Polar Power Q2 EPS $0.03 Up From $(0.03) YoY, Sales $4.66M Down From $5.58M YoY
Portfolio Pulse from Benzinga Newsdesk
Polar Power (NASDAQ:POLA) reported Q2 earnings of $0.03 per share, a 200% increase from $(0.03) per share YoY. Sales were $4.66M, down 16.46% from $5.58M YoY.
August 14, 2024 | 12:07 pm
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Polar Power reported Q2 earnings of $0.03 per share, a significant improvement from $(0.03) per share YoY. However, sales decreased by 16.46% to $4.66M.
The significant improvement in EPS from a loss to a profit is a positive indicator for investors, likely boosting short-term stock price. However, the decline in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100