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Polar Power Q1 FY26 net loss narrows 86% to $178,000; gross margin expands 47.1 percentage points to 65.7%

PUBT·06/02/2026 12:01:51
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Polar Power Q1 FY26 net loss narrows 86% to $178,000; gross margin expands 47.1 percentage points to 65.7%
  • Polar Power posted a Q1 net loss of USD 178,000, narrowing 86% year over year; net loss per share improved to USD 0.05.
  • Gross margin widened 47.1 percentage points to 65.7%, boosted by a USD 450,000 favorable warranty reserve adjustment; net sales were USD 1.73 million.
  • Operating income turned positive at USD 24,000 as operating expenses fell 22% to USD 1.11 million.
  • Sales order backlog totaled USD 3.7 million at March 31, rising to USD 3.8 million as of May 30; working capital was USD 2.1 million.
  • Reached a settlement to keep its Gardena headquarters for 12 months, cutting monthly rent to USD 55,000 from USD 109,000; entered an agreement with Mammoth Crest Capital.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Polar Power Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202606020800PRIMZONEFULLFEED9730375) on June 02, 2026, and is solely responsible for the information contained therein.