Ultralife Stock Price, News & Analysis

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.

Ultralife Corporation (NASDAQ: ULBI) will announce its third quarter financial results for the period ending September 30, 2021, prior to market opening on Thursday, October 28, 2021. The company will hold an investor conference call and webcast at 8:30 AM ET on the same day. To participate, dial (800) 915-4836. A replay of the call will be available shortly after. Ultralife, headquartered in Newark, New York, offers a range of products in power solutions and communications, serving government and commercial clients globally.

Ultralife Corporation (NASDAQ: ULBI) reported a second-quarter operating income of $1.1 million on $26.8 million in revenue, down from $28.6 million in Q2 2020. Despite a 3% sequential sales increase from Q1, year-over-year revenue decreased by 6.3%. Notably, oil & gas revenues surged by 49% year-over-year, while sales from government/defense dropped by 13.2%. Delayed shipments due to supply chain issues impacted revenue by approximately $1.5 million. Cash position improved by 15.9% to $15.8 million, while debt decreased by 36.6% to $0.7 million.

Ultralife Corporation (NASDAQ: ULBI) will announce its second quarter results for the period ending June 30, 2021, before market opening on July 29, 2021. Management will conduct a conference call at 8:30 AM ET on the same day. Investors can join by calling (800) 915-4836 or via a live webcast available on the company’s investor relations page. A replay of the webcast will be accessible shortly after the live event. Ultralife specializes in power solutions and communication systems, serving various global markets including government and defense.