POLA — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-18

• During the three months ended June 30, 2026 and 2025, 88% and 92%, respectively, of our total net sales were within the telecommunications market. During the three months ended June 30, 2026 and 2025, sales to international customers accounted for 26 and 3% of total net sales, respectively; sales to…

• During the six months ended June 30, 2026 and 2025, 93% and 88%, respectively, of our total net sales were within the telecommunications market. During the six months ended June 30, 2026 and 2025, sales to international customers accounted for 12 and 9% of total net sales, respectively; sales to mil…

• Our sales backlog as of June 30, 2026 was $3,668, of which our telecommunications customers accounted for 77%, customers in the military market accounted for 22%, and customers in other markets accounted for 1%.

• Our net sales for the three months ended June 30, 2026 were $1,019, which represents a 62% decrease in net sales as compared to $2,708 for the three months ended June 30, 2025. Our net sales for the six months ended June 30, 2026 were $2,747, which represents a 38% decrease in net sales as compared …

• We experienced delays sourcing components and third-party services which affected our production during the three months period ending June 30, 2026.

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• During the three months ended March 31, 2026 and March 31, 2025, 96% and 82%, respectively, of our total net sales were within the telecommunications market. During the first quarter of 2026, our largest customer, a Tier-1 telecommunications customer in the U.S., represented 72% of our total net sal…

• Our net sales for the three months ended March 31, 2026 were $1,728, compared to $1,723 for the three months ended March 31, 2025. We reported a net loss of $178 for the three months ended March 31, 2026, as compared to a net loss of $1,265 for the same period in 2025. Cost reductions in operating e…

• We believe revenue during the quarter ended March 31, 2026 continued to be impacted by excess inventory at our customer’s warehouse in addition to economic and geopolitical factors influencing our customers’ buying decisions.

• March 31, Dollar Variance Percentage Variance Results as a Percentage of Net Sales for the Period Ended March 31,

• Net Sales. Net sales increased $5 to $1,728 for the three months ended March 31, 2026, as compared to $1,723 for the same period in 2025. During the three months ended March 31, 2026, our largest customer accounted for 72% of our total net sales. During the same period in 2025, our two largest custo…

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• On May 19, 2026, we were evicted from 249 E. Gardena Boulevard, Gardena, California 90248, our headquarters facility, under a writ of possession for the recovery by the landlord of such facility. See “Note 10 – Subsequent Events – Headquarters and Warehouse Facilities” of the Notes to our condensed …

Text removed vs the prior filing · source: 10-Q · 2026-05-20

• We have been evicted from our headquarters facility and may face eviction from our warehouse facility; it we fail to have appropriate facilities to operate our business, our operations, financial condition and results of operations will be adversely affected.

• On May 11, 2026, we entered into a Settlement Agreement with the landlord for each of our headquarters facility and our warehouse facility that became effective as of May 7, 2026. The Settlement Agreement addressed the matter of delinquent rents and an expired lease. Regarding our headquarters facil…

• On May 19, 2026, the landlord for our headquarters facility evicted us from that facility. The headquarters facility is where we, among other things, have our offices, conduct design work, and assemble and tests our products. We are currently relocating these activities to our warehouse facility. We…

• As of the date hereof, we are pursuing third-party financing that we would use to pay the landlords and certain other expenses. There is no guarantee that we will raise sufficient capital to pay the delinquent rent or that the landlord for the headquarters facility would agree to let us use that fac…