earnings
confidence high
sentiment negative
materiality 0.75
Ultralife Q4 revenue $48.5M, but operating loss of $10.6M on $12.2M impairment; GAAP EPS ($0.45)
ULTRALIFE CORP
- Revenue $48.5M (+10.6% YoY); operating loss ($10.6M) vs profit $1.5M last year, driven by $12.2M intangible asset impairment.
- GAAP EPS ($0.45) includes ($0.57) impairment charge; adjusted EBITDA $5.7M (11.7% sales) vs $3.9M.
- Battery & Energy sales $45.9M (+15.1% YoY); Communications Systems $2.6M (-35.2%).
- Backlog $110.2M (+22% from Q3); management expects improved 2026 results.
- Rebranding consolidates sub-brands under Ultralife; expects $1.4M tax credit under 45X.