Polar Power, Inc.POLAEarnings & Financial Report
Nasdaq · Miscellaneous Electrical Machinery, Equipment & Supplies
Polar Electro Oy is a Finnish manufacturer of sports training computers, particularly known for developing the world's first wireless heart rate monitor.
Revenue
$3.6M
Gross Profit
$-1.4M
Operating Profit
$-3.0M
Net Profit
$-3.2M
Gross Margin
-39.6%
Operating Margin
-82.4%
Net Margin
-87.5%
YoY Growth
-43.4%
EPS
$-3.19
Polar Power, Inc. Q4 FY2023 Financial Summary
Polar Power, Inc. reported revenue of $3.6M (down 43.4% YoY) for Q4 FY2023, with a net profit of $-3.2M (down 134.7% YoY) (-87.5% margin). Cost of goods sold was $5.0M, operating expenses totaled $1.5M.
Key Financial Metrics
| Total Revenue | $3.6M |
|---|---|
| Net Profit | $-3.2M |
| Gross Margin | -39.6% |
| Operating Margin | -82.4% |
| Report Period | Q4 FY2023 |
Polar Power, Inc. Annual Revenue by Year
Polar Power, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $14.0M).
| Year | Annual Revenue |
|---|---|
| 2024 | $14.0M |
| 2023 | $15.3M |
| 2022 | $16.1M |
Polar Power, Inc. Quarterly Revenue & Net Profit History
Polar Power, Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $1.3M | -74.1% | $-4.1M | -320.9% |
| Q2 FY2025 | $2.7M | -41.9% | $-271.0K | -10.0% |
| Q1 FY2025 | $1.7M | -2.9% | $-1.3M | -73.4% |
| Q4 FY2024 | $2.6M | -27.3% | $-3.0M | -116.3% |
| Q3 FY2024 | $4.9M | +157.1% | $13.0K | 0.3% |
| Q2 FY2024 | $4.7M | -16.6% | $501.0K | 10.8% |
| Q1 FY2024 | $1.8M | -57.6% | $-2.1M | -120.7% |
| Q4 FY2023 | $3.6M | -43.4% | $-3.2M | -87.5% |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.6M | $1.8M | $4.7M | $4.9M | $2.6M | $1.7M | $2.7M | $1.3M |
| YoY Growth | -43.4% | -57.6% | -16.6% | 157.1% | -27.3% | -2.9% | -41.9% | -74.1% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $25.3M | $23.9M | $22.2M | $20.9M | $17.5M | $16.6M | $16.5M | $12.3M |
| Liabilities | $12.1M | $12.8M | $10.6M | $9.4M | $9.0M | $9.3M | $9.6M | $9.4M |
| Equity | $13.2M | $11.0M | $11.5M | $11.6M | $8.5M | $7.3M | $7.0M | $2.9M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-346000 | $-989000 | $1.2M | $-590000 | $-136000 | $-584000 | $-404000 | $399000 |