Polar Power Q1 2024 EPS $(0.12) Down From $(0.09) YoY; Revenue $1.8M Down From $4.2M YoY
Portfolio Pulse from Benzinga Newsdesk
Polar Power reported a Q1 2024 EPS of $(0.12), down from $(0.09) year-over-year, and revenue of $1.8 million, down from $4.2 million year-over-year.
May 15, 2024 | 8:14 pm
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NEGATIVE IMPACT
Polar Power reported a significant decline in both earnings and revenue for Q1 2024. EPS dropped to $(0.12) from $(0.09) year-over-year, and revenue fell to $1.8 million from $4.2 million year-over-year.
The significant year-over-year declines in both EPS and revenue indicate financial struggles for Polar Power. This is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100