Polar Power(POLA) - 2024 Q1 - Quarterly Results

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