CORRECTED-Ultralife Q1 revenue falls 6.5%, posts net loss
Ultralife Corporation ULBI | 0.00 |
Corrects Q1 EPS to -$0.03 from $0.03 in Key Details table
Overview
U.S. power solutions maker's Q1 revenue fell 6.5% yr/yr amid operational disruptions
Company posted Q1 net loss and negative EPS, citing lost production days and order delays
Ultralife's Q1 backlog reached record $115.1 mln, up from $110.2 mln in Q4 2025
Outlook
Ultralife says record backlog positions it to restore profitability and generate cash flow in 2026
Company remains focused on improving manufacturing efficiencies and ramping up new product production
Ultralife aims to drive Communications Systems orders to support future growth
Result Drivers
PRODUCTION DISRUPTIONS - Lost production days at Newark, NY and Raynham, MA facilities due to power outage, inventory integration, and weather negatively impacted results
ORDER DELAYS - Communications Systems sales remained weak due to continued order delays
HIGHER OPERATING EXPENSES - Operating expenses rose due to increased new product development costs and one-time consulting and litigation expenses
Company press release: ID:nGNXbWNLwr
Key Details
Metric |
Beat/Miss |
Actual |
Consensus Estimate |
Q1 Revenue |
|
$47.45 mln |
|
Q1 EPS |
|
-$0.03 |
|
Q1 Net Income |
|
-$471,000 |
|
Q1 Adjusted EBITDA |
|
$3.21 mln |
|
Q1 Operating Expenses |
|
$10.33 mln |
|
Q1 Operating Income |
|
-$215,000 |
|
Q1 Pretax Profit |
|
-$663,000 |
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