{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-017400","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2023-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.710271+00:00","generated_at":"2026-06-15T01:13:58.369831+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Polar Power Q1 revenue up 13% to $4.1M, net loss flat at $1.1M; Toyota generator launched","bullets":["Net sales $4.1M (+13% YoY); net loss $1.1M ($0.09/share), identical to prior-year loss.","Gross profit fell to $755K from $905K due to higher labor/material costs and product mix.","Cash at $119K (down from $211K Dec 2022); inventory $16.8M; backlog $8.9M.","After 2.5-year delay, began shipments of Toyota 1KS generator line; expects production ramp.","September 2022 price increases expected to improve net sales and gross margins as supply chain eases."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-017400","json":"https://secwatch.observer/filing/0001493152-23-017400.json","markdown":"https://secwatch.observer/filing/0001493152-23-017400.md","text":"https://secwatch.observer/filing/0001493152-23-017400.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223017400/0001493152-23-017400-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223017400/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T01:13:58.369831+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":"c3ff2c395e5c18a0303e03f8d412d1b059daaa2d","claim":"Polar Power, Inc. reported the quarter ended March 31, 2023 results: revenue $4.1 million, net income $1.1 million, EPS $(0.09) per basic and dilutive share.","evidence_excerpt":"for the quarter ended March 31, 2023. Key Q1 2023 Results and Highlights: Financial Results for the Three Months Ended March 31, 2023 ● Net sales for Q1 2023 increased to $4.1 million, representing a 13% increase, compared to $3.7 million during the same period last year. ● We had a gross profit of $755,000 at the end of Q1 2023, as compared to a gross profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315223017400/0001493152-23-017400-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Revenue","value":"$4.1 million"},{"label":"Net income","value":"$1.1 million"},{"label":"EPS","value":"$(0.09) 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"}