Polar Power Reports Third Quarter Net Loss on 74% Sales Decline
Polar Power Inc. reported a 74% decline in net sales to $1.3 million for Q3 2025, resulting in a net loss of $4.1 million. The company faced a negative gross profit of $2.3 million due to a $2.0 million inventory write-down. Operating expenses decreased by $0.2 million, but were offset by a $0.5 million asset impairment. Polar Power plans to diversify its customer base and invest in new markets, renegotiating its largest customer contract expiring in 2025.
Polar Power Inc. reported net sales of $1.3 million for the three months ended September 30, 2025, a 74% decrease compared to the same period last year. The company recorded a net loss of $4.1 million, compared to a net income of $0.01 million in the prior year’s quarter. Gross profit was negative $2.3 million, impacted by a $2.0 million inventory write-down related to Toyota engines purchased during the covid period. Operating expenses declined by $0.2 million due to reduced marketing and administrative costs, offset by a $0.5 million impairment of right-to-use assets. Polar Power noted ongoing geopolitical and tariff challenges and announced efforts to diversify its customer base and invest in new markets, including microgrids and electric vehicle charging. The company plans to renegotiate its long-term contract with its largest customer, which expires at the end of 2025. 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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-25-024433), on November 20, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
