Polar Power Reports Third Quarter 2024 Financial Results
Polar Power, Inc. (POLA)
Last polar power, inc. earnings: 11/12 04:05 pm
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US:NASDAQ Investor Relations:
ir.polarpower.com/investors/investor-overview/default.aspx
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Source: GlobeNewswire
GARDENA, CA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Polar Power, Inc. (“Polar Power” or the “Company”) (NASDAQ: POLA), a global provider of prime, backup, and solar hybrid DC power solutions, reports its financial results for the third quarter of 2024. Q3 2024 Financial Highlights Net sales were $4.9 million, representing the third consecutive quarter of sequential sales improvement and a year-over-year quarterly improvement of 157%Gross profit of $1.4 million, or 29% of sales, represents a positive swing of approximately $1.5 million compared to a gross loss of $108,000 in the same period last yearOperating expenses of $1.4 million compared favorably to $1.6 million in the third quarter of 2023Net income of $13,000, or $0.00 per basic and diluted share, represents an increase of $1.9 million compared to a net loss of $1,844,000, or ($0.14) per basic and diluted share, in the same period in 2023Working capital of $10.1 million as of September 30, 2024, included $15.0 million in in
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News
- Polar Power receives letter from Nasdaq acknowledging listing compliance [Seeking Alpha]Seeking Alpha
- Polar Power Announces Receipt of Letter from Nasdaq Acknowledging Listing Compliance [Yahoo! Finance]Yahoo! Finance
- Polar Power Announces Receipt of Letter from Nasdaq Acknowledging Listing ComplianceGlobeNewswire
- Polar Power, Inc. (NASDAQ: POLA) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Polar Power, Inc. (NASDAQ: POLA) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
POLA
Sec Filings
- 12/30/24 - Form 8-K
- 11/21/24 - Form 8-K
- 11/14/24 - Form 10-Q
- POLA's page on the SEC website