secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2025-11-20T23:59:59+00:00
Accession:  0001493152-25-024433
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315225024433/0001493152-25-024433-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315225024433/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-25-024433

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer