---
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"
generated_at: "2026-06-01T23:11:23.237117+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Polar Power Q1 net sales drop 57% to $1.8M; net loss widens to $2.1M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-019855
- JSON: https://secwatch.observer/filing/0001493152-24-019855.json
- Plain text: https://secwatch.observer/filing/0001493152-24-019855.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter of 2024
  - Revenue: $1.8 million
  - Net income: $2.1 million
  - EPS: $(0.12) per basic and diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1622345/000149315224019855/0001493152-24-019855-index.htm

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