Ultralife Corporation designs, manufactures, installs, and maintains power and communications systems for government, defense, and commercial sectors worldwide. Its Battery and Energy Products segment provides batteries and battery systems, uninterruptable power supplies, rugged military and commercial battery charging systems and accessories. The Communications Systems segment offers communications systems and accessories to support military communications systems. This segment's military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers.
TypePublic
HQNewark, US
Founded1990
Size (employees)568 (est)+3%
Websiteultralifecorporation.com
Ultralife Corporation was founded in 1990 and is headquartered in Newark, US
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Key People/Management at Ultralife Corporation

Michael Popielec

Michael Popielec

President and CEO at Ultralife Corporation
Ken Bird

Ken Bird

President, Battery and Energy Products
Manna Mike

Manna Mike

Vice President of Product Management, Battery and Energy
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Ultralife Corporation Office Locations

Ultralife Corporation has an office in Newark
Newark, US (HQ)
2000 Technology Pkwy
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Ultralife Corporation Financials and Metrics

Ultralife Corporation Revenue

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Ultralife Corporation's revenue was reported to be $85.53 m in FY, 2017 which is a 3.7% increase from the previous period.
USD

Revenue (Q2, 2019)

45.9m

Gross profit (Q2, 2019)

13.8m

Gross profit margin (Q2, 2019), %

30.1%

Net income (Q2, 2019)

3.8m

EBIT (Q2, 2019)

4.0m

Market capitalization (11-Oct-2018)

116.7m

Closing stock price (11-Oct-2018)

7.3

Cash (1-Jul-2018)

20.3m
Ultralife Corporation's current market capitalization is $116.7 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

78.8m66.5m76.4m82.5m85.5m

Revenue growth, %

(16%)15%8%4%

Cost of goods sold

56.2m47.1m53.1m57.4m59.3m

Gross profit

22.6m19.4m23.3m25.1m26.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2019Q2, 2019

Revenue

20.4m15.3m15.2m19.2m19.0m19.0m20.8m20.4m19.6m22.0m19.9m23.1m45.9m

Cost of goods sold

14.2m11.0m11.0m13.2m13.1m13.1m14.4m14.5m13.6m15.1m13.7m15.8m32.1m

Gross profit

6.1m4.3m4.2m6.0m5.9m5.9m6.4m5.9m6.0m6.9m6.2m7.3m13.8m

Gross profit Margin, %

30%28%28%31%31%31%31%29%31%31%31%32%30%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

16.1m17.7m14.4m10.6m18.2m

Accounts Receivable

13.2m14.7m

Prepaid Expenses

2.1m2.6m

Inventories

26.1m1.3m1.9m23.5m26.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2019Q2, 2019

Cash

10.4m18.9m17.2m20.1m15.8m14.6m2.8m3.1m6.7m13.6m14.9m18.2m20.3m

Accounts Receivable

15.1m

Inventories

27.8m26.7m27.1m24.8m24.0m23.4m27.0m26.6m24.9m22.7m24.5m27.0m24.9m

Current Assets

56.1m57.4m55.9m58.5m52.6m51.5m47.6m46.0m47.2m52.2m54.8m63.8m63.5m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(960.0k)(2.1m)2.8m3.5m7.7m

Depreciation and Amortization

2.7m2.4m

Inventories

4.4m(46.0k)2.1m2.0m(2.5m)

Accounts Payable

(6.7m)(2.0m)723.0k(1.4m)2.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2019Q2, 2019

Net Income

622.0k(1.3m)(2.7m)523.0k774.0k1.0m281.0k723.0k1.7m1.7m2.8m2.2m3.8m

Depreciation and Amortization

726.0k1.4m2.1m608.0k1.0m586.0k1.2m

Inventories

(627.0k)(1.0m)(1.1m)(762.0k)755.0k771.0k(904.0k)(502.0k)1.3m

Accounts Payable

(862.0k)(2.1m)7.7m6.4m6.8m(620.0k)(2.1m)(1.7m)92.0k478.0k(2.3m)(4.2m)
USDY, 2018

Financial Leverage

1.2 x
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Ultralife Corporation Revenue Breakdown

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Ultralife Corporation revenue breakdown by business segment: 81.6% from Battery & Energy Products and 18.4% from Communications Systems

Ultralife Corporation revenue breakdown by geographic segment: 44.3% from Non-United States and 55.7% from United States

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Ultralife Corporation Online and Social Media Presence

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Ultralife Corporation News and Updates

Ultralife Corporation Awarded $10.9 Million Communications Systems Contract

NEWARK, N.Y., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has been awarded a contract valued at approximately $10.9 million to supply Vehicle Amplifier-Adaptors (“VAA’s”) and Mounted Power Amplifiers to Thales Defense & Security, Inc., a global leader in the developm…

Ultralife Corporation Reports Second Quarter Results

NEWARK, N.Y., Aug. 02, 2018 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ:ULBI) reported operating income of $1.6 million on revenue of $22.9 million for the second quarter ended July 1, 2018.  For the second quarter of 2017, the Company reported operating income of $1.3 million on revenue of …
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Ultralife Corporation Company Life and Culture

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