earnings
confidence high
sentiment negative
materiality 0.75
Ultralife reports Q3 operating loss of $0.8M; revenue down 11% to $21.8M
ULTRALIFE CORP
2021-Q3 EPS reported
$6.00
revenue$74,504,000
- Net loss $0.6M ($0.04/diluted share); adjusted EPS unfavorably impacted by $0.08 from supply chain delays.
- Revenue $21.8M, down 10.7% YoY; commercial sales up 5%, government/defense sales down 40%.
- Delayed shipments from supply chain bottlenecks adversely impacted revenue by ~$4.1M in Q3.
- Backlog increased ~22% sequentially; cash $15.9M, up 49% from year-end 2020; debt reduced to $0.3M.
- Battery & Energy revenue down 8% to $20.0M; Communications Systems down 31% to $1.8M.