Ultralife (NASDAQ:ULBI) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$35.7m (down 9.6% from 3Q 2023).
• Net income: US$258.0k (down 81% from 3Q 2023).
• Profit margin: 0.7% (down from 3.4% in 3Q 2023). The decrease in margin was driven by lower revenue.
• EPS: US$0.016 (down from US$0.082 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Ultralife Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 16%. Earnings per share (EPS) also missed analyst estimates by 89%.

Looking ahead, revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 8.5% growth forecast for the Electrical industry in the US.

The company's shares are down 6.7% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Ultralife's balance sheet and an in-depth analysis of the company's financial position.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.