ULBIUltralife Corporation

$102M

Q3 2021 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$22M-10.7% YoY

Gross Profit

$5M23.5% margin

Operating Income

-$779,000-3.6% margin

Net Income

-$585,000-2.7% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

-18.7%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

$408,000

Stock-Based Comp.

$142,000

Balance Sheet

Total Assets

$137M

Total Liabilities

$18M

Stockholders' Equity

$118M

Cash & Equivalents

$16M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$22M	$24M	-10.7%
Gross Profit	$5M	$7M	-21.5%
Operating Income	-$779,000	$707,000	-210.2%
Net Income	-$585,000	$407,000	-243.7%

Revenue Segments

Battery & Energy Products Segment

$20M92%

Communications Systems Segment

$2M8%

ULBI Q3 2021 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena