Polar Power Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Revenue	15.29	16.06	16.9	9.03	24.8	24.05	14.42	22.8	6.85	5.2
Revenue Growth (YoY)	-4.75%	-4.97%	87.09%	-63.59%	3.14%	66.77%	-36.76%	233.03%	31.64%	-
Cost of Revenue	14.6	13.93	13.45	14.65	19.88	16.61	9.66	12.62	4.56	3.29
Gross Profit	0.7	2.13	3.45	-5.62	4.92	7.43	4.76	10.18	2.29	1.91
Selling, General & Admin	5.46	6.2	4.56	5.62	6.63	6.62	4.23	2.54	1.85	0.74
Research & Development	1.22	1.46	1.99	1.72	2.28	1.91	1.33	0.21	0.12	0.11
Other Operating Expenses	0	0	0	0	0	0	0	0.03	0.02	0.09
Operating Expenses	6.69	7.66	6.54	7.34	8.9	8.53	5.56	2.78	1.98	0.95
Operating Income	-5.99	-5.53	-3.1	-12.96	-3.98	-1.1	-0.8	7.4	0.31	0.97
Interest Expense / Income	0.56	0.06	0.06	0.06	0.1	0.02	0.02	0.11	0.05	0.04
Other Expense / Income	-0	-0.01	-1.74	-0.01	-0.04	-0.06	-0.06	0.03	0.02	0.05
Pretax Income	-6.55	-5.58	-1.41	-13.01	-4.05	-1.06	-0.76	7.26	0.24	0.87
Income Tax	0	0	0	-2.14	0	-0.22	0	2.86	0.27	0.29
Net Income	-6.55	-5.58	-1.41	-10.87	-4.05	-0.85	-0.76	4.4	-0.03	0.58
Shares Outstanding (Basic)	13	13	13	11	10	10	10	8	7	6
Shares Outstanding (Diluted)	13	13	13	11	10	10	10	8	7	6
Shares Change	3.21%	1.24%	17.60%	6.83%	-0.17%	-	34.09%	10.72%	6.17%	-
EPS (Basic)	-0.49	-0.43	-0.11	-1.01	-0.40	-0.08	-0.07	0.58	-0.01	0.09
EPS (Diluted)	-0.49	-0.43	-0.11	-1.01	-0.40	-0.08	-0.07	0.58	-0.01	0.09
Free Cash Flow	-3.62	-6.53	-9.45	-6.57	-2.51	-8.42	-1.93	0.46	-0.84	-0.42
Free Cash Flow Per Share	-0.27	-0.51	-0.74	-0.61	-0.25	-0.83	-0.19	0.06	-0.12	-0.07
Gross Margin	4.54%	13.23%	20.39%	-62.26%	19.83%	30.91%	33.02%	44.65%	33.42%	36.79%
Operating Margin	-39.17%	-34.46%	-18.34%	-143.55%	-16.06%	-4.57%	-5.56%	32.47%	4.48%	18.56%
Profit Margin	-42.82%	-34.78%	-8.37%	-120.37%	-16.31%	-3.53%	-5.25%	19.31%	-0.49%	11.06%
Free Cash Flow Margin	-23.70%	-40.68%	-55.94%	-72.72%	-10.10%	-35.03%	-13.38%	2.03%	-12.33%	-8.12%
Effective Tax Rate	-	-	-	-	-	-	-	39.39%	113.88%	33.54%
EBITDA	-5.6	-5.02	-0.81	-12.33	-2.65	-0.66	-0.48	7.58	0.43	1.01
EBITDA Margin	-36.63%	-31.26%	-4.76%	-136.51%	-10.70%	-2.73%	-3.36%	33.26%	6.35%	19.33%
Depreciation & Amortization	0.39	0.51	0.55	0.62	1.29	0.39	0.26	0.21	0.14	0.09
EBIT	-5.99	-5.53	-1.35	-12.95	-3.94	-1.04	-0.74	7.38	0.29	0.91
EBIT Margin	-39.16%	-34.42%	-8.01%	-143.39%	-15.89%	-4.34%	-5.13%	32.35%	4.25%	17.51%

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).