Ultralife Corp

Chart & Performance

D1W1MN

P/E

18.07

P/S

0.82

EPS

0.43

Div Yield, %

0.00%

Shrs. gr., 5y

-0.15%

Rev. gr., 5y

12.72%

Revenues

159m

+20.33%

Net income

CFO

Earnings

Feb 13, 2025

Profile

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM 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. It sells its products under the Ultralife, Ultralife Thin Cell, Utralife HiRate, Ultralife and design, Ultra, Lithium Power, LithiumPower and Design, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE DRILL-DATA, and SWE SEASAFE brands through original equipment manufacturers, and industrial and defense supply distributors, as well as directly to the United States and international defense departments. In addition, the company sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. Ultralife Corporation serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York.

URL

https://www.ultralifecorporation.com/

IPO date

Dec 23, 1992

Employees

547

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	158,644 20.33%	131,840 34.17%
Cost of revenue	126,975	109,521
Unusual Expense (Income)
NOPBT	31,669	22,319
NOPBT Margin	19.96%	16.93%
Operating Taxes	1,951	(326)
Tax Rate	6.16%
NOPAT	29,718	22,645
Net income	7,197 -6,097.50%	(120) -47.83%
Dividends
Dividend yield
Proceeds from repurchase of equity	(8)	101
BB yield	0.01%	-0.16%
Debt
Debt current	2,894	2,000
Long-term debt	28,912	20,617
Deferred revenue		1,917
Other long-term liabilities	1,137	(30)
Net debt	21,528	16,904
Cash flow
Cash from operating activities	1,929	(1,263)
CAPEX	(2,552)	(1,679)
Cash from investing activities	(2,552)	(1,679)
Cash from financing activities	5,490	518
FCF	14,001	19,498
Balance
Cash	10,278	5,713
Long term investments
Excess cash	2,346
Stockholders' equity	(42,241)	(49,518)
Invested Capital	197,967	189,118
ROIC	15.35%	12.02%
ROCE	20.11%	15.77%
EV
Common stock shares outstanding	16,226	16,125
Price	6.82 76.68%	3.86 -36.09%
Market cap	110,661 77.79%	62,242 -35.74%
EV	132,284	79,272
EBITDA	35,580	26,778
EV/EBITDA	3.72	2.96
Interest	2,016	951
Interest/NOPBT	6.37%	4.26%