# Ultralife Corporation (ULBI)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $108M  
**Price:** $6.48 (-0.15%)

> Ultralife Corporation is a prominent player in the energy and communications industries, known for its innovative solutions in battery design and communications systems. Its primary function is to develop and market high-performance power solutions, including lithium-ion batteries and wider energy storage systems. These products are crucial in various sectors, notably in military, medical, and industrial sectors, ensuring reliability and efficiency in critical infrastructure and mission-critical applications. Additionally, Ultralife offers cutting-edge communication solutions that enhance connectivity and interoperability for security and emergency services. With its commitment to innovation and quality, Ultralife holds a significant position in the market, providing essential products that support both defense and civilian needs while advancing technological capabilities in power and communication solutions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $191M | $46M | -$6M | -$6M | — |
| 2024 | $164M | $42M | $10M | $6M | — |
| 2023 | $159M | $39M | $9M | $7M | — |
| 2022 | $132M | $29M | $129,000 | -$119,000 | — |
| 2021 | $98M | $25M | $35,000 | -$234,000 | — |
| 2020 | $108M | $29M | $6M | $5M | — |
| 2019 | $107M | $31M | $7M | $5M | — |
| 2018 | $87M | $26M | $7M | $25M | — |
| 2017 | $86M | $26M | $6M | $8M | — |
| 2016 | $82M | $25M | $4M | $4M | — |
| 2015 | $76M | $23M | $3M | $3M | — |
| 2014 | $66M | $19M | -$1M | -$2M | — |
| 2013 | $79M | $23M | -$624,000 | -$926,000 | — |
| 2012 | $102M | $29M | -$114,000 | -$2M | — |
| 2011 | $136M | $34M | $2M | -$2M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $217M | $87M | $130M | $9M | $46M |
| 2024 | $220M | $86M | $134M | $7M | $55M |
| 2023 | $178M | $53M | $125M | $10M | $26M |
| 2022 | $168M | $52M | $116M | $6M | $21M |
| 2021 | $160M | $42M | $118M | $8M | $19M |
| 2020 | $138M | $21M | $117M | $11M | — |
| 2019 | $145M | $35M | $110M | $7M | $16M |
| 2018 | $121M | $16M | $105M | $26M | — |
| 2017 | $97M | $18M | $79M | $18M | — |
| 2016 | $85M | $17M | $68M | — | — |
| 2015 | $82M | $16M | $66M | $14M | — |
| 2014 | $88M | $16M | $72M | $18M | — |
| 2013 | $90M | $17M | $74M | $16M | — |
| 2012 | $98M | — | $74M | $10M | — |
| 2011 | $101M | — | $73M | $5M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $11M | $4M | $7M |
| 2024 | $17M | $2M | $15M |
| 2023 | $2M | $3M | -$623,000 |
| 2022 | -$1M | $2M | -$3M |
| 2021 | $4M | $3M | $2M |
| 2020 | $22M | $3M | $19M |
| 2019 | -$3M | $6M | -$9M |
| 2018 | $11M | $4M | $7M |
| 2017 | $7M | $1M | $6M |
| 2016 | $8M | $1M | $6M |
| 2015 | $9M | $3M | $6M |
| 2014 | $4M | $2M | $2M |
| 2013 | $7M | $766,000 | $6M |
| 2012 | $5M | $3M | $2M |
| 2011 | $11M | $2M | $9M |

Source: [CompaniesByCap](https://companiesbycap.com/company/ULBI)