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Last update at 2026-06-04T18:08:00Z
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Polar Power Reports First Quarter 2025 Financial Results
Fri 16 May 25, 01:29 PM| 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 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 |
| Total assets | 17.55M | 25.26M | 24.19M | 27.18M | 17.80M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 0.05M | 0.46M | 4.63M | 4.01M | 0.36M |
| Total liab | 9.03M | 12.07M | 6.01M | 3.93M | 6.31M |
| Total stockholder equity | 8.51M | 13.19M | 18.18M | 23.25M | 11.49M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 2.20M | 1.15M | 1.23M | 1.21M | 1.14M |
| Common stock | 0.00200M | 0.00200M | 0.00100M | 0.00100M | 0.00100M |
| Capital stock | 0.00200M | 0.00200M | 0.00100M | 0.00100M | 0.00100M |
| Retained earnings | -30.33600M | -25.65900M | -19.11100M | -13.52700M | -12.11300M |
| Other liab | - | - | - | - | - |
| Good will | - | - | - | - | - |
| Other assets | - | 0.00000M | - | 0.09M | 0.00166M |
| Cash | 0.50M | 0.55M | 0.21M | 5.10M | 1.65M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 8.56M | 10.21M | 5.95M | 3.39M | 4.52M |
| Current deferred revenue | 0.61M | 1.62M | 2.13M | 0.90M | 0.70M |
| Net debt | 6.42M | 6.99M | 2.21M | -3.60200M | 2.51M |
| Short term debt | 7.83M | 5.68M | 2.36M | 0.96M | 2.37M |
| Short long term debt | 5.06M | 4.56M | 2.10M | 0.24M | 1.70M |
| Short long term debt total | 6.92M | 7.54M | 2.42M | 1.50M | 4.15M |
| Other stockholder equity | 77.73M | 38.85M | 37.29M | 36.78M | 23.60M |
| Property plant equipment | - | - | - | 1.93M | 3.06M |
| Total current assets | 15.60M | 21.99M | 23.32M | 25.15M | 14.64M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | - | 23.25M | 11.49M |
| Short term investments | - | - | - | - | - |
| Net receivables | 2.15M | 4.46M | 5.02M | 7.03M | 3.55M |
| Long term debt | - | - | 0.06M | 0.27M | 0.80M |
| Inventory | 12.89M | 16.52M | 15.46M | 9.02M | 9.09M |
| Accounts payable | 0.41M | 1.76M | 0.23M | 0.33M | 0.31M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | 0.00000M | - | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | 0.00000M |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | -12.11300M |
| Treasury stock | - | - | - | - | -0.04000M |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | 0.11M | 0.11M | 0.09M | 0.09M | 0.09M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 1.95M | 3.27M | 0.87M | 2.03M | 3.15M |
| Capital lease obligations | 1.86M | 2.98M | 0.27M | 0.99M | 1.66M |
| Long term debt total | - | - | - | - | 0.80M |
| 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 |
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 |
0.06 2.67% | 2.12 | - | - | 0.32 | 0.52 | 0.78 | -4.2724 |
| CYATY CYATY |
-1.46 5.91% | 23.24 | 36.64 | 32.15 | 0.91 | 7.88 | 3.67 | 16.91 |
| ABLZF ABB Ltd |
- -% | 106.20 | 39.37 | 31.75 | 5.22 | 11.05 | 5.25 | 24.49 |
| ABBNY ABB Ltd |
-0.29 0.27% | 107.32 | 38.41 | 30.96 | 5.22 | 10.79 | 5.24 | 24.44 |
| BE Bloom Energy Corp |
5.91 2.06% | 293.23 | - | 153.85 | 31.02 | 80.70 | 30.91 | 3120.72 |
Polar Power, Inc. designs, manufactures, and sells direct current (DC) power generators, renewable energy, and cooling systems in the United States, Canada, Australia, the South Pacific Islands, Asia, Europe, the Middle East, the United Kingdom, and South Africa. The company offers DC base power systems, DC hybrid power systems, DC solar hybrid power systems that are available in diesel, natural gas, LPG/propane, and renewable fuel formats; and mobile power systems. It also provides global network management, aftermarket and service parts, and product and warranty services. The company serves telecommunications, military, commercial, industrial, and marine markets. It sells its products through a direct sales force, and 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.
249 East Gardena Boulevard, Gardena, CA, United States, 90248
| 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 |
| Mr. Arthur D. Sams | Chairman, President, CEO & Secretary | 1951 |
| Mr. Balwinder Samra | Executive Vice President | 1962 |
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