Ultralife ( (ULBI) ) has released its Q1 earnings. Here is a breakdown of the information Ultralife presented to its investors.
Ultralife Corporation is a company that provides power solutions and communication systems, primarily serving the government/defense and commercial sectors with a focus on engineering and collaborative problem-solving. Headquartered in Newark, New York, Ultralife operates globally across North America, Europe, and Asia.
In the first quarter of 2025, Ultralife Corporation reported a 21% increase in revenue compared to the same period last year, reaching $50.7 million. This growth was driven by a significant rise in sales of Battery & Energy Products, which offset a decline in Communications Systems sales.
Key financial metrics from the quarter include a gross profit of $12.7 million, representing 25.1% of revenue, and an operating income of $3.4 million. The company also reported a GAAP EPS of $0.11, down from $0.18 in the previous year, and an adjusted EBITDA of $5.4 million. Despite a decrease in backlog orders, Ultralife is focusing on improving gross margins and integrating its recent acquisition, Electrochem.
Looking ahead, Ultralife’s management remains confident in sustaining profitable growth and generating cash flow to reduce acquisition-related debt. The company is poised to leverage its strong backlog replenishment and innovative product pipeline to meet market demand efficiently.