secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2023-08-14T23:59:59+00:00
Accession:  0001493152-23-028511
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Polar Power Q2 sales $5.5M (+31% YoY), net loss narrows to $0.03 per share
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- Q2 net sales $5.5M, up 31% from $4.2M; gross profit $1.4M (+39%), margin 26.4% vs 24.8% YoY.
- Net loss of $436k ($0.03/share) vs $739k ($0.06) in Q2 2022; six-month loss $1.5M ($0.12) vs $1.8M ($0.15).
- Backlog $5.9M at June 30, 68% U.S. telecom; international telecom sales surged ~2100% YoY.
- Cash $292k; inventory $17.7M, working capital $15.4M; launched Toyota 1KS engine platform.
- Mobile EV chargers with CCS standard expected by Q1 2024; order taking underway.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315223028511/0001493152-23-028511-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315223028511/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-028511

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer