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Polar Power(POLA) - 2024 Q1 - Quarterly Results
POLAPolar Power(POLA)2024-05-15 20:10

Exhibit 99.1 Polar Power Reports First Quarter 2024 Financial Results ● Net sales of 1.8millioncomparedto1.8 million compared to 4.2 million in the same period in 2023 ● Operating expenses of 1.6millioncomparedto1.6 million compared to 1.7 million in the same period in 2023 ● Net loss was 2.1million,or2.1 million, or (0.12) per basic and diluted share, compared to a net loss of 1.1million,or1.1 million, or (0.09) per basic and diluted share in the same period in 2023 ● Working capital of 9.6millionasofMarch31,2024,with9.6 million as of March 31, 2024, with 16.2 million in inventory ● Backlog ...