Ultralife Corp
NASDAQ:ULBI

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Ultralife Corp
NASDAQ:ULBI
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Price: 8.71 USD 1.87% Market Closed
Market Cap: 144.8m USD
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Income Statement

Earnings Waterfall
Ultralife Corp

Revenue
168.9m USD
Cost of Revenue
-124.7m USD
Gross Profit
44.2m USD
Operating Expenses
-30.4m USD
Operating Income
13.8m USD
Other Expenses
-3.7m USD
Net Income
10.1m USD

Income Statement
Ultralife Corp

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Income Statement
Currency: USD
Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Apr-2017 Jul-2017 Oct-2017 Dec-2017 Apr-2018 Jul-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024
Revenue
Revenue
71
N/A
67
-6%
67
0%
70
+6%
74
+5%
77
+4%
76
-1%
78
+2%
79
+2%
80
+1%
83
+3%
84
+1%
83
-1%
85
+2%
86
+1%
87
+1%
89
+3%
89
-1%
87
-2%
83
-5%
90
+8%
97
+8%
107
+10%
114
+6%
113
-1%
110
-3%
108
-2%
108
+0%
106
-2%
103
-2%
98
-5%
103
+4%
108
+5%
119
+11%
132
+10%
133
+1%
144
+8%
150
+4%
159
+6%
169
+6%
169
+0%
Gross Profit
Cost of Revenue
(51)
(48)
(47)
(49)
(51)
(53)
(53)
(54)
(56)
(56)
(57)
(58)
(57)
(58)
(59)
(60)
(63)
(62)
(62)
(60)
(64)
(69)
(76)
(80)
(80)
(79)
(79)
(79)
(78)
(77)
(74)
(78)
(83)
(93)
(102)
(104)
(111)
(114)
(119)
(125)
(125)
Gross Profit
20
N/A
19
-8%
19
+4%
21
+8%
23
+8%
24
+6%
23
-3%
24
+2%
24
+0%
24
+0%
25
+5%
26
+2%
26
+1%
26
+1%
26
+0%
27
+2%
27
+1%
27
-1%
26
-4%
23
-9%
26
+10%
28
+7%
31
+13%
33
+7%
33
-3%
31
-4%
29
-6%
29
-1%
28
-2%
27
-5%
25
-8%
25
+0%
25
+2%
27
+6%
29
+10%
30
+2%
33
+10%
36
+9%
39
+9%
43
+10%
44
+2%
Operating Income
Operating Expenses
(22)
(21)
(21)
(21)
(20)
(20)
(20)
(21)
(21)
(21)
(21)
(20)
(20)
(20)
(20)
(20)
(20)
(19)
(19)
(19)
(20)
(22)
(24)
(25)
(25)
(24)
(23)
(22)
(23)
(23)
(25)
(26)
(27)
(28)
(29)
(29)
(30)
(30)
(30)
(30)
(30)
Selling, General & Administrative
(16)
(15)
(15)
(15)
(15)
(15)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(15)
(14)
(14)
(14)
(14)
(15)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(17)
(18)
(19)
(20)
(21)
(21)
(21)
(22)
(21)
(22)
(22)
Research & Development
(6)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(6)
(6)
(6)
(5)
(5)
(5)
(5)
(5)
(5)
(4)
(4)
(4)
(5)
(6)
(7)
(7)
(7)
(6)
(6)
(6)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
Depreciation & Amortization
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
(1)
Operating Income
(2)
N/A
(2)
-46%
(1)
+38%
0
N/A
3
+455%
4
+47%
4
-9%
3
-15%
3
-11%
3
-1%
4
+44%
5
+35%
6
+16%
6
+2%
7
+7%
7
+8%
7
+4%
8
+3%
7
-12%
5
-28%
6
+30%
6
-3%
7
+24%
8
+12%
8
-9%
7
-8%
6
-18%
7
+19%
6
-18%
4
-27%
0
N/A
(1)
N/A
(2)
-25%
(1)
+13%
0
N/A
0
+350%
3
+640%
6
+82%
9
+56%
14
+43%
14
+2%
Pre-Tax Income
Interest Income Expense
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
Non-Reccuring Items
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
0
(0)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
(0)
0
(0)
0
0
0
0
0
0
(0)
0
0
0
0
0
0
0
0
0
0
1
0
0
2
1
2
2
1
Pre-Tax Income
(2)
N/A
(3)
-51%
(2)
+29%
(0)
+99%
2
N/A
4
+67%
3
-11%
3
-10%
3
-13%
2
-3%
4
+47%
5
+38%
6
+16%
6
+2%
6
+8%
7
+7%
7
+7%
8
+4%
7
-12%
5
-26%
6
+25%
6
-6%
7
+18%
8
+13%
7
-10%
6
-7%
7
+9%
7
-7%
5
-17%
4
-26%
(0)
N/A
(1)
-630%
(2)
-27%
(1)
+24%
(0)
+71%
(1)
-25%
4
N/A
6
+59%
9
+62%
13
+45%
12
-7%
Net Income
Tax Provision
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(1)
(1)
(0)
(0)
18
18
18
18
(2)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(0)
0
0
0
0
0
(1)
(2)
(2)
(3)
(2)
Income from Continuing Operations
(2)
(3)
(2)
(0)
2
3
3
3
2
2
4
5
6
6
6
6
7
7
25
23
24
23
5
6
5
5
5
5
4
3
(0)
(1)
(1)
(1)
(0)
(0)
3
4
7
10
10
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
0
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
(0)
0
0
0
(0)
0
(0)
(0)
0
0
0
0
Net Income (Common)
(2)
N/A
(3)
-49%
(2)
+28%
(0)
+86%
2
N/A
3
+74%
3
-10%
3
-9%
2
-13%
2
-1%
4
+54%
5
+39%
6
+13%
6
+1%
8
+36%
8
+7%
9
+7%
9
+4%
25
+177%
23
-7%
24
+3%
23
-2%
5
-78%
6
+13%
5
-10%
5
-9%
5
+9%
5
-7%
4
-18%
3
-25%
(0)
N/A
(1)
-440%
(1)
-28%
(1)
+25%
(0)
+90%
(0)
-200%
3
N/A
4
+62%
7
+76%
10
+45%
10
-4%
EPS (Diluted)
-0.1
N/A
-0.16
-60%
-0.12
+25%
-0.02
+83%
0.11
N/A
0.2
+82%
0.17
-15%
0.17
N/A
0.15
-12%
0.15
N/A
0.23
+53%
0.32
+39%
0.36
+13%
0.36
N/A
0.47
+31%
0.5
+6%
0.52
+4%
0.54
+4%
1.53
+183%
1.44
-6%
1.48
+3%
1.45
-2%
0.32
-78%
0.37
+16%
0.33
-11%
0.3
-9%
0.33
+10%
0.3
-9%
0.25
-17%
0.18
-28%
-0.01
N/A
-0.07
-600%
-0.09
-29%
-0.06
+33%
-0.01
+83%
-0.01
N/A
0.17
N/A
0.26
+53%
0.44
+69%
0.64
+45%
0.61
-5%

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