Ultralife Q1: revenue $31.9M (+5.1%), net loss $0.3M due to ransomware disruption

ULTRALIFE CORP

2023-Q1 EPS reported -$0.02 revenue$31,916,000

Revenue $31.9M, +5.1% YoY; operating income breakeven vs loss $0.3M last year.
Net loss $0.3M ($0.02/share) vs net loss $0.2M ($0.01/share) in Q1 2022.
Ransomware attack discovered Jan 25, 2023; no ransom paid; $0.1M cyber insurance deductible recorded.
Gov/defense sales +24.7%; Communications Systems sales +181.8% to $3.4M on vehicle-amplifier adaptor order.
Total backlog $108.1M, with $96.1M shippable in 9 months, up 30.2% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

ULTRALIFE CORP reported first quarter ended March 31, 2023 results: revenue $31.9 million, net income Net loss was $0.3 million or $0.02 per diluted share, EPS $0.02 per diluted share.

Period: first quarter ended March 31, 2023
Revenue: $31.9 million
Net income: Net loss was $0.3 million or $0.02 per diluted share
EPS: $0.02 per diluted share
Result: reported results

Exact text from the filing

Ultralife Corporation (NASDAQ: ULBI) reported breakeven operating income and adjusted EBITDA of $1.2 million on revenue of $31.9 million for the first quarter ended March 31, 2023.

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Source: SEC EDGAR

accession 0001437749-23-011241

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