ULBI Q1 2022 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena

ULBIUltralife Corporation

$102M

Q1 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$30M+16.9% YoY

Gross Profit

$7M22.9% margin

Operating Income

-$295,000-1.0% margin

Net Income

-$168,000-0.6% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+27.8%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$4M

Stock-Based Comp.

$189,000

Balance Sheet

Total Assets

$161M

Total Liabilities

$44M

Stockholders' Equity

$118M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$30M	$26M	+16.9%
Gross Profit	$7M	$7M	-0.3%
Operating Income	-$295,000	$952,000	-131.0%
Net Income	-$168,000	$671,000	-125.0%

Revenue Segments

Battery & Energy Products Segment

$29M96%

Communications Systems Segment

$1M4%