Polar Power Reports Full Year and Fourth Quarter 2024 Financial Results
Polar Power, Inc. (POLA)
Last polar power, inc. earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
ir.polarpower.com/investors/investor-overview/default.aspx
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Source: GlobeNewswire
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 million, or $(3.45) per basic and diluted share in 2023Inventories were down $3.5 million, driven primarily by utilization of existing inventory versus inventory acquisitions during the year, and also by $900,000 accounting adjustment for slow-moving inventoryCash used in operating activities was $53
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POLA
News
- Polar Power (NASDAQ:POLA) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Polar Power Inc. Receives Purchase Order for Mobile Electric Vehicle Fast Chargers to Address the Growing Need for Emergency Roadside AssistanceGlobeNewswire
- Polar Power Reports Third Quarter 2025 Financial Results [Yahoo! Finance]Yahoo! Finance
- Polar Power Reports Third Quarter 2025 Financial ResultsGlobeNewswire
- Polar received a Military contract to supply compact and light weight DC Generators for a mobile applicationGlobeNewswire
POLA
Sec Filings
- 12/16/25 - Form 8-K
- 12/12/25 - Form 424B5
- 11/28/25 - Form 8-K
- POLA's page on the SEC website