secwatch.observer — SEC 8-K summary
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Issuer:     ULTRALIFE CORP (ULBI)
CIK:        0000875657
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0001437749-24-023415
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ultralife Q2 sales $43.0M (+0.7%); Battery segment record; debt cut 52% to $12.1M
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- Sales $43.0M vs $42.7M; Battery & Energy Products segment record $36.7M, up 8.3% YoY.
- Gross margin improved 210 bps to 26.9%; Battery gross margin up 480 bps to 27.1%.
- GAAP EPS $0.18 vs $0.21 (last year included $0.07 ERC); Adjusted EPS $0.22.
- Backlog $93.0M; reduced debt by $13.2M (52.2%) to $12.1M.
- Received $0.2M preliminary insurance payment for 2023 cyberattack.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/875657/000143774924023415/0001437749-24-023415-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/875657/000143774924023415/ulbi20240724_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-023415

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