Polar Power Inc (POLA)

[southacresdave]

cc call---they have 165 employees now (huge jump). They are still integrating them and new facilities for efficiency. Feb is better than Jan. March better than Feb. Goal is $4-5M/month production rate with minimal overtime, expenses only slightly above Q4 rate and 35% margins (those margins more 2nd half 2019---dropping of tariffs would help). More demand right now than they can take on. Will give backlog update "as of March 31rst" in future pr. They want to get backlog down to $8-10M (=2 months of production they say).

Not sure what Q1 will be. Q2 will be a better view they say.

New NG engine coming for telecom in Q2 and residential in Q3.

It's positive, but also still frustrating to see "when" it is all coming together.

The jump in employees of over 50+ does mean they expect to do something. I told you that they are running lots of ads. The hiring should stop soon they said.