OverviewSuggest Edit

Ultralife Corporation is a global provider of critical power solutions and communications systems to customers in the government and defense, medical, safety and security, energy, industrial, and robotics sectors. It designs and manufactures rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems. The company sells its products through a variety of trade channels, including original equipment manufacturers, industrial and defense supply distributors, and directly to domestic and international defense departments.

TypePublic
Founded1990
HQNewark, NY, US
Websiteultralifecorporation.com
Employee Ratings2.3

Latest Updates

Employees (est.) (Dec 2020)532(-7%)
Job Openings6
Revenue (FY, 2020)$107.7 M
Share Price (Oct 2021)$7
Cybersecurity ratingBMore
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Key People/Management at Ultralife Corporation

Michael D. Popielec

Michael D. Popielec

Director, President and Chief Executive Officer
Philip A. Fain

Philip A. Fain

CFO & Treasurer
James J. Rasmussen

James J. Rasmussen

President - Communications Systems
Michael E. Manna

Michael E. Manna

President - Battery & Energy Products
Brad Whitmore

Brad Whitmore

Board Chair
Thomas L. Saeli

Thomas L. Saeli

Director
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Ultralife Corporation Office Locations

Ultralife Corporation has offices in Newark, Virginia Beach and Bengaluru
Newark, NY, US (HQ)
2000 Technology Pkwy
Virginia Beach, VA, US
1457 Miller Store Rd #106
Bengaluru, IN
38B 1 Part, Doddanakundi Industrial Area 1st Phase, Mahadevapura
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Ultralife Corporation Financials and Metrics

Ultralife Corporation Revenue

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Ultralife Corporation's revenue was reported to be $107.71 m in FY, 2020 which is a 0.9% increase from the previous period.
USD

Revenue (Q2, 2021)

26.8m

Gross profit (Q2, 2021)

7.3m

Gross profit margin (Q2, 2021), %

27.1%

Net income (Q2, 2021)

822.0k

EBIT (Q2, 2021)

1.1m

Market capitalization (22-Oct-2021)

112.4m

Closing stock price (22-Oct-2021)

7.0

Cash (30-Jun-2021)

15.8m

EV

97.2m
Ultralife Corporation's current market capitalization is $112.4 m.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

87.2m106.8m107.7m

Revenue growth, %

2%22%1%

Cost of goods sold

61.6m75.6m78.6m

Gross profit

25.6m31.2m29.2m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

18.9m29.4m27.5m25.8m28.6m24.4m26.0m26.8m

Cost of goods sold

13.8m20.5m19.6m18.5m20.6m17.9m19.0m19.5m

Gross profit

5.1m8.9m7.9m7.3m8.0m6.5m7.0m7.3m

Gross profit Margin, %

27%30%29%28%28%27%27%27%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

25.6m7.4m10.7m

Accounts Receivable

16.0m30.1m21.1m

Inventories

22.8m29.8m28.2m

Current Assets

67.2m70.4m64.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Cash

21.2m6.8m7.1m6.1m8.4m13.8m13.7m15.8m

Accounts Receivable

13.9m25.1m26.6m35.8m26.4m15.0m19.2m18.7m

Inventories

27.9m34.3m32.4m29.0m28.1m29.7m27.9m27.4m

Current Assets

65.5m68.6m69.0m73.6m65.0m62.2m63.5m64.3m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

25.0m5.3m5.3m

Depreciation and Amortization

2.4m2.7m2.9m

Inventories

3.2m(3.3m)1.1m

Accounts Payable

(822.0k)1.1m1.7m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

449.0k2.7m3.7m1.1m2.8m3.2m679.0k1.5m

Depreciation and Amortization

539.0k1.2m1.9m728.0k1.5m2.2m884.0k1.8m

Inventories

(5.0m)(6.8m)(5.0m)596.0k1.5m13.0k367.0k864.0k

Accounts Payable

1.2m2.7m1.8m1.9m(2.9m)(546.0k)(2.2m)(2.9m)
USDFY, 2018

Revenue/Employee

150.3k

Financial Leverage

1.1 x

P/E Ratio

4.4
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Ultralife Corporation Operating Metrics

FY, 2017FY, 2018FY, 2019

Brands

8811

Patents (US)

61035

Patents (Foreign)

7720

Patents Pending

115
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Ultralife Corporation Acquisitions / Subsidiaries

Company NameDateDeal Size
Southwest Electronic Energy CorporationMay 01, 2019$26.19 m
Accutronics Ltd.January 13, 2016$11 m
ABLE New Energy Co.May 19, 2006
ABLE New Energy Co., Limited
CLB, Inc.
Southwest Electronic Energy Corporation
Ultralife Batteries India Private Limited
Ultralife Batteries (UK) LTD
Ultralife Energy Services Corporation
Ultralife UK LTD

Ultralife Corporation Revenue Breakdown

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Ultralife Corporation revenue breakdown by business segment: 14.7% from Communications Systems and 85.3% from Battery & Energy Products

Ultralife Corporation revenue breakdown by geographic segment: 57.8% from United States and 42.2% from Non-United States

Ultralife Corporation Cybersecurity Score

Cybersecurity ratingPremium dataset

B

89/100

SecurityScorecard logo

Ultralife Corporation Online and Social Media Presence

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Ultralife Corporation News and Updates

Ultralife Corporation to Report Third Quarter Results on October 28, 2021

NEWARK, N.Y., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its third quarter results for the period ended September 30, 2021, before the market opens on Thursday, October 28, 2021.

The Healthcare Information and Management Systems Society (HIMSS) exhibition and conference

Visit booth 3856 to see ULTRALIFE's new X5 medical cart power system and enhanced U1 smart battery.

New X5 medical cart power system

See our new X5 medical cart power system in action at HIMSS Las Vegas; as well as our enhanced smart U1 battery with an almost 20% increase in energy. We are on booth 3856 until Thursday.

Ultralife Corporation to Report Second Quarter Results on July 29, 2021

NEWARK, N.Y., July 15, 2021 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its second quarter results for the period ended June 30, 2021 before the market opens on Thursday, July 29, 2021.

Ultralife Corporation Awarded IDIQ Contract Under U.S. Army’s $1.25B Conformal Wearable Battery Program

NEWARK, N.Y., May 17, 2021 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has received a firm-fixed price indefinite-delivery/indefinite-quantity contract from the U.S. Army for purchases of Conformal Wearable Batteries not to exceed $168 million during the three-year base award period w…

Ultralife Corporation to Report First Quarter Results on April 29, 2021

NEWARK, N.Y., April 15, 2021 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its first quarter results for the period ended March 31, 2021 before the market opens on Thursday, April 29, 2021.
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Ultralife Corporation Blogs

Ultralife Corporation Announces Change in Location of Annual Meeting of Shareholders

NEWARK, N.Y., July 07, 2020 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ:  ULBI) today announced that due to the ongoing public health impact of the coronavirus (COVID-19) pandemic and out of an abundance of caution, the location of the Annual Meeting of Shareholders to be held on July 22 nd

Ultralife Corporation Announces Addition to the Russell 2000® Index

Ultralife Corporation Announces Addition to the Russell 2000® Index Content Import Mon, 06/29/2020 - 07:01 Ultralife Corporation Announces Addition to the Russell 2000® Index Jun 29, 2020 This release is a backfill from a News Wire General …

Ultralife Corporation to Report Fourth Quarter Results on February 6, 2020

NEWARK, N.Y. , Jan. 23, 2020 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its fourth quarter results for the period ended December 31, 2019 before the market opens on Thursday, February 6, 2020 . Ultralife’s Management will also host an investor conference call and

Ultralife Corporation Receives Award for Its Legacy BA-5390 Military Batteries from Defense Logistics Agency

NEWARK, N.Y. , Dec. 18, 2019 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has received a $4.9 million firm-fixed price delivery contract from the U.S. Government’s Defense Logistics Agency (DLA) for its lithium manganese dioxide, non-rechargeable BA-5390 batteries.

Ultralife Corporation to Report Second Quarter Results on August 1, 2019

NEWARK, N.Y. , July 18, 2019 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its second quarter results for the period ended June 30, 2019 before the market opens on Thursday, August 1, 2019 . Ultralife’s management will also host an investor conference call and simultaneous

Ultralife Receives $9.5 Million Communications Systems IDIQ Contract

NEWARK, N.Y. , Oct. 24, 2018 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) has received a fixed price, indefinite-delivery/indefinite-quantity contract for purchases not to exceed $9.5 million from an undisclosed major defense prime contractor for vehicle communications kits for use by
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Ultralife Corporation Frequently Asked Questions

  • When was Ultralife Corporation founded?

    Ultralife Corporation was founded in 1990.

  • Who are Ultralife Corporation key executives?

    Ultralife Corporation's key executives are Michael D. Popielec, Philip A. Fain and James J. Rasmussen.

  • How many employees does Ultralife Corporation have?

    Ultralife Corporation has 532 employees.

  • What is Ultralife Corporation revenue?

    Latest Ultralife Corporation annual revenue is $107.7 m.

  • What is Ultralife Corporation revenue per employee?

    Latest Ultralife Corporation revenue per employee is $202.5 k.

  • Who are Ultralife Corporation competitors?

    Competitors of Ultralife Corporation include Tripp Lite, Elettronica Group and L3 Communication Systems-West.

  • Where is Ultralife Corporation headquarters?

    Ultralife Corporation headquarters is located at 2000 Technology Pkwy, Newark.

  • Where are Ultralife Corporation offices?

    Ultralife Corporation has offices in Newark, Virginia Beach and Bengaluru.

  • How many offices does Ultralife Corporation have?

    Ultralife Corporation has 3 offices.