{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-019855","form_type":"8-K","ticker":"POLA","cik":"0001622345","company_name":"Polar Power, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.293598+00:00","generated_at":"2026-06-01T23:11:23.237117+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 Q1 net sales drop 57% to $1.8M; net loss widens to $2.1M","bullets":["Net sales of $1.8M vs $4.2M in Q1 2023; net loss of $2.1M ($0.12 per share) vs $1.1M ($0.09) a year ago.","Operating expenses were $1.6M vs $1.7M; working capital $9.6M, inventory $16.2M as of March 31.","Backlog of $7.7M includes $5.7M in new Q1 bookings; $2.0M additional orders received in April.","CEO cites delayed international shipments and pushout from top telecom customers to H2 2024.","Diversification: 40% of net sales from non-tier-1 telecom; military orders rose to 25% of revenues vs 5% in Q1 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-019855","json":"https://secwatch.observer/filing/0001493152-24-019855.json","markdown":"https://secwatch.observer/filing/0001493152-24-019855.md","text":"https://secwatch.observer/filing/0001493152-24-019855.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224019855/0001493152-24-019855-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224019855/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:11:23.237117+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":"317d4989744dc914d3e9a5c4958c48807d59def1","claim":"Polar Power, Inc. reported first quarter of 2024 results: revenue $1.8 million, net income $2.1 million, EPS $(0.12) per basic and diluted share.","evidence_excerpt":"Q1 2024 Financial Highlights ● Net sales of $1.8 million compared to $4.2 million in the same period in 2023 ● Operating expenses of $1.6 million compared to $1.7 million in the same period in 2023 ● Net loss was $2.1 million, or $(0.12) per basic and diluted share, compared to a net loss of $1.1 million, or $(0.09) per basic and diluted share in the same period in 2023","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1622345/000149315224019855/0001493152-24-019855-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of 2024"},{"label":"Revenue","value":"$1.8 million"},{"label":"Net income","value":"$2.1 million"},{"label":"EPS","value":"$(0.12) 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"}