Ultralife Corporation Reports Q4 Results and Acquisition Progress

Ultralife ( (ULBI) ) has released its Q4 earnings. Here is a breakdown of the information Ultralife presented to its investors.

Ultralife Corporation is a global provider of power solutions and communication systems, serving government, defense, and commercial markets with a focus on engineering and problem-solving. In its latest earnings report, Ultralife announced the completion of its acquisition of Electrochem Solutions, Inc., which has begun integration into the company. The fourth quarter of 2024 saw sales of $43.9 million, slightly down from the previous year, with a notable increase in Battery & Energy Products sales offset by a decline in Communications Systems sales. The company’s gross profit was $10.6 million, representing 24.2% of revenue, and operating income was $1.5 million, affected by acquisition-related costs. For the full fiscal year 2024, Ultralife reported a 3.7% increase in sales to $164.5 million, with operating income of $10.0 million. The company ended the year with a strong backlog of $102.2 million, positioning it well for future growth. Looking ahead, Ultralife’s management is optimistic about leveraging its expanded product lineup and strengthened sales team to drive profitable growth and reduce debt, while completing the integration of Electrochem to achieve cost efficiencies.