ULBI Q3 2022 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena

ULBIUltralife Corporation

$102M

Q3 2022 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$33M+52.7% YoY

Gross Profit

$7M20.2% margin

Operating Income

-$586,000-1.8% margin

Net Income

-$239,000-0.7% margin

EPS (Diluted)

$-0.01

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

-$427,000

Free Cash Flow

-$1M

Stock-Based Comp.

$179,000

Balance Sheet

Total Assets

$168M

Total Liabilities

$53M

Stockholders' Equity

$115M

Cash & Equivalents

$5M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$22M	+52.7%
Gross Profit	$7M	$5M	+31.5%
Operating Income	-$586,000	-$779,000	+24.8%
Net Income	-$239,000	-$585,000	+59.1%

Revenue Segments

Battery & Energy Products Segment

$29M86%

Communications Systems Segment

$5M14%