secwatch.observer — SEC 8-K summary
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Issuer:     ULTRALIFE CORP (ULBI)
CIK:        0000875657
Form:       8-K
Filed at:   2023-03-02T23:59:59+00:00
Accession:  0001437749-23-005169
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875657/000143774923005169/0001437749-23-005169-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875657/000143774923005169/ulbi20230301_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-005169

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer