Polar Power prelim Q2 revenue $4.5-$5.0M; backlog $5.5M; receives $2.9M in tax refunds

Polar Power, Inc.

Expects Q2 2024 revenue of $4.5-$5.0M and backlog of ~$5.5M as of June 30, 2024.
Received ~$2.9M in tax refunds and Employee Retention Credits, strengthening balance sheet.
Approximately 62% of backlog attributable to telecom customers globally.
Company plans to file Q2 10-Q and announce full results before August 15, 2024.

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