Polar Power Q4 2023 EPS $(0.24) Down From $(0.10) YoY; Revenue $3.605M Down From $6.366M YoY
$POLA
Industrial Machinery/Components
Miscellaneous
Polar Power Q4 2023 EPS $(0.24) Down From $(0.10) YoY; Revenue $3.605M Down From $6.366M YoY
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SC 13G/A - Polar Power, Inc. (0001622345) (Subject)
SC 13G/A - Polar Power, Inc. (0001622345) (Subject)
SC 13G - Polar Power, Inc. (0001622345) (Subject)
4 - Polar Power, Inc. (0001622345) (Issuer)
4 - Polar Power, Inc. (0001622345) (Issuer)
4 - Polar Power, Inc. (0001622345) (Issuer)
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
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
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
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
8-K - Polar Power, Inc. (0001622345) (Filer)
10-Q - Polar Power, Inc. (0001622345) (Filer)
8-K - Polar Power, Inc. (0001622345) (Filer)
Anticipated sales in range of $4.5-$5.0 million, backlog of approximately $5.5 million as of June 30, 2024Balance Sheet will reflect approximately $3 million received in tax refunds and ERC fundingGARDENA, CA, July 11, 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 it expects to report revenues between $4.5 million and $5.0 million for the second quarter of 2024, and a backlog of approximately $5.5 million for the quarter end. Additionally, the Company has received approximately $2.9 million in Tax refunds and Employee Retention Credits ("ERC") payments appli
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