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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
Microgrid Installation Anticipated to Reduce Fuel Costs by up to 70% with Excellent Follow-on Opportunity at other UN sites GARDENA, CA, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ:POLA)("Polar Power"), a global provider of prime, backup, solar hybrid power, and microgrid solutions announces that its DC generator, solar PV inverters, batteries, and controls were seamlessly integrated and installed at a United Nations High Command for Refugees ("UNHCR") facility in Nigeria. Assisting Polar Power on this project were Leonics Ltd. (supplying inverters and lithium batteries), Biohenry Ltd. (providing installation and maintenance services), and the Greening and Sustainability T
Swing to Quarterly Profit Led by Higher Net Sales GARDENA, CA, Aug. 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 second quarter of 2024. Q2 2024 Financial Highlights Net sales were $4.6 million, a sequential improvement of 163% compared to $1.8 million in the first quarter of 2024, and compared to $5.6 million in the same period in 2023The company's gross margin improved to 39.3% compared to 26.4%, due in part to higher international salesOperating expenses were $1.4 million, slightly lower compared to $1.6 million in the firs
SC 13G/A - Polar Power, Inc. (0001622345) (Subject)
SC 13G/A - Polar Power, Inc. (0001622345) (Subject)
SC 13G - Polar Power, Inc. (0001622345) (Subject)
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
Gainers Surf Air Mobility (NYSE:SRFM) stock moved upwards by 38.0% to $0.58 during Thursday's after-market session. The company's market cap stands at $48.2 million. Simpple (NASDAQ:SPPL) stock rose 14.12% to $0.59. The market value of their outstanding shares is at $9.6 million. Knightscope (NASDAQ:KSCP) stock increased by 5.57% to $0.25. The market value of their outstanding shares is at $26.7 million. Polar Power (NASDAQ:POLA) stock moved upwards by 5.4% to $0.39. The company's market cap stands at $6.8 million. Exela Technologies (NASDAQ:XELA) stock increased by 4.39% to $2.14. The market value of their outstanding shares is at $13.6 million. Aqua Metals (NASDAQ:AQMS) stock moved u
Gainers Pineapple Energy (NASDAQ:PEGY) stock moved upwards by 10.1% to $0.16 during Thursday's after-market session. The market value of their outstanding shares is at $14.6 million. Greenwave Tech Solns (NASDAQ:GWAV) stock rose 7.42% to $0.16. The market value of their outstanding shares is at $23.9 million. Azul (NYSE:AZUL) shares moved upwards by 4.91% to $6.19. The company's market cap stands at $716.7 million. As per the press release, Q1 earnings came out 3 days ago. Safe & Green Holdings (NASDAQ:SGBX) stock moved upwards by 4.85% to $3.89. The company's market cap stands at $4.7 million. Ideanomics (NASDAQ:IDEX) stock increased by 4.76% to $1.1. The company's market cap stands at
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
8-K - Polar Power, Inc. (0001622345) (Filer)
DEFA14A - Polar Power, Inc. (0001622345) (Filer)
DEF 14A - Polar Power, Inc. (0001622345) (Filer)
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