GARDENA, CA, Nov. 20, 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, today reported its financial results for the three months ended September 30, 2025. Polar Power reported net sales of $1.3 million for the three months ended September 30, 2025 which represented a 74% decline in sales compared to the same period last year. The drop in sales combined with $1.97 million inventory write downs r ...

Core Insights - AMSC reported a revenue increase of over 20% year-over-year for the second quarter of fiscal 2025, reaching $65.9 million compared to $54.5 million in the same period of fiscal 2024, driven by organic growth and the acquisition of NWL, Inc. [2][5] - The company achieved a net income of $4.8 million, or $0.11 per share, for the second quarter of fiscal 2025, slightly down from $4.9 million, or $0.13 per share, in the same quarter of fiscal 2024 [3][9] - AMSC's non-GAAP net income for the second quarter was $8.9 million, or $0.20 per share, compared to $10.0 million, or $0.27 per share, in the prior year [3][21] - The company reported cash, cash equivalents, and restricted cash totaling $218.8 million as of September 30, 2025, a significant increase from $85.4 million at the end of March 2025 [4][19] Financial Performance - AMSC's gross margin surpassed 30% for the second quarter, indicating improved profitability [5][9] - The company expects third-quarter revenues to be in the range of $65.0 million to $70.0 million, with net income projected to exceed $2.0 million, or $0.05 per share [6][22] - Non-GAAP net income for the third quarter is anticipated to exceed $6.0 million, or $0.14 per share [6][23] Business Outlook - AMSC's CEO expressed confidence in the company's execution and the strong order demand across energy and military markets, supported by domestic manufacturing and reliable power needs [5][8] - The company is optimistic about the opportunities ahead in fiscal 2025, indicating a positive outlook for growth [5][6] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on enhancing the performance and reliability of power networks and naval fleet operations [8][10] - The company operates globally, with a presence in Asia, Australia, Europe, and North America, and is committed to meeting the demand for smarter and cleaner energy solutions [8][10]

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Core Insights - AMSC plans to release its second quarter fiscal year 2025 financial results on November 5, 2025, after market close [1] - A conference call with investors and analysts will take place on November 6, 2025, at 10:00 a.m. Eastern Time to discuss recent accomplishments, financial results, and business outlook [1] Company Overview - AMSC is a leading provider of megawatt-scale power resiliency solutions, focusing on optimizing power grid performance and enhancing Navy fleet capabilities [1][3] - The company offers various solutions including Gridtec™ for grid systems, Marinetec™ for ship protection and power management, and Windtec™ for wind energy systems [3] - AMSC was founded in 1987 and is headquartered near Boston, Massachusetts, with operations across Asia, Australia, Europe, and North America [3]

Core Insights - Mission Critical Group (MCG) has appointed Julie Peffer as Chief Financial Officer, bringing over 30 years of experience in financial operations and strategic growth from various global organizations [1][2] - Peffer previously served as CFO at BigBear.ai, guiding financial strategy during rapid expansion in defense and AI sectors, and is also a Board Member at Nine Energy Service [2] - Her role at MCG will involve overseeing financial, accounting, and IT operations to support the company's growth as a U.S.-based manufacturer in mission critical power systems [2][3] Company Overview - MCG specializes in designing, manufacturing, delivering, and servicing innovative solutions for critical power challenges, leveraging over 1,000 employees with 200+ years of combined leadership experience [5] - The company operates in over one million square feet of manufacturing space, positioning itself to effectively meet evolving industry demands [5] - MCG's companies include JTS, Point Eight Power, and DVM Power + Control, indicating a diverse portfolio within the power infrastructure sector [5]

Core Insights - Hybrid Power Solutions Inc. has partnered with Tire Butler, a leading mobile tire service provider in Canada, to utilize the Batt Pack Pro as the preferred power system for its fleet [1][3] - Tire Butler aims to replace traditional onboard generators with a cleaner, quieter, and more reliable power solution, which the Batt Pack Pro provides through its plug and play functionality and high surge power capacity [2][3] - The partnership emphasizes the growing demand for sustainable mobile services and positions both companies as leaders in the transition towards cleaner operational practices in the service and transportation industries [4] Company Overview - Tire Butler is recognized as North America's first premier at-home service provider for automotive goods and services, focusing on innovation, convenience, and trust [5] - The company offers a comprehensive range of services including tire swaps, storage, rotations, and balancing, catering to the needs of modern drivers [6] - Hybrid Power Solutions Inc. specializes in developing portable power systems aimed at eliminating fossil fuel dependency in off-grid applications, highlighting its commitment to environmental responsibility and technological innovation [7]

Core Insights - TurnOnGreen, Inc. has announced the shipment of its first production lot of proprietary power conversion systems to a major defense OEM, marking a significant transition to full production on a multi-year program valued between $15 million and $19 million [1][2]. Group 1: Company Overview - TurnOnGreen, Inc. specializes in designing and manufacturing innovative, high-performance power solutions for mission-critical applications across various industries, including defense, aerospace, medical, telecommunications, and e-mobility [5]. - The company has over 50 years of expertise in developing customer-driven solutions that enhance performance, sustainability, and reliability [5]. Group 2: Product and Technology - The power systems developed by TurnOnGreen's defense production division, Digital Power Corporation, are designed for Light Armored Vehicles (LAV) and Rugged Tactical Reconnaissance Vehicles (RTRV), featuring high-reliability electrical architectures to withstand harsh operational environments [2]. - These ruggedized power systems are essential for delivering continuous, stable power to mission-critical electronics, enabling reliable communications and real-time situational awareness [2][4]. Group 3: Leadership Perspective - The Chairman and CEO of TurnOnGreen, Amos Kohn, emphasized the company's engineering excellence and ability to meet the growing power demands of armored and emergency vehicles with efficient and sophisticated systems [4].

Core Insights - Liquidity Services is offering two high-capacity (13.14 MW each) DRUPS systems from a large data storage manufacturer in California, available for immediate purchase [1][2] - The sale targets new data centers, semiconductor, pharmaceutical, and critical infrastructure operators, providing a premium backup power solution without long lead times [2] - The systems include complete switchgear, transformer distribution systems, sound suppression enclosures, and meet BAAQMD Tier 4 environmental control standards [2] Company Overview - AllSurplus is the leading online marketplace for surplus business assets, enabling sellers to manage listings efficiently with lower fees compared to traditional auction methods [4] - Liquidity Services, the parent company of AllSurplus, has a strong reputation in the surplus industry, having supported millions of customers globally [4]

Core Insights - AMSC reported a significant revenue increase of 80% year-over-year for the first quarter of fiscal 2025, reaching $72.4 million compared to $40.3 million in the same period of fiscal 2024, driven by organic growth and the acquisition of NWL, Inc. [2][5] - The company achieved a net income of $6.7 million, or $0.17 per share, marking a turnaround from a net loss of $2.5 million, or $0.07 per share, in the prior year [3][9] - AMSC's non-GAAP net income for the first quarter was $11.6 million, or $0.30 per share, compared to $3.0 million, or $0.09 per share, in the same period of fiscal 2024 [3][21] - Cash and cash equivalents increased significantly to $213.4 million as of June 30, 2025, up from $85.4 million at the end of the previous quarter [4][19] Business Outlook - For the second quarter ending September 30, 2025, AMSC anticipates revenues in the range of $65.0 million to $70.0 million, with expected net income exceeding $2.0 million, or $0.05 per share [6][22] - The company expects non-GAAP net income for the second quarter to exceed $6.0 million, or $0.14 per share [6][22] Management Commentary - Daniel P. McGahn, Chairman, President, and CEO, highlighted the company's accelerated growth and exceptional execution, noting the strength in the semiconductor market driven by demand for artificial intelligence and data centers [5][9] - The company is confident in its ability to scale the business, diversify revenue streams, and maintain strong financial performance moving forward [5][9] Financial Performance - AMSC's gross margin surpassed 30% in the first quarter, reflecting improved operational efficiency [5][9] - The company reported total operating expenses of $18.8 million, up from $15.5 million in the same period last year, with increased investments in research and development [14][15]

Core Viewpoint - Rolls-Royce is investing $75 million to expand its engine manufacturing facility in Aiken, South Carolina, to enhance production of mtu Series 4000 diesel engines for critical infrastructure [1][2]. Group 1: Investment and Expansion - The investment will increase output of mtu Series 4000 diesel engines, which are essential for backup power systems in data centers [1]. - The expansion is expected to create 60 new jobs and strengthen Rolls-Royce's industrial presence in the U.S. [2]. - The first phase of the expansion is set to begin in Q1 2026, with production starting in July 2027 [4]. Group 2: Strategic Shift - This move indicates Rolls-Royce's strategic shift towards energy and power systems, moving beyond its traditional aerospace focus [2]. - The company plans to machine additional mtu Series 4000 components in the U.S., reducing reliance on German production [3]. - The South Carolina site will serve as a hub for Rolls-Royce's North American power systems strategy [4]. Group 3: Market Demand - The investment reflects the growing demand for reliable, domestically produced energy systems in the U.S., contributing to energy independence and security [3]. - The expansion aligns with the fast-growing American data center industry, enhancing service capabilities for U.S. customers [2].