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) reported a third-quarter operating income of $0.7 million on revenue of $24.4 million for the period ending September 30, 2020. Revenue decreased by 11.4% from $27.5 million last year, with operating income down from $1.3 million. Medical sales surged 102%, but were countered by weak oil & gas market performance and a 48.3% decline in Communications Systems sales. Despite challenges from COVID-19, the company reduced debt by $7.1 million and increased cash reserves by $5.4 million, asserting a solid balance sheet amid ongoing economic pressures.
Ultralife Corporation (NASDAQ: ULBI) is set to release its third quarter financial results for the period ending September 30, 2020, on October 29, 2020, before market opening. Management will hold an investor conference call and webcast at 8:30 AM ET on the same day. Participants can join the call by dialing (800) 915-4836 and a replay will be available shortly after. Ultralife specializes in power solutions and communication systems for government, defense, and commercial customers globally, with operations across North America, Europe, and Asia.
Ultralife Corporation (NASDAQ: ULBI) reported operating income of $2.3 million and revenue of $28.6 million for Q2 2020, down from $3.0 million and $29.4 million in Q2 2019. The company saw a 72% increase in medical battery sales and a 50% rise in government/defense sales, though overall revenue faced a 2.8% decline. Gross profit was $8 million, representing 27.9% of revenue. Adjusted EPS decreased to $0.13 from $0.18 year-over-year, while Adjusted EBITDA was $3.3 million. Ultralife aims to maintain profitability and liquidity amid economic challenges.
Ultralife Corporation (NASDAQ: ULBI) will announce its second quarter results for the period ending June 30, 2020, before the market opens on July 30, 2020. A conference call will follow on the same day at 8:30 AM ET, where management will discuss the results. Investors can join the call by dialing (800) 915-4836 or via a live webcast available on the company's website. For those unable to attend live, a replay will be accessible shortly after the call. Ultralife provides power solutions and communication systems globally to government, defense, and commercial sectors.
Ultralife Corporation (NASDAQ: ULBI) announced a change in the location of its Annual Meeting of Shareholders due to the COVID-19 pandemic. The meeting will now take place on July 22, 2020, at the company's headquarters in Newark, NY, instead of The Westin Crystal City in Arlington, VA. All other details remain unchanged. Shareholders eligible to vote are those on record as of May 26, 2020. For more information regarding voting procedures, shareholders are directed to the proxy materials filed with the SEC and available on the company's website.
Ultralife Corporation (NASDAQ: ULBI) has been included in the Russell 2000® Index, effective June 29, 2020. This significant milestone underscores Ultralife's potential for enhanced visibility and growth within the investment community. The Russell 2000® Index serves as a critical benchmark for small-cap companies, with approximately $9 trillion in assets benchmarked against the indexes. Ultralife focuses on power solutions and communications systems, catering to various global markets, including government and defense sectors.
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