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
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q3 2024 - Nov 14, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 206 % -23.7%
Quick Ratio 161 % -15%
Debt-to-equity 94.8 % +50.4%
Return On Equity -40.4 % -42.2%
Return On Assets -20.8 % -19%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17.6M shares +35.5%
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 15M USD -17.2%
Research and Development Expense 826K USD -36.4%
Selling and Marketing Expense 1M USD -20.2%
General and Administrative Expense 4.05M USD -6.21%
Operating Income (Loss) -4.45M USD -2.49%
Nonoperating Income (Expense) -332K USD +15.7%
Net Income (Loss) Attributable to Parent -4.78M USD -0.97%
Earnings Per Share, Basic -0.32 USD/shares +30.4%
Earnings Per Share, Diluted -0.32 USD/shares

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 498K USD +68.2%
Accounts Receivable, after Allowance for Credit Loss, Current 2.95M USD +86.4%
Inventory, Net 15M USD -21.5%
Assets, Current 18.6M USD -24.7%
Property, Plant and Equipment, Net 217K USD -48.7%
Operating Lease, Right-of-Use Asset 1.94M USD -37.4%
Assets 20.9M USD -26.3%
Accounts Payable, Current 346K USD -82.6%
Liabilities, Current 8.52M USD -25.6%
Long-term Debt and Lease Obligation 47K USD -92.6%
Operating Lease, Liability, Noncurrent 840K USD -61.1%
Liabilities 9.36M USD -31.3%
Retained Earnings (Accumulated Deficit) -27.3M USD -21.3%
Stockholders' Equity Attributable to Parent 11.6M USD -21.8%
Liabilities and Equity 20.9M USD -26.3%

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 2.16M USD -32.6%
Depreciation 196K USD -54.6%
Payments to Acquire Property, Plant, and Equipment 8K USD
Lessee, Operating Lease, Liability, to be Paid 2.27M USD -34.3%
Property, Plant and Equipment, Gross 4.51M USD +0.4%
Operating Lease, Liability, Current 1.32M USD +26.5%
Lessee, Operating Lease, Liability, to be Paid, Year Two 496K USD -65.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.45M USD +15.7%
Operating Lease, Weighted Average Discount Rate, Percent 0.06 pure +19.5%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 112K USD -55.6%
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 225K USD -47.3%
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%