Polar Power Q1 net loss narrows 86% to $178K; gross margin expands to 65.7%

Polar Power, Inc.

Q1 net loss of $178K vs $1.265M year ago; loss per share $(0.05) vs $(0.50).
Gross margin 65.7% (included $0.45M warranty reserve adjustment); ~39.7% excluding one-time.
Revenue flat at $1.728M; operating expenses down 22% to $1.111M.
Sales backlog $3.8M as of May 30, 2026; stockholders' equity rose to $2.3M.
New rent settlement reduces monthly rent from $109K to $55K; engaged Mammoth Crest Capital for restructuring.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Polar Power, Inc. reported first quarter ended March 31, 2026 results: revenue $ 1,728, net income $ (178 ), EPS $ (0.05 ).

Period: first quarter ended March 31, 2026
Revenue: $ 1,728
Net income: $ (178 )
EPS: $ (0.05 )
Result: reported results

Exact text from the filing

Q1 2026 Q1 2025 Y/Y +/(-) Change Net sales $ 1,728 $ 1,723 — Gross profit $ 1,135 $ 320 255 % Gross margin 65.7 % 18.6 % 47.1 pts Total operating expenses $ 1,111 $ 1,421 22 % Income (loss) from operations $ 24 $ (1,101 ) 102 % Net loss $ (178 ) $ (1,265 ) 86 % Net loss per share $ (0.05 ) $ (0.50 ) 90 %

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Source: SEC EDGAR

accession 0001493152-26-026770

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