Polar Power Inc (POLA)

[southacresdave]

If you read the cc call, the caller (stupidly) answered the question himself...."will you be at $4-5M per month??" (note---this is a pet peeve of mine that analysts do too much imo). Raj just said "yes" and went with it. Imo, he did not give specifics on exactly what the company thought themselves since he wasn't required to anymore. Companies love this kind of way out in calls. As such, the answer could have been higher. When asked specifically in NY, Raj said Q4 was only 45-50% of capacity and they hope to be 75% in Q2. Obviously no guarantee that hope vs expect is the same thing. It does mean that they are moving forward with integration.

Nothing on Q1. Also, Raj in the cc call said it was too early to comment on Q1. He didn't reply that rev will necessarily be weaker, just that Jan started weak as they moved to departments to the new facility. Who knows what that means for revenue. On the other hand, I wouldn't expect any great growth in Q1.

Speaking of integrating it all together......Did you see where they have 179 employees now? It was in 10K that I forgot to mention.

2018: As of March 1, 2018, we had 117 full time employees. Currently, 106 employees are located at our corporate headquarters in Gardena, California and eleven employees are located outside the U.S

2019: As of April 1, 2019, we had 179 full time employees. Currently, 160 employees are located at our facilities in Gardena, California and twelve employees are located outside the U.S.

I told you they have been running ads in Q4 and Q1 constantly. It seems to have slowed down now. ex. No more ads for TIG welder where as those used to be a weekly thing. They do have an ad for Generator Assembler on Craigslist as of a week ago. A few spots other spots on their Linkedin page.