ULBINasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesUS GAAP · USD

Ultralife Corporation

Ultralife Corp. is a U.S.-based designer and manufacturer of power solutions and communications/electronics systems for government, defense, industrial, and commercial customers. Its portfolio includes rechargeable and non-rechargeable batteries, charging systems, custom engineered power products, and integrated communications and electronics systems sold through OEMs, distributors, and direct channels worldwide.

Liikevaihto191milj. USD
+16,2 %v/v
Liikevoitto (EBIT)−5,9milj. USD
−159,2 %v/v
EBIT-marginaali−3,1%
−9,1 %-yks.v/v
Nettotulos−5,9milj. USD
−193,4 %v/v
Vapaa kassavirta7,1milj. USD
−51,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−50050100150200milj. USD2020: 108 milj. USD2020: EBIT 5,7 milj. USD20202021: 98 milj. USD2021: EBIT 0,04 milj. USD20212022: 132 milj. USD2022: EBIT 0,13 milj. USD20222023: 159 milj. USD2023: EBIT 9,5 milj. USD20232024: 164 milj. USD2024: EBIT 10,0 milj. USD20242025: 191 milj. USD2025: EBIT −5,9 milj. USD2025191−5,9
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Battery & Energy Products60 %

Primary and rechargeable battery products, charging systems, and related power accessories.

Communications Systems25 %

Integrated communications, electronics, and mission-critical system assemblies for defense and industrial customers.

Custom Engineered Systems10 %

Application-specific power and electronics solutions built to customer requirements.

Services and Other5 %

Ancillary services, engineering support, and smaller product lines tied to core offerings.

Asiakkaat

Ultralife sells to government, defense, and commercial end markets, with demand coming through OEMs, industrial and defense distributors, and direct sales to U.S. and foreign defense departments. Its products are used where reliability, long life, and mission-critical performance matter, such as defense platforms, medical devices, oil & gas applications, and industrial systems.

Defense and government

Buys batteries, charging systems, and integrated communications/electronics for military and government programs.

OEMs

Integrate Ultralife power products and subsystems into their own equipment and platforms.

Industrial distributors

Purchase products for resale into specialized industrial and defense channels.

Commercial end markets

Includes medical and oil & gas customers that need durable power solutions.

Prime contractors

Buy integrated systems and custom assemblies for large defense and modernization programs.

Strategia

Ultralife is focused on converting its product development pipeline into revenue, especially in battery and mission-critical power applications. It is also emphasizing operational efficiency, supply chain resilience, and vertical integration in oil & gas-related offerings to improve execution across its global brand platform.

Commercialize new product programsLyhyt aikaväli

New battery and communications programs can deepen customer relationships and expand recurring program revenue.

Operational efficiency and manufacturing improvementLyhyt aikaväli

Better throughput and lower friction in production support more consistent delivery and execution.

Vertical integration in oil & gasKeskipitkä aikaväli

Tighter control over product and system integration can improve differentiation in rugged commercial end markets.

Brand consolidationLyhyt aikaväli

A unified master brand can simplify market positioning and improve customer recognition across product lines.

Maantiede

Ultralife operates and sells globally, with sales, operations, and product development facilities in North America, Europe, and Asia. The company’s customer base is international, but the U.S. defense market is a core anchor, while overseas defense and industrial channels broaden its reach and supply chain footprint.

Riskit

Ultralife is exposed to program timing risk, customer concentration in defense-related channels, and manufacturing execution risk because its products often depend on qualification cycles and large contract awards. It also faces supply chain, tariff, and component-quality risks that can affect production flow, while its global footprint adds exposure to international demand and geopolitical conditions.

Järjestetty vakavuuden mukaan
Defense and government order timingKorkea

Large programs can be delayed by procurement cycles, budget timing, or government shutdowns.

Kohdistuu: Communications Systems and battery programs tied to defense customers

Manufacturing inefficiency and low throughputKorkea

Lower factory utilization can raise unit costs and reduce operating leverage.

Kohdistuu: Battery & Energy Products and other production lines

Customer and program concentrationKorkea

A few large OEM or defense programs can drive a meaningful share of revenue.

Kohdistuu: Major international defense contractors and prime contractors

Supply chain and component qualityKeskitaso

Incoming component issues can interrupt production and affect product quality or delivery schedules.

Kohdistuu: Electronics assemblies and battery manufacturing

Tariff and freight inflationKeskitaso

Cross-border sourcing and shipping can increase landed costs and compress margins.

Kohdistuu: Global manufacturing and distribution network

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition timing

Large program shipments and purchase-order timing can shift revenue between quarters.

Vaikutus: Affects quarterly comparability and reported growth rates

Goodwill and intangible assets

Brand consolidation and acquired brands can require impairment or revaluation analysis.

Vaikutus: Can create non-cash charges and change reported equity

Inventory and manufacturing estimates

Component quality issues and throughput changes can affect inventory valuation and cost absorption.

Vaikutus: Influences gross margin and operating results

Debt and covenant disclosures

Term loan balances and covenant compliance are important for liquidity assessment.

Vaikutus: Affects leverage perception and financing flexibility

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 29.4.2026