Ultralife Q4 revenue up 52% to $36.1M; backlog record $111M; cyber incident caused 2-week disruption

ULTRALIFE CORP

Revenue $36.1M (+51.9% YoY); operating profit $0.2M vs loss $1.2M; net loss $0.2M ($0.01/sh) vs loss $1.1M ($0.07).
Backlog $111M, highest ever, up 74% YoY.
Cyber incident discovered Jan 25, 2023; partial disruption, ~2 weeks downtime; no ransom paid; $100k deductible.
Adjusted EBITDA $2.0M vs loss $0.1M; gross margin 22.4% vs 22.3%.
Government/defense sales up 84%; commercial up 38%; Battery & Energy up 45%.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ULTRALIFE CORP reported the fourth quarter ended December 31, 2022 results: revenue $36.1 million, net income $0.2 million, EPS $0.01 per diluted share.

Period: the fourth quarter ended December 31, 2022
Revenue: $36.1 million
Net income: $0.2 million
EPS: $0.01 per diluted share
Result: reported results

Exact text from the filing

Ultralife Corporation Reports Fourth Quarter Results NEWARK, N.Y. – March 2, 2023 -- Ultralife Corporation (NASDAQ: ULBI) reported operating profit of $0.2 million and adjusted EBITDA of $2.0 million on revenue of $36.1 million for the fourth quarter ended December 31, 2022.

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Source: SEC EDGAR

accession 0001437749-23-005169

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