POLA
Income statement / Annual
Last year (2024), Polar Power, Inc.'s total revenue was $13.97 M,
a decrease of 8.65% from the previous year.
In 2024, Polar Power, Inc.'s net income was -$4.68 M.
See Polar Power, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$13.97 M |
$15.29 M |
$16.06 M |
$16.90 M |
$9.03 M |
$24.80 M |
$24.05 M |
$14.42 M |
$22.80 M |
$6.85 M |
| Cost of Revenue |
$12.66 M
|
$14.60 M
|
$13.93 M
|
$13.45 M
|
$14.65 M
|
$19.88 M
|
$16.61 M
|
$9.58 M
|
$12.62 M
|
$4.43 M
|
| Gross Profit |
$1.31 M
|
$695,000.00
|
$2.13 M
|
$3.45 M
|
-$5.62 M
|
$4.92 M
|
$7.43 M
|
$4.84 M
|
$10.18 M
|
$2.41 M
|
| Gross Profit Ratio |
0.09
|
0.05
|
0.13
|
0.2
|
-0.62
|
0.2
|
0.31
|
0.34
|
0.45
|
0.35
|
| Research and Development Expenses |
$771,000.00
|
$1.22 M
|
$1.46 M
|
$1.99 M
|
$1.72 M
|
$2.28 M
|
$1.91 M
|
$1.33 M
|
$213,931.00
|
$116,297.00
|
| General & Administrative Expenses |
$3.91 M
|
$4.29 M
|
$4.73 M
|
$3.07 M
|
$4.06 M
|
$4.00 M
|
$4.04 M
|
$2.85 M
|
$2.11 M
|
$1.45 M
|
| Selling & Marketing Expenses |
$1.01 M
|
$1.17 M
|
$1.47 M
|
$1.49 M
|
$1.56 M
|
$2.62 M
|
$2.58 M
|
$1.35 M
|
$424,579.00
|
$392,306.00
|
| Selling, General & Administrative Expenses |
$4.92 M
|
$5.46 M
|
$6.20 M
|
$4.56 M
|
$5.62 M
|
$6.63 M
|
$6.62 M
|
$4.20 M
|
$2.54 M
|
$1.85 M
|
| Other Expenses |
$0.00
|
$0.00
|
$7,000.00
|
$1.74 M
|
-$3.40 M
|
$40,061.00
|
$0.00
|
$62,366.00
|
$26,888.00
|
$143,573.00
|
| Operating Expenses |
$5.69 M
|
$6.69 M
|
$7.66 M
|
$6.54 M
|
$7.34 M
|
$8.90 M
|
$8.53 M
|
$5.56 M
|
$2.78 M
|
$2.11 M
|
| Cost And Expenses |
$18.35 M
|
$21.28 M
|
$21.59 M
|
$19.99 M
|
$22.00 M
|
$28.78 M
|
$25.15 M
|
$15.14 M
|
$15.40 M
|
$6.54 M
|
| Interest Income |
$221,000.00
|
$0.00
|
$58,000.00
|
$60,000.00
|
$14,000.00
|
$63,000.00
|
$55,706.00
|
$54,791.00
|
$0.00
|
$0.00
|
| Interest Expense |
$649,000.00
|
$559,000.00
|
$58,000.00
|
$60,000.00
|
$48,000.00
|
$103,335.00
|
$20,170.00
|
$17,822.00
|
$112,550.00
|
$50,971.00
|
| Depreciation & Amortization |
$167,000.00
|
$387,000.00
|
$507,000.00
|
$549,000.00
|
$1.25 M
|
$1.29 M
|
$385,583.00
|
$255,631.00
|
$207,857.00
|
$143,573.00
|
| EBITDA |
-$3.86 M |
-$5.60 M |
-$5.02 M |
-$805,000.00 |
-$12.33 M |
-$2.65 M |
-$657,499.00 |
-$483,959.00 |
$7.61 M |
$450,099.00 |
| EBITDA Ratio |
-0.28
|
-0.37
|
-0.31
|
-0.05
|
-1.37
|
-0.11
|
-0.03
|
-0.03
|
0.33
|
0.07
|
| Operating Income Ratio |
-0.31
|
-0.39
|
-0.34
|
-0.18
|
-1.44
|
-0.16
|
-0.05
|
-0.05
|
0.32
|
0.04
|
| Total Other Income/Expenses Net |
-$302,000.00
|
-$558,000.00
|
-$51,000.00
|
$1.68 M
|
-$46,000.00
|
-$62,750.00
|
$35,536.00
|
$44,544.00
|
-$140,066.00
|
-$66,296.00
|
| Income Before Tax |
-$4.68 M
|
-$6.55 M
|
-$5.58 M
|
-$1.41 M
|
-$13.01 M
|
-$4.04 M
|
-$1.06 M
|
-$677,416.00
|
$7.26 M
|
$240,230.00
|
| Income Before Tax Ratio |
-0.33
|
-0.43
|
-0.35
|
-0.08
|
-1.44
|
-0.16
|
-0.04
|
-0.05
|
0.32
|
0.04
|
| Income Tax Expense |
$0.00
|
$0.00
|
-$7,000.00
|
$1.80 M
|
-$2.14 M
|
$143,396.00
|
-$215,000.00
|
$100,160.00
|
$2.86 M
|
$273,569.00
|
| Net Income |
-$4.68 M
|
-$6.55 M
|
-$5.58 M
|
-$3.22 M
|
-$10.87 M
|
-$4.19 M
|
-$848,252.00
|
-$777,576.00
|
$4.40 M
|
-$33,339.00
|
| Net Income Ratio |
-0.33
|
-0.43
|
-0.35
|
-0.19
|
-1.2
|
-0.17
|
-0.04
|
-0.05
|
0.19
|
-0
|
| EPS |
-1.86 |
-3.45 |
-0.43 |
-0.25 |
-1 |
-0.41 |
-0.0836 |
-0.0767 |
0.58 |
-0.0034 |
| EPS Diluted |
-1.86 |
-3.45 |
-0.43 |
-0.25 |
-1 |
-0.41 |
-0.0836 |
-0.0767 |
0.58 |
-0.0034 |
| Weighted Average Shares Out |
$2.51 M
|
$1.90 M
|
$12.88 M
|
$12.72 M
|
$10.82 M
|
$10.13 M
|
$10.14 M
|
$10.14 M
|
$7.56 M
|
$9.78 M
|
| Weighted Average Shares Out Diluted |
$2.51 M
|
$1.90 M
|
$12.88 M
|
$12.72 M
|
$10.82 M
|
$10.13 M
|
$10.14 M
|
$10.14 M
|
$7.56 M
|
$9.78 M
|
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