Polar Power Inc
polarpower.comWhat Do They Do?
Designs, builds and sells DC power generators and renewable-energy systems for telecommunications providers, military customers and commercial users.
10-K for FY2025, filed Apr 15, 2026We design, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the…View ↗
How Do They Make Money?
Customers mainly pay for DC power systems when products ship or are delivered, and for accessories and engineering or technical support when each item or service is completed. Equipment rentals are billed over fixed rental periods.
10-K for FY2025, filed Apr 15, 2026Substantially all of our revenue is derived from product sales. Product revenue is recognized when performance obligations under the terms…View ↗
Substantially all of the Company’s revenue is derived from product sales. Product revenue is recognized when performance obligations under…View ↗
The Company also recognizes revenues from engineering services, technical support, and sale of accessories that support the Company’s…View ↗
The Company also recognizes revenues from the rental of equipment. The Company’s rental revenues have not been significant to date and have…View ↗
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10-K for FY2025, filed Apr 15, 2026
FY2025 revenue by product or service ↗
$6.3M
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10-K for FY2025, filed Apr 15, 2026
$6.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
DC Power Systems
Sold outright
10-K for FY2025, filed Apr 15, 2026 |
71%
FY2022: 95%
|
DC Power Systems, FY2025
$4.5M Sources
|
Sold outright |
|
Engineering & Tech Support Services
Sold outright
|
2.4%
FY2022: 3.7%
|
Engineering & Tech Support Services, FY2025
$152K Sources
|
Sold outright |
|
Accessories
Sold outright
10-K for FY2025, filed Apr 15, 2026 |
26%
FY2022: 1.5%
|
Accessories, FY2025
$1.7M Sources
|
Sold outright |
Who Are Their Customers?
Telecommunications providers buy directly through Polar Power’s sales force and regional sales managers; DC and hybrid generators are marketed directly to end customers, while aftermarket parts in some regions are sold through dealers.
10-K for FY2025, filed Apr 15, 2026
10-K for FY2025, filed Apr 15, 2026
Revenues. For the year ended December 31, 2025, 65% of our revenue was generated from the Company’s largest customer, being a Tier-1…View ↗
Do Revenues Turn Into Profits?
No. It lost $9.1M in FY2025.
10-K for FY2025, filed Apr 15, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 18, 2026
−$1.8MView ↗
- ▲ +576% (Loss)
- vs −$271K in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 18, 2026
Open tableView ↗
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Jul 6, 2026
Nasdaq extended the deadline to meet its stockholders’ equity requirement
The company must choose a compliance route by October 28, 2026; failing to demonstrate compliance could lead to delisting.
Sources
8-K, filed Jul 6, 2026
On June 29, 2026, the Company received a letter from the Staff granted the Company an extension of time to regain compliance with the Rule.…View ↗
Shrinking. Revenue fell 63% in 4 years, from $16.9M in FY2021 to $6.3M in FY2025, about 22% a year.
Broader sales targets
The latest report describes added sales efforts aimed at smaller telecommunications operators, off-grid remote-area applications and residential charging; the older report emphasizes telecommunications operators and international sales offices.
10-K for FY2022, filed Mar 31, 2023 10-K for FY2025, filed Apr 15, 2026Since 2012, we developed products and configurations that target telecommunications applications with key features like high fuel…View ↗
Strong Customer Base. Our customer base consists of large telecommunications companies, military sub-contractors and industrial companies.…View ↗
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