Polar Power Inc
0.0 %
668.42 %
Yet to be announced
Company Overview
Polar Power Inc designs, manufactures, and sells direct current (DC) power systems, lithium battery powered hybrid solar systems, and DC generators for telecommunications, military, electric vehicle charging, marine, and industrial applications. The company's core business focuses on providing reliable and efficient power solutions primarily for the telecommunications market.
Revenue Sources
Based on the company's SEC filings and business model, Polar Power's revenue comes primarily from the sale of DC power systems and related services to telecommunications, military, and industrial customers. These activities do not constitute haram sources of income as they involve the legitimate exchange of goods and services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $4.91m | $5.03m | - | $153,000 | 0.00% | 3.04% |
| June 30, 2024 | $4.66m | $4.38m | - | $179,000 | 0.00% | 4.09% |
| March 31, 2024 | $1.77m | $3.92m | - | $163,000 | 0.00% | 4.16% |
| Dec. 31, 2023 | $3.6m | $6.76m | - | $184,000 | 0.00% | 2.72% |
Analyzing the last four quarters, the company's interest expenses relative to total expenses have been consistently below the 5% threshold. While the company does carry some debt, the interest expense is not material to its operations.
Operational Ethics
Based on available information from SEC filings and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations. The company primarily operates in the United States and does not appear to have material operations or partnerships with the state of Israel or the Chinese Communist Party.
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