POLAR POWER INC

POLA NASDAQ Industrials
$1.58
Jul 15, 2026
Mkt Cap: $5.5M
ROC: N/A EY: N/A

Business Description

10-K filed: Mar 31, 2025

Item 1. Business ------------------ Overview We design, manufacture, and sell DC power generators, renewable energy and cooling systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle, marine and...

Price History

Avg P/E: 26.0 Avg P/FCF: 253.4
2016201820202021202320242026$0.00$30.09$60.18$90.27$120.36$150.46

Income Statement

Metric2016201720182019202020212022202320242025
Revenue22.8M14.4M24.0M24.8M9.0M16.9M16.1M15.3M14.0M6.3M
Cost of Revenue12.6M9.7M16.6M19.9M14.7M13.5M13.9M14.6M12.7M9.5M
Gross Profit10.2M4.8M7.4M4.9M-5.6M3.4M2.1M695.0K1.3M-3.2M
Operating Expenses2.8M5.6M8.5M8.9M7.3M6.5M7.7M6.7M5.7M5.3M
Operating Income7.4M-802.0K-1.1M-4.0M-13.0M-3.1M-5.5M-6.0M-4.4M-8.4M
Interest Expense112.5K17.8K20.2K103.0K60.0K60.0K58.0K559.0K649.0K720.0K
Pre-Tax Income7.3M-757.4K-1.1M-4.0M-13.0M-1.4M-5.6M-6.5M-4.7M-9.1M
Income Tax2.9M0-215.0K0-2.1M00000
Net Income4.4M-757.4K-848.3K-4.0M-10.9M-1.4M-5.6M-6.5M-4.7M-9.1M
EPS (Basic)4.06-0.49-0.56-2.80-7.10-0.77-3.01-3.45-1.86-3.59
EPS (Diluted)4.06-0.49-0.56-2.80-7.10-0.77-3.01-3.45-1.86-3.59
Shares Outstanding1.1M1.4M1.4M1.4M1.5M1.8M1.8M1.9M2.5M2.5M
Years 3 - 12 of 12

Balance Sheet

Metric2016201720182019202020212022202320242025
Cash & Equivalents16.3M14.3M5.7M2.9M1.7M5.2M304.0K657.0K606.0K200.0K
Short-term Investments0000000000
Accounts Receivable4.4M3.1M7.7M934.0K1.2M4.2M2.2M1.7M2.2M330.0K
Inventory4.8M5.5M8.5M13.9M9.1M9.0M15.5M16.5M12.9M9.4M
Total Current Assets25.7M23.6M23.0M19.2M14.6M25.2M23.3M22.0M15.6M10.0M
Property & Equipment737.6K824.1K2.1M4.3M3.1M1.9M778.0K3.2M1.8M406.0K
Goodwill & Intangibles0000000000
Total Assets26.6M24.5M25.2M23.6M17.8M27.2M24.2M25.3M17.5M10.4M
Accounts Payable659.4K757.8K1.1M575.0K311.0K328.0K230.0K1.8M408.0K2.5M
Short-term Debt111.4K110.2K283.4K946.0K2.4M963.0K2.4M5.7M6.4M5.6M
Total Current Liabilities2.7M1.5M1.9M2.7M4.5M3.4M6.0M10.2M8.6M10.3M
Long-term Debt237.4K126.8K924.5K2.4M1.8M536.0K57.0K1.9M474.0K0
Total Liabilities3.0M1.6M2.9M5.2M6.3M3.9M6.0M12.1M9.0M10.3M
Total Equity23.7M22.9M22.4M18.4M11.5M23.3M18.2M13.2M8.5M144.0K
Total Liab. & Equity----------
Years 3 - 12 of 12

Cash Flow Statement

Metric2016201720182019202020212022202320242025
Net Income4.4M-757.4K-848.3K-4.0M-10.9M-1.4M-5.6M-6.5M-4.7M-9.1M
Depreciation & Amort.207.9K255.6K385.6K1.3M622.0K549.0K507.0K387.0K167.0K67.0K
Operating Cash Flow627.1K-1.6M-7.8M-2.2M-6.5M-9.4M-6.5M-3.4M-536.0K-1.1M
Capital Expenditures-165.1K-342.1K-575.0K-338.0K-19.0K-71.0K-25.0K-194.0K-19.0K0
Acquisitions0000000000
Investing Cash Flow-296.3K-342.1K-575.0K-338.0K-19.0K-71.0K-25.0K-194.0K-19.0K0
Dividends Paid0000000000
Share Repurchases17.0M00-40.0K4.0M13.2M01.6M0757.0K
Debt Issued/Repaid-1.3M-111.7K-138.4K-255.0K1.4M-267.0K1.6M2.4M504.0K6.0K
Financing Cash Flow15.6M-111.7K-138.4K-295.0K5.4M12.9M1.6M4.0M504.0K763.0K
Free Cash Flow462.0K-1.9M-8.4M-2.5M-6.6M-9.5M-6.5M-3.6M-555.0K-1.1M
Net Change in Cash16.0M-2.0M-8.6M-2.8M-1.2M3.5M-4.9M338.0K-51.0K-298.0K
Years 3 - 12 of 12