Polar Power, Inc. (POLA) Reports Q3 Loss of $0.14

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Polar Power Reports 12% Growth in Revenue During Third Quarter 2023 Financial Results

November 14, 2023 4:25 PM EST

GARDENA, CA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Polar Power, Inc. (Polar Power or the Company) (NASDAQ: POLA), a global provider of prime, backup and solar hybrid DC power solutions, today reported its financial results for the three and nine months ended September 30, 2023.

Financial Highlights:

Net sales for Q3 2023 were $1.9 million, representing a 12% increase compared to $1.7 million sales during Q3 2022. Net sales for the nine months ended September 30, 2023 were $11.7 million, representing a 21% increase,... More