ULBI Q2 2023 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena

ULBIUltralife Corporation

$102M

Q2 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$43M+32.9% YoY

Gross Profit

$11M24.8% margin

Operating Income

$4M8.6% margin

Net Income

$3M7.8% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

+33.8%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$1M

Stock-Based Comp.

$154,000

Balance Sheet

Total Assets

$175M

Total Liabilities

$56M

Stockholders' Equity

$120M

Cash & Equivalents

$8M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$43M	$32M	+32.9%
Gross Profit	$11M	$8M	+38.5%
Operating Income	$4M	$793,000	+362.2%
Net Income	$3M	$512,000	+552.3%

Revenue Segments

Battery & Energy Products Segment

$34M79%

Communications Systems Segment

$9M21%