Polar Power, Inc. financial data

Symbol
POLA on Nasdaq
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
249 E. Gardena Boulevard, Gardena, California
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 15, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 216 % -41.7%
Quick Ratio 162 % -28.7%
Debt-to-equity 90.2 % +140%
Return On Equity -54.5 % -85.9%
Return On Assets -28.6 % -34.5%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17.6M shares +35.6%
Common Stock, Shares, Outstanding 17.6M shares +35.6%
Entity Public Float 9.56M USD -50%
Common Stock, Value, Issued 2K USD +100%
Weighted Average Number of Shares Outstanding, Basic 17.6M shares +35.6%
Weighted Average Number of Shares Outstanding, Diluted 17.6M shares +35.6%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 12.9M USD -22.1%
Research and Development Expense 1.1M USD -17.6%
Selling and Marketing Expense 1.07M USD -23.5%
General and Administrative Expense 4.31M USD -8.52%
Operating Income (Loss) -6.93M USD -27%
Nonoperating Income (Expense) -643K USD -454%
Net Income (Loss) Attributable to Parent -7.58M USD -35.9%
Earnings Per Share, Basic -0.52 USD/shares -23.8%
Earnings Per Share, Diluted -0.52 USD/shares -33.3%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 212K USD +78.2%
Accounts Receivable, after Allowance for Credit Loss, Current 1.28M USD -60.1%
Inventory, Net 16.2M USD -3.88%
Assets, Current 20.9M USD -15.7%
Property, Plant and Equipment, Net 278K USD -34%
Operating Lease, Right-of-Use Asset 2.53M USD +3.86%
Assets 23.9M USD -14.2%
Accounts Payable, Current 1.19M USD +16.6%
Liabilities, Current 11.3M USD +25.7%
Long-term Debt and Lease Obligation 47K USD -92.6%
Operating Lease, Liability, Noncurrent 1.54M USD -11.1%
Liabilities 12.8M USD +19.4%
Retained Earnings (Accumulated Deficit) -27.8M USD -37.5%
Stockholders' Equity Attributable to Parent 11M USD -35.3%
Liabilities and Equity 23.9M USD -14.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -989K USD +14.4%
Net Cash Provided by (Used in) Financing Activities 652K USD -38.7%
Net Cash Provided by (Used in) Investing Activities -194K USD -676%
Common Stock, Shares Authorized 50M shares 0%
Common Stock, Shares, Issued 17.6M shares +35.6%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -337K USD -266%
Deferred Tax Assets, Valuation Allowance 6.74M USD +38.5%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 7.13M USD +41.1%
Operating Lease, Liability 2.73M USD +10.8%
Depreciation 324K USD -31.4%
Payments to Acquire Property, Plant, and Equipment 194K USD +676%
Lessee, Operating Lease, Liability, to be Paid 2.91M USD +9.11%
Property, Plant and Equipment, Gross 4.49M USD +4.51%
Operating Lease, Liability, Current 1.2M USD +62.2%
Lessee, Operating Lease, Liability, to be Paid, Year Two 496K USD -49.9%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.45M USD +68.5%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 176K USD -12%
Lessee, Operating Lease, Liability, to be Paid, Year Three 496K USD
Deferred Tax Assets, Operating Loss Carryforwards 5.07M USD +55.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 5M shares 0%
Operating Lease, Payments 3.9M USD
Additional Paid in Capital 38.9M USD +4.17%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 337K USD -30.9%
Deferred Tax Assets, Net of Valuation Allowance 395K USD +108%
Interest Expense 644K USD +424%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%