Polar Power Inc (POLA)

[ebase22]

I’m not sure. Personally I’m more worried about margins not showing improvement/ them continuing to build their SG&A to a point where they can’t be meaningfully profitable under their current factory capacity. Especially when they are now taking a new residential market (which may eventual be great) before they even manage to get their current telecom business working sustainably.

They’ve said multiple times over the last year and a half on how they expect margins to normalize/improve. They never do. They’ve said before how they don’t expect their fixed costs to rise much more and yet they still do. And they’ve said in the past that they expected their cash position to normalize and they just depleted a lot of it. Way back they said they expect Verizon to return, and they haven’t. They said they expected meaningful international sales at this point. They haven’t done that.

So I dont think it’s any particular sales number that’s needed per se. (Though of q1 comes in lower than q4, that’s another mark). It’s more when are we actually going to see some results/can we start trusting you again? I don’t think there is a lot of confidence right now that they can even get back to a level of earnings to even justify their IPO price.