Ultralife Corporation

Ultralife Corporation, which began as a battery company, now offers products and services ranging from portable and standby power solutions to communications and electronics systems. The Battery and Energy Products group offers a complete range of rechargeable and non-rechargeable batteries, chargers, and accesories to both commercial and military customers. Our Communication Systems group offers a complete set of power and amplification products that compliment many of the commercial and military portable radio and communications sets. Ultralife's family of brands includes: Ultralife Batteries, ABLE, McDowell Research, and AMTI. Ultralife's operations are in North America, Europe and Asia. Ultralife was incorporated in 1990 and became a public company in 1992. Our shares trade on the NASDAQ under the symbol ULBI.
Type
Public
HQ
Newark, US
Founded
1990
Size (employees)
552 (est)-20%
Ultralife Corporation was founded in 1990 and is headquartered in Newark, US

Key People at Ultralife Corporation

Michael Popielec

Michael Popielec

President and CEO at Ultralife Corporation
Ronald Nelson, MBA

Ronald Nelson, MBA

Vice President Business Development
Manna Mike

Manna Mike

Vice President of Product Management, Batteries and Energy
Steve Heir

Steve Heir

President, Battery and Energy Products at Ultralife Corporation
Ken Bird

Ken Bird

Vice President of Global Sales - Battery & Energy Products

Ultralife Corporation Office Locations

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

Ultralife Corporation Data and Metrics

Ultralife Corporation Financial Metrics

Ultralife Corporation's revenue was reported to be $82.5 m in FY, 2016 which is a 8% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

82.5 m

Revenue growth (FY, 2015 - FY, 2016), %

8%

Gross profit (FY, 2016)

25.1 m

Gross profit margin (FY, 2016), %

30%

Net income (FY, 2016)

3.5 m

EBIT (FY, 2016)

3.8 m

Market capitalization (26-May-2017)

95.3 m

Closing share price (26-May-2017)

6

Cash (31-Dec-2016)

10.6 m
Ultralife Corporation's current market capitalization is $95.3 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

78.8 m66.5 m76.4 m82.5 m

Revenue growth, %

(16%)15%8%

Cost of goods sold

56.2 m47.1 m53.1 m57.4 m

Gross profit

22.6 m19.4 m23.3 m25.1 m

Gross profit Margin, %

29%29%31%30%

Operating expense total

23.2 m20.8 m20 m21.3 m

EBIT

(624 k)(1.4 m)3.3 m3.8 m

EBIT margin, %

(1%)(2%)4%5%

Interest expense

238 k

Interest income

39 k13 k3 k

Pre tax profit

(849 k)(1.8 m)3.2 m

Income tax expense

268 k310 k98 k

Net Income

(960 k)(2.1 m)2.8 m3.5 m
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

16.1 m17.7 m14.4 m10.6 m

Accounts Receivable

Inventories

26.1 m1.3 m1.9 m2.1 m

Current Assets

58.7 m56.9 m51.9 m49.5 m

PP&E

10.2 m

Goodwill

16.4 m16.4 m16.3 m20 m

Total Assets

90.2 m87.6 m81.5 m84.7 m

Accounts Payable

7.1 m7 m6.5 m7.3 m

Current Liabilities

12 m11.2 m10.8 m11.3 m

Non-Current Liabilities

4.5 m

Total Liabilities

16.5 m

Common Stock

1.9 m1.9 m

Additional Paid-in Capital

174.9 m175.9 m177 m178.2 m

Retained Earnings

(94.8 m)(96.9 m)(94.1 m)(90.5 m)

Total Equity

73.6 m71.9 m66 m67.9 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(960 k)(2.1 m)2.8 m3.5 m

Depreciation and Amortization

2.7 m

Accounts Receivable

6.7 m2.9 m(217 k)(667 k)

Inventories

4.4 m(46 k)2.1 m2 m

Accounts Payable

(6.7 m)(2 m)723 k(1.4 m)

Cash From Operating Activities

6.9 m3.7 m8.6 m7.7 m

Purchases of PP&E

(766 k)

Cash From Investing Activities

(269 k)(1.4 m)(2.9 m)(11 m)

Cash From Financing Activities

12 k(751 k)(8.9 m)(175 k)

Interest Paid

107 k76 k150 k179 k

Income Taxes Paid

100 k60 k52 k273 k
Y, 2016

Financial Leverage

1.2 x

Ultralife Corporation Market Value History

Ultralife Corporation Online and Social Media Presence

Ultralife Corporation Company Life and Culture

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