Amendment: SEC Form SC 13G/A filed by Polar Power Inc.
$POLA
Industrial Machinery/Components
Miscellaneous
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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