Welcome to our dedicated page for Ultralife news (Ticker: ULBI), a resource for investors and traders seeking the latest updates and insights on Ultralife stock.
Ultralife Corporation (NASDAQ: ULBI) generates a steady stream of news through its quarterly earnings releases, operational updates and regulatory announcements. As a manufacturer of power solutions and communications and electronics systems serving government/defense and commercial customers, the company’s news often centers on segment performance, backlog, acquisitions and operational initiatives.
On this page, readers can follow ULBI news related to its two primary business segments: Battery & Energy Products and Communications Systems. Ultralife’s earnings releases regularly break out revenue, gross profit and operating results by segment, and management commentary highlights trends in government/defense demand, commercial markets such as medical and oil & gas, and the contribution of acquired businesses like Electrochem Solutions, Inc.
Investors and analysts tracking Ultralife’s news will see updates on actions such as the closure of a battery pack assembly facility in Calgary, Canada and the relocation of equipment and inventory to Houston, Texas, as well as commentary on supply chain conditions, tariffs, and process improvement efforts. The company also issues announcements about conference calls and webcasts for its quarterly and annual results, along with notifications of late filings when additional time is needed to complete financial reporting after acquisitions.
In addition, Ultralife files Form 8-K reports covering material events, including quarterly results and changes in its independent registered public accounting firm. For anyone following ULBI stock, this news feed provides a centralized view of the company’s publicly reported financial performance, operational decisions and governance-related disclosures over time.
Ultralife Corporation (NASDAQ: ULBI) has secured a contract worth approximately $7.5 million to provide A-320 amplifiers and A-320HVA radio vehicle mounts to an international defense contractor as part of a government modernization initiative. Deliveries are scheduled to begin in Q4 2022 and extend into the first half of 2023. This agreement highlights Ultralife's strategy to expand its global presence and solidify its role in advanced communication systems for military applications.
Ultralife Corporation (NASDAQ: ULBI) reported a 20% year-over-year revenue increase to $32.1 million for Q2 2022, driven by the Excell acquisition. Operating income was $0.8 million, down from $1.1 million in Q2 2021. Gross profit rose slightly to $7.6 million, but gross margins fell to 23.8% due to supply chain disruptions and higher costs. Communications Systems sales plummeted 49% to $2.0 million due to shipping delays. Despite ongoing challenges, the company remains focused on product development and profitable growth.
Ultralife Corporation (NASDAQ: ULBI) has received a purchase order worth approximately $4.6 million from a global defense contractor for its Vehicle Amplifier-Adaptors (VAA). This order underscores the company's commitment to advanced communication systems. Deliveries are slated to begin in 2022. CEO Michael D. Popielec expressed enthusiasm for the order, highlighting its validation of Ultralife's product development strategy. The company, which operates in North America, Europe, and Asia, produces a range of power solutions and communication systems.
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.
Summary not available.