10-K · April 29, 2026
Ultralife Corporation (ULBI) reported a revenue increase for fiscal 2025, reaching $191,159 million, up from $164,456 million in 2024, primarily driven by the Battery & Energy Products segment. However, the company…
Earnings analysis · 10-Q
ULBI earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Ultralife Corporation reported a disappointing Q1 2026 with revenues decreasing 6.5% to $47.4 million, missing estimates. A notable decline in both gross margin and EPS (down to -$0.03), along with rising operating…
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Ultralife Corporation reported a disappointing Q1 2026 with revenues decreasing 6.5% to $47.4 million, missing estimates. A notable decline in both gross margin and EPS (down to -$0.03), along with rising operating expenses, negatively impacted profitability, reflecting ongoing operational challenges and production inefficiencies.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.03
- Segment
- Battery & Energy Products: $44.2M, Communications Systems: $3.3M
What stood out
-
Revenue Decline
Consolidated revenues fell by 6.5%, from $50.7M in Q1 2025 to $47.4M in Q1 2026.
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Lower Gross Margin
Gross margin decreased to 21.3% in Q1 2026 from 25.1% in Q1 2025.
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Operating Loss Reported
Operating loss of $215K in Q1 2026, a decline from the $3.4M profit in Q1 2025.
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Significant EPS Drop
EPS fell to -$0.03 in Q1 2026 from $0.11 in Q1 2025.
-
Cash from Operations
Cash generated from operations for Q1 2026 was $2.26M, down from $3.37M in Q1 2025.
-
Increased Debt Reduction
Outstanding debt was reduced by $2.06M during Q1 2026.
What to watch
-
Production Challenges Persist
Production lost days due to power outages and blizzards significantly impacted revenue.
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Higher Operating Expenses
Operating expenses increased 10.5% year-over-year to $10.3M for Q1 2026.
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Reduced Demand in Key Segments
Batteries and Communications Systems segments saw declines of 4.7% and 25.7% respectively.
Management's outlook
Outlook deferred to earnings press release / call.
Earlier filings 4
10-K · March 23, 2026
Ultralife reported fiscal 2025 revenue growth to $191,159 (amounts in the filing are presented in thousands) from $164,456 in 2024, driven by its Battery & Energy Products segment, but posted an operating loss of…
10-Q · August 7, 2025
Ultralife reported Q2 revenue of $48,561,000 (up from $42,983,000 a year ago) and GAAP diluted EPS of $0.05 for the quarter. Gross margin compressed to 23.9% and operating income fell to $2,256,000 as interest expense…
10-Q · May 12, 2025
Ultralife Corporation reported revenues of $51 million for Q1 2025, reflecting a significant increase of 21% year-over-year, while diluted EPS fell to $0.11 from $0.18 a year prior. The gross margin decreased to 25.1%,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.