Polar Power, Inc. designs, manufactures, and sells direct current (DC), power generators, renewable energy, and cooling systems in the United States and internationally. It offers DC base power systems, DC hybrid power systems, and DC solar hybrid power systems. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.
IPO Year: 2016
Exchange: NASDAQ
Website: polarpower.com
8-K - Polar Power, Inc. (0001622345) (Filer)
10-Q - Polar Power, Inc. (0001622345) (Filer)
NT 10-Q - Polar Power, Inc. (0001622345) (Filer)
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8-K - Polar Power, Inc. (0001622345) (Filer)
8-K - Polar Power, Inc. (0001622345) (Filer)
10-Q - Polar Power, Inc. (0001622345) (Filer)
SCHEDULE 13G/A - Polar Power, Inc. (0001622345) (Subject)
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Gardena, CA, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Polar Power Inc. ("Polar Power" or the "Company") (NASDAQ:POLA) announced today that it has received an initial purchase order for fifty (50) next-generation model EVMC30K EV mobile chargers ("EVMC30K Chargers"), designed to provide emergency roadside fast-charging for electric vehicles (EVs) that have depleted their batteries charge before reaching a stationary charging station. Polar Power's EVMC30K Chargers provide up to 30 kW of level 3 fast charging power (using CCS and Tesla charging standards), enabling stranded EV drivers to resume their journey without the delays and expense of towing. They operate independent of the grid using a pro
GARDENA, CA, Nov. 20, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three months ended September 30, 2025. Polar Power reported net sales of $1.3 million for the three months ended September 30, 2025 which represented a 74% decline in sales compared to the same period last year. The drop in sales combined with $1.97 million inventory write downs resulted in unfavorable gross profit of $2.26 million. During the three months ended September 30, 2025, there was decline of $0.22 million in operating expenses resulting from reduced ma
GARDENA, CA, Oct. 28, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power") (NASDAQ:POLA), a manufacturer of DC generators, battery charging systems, EV chargers, microgrids, and backup power solutions, today announced it has received a $674,000 contract from a military customer for the delivery of compact, lightweight DC generators designed for mobile applications. The newly proposed model is approximately 25% smaller and lighter than Polar Power's smallest generator currently deployed in military and telecom sectors, while maintaining comparable power output. This advancement supports the growing demand for portable energy solutions across a range of industries. Expanding Applicat
GARDENA, CA, Sept. 04, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power") (NASDAQ:POLA), a manufacturer of DC generators and battery charging systems for sectors including telecom, military, and microgrids, announced a collaboration with ZQuip, a part of Moog Inc. which is an NYSE company, to develop and supply DC hybrid power systems tailored for construction equipment. Over the past year, Polar Power and ZQuip have jointly designed a compact diesel-fueled charging system aimed at electric construction vehicles. This solution addresses the need to reduce emissions, noise, and operational costs at both urban and remote construction sites. This modular DC charger serves as a range
GARDENA, CA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended June 30, 2025. Q2 2025 Financial Highlights ●Net sales were $2.7 million, compared to $4.6 million in the same period in 2024, a 42% decline●Gross profit decreased to $930,000, compared to $1.8 million in the same period in 2024, a 49% decline●Operating expenses declined 24% to $1.0 million, compared to $1.4 million in the same period in 2024●Net loss was $271,000, or $(0.11) per basic and diluted share, compared to net income of $501,000, or $0.20 p
GARDENA, CA, May 16, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended March 31, 2025. Q1 2025 Financial Highlights ●Net sales were $1.7 million, compared to $1.7 million in the same period last year●Gross profit increased to $320,000, or 18.6% of sales, representing an improvement of 180% from a gross loss of $402,000, or (22.6)% of sales, in the same period last year●Operating expenses declined 10% to $1.4 million, compared to $1.5 million in the same period last year●Net loss declined $877,000 to $1.2 million, or $(0.
GARDENA, CA, April 01, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months and full year ended December 31, 2024. 2024 Financial Highlights Sales of $14 million represent a 6.7% decline from 2023Gross profit increased 89% to $1.3 million, or 9.4% of sales, compared with $695,000, or 4.5% of sales, in 2023Operating expenses declined $1 million to $5.7 million compared to $6.7 million in the prior yearNet loss declined $1.9 million to $4.6 million, or $(1.86) per basic and diluted share in 2024, compared to a net loss of $6.5 mil
GARDENA, CA, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ:POLA) ("Polar Power"), a global provider of prime, backup, solar hybrid power, and microgrid solutions, is pleased to announce that it has successfully regained compliance with the minimum bid price requirement set forth by The Nasdaq Stock Market LLC ("Nasdaq"). The Company has received notification from Nasdaq confirming its compliance with Listing Rule 5550(a)(2), thereby meeting Nasdaq's maintenance requirements for listing. As a result, the scheduled hearing before the hearings panel on January 23, 2025 has been canceled. Arthur Sams, CEO and Chairman of Polar Power commented, "Maintaining our Nasdaq listing wa
GARDENA, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ:POLA) ("Polar Power"), a global provider of prime, backup, solar hybrid power, and microgrid solutions, today announced that it intends to effect a reverse stock split of its common stock at a ratio of 1 post-split share for every 7 pre-split shares. The Company's common stock will continue to be traded on the Nasdaq Capital Market under the symbol "POLA" and will begin trading on a split-adjusted basis when the market opens on November 19, 2024. The reverse stock split is primarily intended to enable the Company to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital
GARDENA, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the third quarter of 2024. Q3 2024 Financial Highlights Net sales were $4.9 million, representing the third consecutive quarter of sequential sales improvement and a year-over-year quarterly improvement of 157%Gross profit of $1.4 million, or 29% of sales, represents a positive swing of approximately $1.5 million compared to a gross loss of $108,000 in the same period last yearOperating expenses of $1.4 million compared favorably to $1.6 million in the third quarter
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New Board Member Provides Four Decades of Industrial Global Manufacturing and Team Building Leadership GARDENA, CA, July 30, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces that Michael Field has been appointed a director of the Company and compensation committee chair. Mr. Field joins the Polar Board with four decades of experience in global manufacturing and equipment spanning engineering and technology development, lean manufacturing, factory and systems integration, product management and channel development. He has held key operating and manageria
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GARDENA, CA, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ:POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces preliminary third quarter net sales between $4.7 million and $5.2 million, representing growth of 147% to 174%, gross margin in the range of 26% to 32%, and breakeven net earnings. Recovering net sales benefitting from strength across both diesel- and natural gas-powered product lines, with new customers accounting for 18% and 12% of total sales, respectivelySubstantial year-over-year improvement in gross margin attributable to higher revenues, lower labor costs and improved factory overhead a
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