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Stock impact report

Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024 [Yahoo! Finance]

Polar Power, Inc. (POLA) 
Last polar power, inc. earnings: 11/12 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
GARDENA, CA, March 12, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces approximately $2.5 million in additional new bookings from both military and telecom customers. Combined with the $2.9 million in previously announced new bookings in January, Polar Power has announced $5.4 million in new bookings for the first quarter of 2024, which compares to $3.7 million in new bookings for the first quarter in 2023, an increase of 46%. Arthur Sams, CEO of Polar Power, commented, “The acceleration in bookings, especially those received from international customers, is an encouraging trend in the early part of 2024. The orders represent business we've earned from three different customers, in industries we've proudly served since our founding. The military order is with an international defense contractor for our Series 6250 alternator, which is our unique Permanent Magn Show less Read more
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