---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-032198"
form_type: "8-K"
ticker: "POLA"
cik: "0001622345"
company_name: "Polar Power, Inc."
filed_at: "2024-08-14T23:59:59+00:00"
generated_at: "2026-05-31T09:20:29.857293+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Polar Power swings to Q2 profit with $501K net income; sales up 163% sequentially

## Summary
- Net sales $4.6M, up 163% sequentially from Q1; gross margin improved to 39.3% from 26.4%.
- Net income $501K ($0.03 EPS) vs net loss of $436K in Q2 2023; first profitable quarter in over two years.
- Backlog $5.7M as of June 30, 2024, including $2.0M in new Q2 bookings; working capital $10.1M.
- Received approximately $3.0M in tax refunds and Employee Retention Credits from prior years.
- Appointed Mike Field as new Director and Compensation Committee Chairman.

## SEC filing metadata
- accession: 0001493152-24-032198
- form_type: 8-K
- ticker: POLA
- cik: 0001622345
- company_name: Polar Power, Inc.
- filed_at: 2024-08-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1622345/000149315224032198/0001493152-24-032198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1622345/000149315224032198/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-032198
- JSON: https://secwatch.observer/filing/0001493152-24-032198.json
- Plain text: https://secwatch.observer/filing/0001493152-24-032198.txt

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