Trade Polar Power - POLA CFD

Polar Power Company profile

About Polar Power Inc

Polar Power, Inc. (Polar Power) is engaged in designing, manufacturing and selling direct current (DC) power generators, renewable energy and cooling systems for applications in the telecommunications market. The Company is also engaged in other markets including military, electric vehicle charging and residential and commercial power. The Company offers three configurations of DC power systems: DC based power systems, DC hybrid power systems and DC solar hybrid power systems. DC based power systems integrate a DC generator and automated controls with remote monitoring, which are contained within an environmentally regulated enclosure. DC hybrid power systems incorporate lithium-ion batteries (or other advanced battery chemistries) with its battery management system (BMS) into standard DC power systems. DC solar hybrid power systems incorporate photovoltaic and other sources of renewable energy into its DC hybrid power system.

Financial summary

BRIEF: For the nine months ended 30 September 2021, PolarPower Inc revenues increased 89% to $12.3M. Net lossdecreased 75% to $1.8M. Revenues reflect DC power systemssegment increase from $3.5M to $11.8M, Accessories segmentincrease of 71% to $238K. Lower net loss reflects Generaland administrative - Balancing decrease of 12% to $2.7M(expense), Sales and Marketing decrease of 14% to $1.1M(expense).