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Polar Power Inc

Industrials US POLA

0.354USD
0.01(4.09%)

Last update at 2024-04-24T20:00:00Z

Day Range

0.330.36
LowHigh

52 Week Range

0.401.88
LowHigh

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax -5.58400M -1.41400M -13.01000M -4.04475M -1.06325M
Minority interest - - - - -
Net income -5.57700M -3.21800M -10.87100M -4.18815M -0.84825M
Selling general administrative 4.73M 3.07M 4.06M 4.00M 4.04M
Selling and marketing expenses 1.47M 1.49M 1.56M 2.62M 2.58M
Gross profit 2.12M 3.44M -5.62300M 4.92M 7.43M
Reconciled depreciation 0.51M 0.55M 1.25M 1.29M 0.39M
Ebit -5.53300M -3.09800M -12.96400M -3.98148M -1.04308M
Ebitda -5.01900M -0.80500M -11.71600M -2.65259M -0.65750M
Depreciation and amortization 0.51M 2.29M 1.25M 1.33M 0.39M
Non operating income net other - - 0.01M 0.04M 0.06M
Operating income -5.53300M -3.09800M -12.96400M -3.98148M -1.09879M
Other operating expenses 21.59M 19.99M 22.00M 28.78M 25.15M
Interest expense 0.06M 0.06M 0.05M 0.10M 0.02M
Tax provision - 0.00000M -2.13900M 0.00000M -0.21500M
Interest income - - 0.01M 0.06M 0.06M
Net interest income -0.05800M -0.06000M -0.04600M -0.10333M 0.04M
Extraordinary items - - - - -
Non recurring - - - - -
Other items - - - - -
Income tax expense -0.00700M 1.80M -2.13900M 0.14M -0.21500M
Total revenue 16.06M 16.90M 9.03M 24.80M 24.05M
Total operating expenses 7.66M 6.54M 7.34M 8.90M 8.53M
Cost of revenue 13.93M 13.45M 14.65M 19.88M 16.61M
Total other income expense net -0.05100M 1.68M -0.04600M -0.06327M 0.04M
Discontinued operations - - - - -
Net income from continuing ops -5.58400M -1.41400M -10.87100M -4.04475M -0.84825M
Net income applicable to common shares - -1.41400M -10.87100M -4.04475M -0.84825M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 24.19M 27.18M 17.80M 23.56M 25.24M
Intangible assets - - - - -
Earning assets - - - - -
Other current assets 4.63M 4.01M 0.36M 1.26M 0.47M
Total liab 6.01M 3.93M 6.31M 5.19M 2.86M
Total stockholder equity 18.18M 23.25M 11.49M 18.38M 22.38M
Deferred long term liab - - - - -
Other current liab 1.23M 1.21M 1.14M 1.03M 0.50M
Common stock 0.00100M 0.00100M 0.00100M 0.00101M 0.00101M
Capital stock 0.00100M 0.00100M 0.00100M 0.00101M 0.00101M
Retained earnings -19.11100M -13.52700M -12.11300M -1.24217M 2.80M
Other liab - - - - -
Good will - - - - -
Other assets - 0.09M 0.00166M 0.09M 0.09M
Cash 0.21M 5.10M 1.65M 2.84M 5.64M
Cash and equivalents - - - - -
Total current liabilities 5.95M 3.39M 4.52M 2.75M 1.93M
Current deferred revenue 2.13M 0.90M 0.70M 0.20M 0.08M
Net debt 2.21M -3.60200M 2.51M 0.54M -4.43215M
Short term debt 2.36M 0.96M 2.37M 0.95M 0.28M
Short long term debt 2.10M 0.24M 1.70M 0.33M 0.28M
Short long term debt total 2.42M 1.50M 4.15M 3.38M 1.21M
Other stockholder equity 37.29M 36.78M 23.60M 19.62M 21.04M
Property plant equipment - 1.93M 3.06M 4.29M 2.12M
Total current assets 23.32M 25.15M 14.64M 19.18M 23.02M
Long term investments - - - - -
Net tangible assets - 23.25M 11.49M 18.38M 22.38M
Short term investments - - - - -
Net receivables 5.02M 7.03M 3.55M 1.17M 8.44M
Long term debt 0.06M 0.27M 0.80M 0.78M 0.92M
Inventory 15.46M 9.02M 9.09M 13.91M 8.47M
Accounts payable 0.23M 0.33M 0.31M 0.57M 1.07M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - - -
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - - - -2.24313M -1.46010M
Additional paid in capital - - - - -
Common stock total equity - - 0.00000M 0.00101M 0.00101M
Preferred stock total equity - - - - -
Retained earnings total equity - - -12.11300M -1.24217M 2.80M
Treasury stock - - -0.04000M -0.03994M -
Accumulated amortization - - - - -
Non currrent assets other 0.09M 0.09M 0.09M 0.09M 0.09M
Deferred long term asset charges - - - - -
Non current assets total 0.87M 2.03M 3.15M 4.38M 2.22M
Capital lease obligations 0.27M 0.99M 1.66M 2.28M -
Long term debt total - - 0.80M 0.78M 0.92M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -0.02500M -0.07100M -0.01900M -0.33819M -0.57499M
Change to liabilities - 0.02M -0.26400M 0.15M 0.27M
Total cashflows from investing activities - -0.07100M -0.01900M -0.33819M -0.57499M
Net borrowings - -0.26700M 1.39M -0.25515M -0.13840M
Total cash from financing activities 1.64M 12.91M 5.37M -0.29509M -0.13840M
Change to operating activities - -6.06000M 0.91M -0.83493M -0.28119M
Net income -5.58400M -1.41400M -10.87100M -4.04475M -0.84825M
Change in cash -4.89000M 3.46M -1.19400M -2.79996M -8.56109M
Begin period cash flow 5.10M 1.65M 2.84M 5.64M 14.20M
End period cash flow 0.21M 5.10M 1.65M 2.84M 5.64M
Total cash from operating activities -6.50700M -9.38000M -6.54800M -2.16668M -7.84769M
Issuance of capital stock 0.00000M 12.47M 2.81M - -
Depreciation 0.51M 0.55M 1.25M 1.29M 0.39M
Other cashflows from investing activities - - - - -
Dividends paid - - - - -
Change to inventory -6.44300M 0.08M 1.42M -5.71043M -2.98472M
Change to account receivables 2.01M -3.05200M -0.25600M 6.79M -4.66865M
Sale purchase of stock - - 3.99M -0.03994M -
Other cashflows from financing activities 1.88M 0.71M 5.39M -0.33819M -0.57499M
Change to netincome - -1.71500M 3.40M -0.30035M 0.33M
Capital expenditures 0.03M 0.07M 0.02M 0.34M 0.57M
Change receivables - - -0.25600M 6.79M -4.66865M
Cash flows other operating - - -0.59500M -0.34662M 0.00237M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - -1.19400M -2.79996M -8.56109M
Change in working capital -1.94500M -2.80000M -0.32300M 0.24M -7.71249M
Stock based compensation 0.52M - - - -
Other non cash items - -5.71500M 3.40M 0.35M 0.33M
Free cash flow -6.53200M -9.45100M -6.56700M -2.50487M -8.42268M

Fundamentals

  • Previous Close 0.34
  • Market Cap7.46M
  • Volume49665
  • P/E Ratio-
  • Dividend Yield-%
  • EBITDA-3.91400M
  • Revenue TTM18.05M
  • Revenue Per Share TTM1.40
  • Gross Profit TTM 3.44M
  • Diluted EPS TTM-0.36

Peer Comparison

Sector: Industrials Industry: Electrical Equipment & Parts

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
POLA
Polar Power Inc
0.01 4.09% 0.35 - - 0.39 0.50 0.87 -4.0292
ABLZF
ABB Ltd
1.19 2.46% 49.57 21.23 21.01 2.58 6.22 2.64 14.26
ABBNY
ABB Ltd
-0.18 0.37% 48.70 20.83 20.28 2.54 6.00 2.64 14.26
MIELF
Mitsubishi Electric Corporation
- -% 15.55 16.87 14.53 0.0059 1.21 0.0052 0.05
MIELY
Mitsubishi Electric Corp ADR
0.32 1.02% 31.80 16.50 14.88 0.0058 1.23 0.0052 0.05

Reports Covered

Stock Research & News

Profile

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. It serves customers in the telecommunications, military, commercial, industrial, and marine markets. In addition, the company 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.

Polar Power Inc

249 East Gardena Boulevard, Gardena, CA, United States, 90248

Key Executives

Name Title Year Born
Mr. Arthur D. Sams Chairman, Pres, CEO & Sec. 1951
Mr. Luis Zavala Chief Financial Officer 1970
Mr. Balwinder Samra Exec. VP 1962
Mr. Nilesh Singh Regional Managing Director - Asia Pacific NA

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