Polar Power (POLA) Q1 tops estimates

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Updated: 15 May 2019
  • Polar Power, Inc. (POLA) announced its Q1 2019 results;
  • EPS came out at $0.01, revenues at $7.75 million;
  • POLA shares lost 12.1% during 2019.

Polar Power, Inc. (POLA) announced its Q1 2019 results. The EPS came out to be $0.01, which beat the Zacks Consensus Estimate of a loss of $0.02 per share. This can be compared to a loss of $0.03 per share from the previous year. This report represents a positive surprise of 150%.

Polar Power posted revenues of $7.75 million for its Q1 2019. The figure surpassed the Zacks Consensus Estimate by 19.19%. The figure can also be compared to the revenues of $4.87 million which were reported a year ago.

Shares of POLA stock have lost about 12.1% in 2019.