Polar Power, Inc. - Understand $pola stock

$POLA Market Cap: $7.451 Million

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Financial Snapshot

Revenue

$14.95M

TTM

Gross Margin

1.52%

TTM

Net Earnings

-$4.783M

TTM

Current Assets

$18.65M

Q3 2024

Current Liabilities

$8.515M

Q3 2024

Current Ratio

218.99%

Q3 2024

Total Assets

$20.92M

Q3 2024

Total Liabilities

$9.355M

Q3 2024

Book Value

$11.56M

Q3 2024

Cash

$498.0K

Q3 2024

P/E

-1.558

Nov 29, 2024 EST

Free Cash Flow

-$1.783M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$15.29M	$16.06M	$16.90M	$9.030M	$24.80M	$24.05M	$14.42M	$22.80M	$6.850M	$5.200M
YoY Change	-4.75%	-4.97%	87.11%	-63.59%	3.12%	66.78%	-36.75%	232.85%	31.73%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	$15.29M	$16.06M	$16.90M	$9.030M	$24.80M	$24.05M	$14.42M	$22.80M	$6.850M	$5.200M
Cost Of Revenue	$14.60M	$13.93M	$13.45M	$14.65M	$19.88M	$16.61M	$9.660M	$12.62M	$4.560M	$3.290M
Gross Profit	$695.0K	$2.125M	$3.445M	-$5.620M	$4.920M	$7.430M	$4.760M	$10.18M	$2.290M	$1.910M
Gross Profit Margin	4.54%	13.23%	20.39%	-62.24%	19.84%	30.89%	33.01%	44.65%	33.43%	36.73%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Selling, General & Admin	$5.463M	$6.198M	$4.557M	$5.620M	$6.630M	$6.620M	$4.200M	$2.540M	$1.850M	$740.0K
YoY Change	-11.86%	36.01%	-18.91%	-15.23%	0.15%	57.62%	65.35%	37.3%	150.0%
% of Gross Profit	786.04%	291.67%	132.28%		134.76%	89.1%	88.24%	24.95%	80.79%	38.74%
Research & Development	$1.222M	$1.460M	$1.986M	$1.720M	$2.280M	$1.910M	$1.330M	$210.0K	$120.0K	$110.0K
YoY Change	-16.3%	-26.49%	15.47%	-24.56%	19.37%	43.61%	533.33%	75.0%	9.09%
% of Gross Profit	175.83%	68.71%	57.65%		46.34%	25.71%	27.94%	2.06%	5.24%	5.76%
Depreciation & Amortization	$387.0K	$507.0K	$549.0K	$620.0K	$630.0K	$390.0K	$260.0K	$210.0K	$140.0K	$100.0K
YoY Change	-23.67%	-7.65%	-11.45%	-1.59%	61.54%	50.0%	23.81%	50.0%	40.0%
% of Gross Profit	55.68%	23.86%	15.94%		12.8%	5.25%	5.46%	2.06%	6.11%	5.24%
Operating Expenses	$6.685M	$7.658M	$6.543M	$7.350M	$8.900M	$8.540M	$5.560M	$2.780M	$1.980M	$950.0K
YoY Change	-12.71%	17.04%	-10.98%	-17.42%	4.22%	53.6%	100.0%	40.4%	108.42%
Operating Profit	-$5.990M	-$5.533M	-$3.098M	-$12.97M	-$3.980M	-$1.110M	-$800.0K	$7.400M	$310.0K	$960.0K
YoY Change	8.26%	78.6%	-76.11%	225.88%	258.56%	38.75%	-110.81%	2287.1%	-67.71%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Interest Expense	-$559.0K	$58.00K	-$60.00K	-$60.00K	-$60.00K	$40.00K	-$20.00K	-$110.0K	-$50.00K	-$40.00K
YoY Change	-1063.79%	-196.67%	0.0%	0.0%	-250.0%	-300.0%	-81.82%	120.0%	25.0%
% of Operating Profit								-1.49%	-16.13%	-4.17%
Other Income/Expense, Net	$1.000K	-$51.00K	$29.00K	$10.00K		$0.00	$60.00K	-$30.00K	-$20.00K	-$50.00K
YoY Change	-101.96%	-275.86%	190.0%			-100.0%	-300.0%	50.0%	-60.0%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Pretax Income	-$6.548M	-$5.584M	-$1.414M	-$13.01M	-$4.040M	-$1.060M	-$760.0K	$7.260M	$240.0K	$870.0K
YoY Change	17.26%	294.91%	-89.13%	222.03%	281.13%	39.47%	-110.47%	2925.0%	-72.41%
Income Tax				-$2.140M	$0.00	-$220.0K	$0.00	$2.860M	$270.0K	$290.0K
% Of Pretax Income								39.39%	112.5%	33.33%
Net Earnings	-$6.548M	-$5.584M	-$1.414M	-$10.87M	-$4.040M	-$850.0K	-$760.0K	$4.400M	-$30.00K	$580.0K
YoY Change	17.26%	294.91%	-86.99%	169.06%	375.29%	11.84%	-117.27%	-14766.67%	-105.17%
Net Earnings / Revenue	-42.82%	-34.78%	-8.37%	-120.38%	-16.29%	-3.53%	-5.27%	19.3%	-0.44%	11.15%
Basic Earnings Per Share	-$0.49	-$0.43	-$0.11
Diluted Earnings Per Share	-$0.49	-$0.43	-$111.2K	-$1.005M	-$398.8K	-$83.83K	-$74.95K	$469.1K	-$3.198K	$61.83K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Cash & Short-Term Investments	$549.0K	$211.0K	$5.101M	$1.650M	$2.840M	$5.640M	$14.20M	$16.24M	$260.0K	$550.0K
YoY Change	160.19%	-95.86%	209.15%	-41.9%	-49.65%	-60.28%	-12.56%	6146.15%	-52.73%
Cash & Equivalents	$549.0K	$211.0K	$5.101M	$1.650M	$2.840M	$5.640M	$14.20M	$16.24M	$260.0K	$550.0K
Short-Term Investments
Other Short-Term Assets	$2.455M	$4.629M	$6.006M	$360.0K	$1.260M	$470.0K	$240.0K	$180.0K	$90.00K	$110.0K
YoY Change	-46.96%	-22.93%	1568.33%	-71.43%	168.09%	95.83%	33.33%	100.0%	-18.18%
Inventory	$16.52M	$15.46M	$9.017M	$9.090M	$13.91M	$8.470M	$5.490M	$4.840M	$2.090M	$900.0K
Prepaid Expenses
Receivables	$1.676M	$2.230M	$4.243M	$1.190M	$930.0K	$7.730M	$3.060M	$4.400M	$1.500M	$630.0K
Other Receivables	$787.0K	$787.0K	$787.0K	$2.360M	$240.0K	$710.0K	$630.0K	$0.00	$0.00	$0.00
Total Short-Term Assets	$21.99M	$23.32M	$25.15M	$14.65M	$19.18M	$23.02M	$23.61M	$25.66M	$3.950M	$2.190M
YoY Change	-5.7%	-7.3%	71.7%	-23.62%	-16.68%	-2.5%	-7.99%	549.62%	80.37%
Property, Plant & Equipment	$3.162M	$778.0K	$1.933M	$3.060M	$4.290M	$2.120M	$820.0K	$740.0K	$540.0K	$440.0K
YoY Change	306.43%	-59.75%	-36.83%	-28.67%	102.36%	158.54%	10.81%	37.04%	22.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$108.0K	$93.00K	$93.00K	$90.00K	$90.00K	$90.00K	$90.00K	$230.0K	$290.0K	$290.0K
YoY Change	16.13%	0.0%	3.33%	0.0%	0.0%	0.0%	-60.87%	-20.69%	0.0%
Total Long-Term Assets	$3.270M	$871.0K	$2.026M	$3.150M	$4.380M	$2.220M	$910.0K	$970.0K	$830.0K	$730.0K
YoY Change	275.43%	-57.01%	-35.68%	-28.08%	97.3%	143.96%	-6.19%	16.87%	13.7%
Total Assets	$25.26M	$24.19M	$27.18M	$17.80M	$23.56M	$25.24M	$24.52M	$26.63M	$4.780M	$2.920M
YoY Change
Accounts Payable	$1.762M	$230.0K	$328.0K	$310.0K	$570.0K	$1.070M	$760.0K	$660.0K	$180.0K	$80.00K
YoY Change	666.09%	-29.88%	5.81%	-45.61%	-46.73%	40.79%	15.15%	266.67%	125.0%
Accrued Expenses	$2.275M	$1.499M	$1.927M	$1.810M	$1.650M	$500.0K	$590.0K	$670.0K	$270.0K	$70.00K
YoY Change	51.77%	-22.21%	6.46%	9.7%	230.0%	-15.25%	-11.94%	148.15%	285.71%
Deferred Revenue
YoY Change
Short-Term Debt	$4.238M	$1.884M	$0.00	$1.430M	$0.00	$0.00	$0.00	$0.00	$970.0K	$0.00
YoY Change	124.95%		-100.0%					-100.0%
Long-Term Debt Due	$321.0K	$211.0K	$242.0K	$270.0K	$330.0K	$280.0K	$110.0K	$110.0K	$330.0K	$780.0K
YoY Change	52.13%	-12.81%	-10.37%	-18.18%	17.86%	154.55%	0.0%	-66.67%	-57.69%
Total Short-Term Liabilities	$10.21M	$5.950M	$3.394M	$4.520M	$2.750M	$1.930M	$1.490M	$2.740M	$2.400M	$1.510M
YoY Change	71.66%	75.31%	-24.91%	64.36%	42.49%	29.53%	-45.62%	14.17%	58.94%
Long-Term Debt	$0.00	$57.00K	$268.0K	$800.0K	$780.0K	$920.0K	$130.0K	$240.0K	$130.0K	$200.0K
YoY Change	-100.0%	-78.73%	-66.5%	2.56%	-15.22%	607.69%	-45.83%	84.62%	-35.0%
Other Long-Term Liabilities	$1.856M	$0.00	$268.0K	$990.0K	$1.660M
YoY Change		-100.0%	-72.93%	-40.36%
Total Long-Term Liabilities	$1.856M	$57.00K	$536.0K	$1.790M	$2.440M	$920.0K	$130.0K	$240.0K	$130.0K	$200.0K
YoY Change	3156.14%	-89.37%	-70.06%	-26.64%	165.22%	607.69%	-45.83%	84.62%	-35.0%
Total Liabilities	$12.07M	$6.007M	$3.930M	$6.310M	$5.190M	$2.860M	$1.620M	$2.980M	$2.530M	$1.710M
YoY Change	100.93%	52.85%	-37.72%	21.58%	81.47%	76.54%	-45.64%	17.79%	47.95%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021
Basic Shares Outstanding	13.29M shares	12.88M shares	12.72M shares
Diluted Shares Outstanding	13.29M shares	12.88M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $7.4511 Million

About Polar Power, Inc.

Polar Power Inc is a US-based company operating in Electrical Equipment industry. The company is headquartered in Gardena, California and currently employs 87 full-time employees. The company went IPO on 2016-12-07. Polar Power, Inc. is a provider of direct current (DC) advanced power and cooling systems. The Company’s product portfolio includes products for telecom, military, renewable energy, marine, automotive, residential, commercial, oil field and mining applications. Its systems can be configured to operate on any energy source, including photovoltaics, diesel, LPG (propane and butane), and renewable fuels. Its telecom power solutions offer cost savings with installation, permitting, site leases, and operation. Its military solutions provide power solutions for robotics, drones, communications, hybrid propulsion, and other applications. Its mobile rapid battery charging technology enables on-demand roadside charging for electric vehicles. Its combined heat and power (CHP) residential systems offer vehicle charging and integrated home power systems via natural gas or propane feedstocks. Its micro/nano-grid solutions provide lower cost energy in bad-grid or no-grid environments.

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