---
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"
generated_at: "2026-06-21T20:24:51.529000+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Polar Power Q3 net sales down 59% to $1.7M; net loss $2.3M vs income of $942K last year

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-032069
- JSON: https://secwatch.observer/filing/0001493152-22-032069.json
- Plain text: https://secwatch.observer/filing/0001493152-22-032069.txt

## Key facts
- Earnings Releases
  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.
  - Period: the three months ended September 30, 2022
  - Revenue: $1.7 million
  - Net income: $2.3 million
  - EPS: $(0.19) per basic and dilutive share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/0001493152-22-032069-index.htm
- Earnings Releases
  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.
  - Period: the nine months ended September 30, 2022
  - Revenue: $9.6 million
  - Net income: $4.2 million
  - EPS: $(0.33) per basic and dilutive share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315222032069/0001493152-22-032069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.