Polar Power Reports Second Quarter 2025 Financial Results Exhibit 99.1 GARDENA, CA – August 14, 2025 – Polar Power, Inc. ("Polar Power" or the "Company") (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended June 30, 2025. Q2 2025 Financial Highlights Arthur Sams, Chairman and CEO of Polar Power, commented, "The telecom market continues to dominate our customer base for our DC power systems. During the second quarter ...

GARDENA, CA, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months ended June 30, 2025. Q2 2025 Financial Highlights ●Net sales were $2.7 million, compared to $4.6 million in the same period in 2024, a 42% decline●Gross profit decreased to $930,000, compared to $1.8 million in the same period in 2024, a 49% decline●Operating expenses decli ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR Commission file number: 001-37960 (310) 830-9153 POLAR POWER, INC. (Registrant's telephone number, including area code) (Exact n ...

Financial Performance - Net sales for Q1 2025 were $1.7 million, unchanged from the same period last year[6] - Gross profit increased to $320,000, representing 18.6% of sales, an improvement of 180% from a gross loss of $402,000 in Q1 2024[6] - Operating expenses declined by 10% to $1.4 million compared to $1.5 million in Q1 2024[6] - Net loss improved to $1.2 million, or $(0.50) per share, a 41% reduction from a net loss of $2.1 million, or $(0.85) per share in Q1 2024[6] - Cash used in operating activities was $584,000, down from $989,000 in the same period last year[6] Sales Performance - Sales to telecom customers represented 82% of total net sales in Q1 2025, up from 71% in Q1 2024[4] - Sales to international markets increased to 18% of total net sales in Q1 2025, compared to 6% in Q1 2024[4] Future Plans and Potential - The company plans to implement a remote monitoring system on over 5,000 legacy units in the next twelve months, expected to generate additional aftermarket revenue[4] - Approximately $13 million of raw materials in inventory will help reduce cash burn for the rest of the year[4] - The company has the potential to produce over $50 million in revenue per year with sufficient bookings due to improvements in manufacturing capacity[4]

Core Viewpoint - Polar Power, Inc. reported its financial results for Q1 2025, highlighting improvements in operational efficiency, increased sales in aftermarket parts and services, and a focus on expanding its customer base [1][3]. Financial Performance - Net sales for Q1 2025 were $1.7 million, consistent with the same period last year [6]. - Gross profit increased to $320,000, representing 18.6% of sales, an improvement of 180% from a gross loss of $402,000 in Q1 2024 [6]. - Operating expenses declined by 10% to $1.4 million compared to $1.5 million in Q1 2024 [6]. - Net loss decreased to $1.2 million, or $(0.50) per share, a 41% improvement from a net loss of $2.1 million, or $(0.85) per share in the same period last year [6]. - Cash used in operating activities was $584,000, down from $989,000 in Q1 2024 [6]. Sales and Market Segments - Sales to telecom customers represented 82% of total net sales in Q1 2025, up from 71% in Q1 2024 [3]. - Sales to international markets increased to 18% of total net sales in Q1 2025, compared to 6% in the same period last year [3]. - Sales to military customers accounted for 17% of total net sales in Q1 2025, down from 26% in Q1 2024 [3]. Operational Developments - The company has seen a steady decline in excess inventory at its largest customer, leading to higher bookings towards the end of Q1 2025 [3]. - Implementation of a companywide ERP system has streamlined manufacturing operations, improving labor efficiencies and manufacturing lead times [3]. - Approximately $13 million of raw materials in inventory is expected to help reduce cash burn for the remainder of the year [3]. - The company has enhanced its manufacturing capacity, with the potential to generate over $50 million in revenue annually, assuming sufficient bookings [3]. Product and Service Innovations - Polar Power provides advanced DC power solutions across various sectors, including telecom, military, renewable energy, and more [4]. - The company is focusing on aftermarket parts and services, which accounted for 28% of total net sales in Q1 2025 [3]. - Joint efforts with telecom customers to implement remote monitoring systems on legacy units are expected to enhance product uptime and generate additional revenue [3].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission file number: 001-37960 POLAR POWER, INC. (Exact name of registrant as specified in its charter) | Delaware | 33-0479 ...

Financial Performance - Sales for 2024 were $14 million, representing a 6.7% decline from 2023[6] - Gross profit increased by 89% to $1.3 million, or 9.4% of sales, compared to $695,000, or 4.5% of sales in 2023[6] - Net loss for 2024 was $4.6 million, or $(1.86) per share, a decrease from a net loss of $6.5 million, or $(3.45) per share in 2023[6] - Operating expenses declined by $1 million to $5.7 million compared to $6.7 million in the prior year[6] Revenue Sources - Military/government revenues nearly doubled to approximately $1.5 million for the year[4] - The company expects follow-on orders from the UNHCR and other global customers due to successful hybrid solutions[4] Cash Flow and Liquidity - Cash used in operating activities was $536,000 in 2024, significantly reduced from $3.4 million in 2023[6] - Total net debt was $5.0 million, with total liquidity of $1.1 million as of December 31, 2024[6] Product Development - New product line for mobile electric vehicle chargers was successfully tested in 2024 and is planned for launch this year[4] - Inventories decreased by $3.5 million, primarily due to the utilization of existing inventory[6]

Financial Performance - Polar Power reported sales of $14 million for 2024, representing a 6.7% decline from 2023 [6] - Gross profit increased by 89% to $1.3 million, or 9.4% of sales, compared to $695,000, or 4.5% of sales in 2023 [6] - Operating expenses decreased by $1 million to $5.7 million compared to $6.7 million in the prior year [6] - The net loss for 2024 was $4.6 million, a reduction of $1.9 million from a net loss of $6.5 million in 2023 [6] Operational Highlights - The company achieved profitability in two quarters of 2024, primarily through the production of standard DC generators for backup and prime power applications [3] - Polar Power successfully reduced customer concentration in the telecom sector, with military/government revenues nearly doubling to approximately $1.5 million for the year [3] - The company implemented internal changes to broaden product penetration in traditional and new markets, including mobile electric vehicle chargers [3] Strategic Developments - Polar Power has established a new reference account with the United Nations High Commissioner for Refugees (UNHCR), showcasing significant fuel savings of up to 70% in diesel costs through their hybrid solution [3] - The hybrid system provided to UNHCR in Lagos, Nigeria, has exceeded performance expectations, leading to potential follow-on orders from this and other government agencies globally [3] Inventory and Cash Flow - Inventories decreased by $3.5 million, primarily due to the utilization of existing inventory rather than new acquisitions [6] - Cash used in operating activities was $536,000 in 2024, a significant improvement from $3.4 million in 2023 [6] Balance Sheet Overview - As of December 31, 2024, total assets were $17.5 million, down from $25.3 million in 2023 [10][11] - Total liabilities decreased to $9.0 million from $12.1 million in the previous year [11] - Total stockholders' equity was $8.5 million, down from $13.2 million in 2023 [11]

Core Points - Polar Power, Inc. has successfully regained compliance with Nasdaq's minimum bid price requirement, which is crucial for the company's growth and stability [1][8] - The company emphasizes its commitment to protecting and building shareholder value through corporate actions [6] - Polar Power's product portfolio includes innovative solutions for various sectors, including telecom, military, renewable energy, and residential applications [9][10] Company Overview - Polar Power specializes in prime, backup, solar hybrid power, and microgrid solutions, providing advanced power and cooling systems across diverse industrial applications [1][9] - The company offers mobile rapid battery charging technology for electric vehicles and combined heat and power (CHP) residential systems [3][9] - Its micro/nano grid solutions are designed to provide lower-cost energy in challenging grid environments [10] Market Position - Polar Power's telecom power solutions are noted for significant cost savings in installation, permitting, site leases, and operation [6] - The company is pioneering technological advancements that aim to change the production, consumption, and environmental impact of power generation [9]

Core Viewpoint - Polar Power, Inc. intends to execute a reverse stock split at a ratio of 1-for-7 to regain compliance with Nasdaq's minimum bid price requirement of $1.00, effective November 19, 2024 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will combine every seven shares of common stock into one share, without changing the par value per share [3]. - The reverse stock split will affect all outstanding shares and the number of shares available under the equity incentive plan, as well as stock options, which will see a corresponding increase in exercise price [3]. - No fractional shares will be issued; stockholders entitled to fractional shares will receive an additional fraction to round up to the next whole share, with no cash paid for fractional shares [4]. Group 2: Company Overview - Polar Power is a global provider of prime, backup, solar hybrid power, and microgrid solutions, focusing on innovative power and cooling systems across various industrial applications [5]. - The company's product portfolio includes solutions for telecom, military, renewable energy, marine, automotive, residential, commercial, oil field, and mining applications, emphasizing efficiency and durability [5]. - Polar Power's technology includes mobile rapid battery charging for electric vehicles and combined heat and power systems for residential use, optimizing performance and costs [6].