Polar Power Reports Second Quarter 2025 Financial Results
Polar Power (NASDAQ: POLA) reported challenging Q2 2025 financial results, with significant year-over-year declines across key metrics. Net sales decreased 42% to $2.7 million from $4.6 million in Q2 2024, while gross profit fell 49% to $930,000. The company reported a net loss of $271,000, or $(0.11) per share, compared to net income of $501,000 in Q2 2024.
The telecom sector remained dominant, representing 92% of total net sales. International sales dropped significantly to 3% from 25% year-over-year. Despite overall challenges, aftermarket parts and services saw substantial growth of 288%. The company plans to release a 30 kW mobile EV charger in Q4 2025 and is restructuring its sales approach through domestic and international resellers to rebuild sales to pre-pandemic levels.
Polar Power (NASDAQ: POLA) ha comunicato risultati finanziari del secondo trimestre 2025 difficili, con cali significativi su base annua nelle principali voci. Le vendite nette sono diminuite del 42% a 2,7 milioni di dollari rispetto a 4,6 milioni nel Q2 2024, mentre il margine lordo è sceso del 49% a 930.000 dollari. La società ha registrato una perdita netta di 271.000 dollari, pari a $(0,11) per azione, contro un utile netto di 501.000 dollari nel Q2 2024.
Il settore delle telecomunicazioni ha continuato a dominare, rappresentando il 92% delle vendite nette totali. Le vendite internazionali sono crollate al 3% rispetto al 25% dell’anno precedente. Nonostante le difficoltà complessive, i ricambi e i servizi aftermarket hanno registrato una crescita marcata del 288%. L’azienda prevede di lanciare un caricatore mobile EV da 30 kW nel quarto trimestre 2025 e sta ristrutturando la sua strategia di vendita tramite rivenditori nazionali e internazionali per riportare i ricavi ai livelli precedenti alla pandemia.
Polar Power (NASDAQ: POLA) presentó resultados financieros difíciles en el segundo trimestre de 2025, con caídas significativas interanuales en las métricas clave. Las ventas netas bajaron un 42% hasta 2,7 millones de dólares desde 4,6 millones en el Q2 de 2024, y el beneficio bruto se redujo un 49% hasta 930.000 dólares. La compañía registró una pérdida neta de 271.000 dólares, o $(0,11) por acción, frente a un beneficio neto de 501.000 dólares en el Q2 de 2024.
El sector de telecomunicaciones siguió siendo dominante, representando el 92% de las ventas netas totales. Las ventas internacionales cayeron de forma notable al 3% desde el 25% año sobre año. A pesar de las dificultades generales, las piezas y servicios posventa experimentaron un crecimiento sustancial del 288%. La compañía planea lanzar un cargador móvil EV de 30 kW en el cuarto trimestre de 2025 y está reestructurando su enfoque de ventas a través de distribuidores nacionales e internacionales para reconstruir las ventas a los niveles previos a la pandemia.
Polar Power (NASDAQ: POLA)는 2025년 2분기 실적이 어려웠다고 보고했으며 주요 지표 대부분에서 전년 대비 큰 하락을 보였습니다. 순매출은 전년 동기 460만 달러에서 42% 감소한 270만 달러를 기록했고, 매출총이익은 49% 감소한 93만 달러로 집계되었습니다. 회사는 순손실 27만1천 달러(주당 $(0.11))를 보고했으며, 이는 2024년 2분기의 50만1천 달러 순이익과 대비됩니다.
통신 부문이 여전히 우위를 차지해 전체 순매출의 92%를 차지했습니다. 해외 매출은 전년 대비 크게 줄어 25%에서 3%로 감소했습니다. 전반적인 어려움 속에서도 애프터마켓 부품 및 서비스는 288%의 큰 성장을 보였습니다. 회사는 2025년 4분기에 30kW 모바일 전기차 충전기를 출시할 예정이며, 국내외 리셀러를 통한 판매 구조를 재편해 팬데믹 이전 수준의 매출을 회복하려 하고 있습니다.
Polar Power (NASDAQ: POLA) a publié des résultats financiers difficiles pour le deuxième trimestre 2025, avec des baisses importantes d’une année sur l’autre sur les principaux indicateurs. Les ventes nettes ont diminué de 42% à 2,7 millions de dollars contre 4,6 millions au T2 2024, tandis que la marge brute a chuté de 49% à 930 000 dollars. La société a enregistré une perte nette de 271 000 dollars, soit (0,11 $) par action, contre un bénéfice net de 501 000 dollars au T2 2024.
Le secteur des télécommunications est resté dominant, représentant 92% des ventes nettes totales. Les ventes internationales ont fortement diminué, passant à 3% contre 25% un an plus tôt. Malgré les difficultés générales, les pièces et services après-vente ont connu une croissance importante de 288%. L’entreprise prévoit de lancer un chargeur mobile EV de 30 kW au quatrième trimestre 2025 et restructure son approche commerciale via des revendeurs nationaux et internationaux afin de ramener les ventes aux niveaux d’avant la pandémie.
Polar Power (NASDAQ: POLA) meldete schwierige Finanzergebnisse für das zweite Quartal 2025 mit deutlichen Rückgängen gegenüber dem Vorjahr bei den wichtigsten Kennzahlen. Der Nettoumsatz sank um 42% auf 2,7 Millionen US-Dollar gegenüber 4,6 Millionen im Q2 2024, während der Bruttogewinn um 49% auf 930.000 US-Dollar zurückging. Das Unternehmen verzeichnete einen Nettoverlust von 271.000 US-Dollar, bzw. $(0,11) je Aktie, gegenüber einem Nettogewinn von 501.000 US-Dollar im Q2 2024.
Der Telekommunikationsbereich blieb dominierend und machte 92% des gesamten Nettoumsatzes aus. Die internationalen Verkäufe fielen deutlich auf 3% gegenüber 25% im Vorjahresvergleich. Trotz der allgemeinen Herausforderungen verzeichneten Ersatzteile und Service im Aftermarket ein starkes Wachstum von 288%. Das Unternehmen plant, im vierten Quartal 2025 ein 30-kW-mobiles EV-Ladegerät auf den Markt zu bringen und strukturiert seinen Vertriebsansatz über inländische und internationale Wiederverkäufer um, um die Umsätze auf das Vor-Pandemie-Niveau zurückzuführen.
- Aftermarket parts and services sales increased by 288% year-over-year
- Operating expenses reduced by 24% to $1.0 million
- Military sales increased to 6% from 3% of total net sales
- Planned launch of 30 kW mobile EV charger in Q4 2025
- Net sales declined 42% to $2.7 million year-over-year
- Gross profit decreased 49% to $930,000
- Shifted from $501,000 net income to $271,000 net loss
- International sales dropped significantly from 25% to 3% of total sales
- Cash and cash equivalents declined to $175,000 from $498,000 at year-end 2024
Insights
Polar Power's Q2 shows concerning 42% revenue decline and shift to net loss, though restructuring efforts and product diversification offer potential recovery paths.
Polar Power's Q2 2025 results reveal significant deterioration in financial performance.
The cash position is particularly concerning. Cash and equivalents have dwindled to just
The telecom sector dependency remains pronounced, representing
Management's strategic initiatives deserve attention. The company is restructuring its sales approach through domestic resellers and expanding its international presence despite previous setbacks. The planned Q4 release of a 30kW mobile EV charger represents a potential diversification opportunity beyond the telecom sector.
The inventory situation requires monitoring. At
GARDENA, CA, Aug. 14, 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 ended June 30, 2025.
Q2 2025 Financial Highlights
| ● | Net sales were |
| ● | Gross profit decreased to |
| ● | Operating expenses declined |
| ● | Net loss was |
| ● | Cash used in operating activities in the second quarter of 2025 was |
Arthur Sams, Chairman and CEO of Polar Power, commented, “The telecom market continues to dominate our customer base for our DC power systems. During the second quarter of 2025, sales to our telecom customers represented
“From January 1, 2025, we have been restructuring our sales staff in the Middle East and Africa by adding new personnel along with establishing resellers overseas. With our new staff we have recently increased the number of field trials for our DC generators into South East Asia and Africa telecoms. One field trial in Sudan that was suspended due to civil war years back was restarted last week with favorable results.”
“We are experiencing active participation from LPG fuel distributors in assisting Polar Power with marketing of our microgrids (as installed for the UNHCR in Nigeria) to their customer base. We added heat recovery to our microgrid systems to further increase fuel to useful energy conversion.”
“After 1 year of testing, we plan to release our 30 kW mobile EV charger during the fourth quarter.”
“We plan to continue to improve our sales and marketing proficiency, further diversifying our customer base,” concluded Mr. Sams.
Polar Power, Inc.
Polar Power (NASDAQ: POLA) is pioneering technological changes that radically change the production, consumption, and environmental impact of power generation and is a provider of DC advanced power and cooling systems, pioneering innovations across diverse industrial applications. Its product portfolio, known for innovation, durability, and efficiency, presently includes standard products for telecom, military, renewable energy, marine, EV charging, residential, commercial, oil field and mining applications. Polar Power’s systems can be configured to operate on any energy source including photovoltaics, diesel, LPG (propane and butane), and renewable fuels.
Polar Power’s telecom power solutions offer significant cost savings with installation, permitting, site leases, and operation. Its military solutions provide compact, lightweight, fuel efficient, reliable power solutions for robotics, drone, communications, hybrid propulsion, and other applications. Its mobile rapid battery charging technology enables on-demand roadside charging for electric vehicles. Its combined heat and power (CHP) residential systems offer innovative vehicle charging and integrated home power systems via natural gas or propane feedstocks, optimizing performance and system costs. Polar Power’s micro / nano grid solutions provide lower cost energy in “bad-grid or no-grid” environments. Its commitment to technological advancement extends to hybrid propulsion systems for marine and specialty vehicles, ensuring efficiency, comfort, reliability, and cost savings.
For more information, please visit www.polarpower.com. or follow Polar Power on www.linkedin.com/company/polar-power-inc/.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
This news release contains certain statements of a forward-looking nature relating to future events or future business performance. Forward-looking statements can be identified by the words “expects,” “anticipates,” “believes,” “intends,” “estimates,” “plans,” “will,” “outlook” and similar expressions. Forward-looking statements are based on management’s current plans, estimates, assumptions and projections, and speak only as of the date they are made. With the exception of historical information, the matters discussed in this press release including, without limitation, that the Company plans to improve its operational efficiencies or expand its customer base in all market segments, that the Company plans to release its 30 kW mobile EV charger during the fourth quarter, and that the Company plans to continue to improve its sales and marketing proficiency, further diversifying its customer base, are forward-looking statements and considerations that involve a number of risks and uncertainties. The actual future results of Polar Power could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, adverse domestic and foreign economic and market conditions, including demand for its; trade tariffs on raw materials; changes in domestic and foreign governmental regulations and policies; the impact of inflation and changing prices on raw materials; supply chain constraints causing significant delays in sourcing raw materials; labor shortages as a result of the pandemic, low unemployment rates, or other factors limiting the availability of qualified workers; and other events, factors and risks. The Company undertakes no obligation to update any forward-looking statement in light of new information or future events, except as otherwise required by law. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and are generally beyond Polar Power’s control. Actual results or outcomes may differ materially from those implied by the forward-looking statements as a result of the impact of a number of factors, many of which are discussed in more detail in Polar Power’s reports filed with the Securities and Exchange Commission.
Company Contact:
Polar Power, Inc.
249 E. Gardena Blvd.
Gardena, CA 90248
Tel: 310-830-9153
ir@polarpowerinc.com
www.polarpower.com
POLAR POWER, INC.
CONDENSED BALANCE SHEETS
(in thousands, except share and per share data)
| June 30, 2025 | December 31, 2024 | |||||||
| (Unaudited) | ||||||||
| ASSETS | ||||||||
| Current assets | ||||||||
| Cash and cash equivalents | $ | 175 | $ | 498 | ||||
| Accounts receivable | 2,031 | 2,153 | ||||||
| Inventories | 12,993 | 12,893 | ||||||
| Prepaid expenses | 42 | 53 | ||||||
| Total current assets | 15,241 | 15,597 | ||||||
| Other assets: | ||||||||
| Operating lease right-of-use assets | 1,037 | 1,645 | ||||||
| Property and equipment, net | 160 | 196 | ||||||
| Deposits | 108 | 108 | ||||||
| Total assets | $ | 16,546 | $ | 17,546 | ||||
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||||||||
| Current liabilities | ||||||||
| Accounts payable | $ | 858 | $ | 408 | ||||
| Customer deposits | 638 | 607 | ||||||
| Accrued liabilities and other current liabilities | 1,139 | 1,100 | ||||||
| Line of credit | 5,302 | 4,797 | ||||||
| Notes payable-related party | 433 | 266 | ||||||
| Current portion of operating lease liabilities | 1,116 | 1,382 | ||||||
| Total current liabilities | 9,486 | 8,560 | ||||||
| Operating lease liabilities, net of current portion | 76 | 474 | ||||||
| Total liabilities | 9,562 | 9,034 | ||||||
| Commitments and Contingencies | ||||||||
| Stockholders’ Equity | ||||||||
| Preferred stock, | — | — | ||||||
| Common stock, | — | 2 | ||||||
| Additional paid-in capital | 38,896 | 38,886 | ||||||
| Accumulated deficit | (31,872 | ) | (30,336 | ) | ||||
| Treasury Stock, at cost (2,497 shares) | (40 | ) | (40 | ) | ||||
| Total stockholders’ equity | 6,984 | 8,512 | ||||||
| Total liabilities and stockholders’ equity | $ | 16,546 | $ | 17,546 | ||||
POLAR POWER, INC.
UNAUDITED CONDENSED STATEMENTS OF OPERATIONS
(in thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
| 2025 | 2024 | 2025 | 2024 | |||||||||||||
| Net Sales | $ | 2,708 | $ | 4,660 | $ | 4,431 | $ | 6,434 | ||||||||
| Cost of Sales | 1,778 | 2,828 | 3,183 | 5,005 | ||||||||||||
| Gross profit | 930 | 1,832 | 1,248 | 1,429 | ||||||||||||
| Operating Expenses | ||||||||||||||||
| Sales and marketing | 184 | 264 | 443 | 494 | ||||||||||||
| Research and development | 146 | 195 | 305 | 415 | ||||||||||||
| General and administrative | 710 | 913 | 1,711 | 2,040 | ||||||||||||
| Total operating expenses | 1,040 | 1,372 | 2,459 | 2,949 | ||||||||||||
| Income (loss) from operations | (110 | ) | 460 | (1,211 | ) | (1,520 | ) | |||||||||
| Other income (expenses) | ||||||||||||||||
| Interest expense and finance costs | (171 | ) | (179 | ) | (335 | ) | (342 | ) | ||||||||
| Other Income | 10 | 220 | 10 | 221 | ||||||||||||
| Total other income (expenses), net | (161 | ) | 41 | (325 | ) | (121 | ) | |||||||||
| Net income (loss) | $ | (271 | ) | $ | 501 | $ | (1,536 | ) | $ | (1,641 | ) | |||||
| Net income (loss) per share – basic and diluted | $ | (0.11 | ) | $ | 0.20 | $ | (0.61 | ) | $ | (0.65 | ) | |||||
| Weighted average shares outstanding, basic and diluted | 2,511,103 | 2,508,802 | 2,511,103 | 2,508,802 | ||||||||||||
POLAR POWER, INC.
UNAUDITED CONDENSED STATEMENTS OF CASH FLOW
(in thousands)
| Six Months Ended June 30, | ||||||||
| 2025 | 2024 | |||||||
| Cash flows from operating activities: | ||||||||
| Net loss | $ | (1,536 | ) | $ | (1,641 | ) | ||
| Adjustments to reconcile net loss to net cash used in operating activities: | ||||||||
| Depreciation and amortization | 34 | 121 | ||||||
| Changes in operating assets and liabilities | ||||||||
| Accounts receivable | 122 | (634 | ) | |||||
| Employee retention credit | — | 2,000 | ||||||
| Inventories | (99 | ) | 746 | |||||
| Prepaid expenses | 11 | 68 | ||||||
| Income tax receivable | — | 787 | ||||||
| Operating lease right-of-use asset | 609 | 579 | ||||||
| Accounts payable | 458 | (1,165 | ) | |||||
| Accrued interest added to notes payable-related party | 7 | — | ||||||
| Customer deposits | 31 | (149 | ) | |||||
| Accrued expenses and other current liabilities | 39 | 5 | ||||||
| Operating lease liability | (664 | ) | (527 | ) | ||||
| Net cash provided by (used in) operating activities | (988 | ) | 190 | |||||
| Cash flows from investing activities: | ||||||||
| Acquisition of property and equipment | — | (18 | ) | |||||
| Net cash used in investing activities | — | (18 | ) | |||||
| Cash flows from financing activities: | ||||||||
| Proceeds from advances from credit facility | 505 | 445 | ||||||
| Proceeds from notes payable-related party | 160 | — | ||||||
| Repayment of notes payable | — | (47 | ) | |||||
| Net cash provided by financing activities | 665 | 398 | ||||||
| Increase in cash and cash equivalents | (323 | ) | 570 | |||||
| Cash and cash equivalents, beginning of period | 498 | 549 | ||||||
| Cash and cash equivalents, end of period | $ | 175 | $ | 1,119 | ||||
| Supplemental Cash Flow Information: | ||||||||
| Interest paid | $ | 381 | $ | 420 | ||||
| Taxes Paid | $ | — | $ | — | ||||
| Supplemental non-cash investing and financing activities: | ||||||||
| Issuance of common stock to director for accrued fees | $ | 8 | $ | — | ||||
FAQ
What were Polar Power's (POLA) key financial results for Q2 2025?
How much of Polar Power's Q2 2025 sales came from the telecom sector?
What was POLA's international sales performance in Q2 2025?
What new product is Polar Power planning to launch in Q4 2025?
How did Polar Power's aftermarket parts and services perform in Q2 2025?
