Polar Power Q3 net sales fall, net loss widens
Polar Power Q3 net sales decline 74% yr/yr due to geopolitical and tariff issues. Q3 net loss widens to $4.08 mln from $0.01 mln income last year. Backlog increases to $5.3 mln, indicating potential future sales growth. Company plans to renegotiate largest customer’s contract to reduce tariff impact and aims for 15k-20k generators annually. Inventory write-downs of $1.97 mln and excess inventory of largest customer affected sales.
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Overview
- Polar Power Q3 net sales decline 74% yr/yr, impacted by geopolitical and tariff issues
- Company reports Q3 net loss of $4.08 mln, compared to $0.01 mln income last year
- Polar Power’s backlog increases to $5.3 mlnon to September 30, 2025, indicating potential future sales growth
Outlook
- Polar Power plans to renegotiate its largest customer’s contract to reduce tariff impact
- Company aims for 15k-20k generators annually to disrupt AC generator markets
- Polar Power expands sales personnel in international markets for diversification
Result Drivers
- INVENTORY WRITE-DOWNS - Co faced $1.97 mln inventory write-downs
- GEOPOLITICAL AND TARIFF IMPACT - Geopolitical and tariff issues temporarily affected sales, but tariff impact on current sales was modest due to existing inventory
- CUSTOMER INVENTORY EXCESS - Largest customer had excess inventory, affecting sales of DC generators
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Sales $1.27
mln
Q3 Net -$4.09
Income mln
Q3 Gross -$2.26
Profit mln
Q3 $1.62
Operatin mln
g
Expenses
Q3 -$3.88
Operatin mln
g Income
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
