ULBI Q3 2023 Earnings — Ultralife Corporation Revenue & Financial Results | Market Cap Arena

ULBIUltralife Corporation

$102M

Q3 2023 Earnings

Industrials Electrical Equipment & Parts

Income Statement

Revenue

$39M+18.8% YoY

Gross Profit

$10M24.8% margin

Operating Income

$2M5.4% margin

Net Income

$1M3.4% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

-7.5%

Cash Flow

Operating Cash Flow

-$889,000

Free Cash Flow

-$1M

Stock-Based Comp.

$131,000

Balance Sheet

Total Assets

$176M

Total Liabilities

$54M

Stockholders' Equity

$122M

Cash & Equivalents

$9M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$39M	$33M	+18.8%
Gross Profit	$10M	$7M	+45.6%
Operating Income	$2M	-$586,000	+464.3%
Net Income	$1M	-$239,000	+656.5%

Revenue Segments

Battery & Energy Products Segment

$32M81%

Communications Systems Segment

$8M19%

Geographic Segments

Non-US

$19M100%