secwatch.observer — SEC 8-K summary
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Issuer:     Polar Power, Inc. (POLA)
CIK:        0001622345
Form:       8-K
Filed at:   2026-06-02T12:30:26+00:00
Accession:  0001493152-26-026770
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226026770/0001493152-26-026770-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1622345/000149315226026770/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-026770

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