See more : CIR S.p.A. – Compagnie Industriali Riunite (CIR.MI) Income Statement Analysis – Financial Results
Complete financial analysis of Polar Power, Inc. (POLA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Polar Power, Inc., a leading company in the Electrical Equipment & Parts industry within the Industrials sector.
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Polar Power, Inc. (POLA)
About Polar Power, Inc.
Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States and internationally. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems, and mobile power systems. Its DC power systems are available in diesel, natural gas, LPG/propane, and renewable fuel formats. The company serves customers in the telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and a network of independent service providers and dealers. The company was formerly known as Polar Products, Inc. and changed its name to Polar Power, Inc. in October 1991. Polar Power, Inc. was incorporated in 1979 and is based in Gardena, California.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.29M | 16.06M | 16.90M | 9.03M | 24.80M | 24.05M | 14.42M | 22.80M | 6.85M | 5.20M |
| Cost of Revenue | 14.60M | 13.93M | 13.45M | 14.65M | 19.88M | 16.61M | 9.58M | 12.62M | 4.43M | 3.29M |
| Gross Profit | 695.00K | 2.13M | 3.45M | -5.62M | 4.92M | 7.43M | 4.84M | 10.18M | 2.41M | 1.91M |
| Gross Profit Ratio | 4.54% | 13.23% | 20.39% | -62.26% | 19.84% | 30.91% | 33.58% | 44.65% | 35.25% | 36.79% |
| Research & Development | 1.22M | 1.46M | 1.99M | 1.72M | 2.28M | 1.91M | 1.33M | 213.93K | 116.30K | 108.56K |
| General & Administrative | 4.29M | 4.73M | 3.07M | 4.06M | 4.00M | 4.04M | 2.85M | 2.11M | 1.45M | 553.11K |
| Selling & Marketing | 1.17M | 1.47M | 1.49M | 1.56M | 2.62M | 2.58M | 1.35M | 424.58K | 392.31K | 191.79K |
| SG&A | 5.46M | 6.20M | 4.56M | 5.62M | 6.63M | 6.62M | 4.20M | 2.54M | 1.85M | 744.90K |
| Other Expenses | 0.00 | 7.00K | 1.74M | -3.40M | 40.06K | 0.00 | 62.37K | 26.89K | 143.57K | 95.00K |
| Operating Expenses | 6.69M | 7.66M | 6.54M | 7.34M | 8.90M | 8.53M | 5.56M | 2.78M | 2.11M | 948.45K |
| Cost & Expenses | 21.28M | 21.59M | 19.99M | 22.00M | 28.78M | 25.15M | 15.14M | 15.40M | 6.54M | 4.24M |
| Interest Income | 0.00 | 58.00K | 60.00K | 14.00K | 63.00K | 55.71K | 54.79K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 559.00K | 58.00K | 60.00K | 48.00K | 103.34K | 20.17K | 17.82K | 112.55K | 50.97K | 44.93K |
| Depreciation & Amortization | 387.00K | 507.00K | 549.00K | 1.25M | 1.29M | 385.58K | 255.63K | 207.86K | 143.57K | 95.00K |
| EBITDA | -5.60M | -5.02M | -805.00K | -12.33M | -2.65M | -657.50K | -483.96K | 7.61M | 450.10K | 1.06M |
| EBITDA Ratio | -36.63% | -31.26% | -4.76% | -129.73% | -10.70% | -2.73% | -3.23% | 33.38% | 6.57% | 20.38% |
| Operating Income | -5.99M | -5.53M | -3.10M | -12.96M | -3.98M | -1.10M | -721.96K | 7.40M | 306.53K | 965.23K |
| Operating Income Ratio | -39.17% | -34.46% | -18.34% | -143.55% | -16.05% | -4.57% | -5.01% | 32.47% | 4.48% | 18.56% |
| Total Other Income/Expenses | -558.00K | -51.00K | 1.68M | -46.00K | -62.75K | 35.54K | 44.54K | -140.07K | -66.30K | -99.64K |
| Income Before Tax | -6.55M | -5.58M | -1.41M | -13.01M | -4.04M | -1.06M | -677.42K | 7.26M | 240.23K | 865.59K |
| Income Before Tax Ratio | -42.82% | -34.78% | -8.37% | -144.06% | -16.31% | -4.42% | -4.70% | 31.86% | 3.51% | 16.64% |
| Income Tax Expense | 0.00 | -7.00K | 1.80M | -2.14M | 143.40K | -215.00K | 100.16K | 2.86M | 273.57K | 290.34K |
| Net Income | -6.55M | -5.58M | -3.22M | -10.87M | -4.19M | -848.25K | -777.58K | 4.40M | -33.34K | 575.25K |
| Net Income Ratio | -42.82% | -34.73% | -19.05% | -120.37% | -16.89% | -3.53% | -5.39% | 19.31% | -0.49% | 11.06% |
| EPS | -3.45 | -0.43 | -0.25 | -1.00 | -0.41 | -0.08 | -0.08 | 0.58 | 0.00 | 0.06 |
| EPS Diluted | -3.45 | -0.43 | -0.25 | -1.00 | -0.41 | -0.08 | -0.08 | 0.58 | 0.00 | 0.06 |
| Weighted Avg Shares Out | 1.90M | 12.88M | 12.72M | 10.82M | 10.13M | 10.14M | 10.14M | 7.56M | 9.78M | 9.78M |
| Weighted Avg Shares Out (Dil) | 1.90M | 12.88M | 12.72M | 10.82M | 10.13M | 10.14M | 10.14M | 7.56M | 9.78M | 9.78M |
Polar Power Announces Reverse Stock Split
GARDENA, CA, Nov. 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (NASDAQ: POLA) (“Polar Power”), a global provider of prime, backup, solar hybrid power, and microgrid solutions, today announced that it intends to effect a reverse stock split of its...
Polar Power Announces Preliminary 2024 Third Quarter Financial Results: Expected Net Sales of $4.7 - $5.2 Million and Gross Margin of 26%-32%
GARDENA, CA, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, today announces preliminary third quarter net sales between $4.7 million and...
Polar Power Announces Participation in the LD Micro Main Event XVII
Presentation on Tuesday, October 29th at 0430 PM PT Gardena, California--(Newsfile Corp. - October 16, 2024) - Polar Power (NASDAQ: POLA), a global provider of prime, backup, solar hybrid power, and microgrid solutions, announced today that it will be presenting...
Polar Power Announces Preliminary Second Quarter 2024 Corporate and Financial Update
Anticipated sales in range of $4.5-$5.0 million, backlog of approximately $5.5 million as of June 30, 2024
U.K. Top 40 Quality Dividend Stocks: Summer 2024
Unfortunately, UK investors have had to suffer weak or negative capital gains in recent years to get those high yields. The good news is that the UK remains an attractive market for dividend investors. Don't forget that companies usually retain...
Polar Power Reports First Quarter 2024 Financial Results
GARDENA, CA, May 15, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the first quarter of 2024.
Polar Power Reports Full Year and Fourth Quarter 2023 Financial Results
GARDENA, CA, April 01, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the three months and full...
Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024
Additional $2.5 Million in New Bookings includes International Military and Telecom Customers Choosing Polar Power's Unique Power Technology Platforms
Polar Power to Participate in 36th Annual Roth Conference March 17-19, 2024
GARDENA, CA, March 07, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid power solutions, announces it will participate in the 36th Annual Roth Conference, being...
United Nations High Commissioner for Refugees Awards Polar Power Initial Contract to Assure Uninterrupted Quality Electric Power for African Offices
Pilot program designed to showcase the provision of reliable, easily maintained, and cost-effective electric power in bad or no grid locations
Source: https://incomestatements.info
Category: Stock Reports