Polar Power Q3 revenue $1.9M (+12% YoY), net loss narrows to $1.8M

Polar Power, Inc.

2023-Q3 EPS reported -$0.26 revenue$11,688,000

Q3 net sales $1.9M (+12% YoY); net loss $1.8M ($0.14/sh) vs $2.3M loss ($0.19/sh) in Q3 2022.
Gross loss improved to $(108K) from $(247K); operating expenses decreased 26% to $1.5M.
Backlog $5.1M; cash $296K; working capital $13.3M (down from $17.3M at Dec 2022).
Largest Tier-1 telecom customer rescheduled $2.8M deliveries, impacting Q3 revenue.
Launched lower emission natural gas/propane generators; expects 5G upgrade to drive $20M additional sales in 2-3 years.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.