Polar Power Q1 net loss narrows 41% to $1.2M; gross margin turns positive

Polar Power, Inc.

2025-Q1 EPS reported -$0.50 revenue$1,723,000

Net sales $1.7M flat YoY; net loss $1.2M ($0.50 EPS) vs $2.1M ($0.85) a year ago.
Gross profit $320k (18.6% margin) vs gross loss of $402k (-22.6%) in Q1 2024.
OpEx down 10% to $1.4M; cash used in ops improved to $584k from $989k.
Aftermarket parts & service 28% of sales; telecom customers 82% of net sales.
Plans remote monitoring on 5K legacy units over 12 months to boost service revenue.

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