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Polar Power Inc (POLA) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Polar Power Inc (POLA) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Polar Power Inc designs, manufactures and sells direct current, or DC, power systems for applications in the telecommunications, military, electric vehicle charging, cogeneration, distributed power and uninterruptable power supply markets. Polar Power Inc has a market cap of $50.730 million; its shares were traded at around $5.00 with and P/S ratio of 2.11.


For the last quarter Polar Power Inc reported a revenue of $8.30 million, compared with the revenue of $3.98 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $24.0 million, an increase of 66.8% from last year.

The reported loss per diluted share was 8 cents for the year. The Polar Power Inc had an operating margin of -4.57%, compared with the operating margin of -5.56% a year before. The 10-year historical median operating margin of Polar Power Inc is 4.48%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Polar Power Inc has the cash and cash equivalents of $5.64 million, compared with $13.2 million in the previous year. The long term debt was $0.93 million, compared with $0.13 million in the previous year. Polar Power Inc has a financial strength rank of 7 (out of 10).

At the current stock price of $5.00, Polar Power Inc is traded at 31.5% discount to its historical median P/S valuation band of $7.30. The P/S ratio of the stock is 2.11, while the historical median P/S ratio is 3.08. The stock lost 9.64% during the past 12 months.

For the complete 20-year historical financial data of POLA, click here.

This article first appeared on GuruFocus.