earnings
confidence high
sentiment positive
materiality 0.80
Ultralife Q2 revenue $42.7M (+33% YoY); operating income $3.7M vs $0.8M; backlog record $110.9M
ULTRALIFE CORP
2023-Q2 EPS reported
$0.19
revenue$74,608,000
- Revenue $42.7M, up 32.9% YoY; operating income $3.7M vs $0.8M YoY.
- Adjusted EPS $0.29 vs $0.03 YoY; GAAP net income $3.3M ($0.21 diluted EPS).
- Backlog reached record $110.9M, up 40.1% YoY; $76.4M expected to ship in H2 2023.
- Government/defense sales up 111.5%; Communications Systems sales more than quadrupled to $8.8M.
- Gross margin 24.8% vs 23.8% YoY; Battery & Energy margin declined to 22.3% due to cyber-attack effects.