ULBI Q1 2023 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena

ULBIUltralife Corporation

$102M

Q1 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$32M+5.1% YoY

Gross Profit

$7M23.3% margin

Operating Income

$26,0000.1% margin

Net Income

-$346,000-1.1% margin

EPS (Diluted)

$-0.02

QoQ Revenue Growth

-11.6%

Cash Flow

Operating Cash Flow

-$1M

Free Cash Flow

-$2M

Stock-Based Comp.

$139,000

Balance Sheet

Total Assets

$171M

Total Liabilities

$55M

Stockholders' Equity

$116M

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$32M	$30M	+5.1%
Gross Profit	$7M	$7M	+6.9%
Operating Income	$26,000	-$295,000	+108.8%
Net Income	-$346,000	-$168,000	-106.0%

Revenue Segments

Battery & Energy Products Segment

$28M89%

Communications Systems Segment

$3M11%