{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-012371","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.293364+00:00","generated_at":"2026-06-04T04:41:42.478621+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Polar Power FY2023 net loss widens to $6.5M; Q4 revenue up 90% sequential, Q1 2024 bookings $5.1M","bullets":["FY2023 net sales $15.3M (down 5% YoY); net loss $6.5M (($0.49)/share) vs. $5.6M loss in FY2022.","Gross profit fell to $0.7M from $2.1M in FY2022; operating expenses reduced to $6.7M from $7.7M.","Q4 2023 revenue $3.6M, ~90% sequential growth from Q3; backlog $3.9M at Dec 31, 2023.","Announced $5.1M in new bookings in Q1 2024; current backlog $7.7M as of April 1, 2024.","Customer base diversification: top two customers decreased from 89% to 68% of sales; international sales >20% for second year."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-012371","json":"https://secwatch.observer/filing/0001493152-24-012371.json","markdown":"https://secwatch.observer/filing/0001493152-24-012371.md","text":"https://secwatch.observer/filing/0001493152-24-012371.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224012371/0001493152-24-012371-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224012371/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:41:42.478621+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":"3fefec68131a3dc64a44cc920deee9f357691521","claim":"Polar Power, Inc. reported three months and full year ended December 31, 2023 results: revenue $15.3 million, net income Net loss was $6.5 million, EPS $(0.49) per basic and diluted share.","evidence_excerpt":"solar hybrid DC power solutions, reports its financial results for the three months and full year ended December 31, 2023. 2023 Financial Highlights ● Net sales in 2023 were $15.3 million compared to $16.1 million in 2022 ● Gross profit for 2023 was $0.7 million compared to $2.1 million in 2022 ● Operating expenses for 2023 were $6.7 million compared to $7.7","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224012371/0001493152-24-012371-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months and full year ended December 31, 2023"},{"label":"Revenue","value":"$15.3 million"},{"label":"Net income","value":"Net loss was $6.5 million"},{"label":"EPS","value":"$(0.49) per basic and diluted 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"}