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 2019-11-12 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) 60,030 19% 19.8 7% 35,688 7,247 36,478 7,063 2,343 2,964 58,568
Arotech (ARTX) 55,730 31% 13.2 0% 128,307 52,389 91,522 28,344 177 4,521 59,515
Highpower International (HPJ) 47,660 22% 0.0 6% 269,097 186,906 313,145 69,031 16,555 26,996 414
Fuelcell Energy (FCEL) 47,355 5% -2.7 -16% 361,434 216,667 67,595 3,263 -56,485 -46,163 122,794
Taylor Devices (TAYD) 42,439 26% 9.8 5% 41,141 4,409 32,014 8,424 2,158 3,637 35,709
Ballantyne Strong (BTN) 41,089 22% -6.4 -15% 61,112 33,840 63,259 13,918 -9,354 -6,661 42,375
Polar Power (POLA) 40,573 30% 80.7 -0% 29,561 6,384 30,342 9,240 -115 446 35,977
LS Starrett (SCX) 39,275 33% 4.5 3% 190,087 106,708 228,022 74,560 6,079 10,027 45,299
Libbey (LBY) 38,976 20% 22.5 -8% 758,607 761,278 786,569 155,411 -57,292 19,174 430,491
LGL Group (LGL) 38,934 0% 10.1 7% 33,339 4,215 27,238 0 2,261 2,879 29,114
Carbo Ceramics (CRR) 38,485 -12% -1.0 -16% 464,245 158,214 193,946 -23,151 -74,547 -48,821 49,667
Boxlight (BOXL) 31,136 27% -5.6 -32% 23,990 20,502 38,290 10,280 -7,665 -5,688 32,037
Reto Eco-Solutions (RETO) 30,726 0% 82,005 28,824 0 0 0 0 37,741
P&F Industries (PFIN) 28,331 47% 2.6 11% 58,421 10,927 47,910 22,677 6,148 10,258 26,659
Clearsign Combustion (CLIR) 28,037 -2.0 -67% 14,240 1,536 0 -13 -9,588 -9,354 18,380
Image Sensing Systems (ISNS) 27,821 121% 7.5 17% 13,475 1,773 9,594 11,641 2,323 3,128 23,592
Servotronics (SVT) 25,893 24% 5.0 7% 43,948 12,032 51,422 12,453 3,272 5,472 27,417
Chicago Rivet & Machine (CVR) 25,061 19% 17.4 3% 32,758 3,196 34,867 6,484 1,107 1,389 24,153
Sypris Solutions (SYPR) 23,889 9% 178.2 -5% 65,779 50,674 89,064 8,187 -3,326 109 19,427
CVD Equipment (CVV) 23,336 2% -4.2 -16% 49,316 16,116 17,132 406 -7,999 -6,541 27,338

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