Polar Power Q3 net loss $4.1M on 74% sales decline; inventory write-down $1.97M

Polar Power, Inc.

2025-Q3 EPS reported -$2.24 revenue$5,704,000

Net sales $1.3M, down 74% from $4.9M YoY; gross loss of $2.26M vs. prior gross profit of $1.4M.
Net loss $4.085M ($1.63 per share) vs. net income $13k ($0.01) in Q3 2024.
Inventory write-down of $1.97M on slow-moving Toyota engines; $455k impairment on lease assets.
Backlog rose to $5.3M from $1.2M; secured $0.67M military APU order and $1.7M in EV chargers.
Raised $0.74M in Oct 2025 via 147,144 shares at $5.00; largest customer contract expires end of 2025.

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