Company Quick10K Filing
Polar Power
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 10 $41
10-Q 2019-11-14 Quarter: 2019-09-30
10-Q 2019-08-14 Quarter: 2019-06-30
10-Q 2019-05-15 Quarter: 2019-03-31
10-K 2019-04-01 Annual: 2018-12-31
10-Q 2018-11-14 Quarter: 2018-09-30
10-Q 2018-08-14 Quarter: 2018-06-30
10-Q 2018-05-15 Quarter: 2018-03-31
10-K 2018-04-02 Annual: 2017-12-31
10-Q 2017-11-13 Quarter: 2017-09-30
10-Q 2017-08-14 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-K 2017-03-10 Annual: 2016-12-31
8-K 2019-12-30 Shareholder Vote
8-K 2019-11-12 Earnings, Exhibits
8-K 2019-08-28 Other Events, Exhibits
8-K 2019-08-12 Earnings, Exhibits
8-K 2019-06-04 Enter Agreement, Exhibits
8-K 2019-03-26 Earnings, Exhibits
8-K 2019-01-25 Earnings, Exhibits
8-K 2018-12-28 Shareholder Vote
8-K 2018-11-13 Earnings, Exhibits
8-K 2018-09-05 Other Events
8-K 2018-08-09 Earnings, Exhibits
8-K 2018-05-14 Earnings
8-K 2018-03-08 Earnings, Exhibits
8-K 2017-12-28 Shareholder Vote

Polar Power Financials

POLA Metrics, Comps, Filings

Annual | Quarterly

Business

We design, manufacture and sell direct current, or DC, power systems for applications primarily in the telecommunications market and, to a lesser extent, in other markets, including military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply. Within the telecommunications market, our systems provide reliable and low-cost energy for applications that do not have access to the utility grid or have critical power needs and cannot be without power in the event of utility grid failure. Within this market, we offer three configurations of our DC power systems, with output power ranging from 5 kW to 20 kW and with three possible sources of fuel: diesel, natural gas and liquid petroleum gas.

Our DC base power systems integrate our DC generator with automated controls that are programmed to efficiently charge various battery chemistries to provide backup energy during a power failure. In addition, these systems are also used to provide prime power in off-grid and bad-grid locations in telecommunications towers. Substantially all of our net sales are derived from sales of our DC base power systems to Tier-1 wireless telecommunications tower companies in the U.S.

Our DC hybrid power systems combine our DC base power systems with lithium-ion batteries (or other advanced battery chemistries) to efficiently store energy from DC generator or grid systems to provide back-up power or prime power. Our DC hybrid power system replaces lead acid systems with longer-life and higher efficiency lithium-ion batteries equipped with our proprietary battery management system, or BMS, which protects batteries from being over charged or over discharged during daily use.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Espey Mfg & Electronics (ESP) 59,615 21% 18.0 7% 35,849 4,350 34,064 7,207 2,363 3,055 54,960
Arotech (ARTX) 78,929 32% 35.2 -0% 130,894 54,951 91,251 28,993 -627 2,343 82,415
Highpower International (HPJ) 47,660 22% 0.0 4% 269,097 186,906 224,478 48,542 11,110 19,596 414
Fuelcell Energy (FCEL) 47,355 5% -2.5 -16% 361,434 216,667 67,595 3,263 -56,485 -48,589 122,794
Taylor Devices (TAYD) 42,441 29% 7.0 6% 43,906 6,253 30,237 8,917 2,700 4,334 30,320
Ballantyne Strong (BTN) 42,976 26% -7.7 -15% 60,780 34,822 45,421 11,692 -9,356 -5,524 42,509
Polar Power (POLA) 31,748 32% 24.5 2% 28,929 5,624 23,923 7,586 686 1,179 28,941
LS Starrett (SCX) 39,164 33% 5.2 3% 188,918 108,316 228,235 75,731 6,273 10,040 51,721
Libbey (LBY) 67,003 20% 118.2 -7% 740,892 751,440 575,840 115,069 -51,766 3,867 457,249
LGL Group (LGL) 49,561 0% 12.3 16% 38,666 4,885 23,058 0 6,051 3,134 38,400
Carbo Ceramics (CRR) 65,788 -13% -1.2 -20% 438,647 161,396 183,632 -23,734 -87,240 -64,714 77,800
Boxlight (BOXL) 19,666 30% -4.9 -25% 24,932 21,164 27,711 8,272 -6,144 -4,178 20,276
Reto Eco-Solutions (RETO) 30,726 0% 82,005 28,824 0 0 0 0 37,741
P&F Industries (PFIN) 21,642 37% 2.3 10% 58,728 11,344 43,896 16,138 5,798 9,198 20,833
Clearsign Combustion (CLIR) 33,114 -2.7 -74% 12,653 1,936 0 -4 -9,404 -9,219 25,037
Image Sensing Systems (ISNS) 24,240 78% 7.9 37% 19,234 1,419 11,286 8,797 7,085 2,477 19,517
Servotronics (SVT) 25,014 23% 8.4 4% 45,701 12,575 38,432 8,877 1,944 3,343 28,046
Chicago Rivet & Machine (CVR) 25,061 19% 22.2 3% 33,076 3,412 25,686 4,860 832 1,073 23,852
Sypris Solutions (SYPR) 23,865 12% 29.4 -4% 64,231 50,819 66,267 7,906 -2,359 571 16,812
CVD Equipment (CVV) 22,713 11% -9.9 -7% 49,534 16,373 14,092 1,505 -3,708 -2,780 27,522

Balance Sheet ($'000)2017-12-312018-12-31
Cash1,0011,003
Accounts Receivable3,0587,727
Inventory5,4878,472
PP&E8242,123
Assets24,52425,240
Accounts Payable7581,066
Long-Term Debt127925
Liabilities1,6212,858
Stockholders' Equity22,90322,382
Income Statement ($'000)2017-12-312018-12-31
Revenue14,41924,046
Cost of Revenue9,65816,615
Gross Profit4,7617,432
R&D1,3351,908
SG&A4,1976,623
Tax0-215
Net Income-757-848
Cash Flow ($'000)2017-12-312018-12-31
Cash Operating-1,587-7,848
Cash Investing-342-575
Cash Financing-112-138