ULBIUltralife Corporation

$98M

Q3 2019 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$27M+35.2% YoY

Gross Profit

$8M28.6% margin

Operating Income

$1M4.8% margin

Net Income

$898,0003.3% margin

EPS (Diluted)

$0.06

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

-$601,000

Free Cash Flow

-$2M

Stock-Based Comp.

$159,000

Balance Sheet

Total Assets

$143M

Total Liabilities

$36M

Stockholders' Equity

$107M

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$27M	$20M	+35.2%
Gross Profit	$8M	$6M	+30.1%
Operating Income	$1M	$2M	-12.9%
Net Income	$898,000	$1M	-36.2%

Revenue Segments

Battery & Energy Products Segment

$23M82%

Communications Systems Segment

$5M18%

ULBI Q3 2019 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena