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-K - Q4 2024 - Mar 31, 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 198 % -16.9%
Quick Ratio 159 % -7.96%
Debt-to-equity 98.1 % +25.8%
Return On Equity -43.9 % -3.25%
Return On Assets -22.1 % +7.21%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 2.51M shares -85.7%
Common Stock, Shares, Outstanding 2.51M shares +0.1%
Entity Public Float 4.75M USD -50.3%
Common Stock, Value, Issued 2K USD 0%
Weighted Average Number of Shares Outstanding, Basic 2.51M shares +32.1%
Weighted Average Number of Shares Outstanding, Diluted 2.51M shares +32.1%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 14M USD -8.65%
Research and Development Expense 771K USD -36.9%
Selling and Marketing Expense 1.01M USD -13.8%
General and Administrative Expense 3.91M USD -8.93%
Operating Income (Loss) -4.38M USD +27%
Nonoperating Income (Expense) -302K USD +45.9%
Net Income (Loss) Attributable to Parent -4.68M USD +28.6%
Earnings Per Share, Basic -1.86 USD/shares +46.1%
Earnings Per Share, Diluted -1.86 USD/shares +46.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 498K USD -9.29%
Accounts Receivable, after Allowance for Credit Loss, Current 2.15M USD +28.5%
Inventory, Net 12.9M USD -22%
Assets, Current 15.6M USD -29.1%
Property, Plant and Equipment, Net 196K USD -43%
Operating Lease, Right-of-Use Asset 1.65M USD -41.6%
Assets 17.5M USD -30.5%
Accounts Payable, Current 408K USD -76.8%
Liabilities, Current 8.56M USD -16.2%
Operating Lease, Liability, Noncurrent 474K USD -74.5%
Liabilities 9.03M USD -25.2%
Retained Earnings (Accumulated Deficit) -30.3M USD -18.2%
Stockholders' Equity Attributable to Parent 8.51M USD -35.5%
Liabilities and Equity 17.5M USD -30.5%

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%
Common Stock, Shares Authorized 50M shares 0%
Common Stock, Shares, Issued 2.51M shares +0.1%
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 8.25M USD +22.5%
Deferred Tax Assets, Gross 8.76M USD +22.8%
Operating Lease, Liability 1.86M USD -37.7%
Depreciation 160K USD -57.2%
Lessee, Operating Lease, Liability, to be Paid 1.94M USD -39.2%
Property, Plant and Equipment, Gross 4.51M USD +0.4%
Operating Lease, Liability, Current 1.38M USD +23%
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 86K USD -59.4%
Lessee, Operating Lease, Liability, to be Paid, Year Three 496K USD
Deferred Tax Assets, Operating Loss Carryforwards 6.23M USD +23.1%
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 0%
Preferred Stock, Shares Outstanding 0 shares
Depreciation, Depletion and Amortization 167K USD -56.8%
Deferred Tax Assets, Net of Valuation Allowance 509K USD +28.9%
Interest Expense 644K USD +424%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%