Aftermarket Growth

Polar Power (NASDAQ: POLA) reported flat Q1 2025 revenue of $1.7M YoY but achieved a significant turnaround: gross profit reached $320K (18.6% margin) versus a prior $402K loss, and net loss narrowed 41% to $1.2M. Telecom sales dominated (82% of revenue), while aftermarket parts/services contributed 28%. International sales tripled to 18%. Despite improved cash flow (operational burn halved to $584K), liquidity remains pressured with only $68K cash reserves against $9.1M liabilities. Management highlights $50M manufacturing capacity potential if order flow stabilizes, but execution risks persist. The company plans to retrofit remote monitoring tech onto 5,000+ legacy units to drive recurring revenue. (Word count: 99)