Polar Power, Inc. Q2 2026: Revenue $1.02M, EPS $(0.49) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Polar Power, Inc. reported Q2 2026 revenue of $1.02M, a 62% YoY decline due to component shortages. The company posted a net loss of $1.83M and diluted EPS of $(0.49), widening from Q2 2025. Telecom remains the core market (88-93% of sales). Backlog stands at $3.7M, with shipments expected within three months. Operational actions include increasing inventory and hiring staff.
Polar Power, Inc. reported second-quarter 2026 results with revenue of $1.02M and a net loss of $1.83M, resulting in diluted EPS of $(0.49), versus revenue of $2.71M, a net loss of $0.27M and diluted EPS of $(0.11) in Q2 2025 as reported in the company's 10-Q.
Financial Highlights
- Revenue was $1.02M for Q2 2026, down from $2.71M in Q2 2025 ((62%) YoY).
- Net income: Net loss $1.83M for Q2 2026, versus net loss $0.27M in Q2 2025 (loss widened YoY).
- Diluted EPS was $(0.49) for Q2 2026, versus $(0.11) in Q2 2025 (loss widened YoY).
Business Highlights
- Net sales declined materially (Q2 down 62%, year-to-date down 38%) due to component shortages that reduced shipments and production.
- Telecommunications remained the core market, accounting for roughly 88–93% of sales, while international and military sales grew to help diversify revenue.
- Product development included launches of LPG/natural gas prime power generators and expansion of a mobile EV charger to the CCS standard to target broader markets.
- Operational actions taken: increasing inventory of key components, hiring additional sales and engineering staff, and pursuing microgrid and renewable-hybrid product configurations.
- Backlog stood at $3.7M, concentrated in telecom (77%) and military (22%); the company expects the majority of the backlog to ship within three months.
Original SEC Filing: Polar Power, Inc. [ POLA ] - 10-Q - Aug. 18, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.