Ultralife Stock Price, News & Analysis

Ultralife Corporation (NASDAQ: ULBI) is set to report its second quarter results for the period ended June 30, 2022, before market opening on July 28, 2022. The management will host an investor conference call at 8:30 AM ET on the same day. Investors can participate by dialing (800) 915-4836 or through a live webcast available on the company’s website. Ultralife offers a range of products and services from power solutions to communication systems, serving global government, defense, and commercial markets.

Ultralife Corporation (NASDAQ: ULBI) reported an operating loss of $0.3 million on revenue of $30.4 million for Q1 2022, a 16.9% increase from Q1 2021's $26.0 million. Commercial sales surged by 62.1%, while government/defense sales dropped 38.8%. The backlog grew to approximately $92 million, with $74 million expected to ship in 2022. Despite strong demand, profitability was pressured by rising input costs and increased operating expenses, which reached $7.3 million. The net loss was $0.2 million, down from a net income of $0.7 million in Q1 2021.

Ultralife Corporation (NASDAQ: ULBI) is set to release its first quarter financial results for the period ending March 31, 2022, on April 28, 2022, before market opening. Management will conduct an investor conference call at 8:30 AM ET on the same day, which can be accessed by dialing (800) 915-4836. A live webcast will also be available on the company's website, along with a replay shortly thereafter. Ultralife specializes in power solutions and communications systems for global government, defense, and commercial markets.

Ultralife Corporation (NASDAQ: ULBI) reported a fourth-quarter operating loss of $1.2 million on revenue of $23.8 million, down 18% from $29 million in Q4 2020. Supply chain challenges impacted revenue, particularly in government/defense and medical sectors. Notably, oil & gas revenues rose significantly. The backlog increased to over $63 million, bolstered by the Excell Battery Group acquisition. Net loss for the quarter was $1.1 million, compared to a net income of $2.1 million a year prior. For FY 2021, GAAP EPS was ($0.01), contrasting with $0.33 in 2020.

Ultralife Corporation (NASDAQ: ULBI) will announce its fourth quarter results for the period ending December 31, 2021, before the market opens on February 3, 2022. Management will host an investor conference call and webcast at 8:30 AM ET on the same day. Investors can join the live call by dialing (800) 915-4836 and accessing the webcast via the company's website. Ultralife Corporation specializes in power solutions and communications systems, serving government, defense, and commercial customers across North America, Europe, and Asia.

Ultralife Corporation has acquired Excell Battery Group for $23.5 million in cash, enhancing its revenue diversification strategy. Excell, a leader in high-performance smart battery systems, generated $21.2 million in revenue for the trailing twelve months. This transaction aligns with Ultralife's goal to expand its Battery & Energy Products business and tap into new OEM device markets. The acquisition is expected to be accretive on an EPS basis within a year, leveraging Excell's technical resources for global product initiatives.

Ultralife Corporation (NASDAQ: ULBI) reported a third quarter operating loss of $0.8 million on revenues of $21.8 million, a 10.7% decline compared to $24.4 million in Q3 2020. The decrease was largely due to supply chain bottlenecks affecting both the company's and customers' manufacturing schedules, with a notable 39.7% drop in government/defense sector sales. Despite these challenges, commercial sales rose 5%, and backlog increased 22% over the previous quarter. The company maintained a strong cash position of $15.9 million.

Ultralife Corporation (NASDAQ: ULBI) has secured a purchase order worth approximately $4.2 million to deliver Vehicle Amplifier-Adaptors (VAA) for the U.S. Army’s Leader Radio program, developed by Thales Defense & Security. Shipments are set to begin in 2022. The Leader Radio, following successful operational tests, enhances soldiers' communication capabilities by integrating voice and data functionalities into one system. Ultralife's President, Michael D. Popielec, expressed satisfaction with this follow-on order, highlighting its alignment with their strategic development approach.