Polar Power, Inc. financial data

Symbol
POLA on Nasdaq
Industry
Miscellaneous Electrical Machinery, Equipment & Supplies
Location
249 E. Gardena Boulevard, Gardena, CA
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 206 % -35%
Quick Ratio 160 % -24.7%
Debt-to-equity 97.1 % +102%
Return On Equity -52.5 % -77.8%
Return On Assets -26.6 % -33.6%

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 12M USD -33%
Research and Development Expense 953K USD -27.7%
Selling and Marketing Expense 1.02M USD -21.8%
General and Administrative Expense 4.08M USD -15.1%
Operating Income (Loss) -6.16M USD -22.2%
Nonoperating Income (Expense) -476K USD -109%
Net Income (Loss) Attributable to Parent -6.64M USD -25.9%
Earnings Per Share, Basic -0.46 USD/shares +9.8%
Earnings Per Share, Diluted -0.46 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 1.12M USD +283%
Accounts Receivable, after Allowance for Credit Loss, Current 2.31M USD -37.9%
Inventory, Net 15.8M USD -10.8%
Assets, Current 19.6M USD -23.3%
Property, Plant and Equipment, Net 241K USD -52.3%
Operating Lease, Right-of-Use Asset 2.24M USD +2.8%
Assets 22.2M USD -21.7%
Accounts Payable, Current 597K USD -58.2%
Liabilities, Current 9.44M USD -6.96%
Long-term Debt and Lease Obligation 47K USD -92.6%
Operating Lease, Liability, Noncurrent 1.19M USD -21.9%
Liabilities 10.6M USD -8.97%
Retained Earnings (Accumulated Deficit) -27.3M USD -32.1%
Stockholders' Equity Attributable to Parent 11.5M USD -30.6%
Liabilities and Equity 22.2M USD -21.7%

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 -8K USD
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%
Deferred Tax Assets, Gross 7.13M USD +41.1%
Operating Lease, Liability 2.45M USD +9.31%
Depreciation 252K USD -46.6%
Payments to Acquire Property, Plant, and Equipment 8K USD
Lessee, Operating Lease, Liability, to be Paid 2.6M USD +7.41%
Property, Plant and Equipment, Gross 4.51M USD +0.4%
Operating Lease, Liability, Current 1.26M USD +75.7%
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 142K USD -17.4%
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 1.3M USD
Additional Paid in Capital 38.9M USD +4.17%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 282K USD -39.9%
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%