Shares of Polar Power, Inc. (POLA) more than doubles on Tuesday morning despite no stock-specific news to drive the shares.
quarterly earning came out yesterday and massive loss
For the first quarter, Polar Power reported net loss of $201 thousand or $0.02 per share. Revenues for the quarter dropped 63% to $2.86 million from $7.75 million last year. The revenue decrease was primarily due to a slowdown in sales of DC power systems to Tier-1 telecommunications customers in the U.S as a result of our customers' transition to 5G systems.
rttnews.com/3107563/stock-alert-polar-power-soars-110.aspx
finance.yahoo.com/quote/POLA/community?p=POLA
quarterly earning came out yesterday and massive loss
For the first quarter, Polar Power reported net loss of $201 thousand or $0.02 per share. Revenues for the quarter dropped 63% to $2.86 million from $7.75 million last year. The revenue decrease was primarily due to a slowdown in sales of DC power systems to Tier-1 telecommunications customers in the U.S as a result of our customers' transition to 5G systems.
rttnews.com/3107563/stock-alert-polar-power-soars-110.aspx
finance.yahoo.com/quote/POLA/community?p=POLA
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.