secwatch.observer/filing/0001493152-22-032069.json","markdown":"https://secwatch.observer/filing/0001493152-22-032069.md","text":"https://secwatch.observer/filing/0001493152-22-032069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/0001493152-22-032069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T20:24:51.529000+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"996fbd306a192c96e4f1afe2683f45d0f06870a1","claim":"Polar Power, Inc. reported the three months ended September 30, 2022 results: revenue $1.7 million, net income $2.3 million, EPS $(0.19) per basic and dilutive share.","evidence_excerpt":"nine months ended September 30, 2022. Key Q3 2022 Results and Highlights: Financial Results for the Three and Nine Months Ended September 30, 2022 ● Net sales for Q3 2022 were $1.7 million, representing a 59% decrease, compared to $4.1 million during the same period last year. Net sales for the nine months ended September 30, 2022 were $9.6 million, representing a","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/0001493152-22-032069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended September 30, 2022"},{"label":"Revenue","value":"$1.7 million"},{"label":"Net income","value":"$2.3 million"},{"label":"EPS","value":"$(0.19) per basic and dilutive share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b33317b703d3803e3b2e3c8c8b99d2f16bee7eab","claim":"Polar Power, Inc. reported the nine months ended September 30, 2022 results: revenue $9.6 million, net income $4.2 million, EPS $(0.33) per basic and dilutive share.","evidence_excerpt":"Q3 2022 were $1.7 million, representing a 59% decrease, compared to $4.1 million during the same period last year. Net sales for the nine months ended September 30, 2022 were $9.6 million, representing a 21% decrease, compared to $12.2 million during the same period last year. Supply chain constraints during the last two quarters was the primary reason for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/0001493152-22-032069-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the nine months ended September 30, 2022"},{"label":"Revenue","value":"$9.6 million"},{"label":"Net income","value":"$4.2 million"},{"label":"EPS","value":"$(0.33) per basic and dilutive share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}