UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2020 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 | 33-0 ...

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, 2020 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 33-0479020 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 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 | 33-0479020 | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from _____________ to _____________ Commission file number: 001-37960 POLAR POWER, INC. (Exact name of registrant as specified in its charter) 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 September 30, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 33-0479 ...

Financial Data and Key Metrics Changes - Revenues for Q3 2019 were $6.9 million, a 30% increase from $5.0 million in the same quarter last year [41] - Gross profit for the quarter was $2.2 million, a 46% increase compared to $1.5 million in Q3 2018 [43] - Net income for Q3 2019 totaled $48,000, compared to a net loss of $0.7 million in Q3 2018 [45] - Current assets grew to $24.3 million as of September 30, 2019, compared to $23 million at the end of 2018 [46] Business Line Data and Key Metrics Changes - Backlog at the end of Q3 2019 was $3 million, down from $11.5 million at the end of the same quarter last year, primarily due to reduced lead times and lower sales to Tier-1 telecom customers [41][42] - Operating expenses decreased to $2.2 million in Q3 2019 from $2.3 million in Q3 2018 [44] Market Data and Key Metrics Changes - The domestic telecom market is seen as a compelling growth area, despite experiencing short-term volatility due to budget shifts towards 5G rollouts [14][42] - The company is expanding its U.S. distribution network and targeting last mile carriers to diversify its customer base [15][17] Company Strategy and Development Direction - The company is focusing on optimizing resources to pursue growth opportunities and diversifying its business plan [9] - Plans to introduce new products, including propane and natural gas generators powered by Toyota engines, are underway [15][16] - The company aims to expand into markets outside of telecom, with significant interest in solar hybrid LPG systems for various applications [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term value of their products despite short-term volatility in the telecom sector [42] - The company is optimistic about the future demand for backup power solutions due to increasing power outages and the need for reliable energy sources [22][34] - Management highlighted the importance of diversifying the customer base to mitigate risks associated with reliance on Tier-1 telecom customers [90][92] Other Important Information - The company has completed emissions testing required by the EPA and is awaiting certification to market its environmentally friendly product line [16][145] - The company is actively recruiting and training personnel to improve manufacturing efficiencies and support sales efforts [29] Q&A Session Summary Question: Can you walk us through the inventory increase and its implications? - Management indicated that inventory levels are increasing to secure timely delivery and that a significant portion consists of engines and components [53][56] Question: What products do you have for the 5G rollout? - The company is working directly with manufacturers of 5G equipment and is adapting its offerings to meet the evolving power needs of wireless carriers [61][62] Question: What is the status of the military market opportunities? - The military market presents long-term opportunities, with the potential for follow-on orders and R&D funding, although it requires custom solutions [72][74] Question: What are the challenges in the international market? - Management acknowledged difficulties in predicting contract timelines and emphasized the need for better support for field sales efforts [76][77] Question: Can you provide details on the new residential product pricing? - The company expects its residential products to be priced between $18,000 and $35,000, emphasizing their efficiency and multi-functional capabilities [110][112]

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2019 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 33-0479020 ( ...

Polar Power, Inc. (NASDAQ:POLA) Q2 2019 Results Earnings Conference Call August 12, 2019 4:30 PM ET Company Participants Shawn Severson - Investor Relations Arthur Sams - Chief Executive Officer Raj Masina - Chief Operations Officer Luis Zavala - Chief Financial Officer Conference Call Participants Craig Irwin - ROTH Capital Partners Robert Marcin - Penn Capital Operator Please standby. Good day. And welcome to the Polar Power’s Second Quarter 2019 Financial Results Conference Call. Today’s conference is be ...

Financial Data and Key Metrics Changes - Revenues for Q1 2019 were $7.75 million, a 59% increase compared to $4.87 million in Q1 2018, primarily driven by sales to Tier-1 telecommunications customers in the U.S. [6][46] - Gross profit for the quarter was $2.39 million, up 61% from $1.48 million in the same period last year, with a gross margin of 31%, slightly up from 30% in Q1 2018 [8][48] - The company reported a net income of $70,703 or $0.01 per share, compared to a net loss of $318,802 or $0.03 per share in Q1 2018 [9][51] - Backlog at the end of Q1 2019 was $14.16 million, significantly higher than $2.56 million a year ago, but down from $16 million at the end of Q4 2018 [7][47] Business Line Data and Key Metrics Changes - The telecom segment is seeing increased demand driven by network hardening and the rollout of 5G, with a focus on larger DC generators [13][14] - The company is expanding its production capacity and workforce by 21% to meet expected higher demand [10][65] - Emerging growth areas include hybrid electric vehicles and solar hybrid systems, with military applications driving demand [18][19] Market Data and Key Metrics Changes - The U.S. telecom market remains a primary focus, with significant opportunities in last-mile carriers and international markets expected to grow [30][31] - International sales are anticipated to become a larger portion of the business, with ongoing proposals submitted to Tier-1 clients globally [31][32] Company Strategy and Development Direction - The company aims to increase market share with top-tier U.S. telecom providers and diversify its customer base by expanding into military, commercial, and residential markets [26][28] - Plans include opening a second manufacturing plant to nearly double production capacity and enhance operational efficiencies [37][41] - The company is focused on providing industry-leading technology and power solutions through R&D, including integrating solar and lithium battery storage solutions [42][44] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustained strength in the telecom segment for 2019, driven by current forecasts and backlog [14][29] - The company is in an investment phase to build a world-class global business, with expectations of improved operating efficiencies as production ramps up [10][41] - Management acknowledged challenges in supply chain and production ramp-up but remains confident in meeting growing demand [57][62] Other Important Information - The company is currently working on EPA certification for new LPG generators, with expected market entry in the U.S. contingent on successful testing [84][85] - Tariffs on raw materials like steel and aluminum are impacting costs, but the company has secured significant inventories to mitigate these effects [90][91] Q&A Session Summary Question: Revenue trends from January to March - Management noted that revenue started weak in January, improved in February, and continued to grow in March, primarily due to supply chain constraints [55][57] Question: Production capacity and cash position - The company expects to achieve up to $5 million in monthly revenue with both factories operating at full efficiency, and plans to secure a line of credit to support cash flow [58][60] Question: Staffing and operational improvements - The workforce has increased by 21%, with significant investments in mid-level management to enhance production capabilities [65][70] Question: International sales and revenue expectations - Management anticipates that international sales will contribute significantly to revenue by the end of the year, with ongoing efforts to close contracts in Southeast Asia and Africa [103][108] Question: Gross margin targets - Management indicated that gross margins are expected to remain in the 30% to 35% range as production efficiencies improve and the customer base diversifies [112][118]

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, 2019 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 33-0479020 ...

1 INVESTOR PRESENTATION December 2018 Copyright 2018 Polar Power Inc. NASDAQ: POLA SAFE HARBOR 2 The following discussion, in addition to the other information contained in this presentation, should be considered carefully in evaluating our prospects. This presentation (including without limitation the following factors that may affect operating results) contains forward-looking statements regarding us and our business, financial condition, results of operations and prospects. Words such as "expects," "anti ...