Polar Power
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Polar Power's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 5% to $15,293,000. Profit margin reached -43%. Total operating expenses were $6,685,000.
Profit Margin
| 2014 | 5.20M | 575.24K | 11.06% |
|---|---|---|---|
| 2015 | 6.84M | -33.33K | -0.49% |
| 2016 | 22.80M | 4.40M | 19.31% |
| 2017 | 14.41M | -777.57K | -5.39% |
| 2018 | 24.04M | -848.25K | -3.53% |
| 2019 | 24.80M | -4.18M | -16.89% |
| 2020 | 9.03M | -10.87M | -120.37% |
| 2021 | 16.89M | -3.21M | -19.05% |
| 2022 | 16.05M | -5.57M | -34.73% |
| 2023 | 15.29M | -6.54M | -42.82% |
POLA Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 15.29M | 16.05M | 16.89M | 9.03M | 24.80M | 24.04M | 14.41M | 22.80M | 6.84M | 5.20M |
Cost of revenue | 14.59M | 13.93M | 13.45M | 14.65M | 19.88M | 16.61M | 9.57M | 12.61M | 4.43M | 3.28M |
Gross profit | 695K | 2.12M | 3.44M | -5.62M | 4.91M | 7.43M | 4.84M | 10.18M | 2.41M | 1.91M |
Operating exp. | ||||||||||
Research and development | 1.22M | 1.46M | 1.98M | 1.72M | 2.27M | 1.90M | 1.33M | 213.93K | 116.29K | 108.55K |
Selling and marketing | 1.17M | 1.47M | 1.48M | 1.55M | 2.62M | 2.57M | 1.34M | 424.57K | 392.30K | 191.79K |
Total operating expenses | 6.68M | 7.65M | 6.54M | 7.34M | 8.90M | 8.53M | 5.56M | 2.77M | 2.10M | 948.45K |
Operating income | -5.99M | -5.53M | -3.09M | -12.96M | -3.98M | -1.09M | -721.96K | 7.40M | 306.52K | 965.22K |
Other income (expenses), net | -558K | -51K | 1.68M | -46K | -63.27K | 35.53K | 44.54K | -27.51K | -66.29K | -99.63K |
Income before tax | -6.54M | -5.58M | -1.41M | -13.01M | -4.04M | -1.06M | -677.41K | 7.26M | 240.23K | 865.58K |
Income tax expense | 0 | -7K | 1.80M | -2.13M | 143.39K | -215K | 100.16K | 2.86M | 273.56K | 290.33K |
Net income | -6.54M | -5.57M | -3.21M | -10.87M | -4.18M | -848.25K | -777.57K | 4.40M | -33.33K | 575.24K |
Earnings per share | ||||||||||
Basic EPS | -3.45 | -0.43 | -0.25 | -1 | -0.41 | -0.08 | -0.07 | 0.58 | -0.00 | 0.05 |
Diluted EPS | -3.45 | -0.43 | -0.25 | -1 | -0.41 | -0.08 | -0.07 | 0.58 | -0.00 | 0.05 |
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