Polar Power reports Q1 2026 net loss narrowed 86% YoY to $176K

Polar Power achieved substantial operational improvements in Q1 2026 with gross margin expanding to 65.7%, operating expenses declining 22%, and net loss shrinking 86% to $176K. The company posted a $3.8M sales backlog as of May 30, 2026, and improved its balance sheet with positive working capital of $2.1M.