Polar Power reported Q1 2026 revenue of $1.73 million. Year-over-year revenue remained flat. The company narrowed its net loss to $0.18 million. This loss equates to $0.05 per share.
Authorities evicted the company from its Gardena, California headquarters on May 19, 2026. The eviction followed $858,000 in unpaid rent. Operations moved to the company's remaining warehouse.
Polar Power holds only $27,000 in cash. Current liabilities total $9.1 million. The company faces Nasdaq delisting. Management also issued a going-concern warning.
The micro-cap stock surged 9.92% on May 21, 2026. Shares closed at $2.05 following a multi-day rally.