Tillkännagivande • 19h
Polar Power, Inc. Announces Board Changes Polar Power, Inc. announced the appointment of Jim Ahern and Menachem “Menny” Shalom to its Board of Directors. Jim Ahern is an instructor and executive educator at the W. P. Carey School of Business within Arizona State University (ASU). He teaches in the Department of Management and Entrepreneurship, leveraging over 40 years of global corporate leadership and executive consulting experience. Menachem “Menny” Shalom is Chief Executive Officer of T3 Defense and brings experience in defense applications, advanced technologies, manufacturing and business development within the defense sector. He holds a Bachelor's degree in Law and Accounting alongside a Master's degree in Banking and Finance. Tillkännagivande • Aug 16
Polar Power, Inc. announced delayed 10-Q filing On 08/14/2026, Polar Power, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Jul 28
Polar Power, Inc. announced that it expects to receive $25 million in funding from Roth Principal Investments, LLC Polar Power, Inc. announces that it has entered into a Committed Equity Facility to issue Common Shares for an aggregate gross proceeds of $25,000,000 on July 27, 2026. The company involves participation of new investor Roth Principal Investments, LLC. Tillkännagivande • Jul 07
Polar Power, Inc. Receives Extension to Regain Compliance with Nasdaq Listing Rule As previously disclosed, on May 1, 2026, Polar Power, Inc. received a deficiency letter from the staff of the Nasdaq Stock Market stating that the Company was not in compliance with Nasdaq Listing Rule 5550(b) because it reported only USD 144,000 in stockholders' equity as of December 31, 2025 in its 10-K for the year then ended. The Company submitted a compliance plan with Nasdaq on June 15, 2026, outlining specific measures that the Company intends to take to regain and maintain compliance with the Rule including, among other things, planned upcoming financing activities and an internal restructuring. The Company provided financial information demonstrating its ability to regain compliance. On June 29, 2026, the Company received a letter from the Staff granted the Company an extension of time to regain compliance with the Rule. The terms of the extension are as follows: on or before October 28, 2026, the Company must opt for one of the two following alternatives to evidence compliance with the Rule: (A) the Company must furnish to the SEC and Nasdaq a publicly available report including: a disclosure of Staff's deficiency letter and the specific deficiency(ies) cited; a description of the completed transaction or event that enabled the Company to satisfy the stockholders' equity requirement for continued listing; an affirmative statement that, as of the date of the report, the Company believes it has regained compliance with the stockholders' equity requirement based upon the specific transaction or event referenced in Step 2; and a disclosure stating that Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting, or (B) the Company must furnish to the SEC and Nasdaq a publicly available report including: steps 1 & 2 set forth above; a balance sheet no older than 60 days with pro forma adjustments for any significant transactions or event occurring on or before the report date. The pro forma balance sheet must evidence compliance with the stockholders' equity requirement; and a disclosure that the Company believes it also satisfies the stockholders' equity requirement as of the report date and that Nasdaq will continue to monitor the Company's ongoing compliance with the stockholders' equity requirement and, if at the time of its next periodic report the Company does not evidence compliance, that it may be subject to delisting. Regardless of which alternative the Company chooses, if the Company fails to evidence compliance upon filing its periodic report for the year ending December 31, 2026, with the SEC and Nasdaq, the Company may be subject to delisting. In the event the Company does not satisfy these terms, Nasdaq will provide written notification that its securities will be delisted. At that time, the Company may appeal Nasdaq's determination to a Hearings Panel. Tillkännagivande • May 23
Polar Power, Inc. announced that it has received $0.886 million in funding from CFI Capital LLC, Monroe Street Capital Partners, LP Polar Power, Inc. announced that it has entered into a Securities Purchase Agreement (the “CFI SPA”) with CFI Capital LLC and a Securities Purchase Agreement (the “Monroe SPA”) with Monroe Street Capital Partners, LP pursuant to which the company issued a 6% convertible redeemable note in the aggregate principal amount of $600,000 at an original issue discount of 9% ($54,000) for gross proceeds of $546,000 (the “CFI Note”) and issued a 6% convertible redeemable note in the aggregate principal amount of $370,600 at an original issue discount of 8.3% ($30,600) for gross proceeds of $340,000 on May 21, 2026. The company received net proceeds of $500,000, after deducting $10,000 to cover CFI’s legal fees and a $36,000 payment to Craft Capital Management, LLC (“Craft”) as a broker/placement agent fee. The CFI Note has an interest rate of 6% per annum, and the maturity date is 12 months from the Issue Date (May 21, 2027. The company received net proceeds of $307,100, after deducting $12,500 to cover Monroe’s legal fees and a $20,400 payment to Craft. The Monroe Note has an interest rate of 6% per annum, and the maturity date is 12 months from the Issue Date (May 21, 2027). The company raised total gross proceeds of $886,000 and total net proceeds of $807,100. On or following six months from the Issue Date, CFI has the right to convert the outstanding and unpaid principal amount and interest into the Company’s shares of common stock, $0.0001 par value per share. On or following six months from the Issue Date, Monroe has the right to convert the outstanding and unpaid principal amount and interest into the Company’s shares of Common Stock. The Company has not registered under the Securities Act of 1933 (the “Act”) the issuance of the CFI Note, the Monroe Note, the shares of Common Stock underlying the notes. The issuances were made under exemptions from registration provided by Section 4(a)(2) of the Act. The issuances did not involve any public offering; no general solicitation or general advertising was used in connection with the issuances. Tillkännagivande • May 16
Polar Power, Inc. announced delayed 10-Q filing On 05/15/2026, Polar Power, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • May 08
Polar Power, Inc. Receives Nasdaq Letter Regarding Non-Compliance with Listing Standards On May 1, 2026, Polar Power, Inc. received a letter from the staff of the Nasdaq Stock Market stating that company were not in compliance with Nasdaq's continued listing standards under the Rules of the Nasdaq Stock Market. Specifically, the letter stated that Polar Power was non-compliant with Listing Rule 5550(b)(1) because company reported only USD 144,000 in stockholders' equity as of December 31, 2025 in 10-K for the year then ended. Section 1003(a)(i) of the Company Guide requires a listed company to have stockholders' equity of at least USD 2.5 million or to meet one of two alternative listing standards, neither of which the company currently meets. As a result, company is now subject to the procedures and requirements of Listing Rule 5810(c)(2). This rule grants 45 days to submit to Nasdaq a plan to regain compliance. The company intend to submit such a plan to Nasdaq, and if Nasdaq accepts plan, company will have 180 days from the date of the letter to regain compliance. If Nasdaq does not accept plan, or if it accepts plan but do not then regain compliance by the 180 day deadline, Nasdaq will begin delisting procedures, which we may appeal to a Nasdaq Hearings Panel. The letter has no immediate effect on the listing or trading of common stock on the Nasdaq Stock Market. The company common stock will continue to trade under the symbol POLA. The receipt of the letter does not affect business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Tillkännagivande • Apr 01
Polar Power, Inc. announced delayed annual 10-K filing On 03/31/2026, Polar Power, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Tillkännagivande • Nov 18
Polar Power, Inc. announced delayed 10-Q filing On 11/17/2025, Polar Power, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Tillkännagivande • Nov 17
Polar Power, Inc., Annual General Meeting, Dec 15, 2025 Polar Power, Inc., Annual General Meeting, Dec 15, 2025. Location: 249 e. gardena boulevard, gardena, california 90248, United States Tillkännagivande • Oct 06
Polar Power, Inc. has filed a Follow-on Equity Offering in the amount of $2.382043 million. Polar Power, Inc. has filed a Follow-on Equity Offering in the amount of $2.382043 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Tillkännagivande • Apr 02
Polar Power, Inc. Auditor Raises 'Going Concern' Doubt Polar Power, Inc. filed its Annual on Mar 31, 2025 for the period ending Dec 31, 2024. In this report its auditor, Weinberg & Company, P.A., gave an unqualified opinion expressing doubt that the company can continue as a going concern. Tillkännagivande • Nov 22
Nasdaq Determines to Delist Common Stock of Polar Power As previously disclosed, on May 30, 2024, Polar Power, Inc. (the Company") received a letter from The Nasdaq Stock Market, LLC (the Nasdaq") notifying the Company that, it had been granted an additional 180 days, or until November 18, 2024, to regain compliance with the minimum bid price requirement for continued listing on the Nasdaq Capital Market. Nasdaq Listing Rule 5550(a)(2) requires listed securities to maintain a minimum bid price of $1.00 per share (the Bid Price Rule"). On November 19, 2024, the Company received a new letter from Nasdaq notifying the Company that, as a result of the Company's failure to regain compliance with the Bid Price Rule by November 18, 2024, Nasdaq has determined to delist the Company's common stock from the Nasdaq Capital Market. Unless the Company submits an appeal and a hearing request appealing the delisting determination to Nasdaq by no later than 4:00pm Eastern Time on November 26, 2024 (the Appeal Deadline"), the Company's common stock will be suspended at the opening of business on November 29, 2024 and will be delisted from the Nasdaq Capital Market. The Company intends to appeal Nasdaq's determination to a hearings panel, pursuant to the procedures set in the Nasdaq Listing Rule 5800 Series by no later than the Appeal Deadline. Reported Earnings • Nov 17
Third quarter 2024 earnings released: EPS: US$0.001 (vs US$0.14 loss in 3Q 2023) Third quarter 2024 results: EPS: US$0.001 (up from US$0.14 loss in 3Q 2023). Revenue: US$4.91m (up 157% from 3Q 2023). Net income: US$13.0k (up US$1.86m from 3Q 2023). Profit margin: 0.3% (up from net loss in 3Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Oct 30
Polar Power, Inc. Provides Earnings Guidance for the Third Quarter of 2024 Polar Power, Inc. provided earnings guidance for the third quarter of 2024. for the quarter, the company expects net sales between $4.7 million and $5.2 million, representing growth of 147% to 174%. Tillkännagivande • Oct 02
Polar Power, Inc., Annual General Meeting, Oct 22, 2024 Polar Power, Inc., Annual General Meeting, Oct 22, 2024. Location: 249 e. gardena boulevard, california 90248, gardena United States Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: US$0.029 (vs US$0.034 loss in 2Q 2023) Second quarter 2024 results: EPS: US$0.029 (up from US$0.034 loss in 2Q 2023). Revenue: US$4.66m (down 17% from 2Q 2023). Net income: US$501.0k (up US$937.0k from 2Q 2023). Profit margin: 11% (up from net loss in 2Q 2023). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 58% per year, which means it is performing significantly worse than earnings. Tillkännagivande • Jul 30
Polar Power, Inc. Appoints Michael Field as Independent Director and Compensation Committee Chair Polar Power, Inc. announced that Michael Field has been appointed a director of the Company and compensation committee chair. Mr. Field joins the Polar Board with four decades of experience in global manufacturing and equipment spanning engineering and technology development, lean manufacturing, factory and systems integration, product management and channel development. He has held key operating and managerial roles and positions both at the divisional and executive levels at UTC Carrier Corporation, PRI Automation and Brooks Automation, and is currently the President and CEO of The Raymond Corporation, which is in the materials handling market. He holds a BS in Mechanical Engineering from Rochester Institute of Technology (RIT), an MS in Manufacturing Engineering and MBA with a concentration in International Operations from Boston University. The appointment fills a vacant board seat and brings the number of independent directors to three. Tillkännagivande • Jul 12
Polar Power, Inc. Provides Revenue Guidance for the Second Quarter of 2024 Polar Power, Inc. provided revenue guidance for the second quarter of 2024. The company expects to report revenues between $4.5 million and $5.0 million for the second quarter of the year 2024. Tillkännagivande • Jun 05
Nasdaq Grants Polar Power an Additional 180 Days, or Until November 18, 2024, to Regain Compliance with the Bid Price Rule As previously disclosed, on November 24, 2023, Polar Power, Inc. (the ‘Company’) received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market (‘Nasdaq’) indicating that the Company’s common stock was subject to potential delisting from the Nasdaq because for a period of 30 consecutive business days, the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5550(a)(2) (the ‘Bid Price Rule’). On May 30, 2024, the Company received a notification letter from the Nasdaq notifying the Company that it had been granted an additional 180 days, or until November 18, 2024, to regain compliance with the Bid Price Rule, based on the Company meeting the continued listing requirement for market value of publicly held shares and all other applicable requirements for initial listing on The Nasdaq Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to cure the deficiency during the second compliance period. The Company intends to continue actively monitoring the bid price for its common stock between now and November 18, 2024, and will consider available options to resolve the deficiency and regain compliance with the Bid Price Rule. Reported Earnings • May 17
First quarter 2024 earnings released: US$0.12 loss per share (vs US$0.086 loss in 1Q 2023) First quarter 2024 results: US$0.12 loss per share (further deteriorated from US$0.086 loss in 1Q 2023). Revenue: US$1.78m (down 58% from 1Q 2023). Net loss: US$2.14m (loss widened 93% from 1Q 2023). Reported Earnings • Apr 02
Full year 2023 earnings released: US$0.49 loss per share (vs US$0.43 loss in FY 2022) Full year 2023 results: US$0.49 loss per share (further deteriorated from US$0.43 loss in FY 2022). Revenue: US$15.3m (down 4.8% from FY 2022). Net loss: US$6.55m (loss widened 17% from FY 2022). Tillkännagivande • Jan 09
Polar Power Receives Non-Compliance Notice from Nasdaq As previously disclosed by Polar Power, Inc. (the “Company”) in its Form 8-K filed with the Securities and Exchange Commission on December 20, 2023, Peter Gross, a member of the Board of Directors of the Company, resigned as a member of the Board of Directors of the Company (the “Board”) on December 18, 2023. Mr. Gross, an independent director, served as a member of the audit committee, chair of the compensation committee and chair of the nominating and corporate governance committee of the Board at the time of his resignation. On January 5, 2024, the Company received a notification letter from The Nasdaq Stock Market LLC (“Nasdaq”) that due to Mr. Gross’ resignation, the Company is no longer in compliance with Nasdaq Listing Rule 5605. Pursuant to Nasdaq Listing Rule 5605(c)(4), the Company is entitled to a cure period to regain compliance (i) until the earlier of the Company’s next annual shareholders’ meeting or December 18, 2024; or (ii) if the next annual shareholders’ meeting is held before June 17, 2024, then the Company must evidence compliance no later than June 17, 2024. The Company intends to appoint an additional independent director to the Board and the committees prior to the end of the cure periods. Tillkännagivande • Dec 21
Polar Power, Inc. Announces Resignation of Peter Gross from Board of Directors Polar Power, Inc. announced the resignation of Peter Gross from Board of Directors for personal reasons, effective immediately. Mr. Gross’s decision to resign as a director was not due to any disagreements with the Company on any matter relating to the Company’s operations, policies or practices. New Risk • Dec 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 31% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 13% per year over the past 5 years. Market cap is less than US$10m (US$7.72m market cap). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (31% increase in shares outstanding). Tillkännagivande • Dec 02
Polar Power, Inc. has filed a Follow-on Equity Offering. Polar Power, Inc. has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Tillkännagivande • Dec 01
Polar Power, Inc. has completed a Follow-on Equity Offering in the amount of $1.6 million. Polar Power, Inc. has completed a Follow-on Equity Offering in the amount of $1.6 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 4,000,000
Price\Range: $0.4
Discount Per Security: $0.024
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 4,000,000 Tillkännagivande • Nov 30
Polar Power Receives Non-Compliance Notice from Nasdaq On November 24, 2023, Polar Power, Inc. (the “Company”) received a deficiency letter from the Listing Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that the Company’s common stock is subject to potential delisting from the Nasdaq because for a period of 30 consecutive business days, the bid price of the Company’s common stock has closed below the minimum $1.00 per share requirement for continued inclusion under Nasdaq Marketplace Rule 5550(a)(2) (the “Bid Price Rule”). The Nasdaq deficiency letter has no immediate effect on the listing of the Company’s common stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol “POLA” at this time. The Nasdaq notice indicated that, in accordance with Nasdaq Marketplace Rule 5810(c)(3)(A), the Company will be provided 180 calendar days, or until May 22, 2024, to regain compliance. If, at any time before May 22, 2024, the bid price of the Company’s common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, Nasdaq staff will provide written notification that it has achieved compliance with the Bid Price Rule. If the Company fails to regain compliance with the Bid Price Rule before May 22, 2024 but meets all of the other applicable standards for initial listing on The Nasdaq Capital Market with the exception of the minimum bid price, then the Company may be eligible to have an additional 180 calendar days, or until November 18, 2024, to regain compliance with the Bid Price Rule. If the Company does not regain compliance with the Bid Price Rule by the end of the compliance period (or the second compliance period, if applicable), the Company’s common stock will become subject to delisting. In the event that the Company receives notice that its common stock is being delisted, the Nasdaq listing rules permit the Company to appeal a delisting determination by Nasdaq to a hearings panel. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Bid Price Rule. However, there can be no assurance that the Company will be able to regain compliance with the Bid Price Rule or will otherwise be in compliance with other Nasdaq listing rules. Reported Earnings • Nov 17
Third quarter 2023 earnings released: US$0.14 loss per share (vs US$0.18 loss in 3Q 2022) Third quarter 2023 results: US$0.14 loss per share (improved from US$0.18 loss in 3Q 2022). Revenue: US$1.91m (up 12% from 3Q 2022). Net loss: US$1.84m (loss narrowed 23% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 43% per year, which means it is significantly lagging earnings. Tillkännagivande • Nov 01
Polar Power, Inc., Annual General Meeting, Dec 20, 2023 Polar Power, Inc., Annual General Meeting, Dec 20, 2023, at 10:00 US Eastern Standard Time. Location: corporate headquarters at 249 E. Gardena Boulevard Gardena, California 90248 california United States Agenda: To consider elect four directors; to ratify the appointment of Weinberg & Company, P.A. to serve as our independent registered public accounting firm for the year ending December 31 2023. In addition, stockholders will transact any other business that may properly come before the Annual Meeting; and to transact such other business as may properly come before the Annual Meeting or any adjournment(s) or postponement(s) thereof. New Risk • Oct 26
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: US$9.97m This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$7.2m free cash flow). Earnings have declined by 17% per year over the past 5 years. Market cap is less than US$10m (US$9.97m market cap). Minor Risk Share price has been volatile over the past 3 months (10% average weekly change). Reported Earnings • Aug 16
Second quarter 2023 earnings released: US$0.034 loss per share (vs US$0.058 loss in 2Q 2022) Second quarter 2023 results: US$0.034 loss per share (improved from US$0.058 loss in 2Q 2022). Revenue: US$5.59m (up 31% from 2Q 2022). Net loss: US$436.0k (loss narrowed 41% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Reported Earnings • May 17
First quarter 2023 earnings released: US$0.086 loss per share (vs US$0.088 loss in 1Q 2022) First quarter 2023 results: US$0.086 loss per share (improved from US$0.088 loss in 1Q 2022). Revenue: US$4.19m (up 13% from 1Q 2022). Net loss: US$1.11m (flat on 1Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Independent Director Katherine Koster was the last director to join the board, commencing their role in 2019. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 16
Third quarter 2022 earnings released: US$0.18 loss per share (vs US$0.074 profit in 3Q 2021) Third quarter 2022 results: US$0.18 loss per share (down from US$0.074 profit in 3Q 2021). Revenue: US$1.71m (down 59% from 3Q 2021). Net loss: US$2.38m (down 353% from profit in 3Q 2021). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 17
Second quarter 2022 earnings released: US$0.058 loss per share (vs US$0.068 loss in 2Q 2021) Second quarter 2022 results: US$0.058 loss per share (up from US$0.068 loss in 2Q 2021). Revenue: US$4.27m (down 12% from 2Q 2021). Net loss: US$739.0k (loss narrowed 15% from 2Q 2021). Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has increased by 3% per year. Reported Earnings • May 18
First quarter 2022 earnings released: US$0.088 loss per share (vs US$0.15 loss in 1Q 2021) First quarter 2022 results: US$0.088 loss per share (up from US$0.15 loss in 1Q 2021). Revenue: US$3.71m (up 13% from 1Q 2021). Net loss: US$1.12m (loss narrowed 41% from 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 16% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 02
Full year 2021 earnings released: US$0.11 loss per share (vs US$1.01 loss in FY 2020) Full year 2021 results: US$0.11 loss per share (up from US$1.01 loss in FY 2020). Revenue: US$16.9m (up 87% from FY 2020). Net loss: US$1.41m (loss narrowed 87% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Dec 08
Independent Director recently sold US$76k worth of stock On the 3rd of December, Keith Albrecht sold around 16k shares on-market at roughly US$4.63 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$99k more than they bought in the last 12 months. Reported Earnings • Nov 18
Third quarter 2021 earnings released: EPS US$0.074 (vs US$0.42 loss in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$4.14m (up 65% from 3Q 2020). Net income: US$942.0k (up US$5.67m from 3Q 2020). Profit margin: 23% (up from net loss in 3Q 2020). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 72 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 18
Second quarter 2021 earnings released: US$0.068 loss per share (vs US$0.23 loss in 2Q 2020) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$4.85m (up 331% from 2Q 2020). Net loss: US$866.0k (loss narrowed 62% from 2Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Reported Earnings • May 19
First quarter 2021 earnings released: US$0.15 loss per share (vs US$0.02 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$3.29m (up 15% from 1Q 2020). Net loss: US$1.90m (loss widened US$1.70m from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 105 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 02
Full year 2020 earnings released: US$1.01 loss per share (vs US$0.40 loss in FY 2019) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2020 results: Revenue: US$9.03m (down 64% from FY 2019). Net loss: US$10.9m (loss widened 169% from FY 2019). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 133 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Jan 09
New 90-day high: US$7.40 The company is up 99% from its price of US$3.72 on 09 October 2020. The American market is up 13% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 27% over the same period. Is New 90 Day High Low • Nov 21
New 90-day high: US$4.69 The company is up 176% from its price of US$1.70 on 21 August 2020. The American market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 17% over the same period. Analyst Estimate Surprise Post Earnings • Nov 18
Revenue beats expectations Revenue exceeded analyst estimates by 0.04%. Over the next year, revenue is forecast to grow 180%, compared to a 8.1% growth forecast for the Electrical industry in the US. Reported Earnings • Nov 18
Third quarter 2020 earnings released: US$0.42 loss per share The company reported a poor third quarter result with weaker earnings, revenues and control over expenses. Third quarter 2020 results: Revenue: US$2.50m (down 64% from 3Q 2019). Net loss: US$4.72m (down US$4.77m from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 100% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Oct 06
New 90-day high: US$3.81 The company is up 24% from its price of US$3.07 on 08 July 2020. The American market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 20% over the same period.