Polar Power Reports First Quarter 2018 Financial Results
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Go back to Polar Power Reports First Quarter 2018 Financial Results
May 15, 2018 8:20 AM EDT
Roth Capital reiterated a Neutral rating and $6.00 price target on Polar Power (NASDAQ: POLA) following the company's 1Q earnings report. POLA reported 1Q18 Rev/EPS/EBITDA of $4.9m/ ($0.03)/($0.3m) vs. consensus at $4.5m/($0.01)/($0.1m).
The company has received a 20-unit purchase... More
May 14, 2018 4:02 PM EDT
Polar Power, Inc. (NASDAQ: POLA) reported Q1 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $4.8 million versus the consensus estimate of $4.5 million.
First Quarter 2018 Financial Highlights
Net sales decreased 2% to $4.9 million in Q1 2018, as compared to $5.0 million in Q1 2017.Net sales increased 22% in Q1 2018 to $4.9 million, as compared to $4.0 million in Q4 2017.Backlog increased to $2.5 million at March 31, 2018 and is currently $4.3 million at May 11, 2018.Gross profit as a percentage of net sales declined to 30% in Q1 2018, as compared to 39% in Q1...
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