Ultralife Q1 revenue $50.7M (+21% YoY); GAAP EPS $0.11 vs $0.18

ULTRALIFE CORP

2025-Q1 EPS reported $0.02 revenue$50,746,000

Revenue $50.7M, up 21% YoY; Battery & Energy Products +32.4% to $46.3M (incl. Electrochem, organic +10.6%).
GAAP EPS $0.11 vs $0.18 YoY; adjusted EPS $0.13 vs $0.21; operating income $3.4M vs $4.1M.
Gross margin 25.1% (vs 27.4% YoY) on product mix; Communications Systems sales fell 36.2% to $4.4M.
Backlog $95.0M vs $102.2M at Q4 2024; company cites strong replenishment and tariff mitigation plan.

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