Ultralife Corporation logo

Ultralife Corporation

ULBI

NASDAQIndustrialsElectrical Equipment & Parts

Previous close

$7.01

+$0.16 · +2.34%

Aug 21, 4:00 PM ET

ULBI company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

49

Fair Value

Momentum

33

Weakening

Sentiment

59

Mixed

Risk resilience

39

High Risk

Full GoAI research

Thesis, catalysts, evidence, and risk analysis.

View full GoAI research

AI-generated, informational only, and not investment advice.

Company profile

Company website

Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle amplifier-adaptors, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. This segment’s military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers. The company sells its products under the Ultralife, Ultralife HiRate, Ultralife Thin Cell, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE SEASAFE, Excell Battery Group, Criterion Gauge, and POW-R BMS brands through original equipment manufacturers, and industrial and defense supply distributors. In addition, it sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. It serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York.

Industry
Electrical Equipment & Parts
Sector
Industrials
Headquarters
US
CEO
Michael E. Manna
Listed since
Dec 23, 1992
Employees
678

Market position

Day range

Current $7.01

52-week range

Current $7.01

Open
$6.97
Previous close
$6.85
Volume
32.79K
0.79× average
Average volume
41.44K
Average daily volume
Market cap
116.76M USD
Beta
0.8
Market reference 1
50-day average
$6.0978
+14.96% above average
200-day average
$6.2544
+12.08% above average

Financials

Financial snapshot

Latest / TTM

Financial health

Altman Z-score
1.75
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends29%17%6%-6%Gross margin, FY2021: 25.08%Gross margin, FY2022: 22.30%Gross margin, FY2023: 24.71%Gross margin, FY2024: 25.73%Gross margin, FY2025: 23.28%Operating margin, FY2021: 0.04%Operating margin, FY2022: 0.10%Operating margin, FY2023: 5.97%Operating margin, FY2024: 6.06%Operating margin, FY2025: 4.82%Net margin, FY2021: -0.24%Net margin, FY2022: -0.09%Net margin, FY2023: 4.54%Net margin, FY2024: 3.84%Net margin, FY2025: -3.09%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 25.08%. Gross margin FY2022 22.30%. Gross margin FY2023 24.71%. Gross margin FY2024 25.73%. Gross margin FY2025 23.28%. Operating margin FY2021 0.04%. Operating margin FY2022 0.10%. Operating margin FY2023 5.97%. Operating margin FY2024 6.06%. Operating margin FY2025 4.82%. Net margin FY2021 -0.24%. Net margin FY2022 -0.09%. Net margin FY2023 4.54%. Net margin FY2024 3.84%. Net margin FY2025 -3.09%.

Income trends

Revenue

191.16M USD+16.24%

Operating income

9.22M USD-7.48%

Net income

−5.9M USD−12.21M USD
Income trends across reported periods210.86M USD132.04M USD53.22M USD−25.6M USDRevenue, FY2021: 98.27M USDRevenue, FY2022: 131.84M USDRevenue, FY2023: 158.64M USDRevenue, FY2024: 164.46M USDRevenue, FY2025: 191.16M USDOperating income, FY2021: 35K USDOperating income, FY2022: 129K USDOperating income, FY2023: 9.48M USDOperating income, FY2024: 9.97M USDOperating income, FY2025: 9.22M USDNet income, FY2021: −234K USDNet income, FY2022: −119K USDNet income, FY2023: 7.2M USDNet income, FY2024: 6.31M USDNet income, FY2025: −5.9M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 98.27M USD. Revenue FY2022 131.84M USD. Revenue FY2023 158.64M USD. Revenue FY2024 164.46M USD. Revenue FY2025 191.16M USD. Operating income FY2021 35K USD. Operating income FY2022 129K USD. Operating income FY2023 9.48M USD. Operating income FY2024 9.97M USD. Operating income FY2025 9.22M USD. Net income FY2021 −234K USD. Net income FY2022 −119K USD. Net income FY2023 7.2M USD. Net income FY2024 6.31M USD. Net income FY2025 −5.9M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue191.16M USD164.46M USD158.64M USD131.84M USD98.27M USD
Cost of goods sold146.66M USD122.14M USD119.44M USD102.44M USD73.63M USD
Gross profit44.5M USD42.31M USD39.2M USD29.4M USD24.64M USD
Research and development9M USD8.27M USD7.53M USD7.08M USD6.83M USD
Selling, general, and administrative26.28M USD24.08M USD22.19M USD22.19M USD17.78M USD
Operating expenses35.28M USD32.35M USD29.73M USD29.27M USD24.61M USD
Interest expense3.95M USD1.94M USD2.02M USD951K USD242K USD
Depreciation and amortization5.5M USD4.16M USD3.91M USD4.46M USD3.54M USD
Operating income9.22M USD9.97M USD9.48M USD129K USD35K USD
Net income−5.9M USD6.31M USD7.2M USD−119K USD−234K USD

Company facts updated Aug 24, 2026.

ULBI peers

ETFs holding ULBI

Funds reporting this stock among their holdings, ordered by reported position size.

Continue in GoAI

Research ULBI

research.disclaimer