Polar Power, Inc. (POLA)

Polar Power Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	12.88	15.29	16.06	16.9	9.03	24.8
Revenue Growth (YoY)	-22.13%	-4.75%	-4.97%	87.09%	-63.59%	3.14%
Cost of Revenue	13.34	14.6	13.93	13.45	14.65	19.88
Gross Profit	-0.46	0.7	2.13	3.45	-5.62	4.92
Selling, General & Admin	5.38	5.46	6.2	4.56	5.62	6.63
Research & Development	1.1	1.22	1.46	1.99	1.72	2.28
Operating Expenses	6.47	6.69	7.66	6.54	7.34	8.9
Operating Income	-6.93	-5.99	-5.53	-3.1	-12.96	-3.98
Interest Expense / Income	0.64	0.56	0.06	0.06	0.06	0.1
Other Expense / Income	-0	-0	-0.01	-1.74	-0.01	-0.04
Pretax Income	-7.58	-6.55	-5.58	-1.41	-13.01	-4.05
Income Tax	0	0	0	0	-2.14	0
Net Income	-7.58	-6.55	-5.58	-1.41	-10.87	-4.05
Shares Outstanding (Basic)	18	13	13	13	11	10
Shares Outstanding (Diluted)	18	13	13	13	11	10
Shares Change	35.62%	3.21%	1.24%	17.60%	6.83%	-0.17%
EPS (Basic)	-0.52	-0.49	-0.43	-0.11	-1.01	-0.40
EPS (Diluted)	-0.52	-0.49	-0.43	-0.11	-1.01	-0.40
Free Cash Flow	-3.46	-3.62	-6.53	-9.45	-6.57	-2.51
Free Cash Flow Per Share	-0.20	-0.27	-0.51	-0.74	-0.61	-0.25
Gross Margin	-3.59%	4.54%	13.23%	20.39%	-62.26%	19.83%
Operating Margin	-53.84%	-39.17%	-34.46%	-18.34%	-143.55%	-16.06%
Profit Margin	-58.84%	-42.82%	-34.78%	-8.37%	-120.37%	-16.31%
Free Cash Flow Margin	-26.84%	-23.70%	-40.68%	-55.94%	-72.72%	-10.10%
EBITDA	-6.6	-5.6	-5.02	-0.81	-12.33	-2.65
EBITDA Margin	-51.22%	-36.63%	-31.26%	-4.76%	-136.51%	-10.70%
Depreciation & Amortization	0.34	0.39	0.51	0.55	0.62	1.29
EBIT	-6.93	-5.99	-5.53	-1.35	-12.95	-3.94
EBIT Margin	-53.84%	-39.16%	-34.42%	-8.01%	-143.39%	-15.89%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).