---
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"
generated_at: "2026-06-15T01:13:58.369831+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Polar Power Q1 revenue up 13% to $4.1M, net loss flat at $1.1M; Toyota generator launched

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-017400
- JSON: https://secwatch.observer/filing/0001493152-23-017400.json
- Plain text: https://secwatch.observer/filing/0001493152-23-017400.txt

## Key facts
- Earnings Releases
  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.
  - Period: the quarter ended March 31, 2023
  - Revenue: $4.1 million
  - Net income: $1.1 million
  - EPS: $(0.09) per basic and dilutive share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315223017400/0001493152-23-017400-index.htm

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