See more : Solus Advanced Materials Co. Ltd. (33637L.KS) 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.
- CGG (CGG.PA) Income Statement Analysis – Financial Results
- Gansu Golden Glass Technologies Limited (300093.SZ) Income Statement Analysis – Financial Results
- VMG Consumer Acquisition Corp. (VMGA) Income Statement Analysis – Financial Results
- Ege Endüstri ve Ticaret A.S. (EGEEN.IS) Income Statement Analysis – Financial Results
- NEWTIME INFRASTRUCTURE LIMITED (NEWINFRA.BO) Income Statement Analysis – Financial Results
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 |
POLA Stock Alert: Is Polar Power the Next Big EV Stock?
Why Is Polar Power (POLA) Stock Up 70% Today?
7 Short-Squeeze Stocks for Bold Contrarians to Consider
7 Best Green Penny Stocks to Buy Now
Most Active Penny Stocks To Watch With Oil & Energy In Focus Right Now
Polar Power, Inc. Announces Closing of Public Offering
Polar Power, Inc. Announces Pricing of Public Offering
POLA Stock Price Increases Over 15% Pre-Market: Why It Happened
Source: https://incomestatements.info
Category: Stock Reports