Revenue Growth
Q3 sales increased to $43.4 million compared to $35.7 million in the same period last year, representing a year-over-year growth in revenue.
Government Defense Sales Increase
Government Defense sales increased by 19% due to strong demand from a U.S.-based global prime contractor.
Backlog Growth
The total backlog increased by 6.5% to $90.1 million from $84.5 million at the end of the second quarter.
Communications Systems Revenue Increase
Revenues from the Communications Systems segment increased by 8.2% to $3.4 million from $3.2 million last year.
Successful Transition of Electrochem
Completion of Electrochem transition with integration into Ultralife's information systems, leading to expanded vertical integration opportunities.
New Product Development and Opportunities
Significant investments in new product development in both Communications and Battery & Energy segments, with multiple new product launches expected in 2026.