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General information

Country: UNITED STATES

Sector: Electrical Equipment and Parts

Polar Power, Inc. engages in the design, manufacture, and sell of direct current (DC) power systems. The company is headquartered in Gardena, California and currently employs 179 full-time employees. Within the telecommunications market, the Company`s DC power systems provide DC power to service applications that do not have access to the utility grid (such as off-grid applications) or have critical power needs and cannot be without power in the event of utility grid failure (such as back-up power applications). Its product offerings include DC base power systems, DC hybrid power systems and DC solar hybrid power systems. The firm`s technologies include Permanent Magnet Homopolar Hybrid (PMHH) Technology and Supra Controller Technology. Its power and control system architecture is controlled by its digital control system, Supra Controller, which contains software configured to meet specific application needs.
Website: polarpower.com



Growth: Bad revenue growth rate -33.3%, there is slowdown compared to average historical growth rates 31.1%. The revenue growth dynamics is unstable

Profitability: LTM EBITDA margin is negative, -37.5%. On average the margin is improving steadily. Gross margin is low, -39.6%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 50% of quarters (showing a gain of +$0.03 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%. Free cash flow yield -106.6% (LTM)

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 6.8% higher than minimum and 97.1% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, EBITDA margin, industries and geography on average are valued 0.3x by EV / Sales multiple , the company can be 57.5% overvalued

Key Financials (Download financials)

Ticker: POLA
Share price, USD:  (-3.8%)0.353
year average price 0.8668  


year start price 1.1300 2023-04-29

max close price 1.5500 2023-08-29

min close price 0.3304 2024-02-01

current price 0.3530 2024-04-27
Common stocks: 13 291 575

Dividend Yield:  0.0%
Last revenue growth (y/y):  -33.3%
Last growth of EBITDA (y/y):  ---
Historical revenue growth:  31.1%
Historical growth of EBITDA:  ---
EV / Sales: 0.7x
Margin (EBITDA LTM / Revenue): -37.5%
Fundamental value created in LTM:
Market Cap ($m): 5
Net Debt ($m): 7
EV (Enterprise Value): 12
Price to Book: 0.4x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-12-01InvestorPlace

Why Is Polar Power (POLA) Stock Down 51% Today?

2023-05-11InvestorPlace

POLA Stock Alert: Is Polar Power the Next Big EV Stock?

2023-05-11InvestorPlace

Why Is Polar Power (POLA) Stock Up 70% Today?
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol POLA POLA POLA POLA POLA POLA POLA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2024-04-01 16:05:55 2023-11-14 16:16:03 2023-08-14 16:25:33 2023-05-15 16:07:05 2023-03-31 16:05:42 2022-11-14 16:12:30 2022-08-15 16:17:55
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
revenue 4M 2M 6M 4M 6M 2M 4M
costOfRevenue 5M 2M 4M 3M 6M 2M 3M
grossProfit -1M -108 000 1M 755 000 406 000 -247 000 1M
grossProfitRatio -0.396 -0.057 0.264 0.180 0.064 -0.145 0.248
researchAndDevelopmentExpenses 239 000 299 000 338 000 346 000 315 000 319 000 350 000
generalAndAdministrativeExpenses 1M 992 000 1M 1M 1M 1M 1M
sellingAndMarketingExpenses 255 000 274 000 310 000 333 000 337 000 328 000 400 000
sellingGeneralAndAdministrativeExpenses 1M 1M 1M 1M 1M 2M 1M
otherExpenses 0 0 0 0 0 0 0
operatingExpenses 2M 2M 2M 2M 2M 2M 2M
costAndExpenses 7M 2M 6M 5M 8M 4M 5M
interestIncome 0 0 126 000 0 0 0 0
interestExpense 184 000 -171 000 126 000 78 000 19 000 12 000 14 000
depreciationAndAmortization 78 000 83 000 110 000 116 000 120 000 130 000 -37 000
ebitda -3M -2M -200 000 -919 000 -1M -2M -762 000
ebitdaratio -0.803 -0.875 -0.036 -0.219 -0.189 -1.316 -0.178
operatingIncome -3M -2M -310 000 -1M -1M -2M -725 000
operatingIncomeRatio -0.824 -0.875 -0.055 -0.247 -0.208 -1.392 -0.170
totalOtherIncomeExpensesNet -183 000 -171 000 -126 000 -78 000 -19 000 -5000.000 -14 000
incomeBeforeTax -3M -2M -436 000 -1M -1M -2M -739 000
incomeBeforeTaxRatio -0.875 -0.965 -0.078 -0.266 -0.211 -1.395 -0.173
incomeTaxExpense 0 -83 000 0 156 000 46 000 5000.000 0
netIncome -3M -2M -436 000 -1M -1M -2M -739 000
netIncomeRatio -0.875 -0.965 -0.078 -0.303 -0.218 -1.398 -0.173
eps -0.240 -0.140 -0.034 -0.098 -0.110 -0.190 -0.060
epsdiluted -0.240 -0.140 -0.034 -0.098 -0.110 -0.190 -0.060
weightedAverageShsOut 13M 13M 13M 13M 13M 13M 13M
weightedAverageShsOutDil 13M 13M 13M 13M 13M 13M 13M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol POLA POLA POLA POLA POLA POLA POLA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2024-04-01 16:05:55 2023-11-14 16:16:03 2023-08-14 16:25:33 2023-05-15 16:07:05 2023-03-31 16:05:42 2022-11-14 16:12:30 2022-08-15 16:17:55
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
cashAndCashEquivalents 549 000 296 000 292 000 119 000 211 000 363 000 3M
shortTermInvestments 0 0 0 0 0 0 0
cashAndShortTermInvestments 549 000 296 000 292 000 119 000 211 000 363 000 3M
netReceivables 4M 4M 7M 6M 5M 4M 7M
inventory 17M 19M 18M 17M 15M 16M 12M
otherCurrentAssets 455 000 4M 4M 5M 5M 4M 4M
totalCurrentAssets 22M 25M 26M 25M 23M 24M 26M
propertyPlantEquipmentNet 3M 4M 3M 3M 778 000 1M 1M
goodwill 0 0 0 0 0 0 0
intangibleAssets 0 0 0 0 0 0 0
goodwillAndIntangibleAssets 0 0 0 0 0 0 0
longTermInvestments 0 0 0 0 0 0 0
taxAssets 0 0 0 0 0 0 0
otherNonCurrentAssets 107 999 108 000 93 000 93 000 93 000 93 000 93 000
totalNonCurrentAssets 3M 4M 3M 3M 871 000 1M 1M
otherAssets 1.000 0 0 0 0 0 0
totalAssets 25M 28M 28M 28M 24M 25M 27M
accountPayables 2M 2M 1M 1M 230 000 425 000 135 000
shortTermDebt 6M 7M 6M 4M 2M 701 000 836 000
taxPayables 0 0 0 0 0 0 0
deferredRevenue 2M 2M 2M 3M 2M 4M 3M
otherCurrentLiabilities 1M 1M 1M 1M 1M 1M 1M
totalCurrentLiabilities 10M 11M 10M 9M 6M 6M 6M
longTermDebt 2M 2M 2M 2M 57 000 81 000 190 000
deferredRevenueNonCurrent 0 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0 0
otherNonCurrentLiabilities -1.000 0 0 0 0 -5M 0
totalNonCurrentLiabilities 2M 2M 2M 2M 57 000 81 000 190 000
otherLiabilities 1.000 0 0 0 0 0 0
capitalLeaseObligations 2M 3M 2M 2M 268 000 453 000 635 000
totalLiabilities 12M 14M 12M 11M 6M 6M 6M
preferredStock 0.000 0.000 0 0 0 0 0
commonStock 2000.000 1000.000 1000.000 1000.000 1000.000 1000.000 1000.000
retainedEarnings -26M -23M -21M -20M -19M -18M -15M
accumulatedOtherComprehensiveIncomeLoss -0.000 -0.000 0 0 0 0 0
othertotalStockholdersEquity 39M 37M 37M 37M 37M 37M 37M
totalStockholdersEquity 13M 15M 17M 17M 18M 20M 21M
totalEquity 13M 15M 17M 17M 18M 20M 21M
totalLiabilitiesAndStockholdersEquity 25M 28M 28M 28M 24M 25M 27M
minorityInterest 0 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 25M 28M 28M 28M 24M 25M 27M
totalInvestments 0 0 0 0 0 0 0
totalDebt 8M 9M 7M 6M 2M 782 000 1M
netDebt 7M 8M 7M 6M 2M 419 000 -2M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3 2022 q2
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30
symbol POLA POLA POLA POLA POLA POLA POLA
reportedCurrency USD USD USD USD USD USD USD
cik 2M 2M 2M 2M 2M 2M 2M
fillingDate 2024-04-01 2023-11-14 2023-08-14 2023-05-15 2023-03-31 2022-11-14 2022-08-15
acceptedDate 2024-04-01 16:05:55 2023-11-14 16:16:03 2023-08-14 16:25:33 2023-05-15 16:07:05 2023-03-31 16:05:42 2022-11-14 16:12:30 2022-08-15 16:17:55
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3 Q2
netIncome -3M -2M -436 000 -1M -1M -2M -739 000
depreciationAndAmortization 78 000 83 000 110 000 116 000 120 000 123 000 -37 000
deferredIncomeTax 0 0 0 0 0 0 0
stockBasedCompensation 0 0 0 0 515 000 0 0
changeInWorkingCapital 2M 1M -1M -159 000 -751 000 -478 000 -688 000
accountsReceivables -94 000 2M -502 000 -986 000 -1M 3M -377 000
inventory 2M -1M -814 000 -1M 165 000 -4M -2M
accountsPayables -226 000 559 000 405 000 794 000 -195 000 290 000 -409 000
otherWorkingCapital 316 000 252 000 -411 000 1M 293 000 94 000 3M
otherNonCashItems 450 000 -1M 0 0 -515 000 515 000 0
netCashProvidedByOperatingActivities -346 000 -280 000 -2M -1M -2M -2M -1M
investmentsInPropertyPlantAndEquipment 0 0 -194 000 0 -15 000 -10000.000 -7000.000
acquisitionsNet 0 0 0 0 0 0 0
purchasesOfInvestments 0 0 0 0 0 0 0
salesMaturitiesOfInvestments 0 0 0 0 0 0 0
otherInvestingActivites 0 0 0 0 0 0 0
netCashUsedForInvestingActivites 0 0 -194 000 0 -15 000 -10000.000 -7000.000
debtRepayment -957 000 -55 000 -62 000 -63 000 -61 000 -62 000 -59 000
commonStockIssued 2M 0 0 0 0 0 0
commonStockRepurchased 0 0 0 0 0 0 0
dividendsPaid 0 0 0 0 0 0 0
otherFinancingActivites 2M 339 000 2M 1M 2M 0 0
netCashUsedProvidedByFinancingActivities 599 000 284 000 2M 1M 2M -62 000 -59 000
effectOfForexChangesOnCash 0 0 0 0 15 000 0 0
netChangeInCash 253 000 4000.000 173 000 -92 000 -152 000 -2M -2M
cashAtEndOfPeriod 549 000 296 000 292 000 119 000 211 000 363 000 3M
cashAtBeginningOfPeriod 296 000 292 000 119 000 211 000 363 000 3M 4M
operatingCashFlow -346 000 -280 000 -2M -1M -2M -2M -1M
capitalExpenditure 0 0 -194 000 0 -15 000 -10000.000 -7000.000
freeCashFlow -346 000 -280 000 -2M -1M -2M -2M -1M
link Link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-04-01 20:10 ET
Polar Power Reports Full Year and Fourth Quarter 2023 Financial Results
2024-03-12 12:01 ET
Polar Power Announces $5.1 Million in New Bookings to Date in Q1 2024
2024-03-07 19:49 ET
Polar Power to Participate in 36th Annual Roth Conference March 17-19, 2024
2024-02-20 13:00 ET
Polar Power Announces $2.9 Million in New Bookings During January 2024
2023-12-20 13:01 ET
United Nations High Commissioner for Refugees Awards Polar Power Initial Contract to Assure Uninterrupted Quality Electric Power for African Offices
2023-12-05 22:15 ET
Polar Power, Inc. Announces Closing of Public Offering
2023-12-01 01:05 ET
Polar Power, Inc. Announces Pricing of Public Offering
2023-11-30 22:25 ET
Polar Power, Inc. Announces Proposed Public Offering of Common Stock
2023-11-28 13:00 ET
POLAR POWER AWARDED FIRST PLACE FOR PRESENTATION AT THE GLOBAL TECHNOLOGY CONFERENCE DURING LPG WEEK 2023 IN ROME, ITALY
2023-11-14 21:25 ET
Polar Power Reports 12% Growth in Revenue During Third Quarter 2023 Financial Results
2023-11-09 13:15 ET
Polar Power, Inc., C.E.O. Arthur Sams, to Present at the 35th World LPG Forum Highlighting Cost and Environmental Benefits of Transitioning from Diesel to LPG in Multiple Markets
2023-11-07 13:00 ET
Polar Power Announces New 27KW Summit Series Deliveries to Tier-1 Telecom Customers
2023-10-27 12:00 ET
Polar Power Inc. Engages CORE IR for Investor Relations and Shareholder Communications Services
2023-08-14 20:20 ET
Polar Power Reports Second Quarter 2023 Financial Results
2023-05-15 20:20 ET
Polar Power Reports First Quarter 2023 Financial Results
2023-05-10 21:15 ET
Polar Power Launches New Line of Mobile Electric Vehicle Chargers
2022-11-14 21:29 ET
Polar Power Reports Third Quarter 2022 Financial Results
2022-08-15 20:15 ET
Polar Power Reports Second Quarter 2022 Financial Results
2022-05-16 20:15 ET
Polar Power Reports First Quarter 2022 Financial Results
2021-11-15 21:10 ET
Polar Power Reports Third Quarter 2021 Financial Results
2021-02-10 21:05 ET
Polar Power, Inc. Announces Closing of Public Offering
2021-02-07 23:30 ET
Polar Power, Inc. Announces Pricing of Public Offering
2020-07-02 13:25 ET
Polar Power Announces $2.8 Million Private Placement
2020-01-07 14:00 ET
Polar Power Achieves Key Milestone in Its Solar Hybrid Systems and DC Generators for Telecom, Residential and Commercial with EPA Certification of its Toyota 1KS Natural Gas / LPG Engine
2019-11-12 21:05 ET
Polar Power Reports Third Quarter 2019 Financial Results
2019-11-04 14:00 ET
Polar Power to Host Third Quarter 2019 Financial Results Conference Call on Tuesday, November 12, 2019 at 4:30 p.m. ET
2019-10-03 13:00 ET
Polar Power Receives $1.3 Million Purchase Order For Rural Telecom Backup Power Systems
2019-03-13 13:00 ET
Polar Power to Host Fourth Quarter and Year End 2018 Financial Results Conference Call on Tuesday, March 26, 2019 at 4:30 p.m. ET
2019-03-12 13:00 ET
Pola Power, Inc. Announces Its Participation in the 31st Annual ROTH Conference

SEC forms

Show financial reports only

SEC form 10
2024-04-01 16:05 ET
Polar Power published news for 2023 q4
SEC form 8
2024-04-01 00:00 ET
Polar Power published news for 2024 q1
SEC form 8
2024-04-01 00:00 ET
Polar Power published news for 2024 q1
SEC form 10
2024-04-01 00:00 ET
Polar Power reported for 2023 q4
SEC form 8
2023-11-14 16:47 ET
Polar Power published news for 2023 q3
SEC form 10
2023-11-14 16:16 ET
Polar Power reported for 2023 q3
SEC form 10
2023-11-14 00:00 ET
Polar Power published news for 2023 q3
SEC form 6
2023-08-14 16:26 ET
Polar Power published news for 2023 q2
SEC form 10
2023-08-14 16:25 ET
Polar Power reported for 2023 q2
SEC form 8
2023-08-14 00:00 ET
Polar Power published news for 2023 q2
SEC form 10
2023-08-14 00:00 ET
Polar Power published news for 2023 q2
SEC form 6
2023-05-15 16:20 ET
Polar Power reported for 2023 q1
SEC form 10
2023-05-15 16:07 ET
Polar Power published news for 2023 q1
SEC form 10
2023-05-15 00:00 ET
Polar Power published news for 2023 q1
SEC form 8
2023-05-15 00:00 ET
Polar Power published news for 2023 q1
SEC form 10
2023-03-31 16:05 ET
Polar Power reported for 2022 q4
SEC form 10
2023-03-31 00:00 ET
Polar Power published news for 2022 q4
SEC form 6
2023-01-11 16:30 ET
Polar Power published news for 2022 q4
SEC form 6
2022-12-21 16:05 ET
Polar Power published news for 2022 q3
SEC form 6
2022-11-14 16:20 ET
Polar Power published news for 2022 q3
SEC form 10
2022-11-14 16:12 ET
Polar Power reported for 2022 q3
SEC form 8
2022-11-14 00:00 ET
Polar Power reported for 2022 q3
SEC form 10
2022-11-14 00:00 ET
Polar Power reported for 2022 q3
SEC form 6
2022-10-31 16:30 ET
Polar Power published news for 2022 q3
SEC form 6
2022-08-15 16:44 ET
Polar Power published news for 2022 q2
SEC form 10
2022-08-15 16:17 ET
Polar Power reported for 2022 q2
SEC form 8
2022-08-15 00:00 ET
Polar Power reported for 2022 q2
SEC form 10
2022-08-15 00:00 ET
Polar Power reported for 2022 q2
SEC form 6
2022-05-16 16:15 ET
Polar Power published news for 2022 q1
SEC form 10
2022-05-16 16:07 ET
Polar Power reported for 2022 q1
SEC form 8
2022-05-16 00:00 ET
Polar Power reported for 2022 q1
SEC form 10
2022-05-16 00:00 ET
Polar Power reported for 2022 q1
SEC form 10
2022-03-31 16:10 ET
Polar Power published news for 2021 q4
SEC form 10
2022-03-31 00:00 ET
Polar Power published news for 2021 q4
SEC form 6
2022-01-13 16:00 ET
Polar Power published news for 2021 q4
SEC form 6
2022-01-03 06:05 ET
Polar Power published news for 2021 q4
SEC form 6
2021-12-21 06:04 ET
Polar Power published news for 2021 q3
SEC form 10
2021-11-15 16:15 ET
Polar Power published news for 2021 q3
SEC form 6
2021-11-15 16:15 ET
Polar Power published news for 2021 q3
SEC form 10
2021-11-15 00:00 ET
Polar Power published news for 2021 q3
SEC form 8
2021-11-15 00:00 ET
Polar Power published news for 2021 q3
SEC form 10
2021-08-16 13:36 ET
Polar Power published news for 2021 q2
SEC form 10
2021-08-16 00:00 ET
Polar Power published news for 2021 q2
SEC form 10
2021-05-17 17:17 ET
Polar Power published news for 2021 q1
SEC form 10
2021-05-17 00:00 ET
Polar Power published news for 2021 q1
SEC form 10
2021-03-31 16:39 ET
Polar Power published news for 2020 q4
SEC form 6
2021-02-08 07:00 ET
Polar Power published news for 2020 q4
SEC form 6
2020-12-31 16:05 ET
Polar Power published news for 2020 q3
SEC form 6
2020-11-18 15:38 ET
Polar Power published news for 2020 q3
SEC form 10
2020-11-16 17:01 ET
Polar Power published news for 2020 q3
SEC form 6
2020-10-09 16:10 ET
Polar Power published news for 2020 q3