Ultralife Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	9.26	6.85	10.28	5.71	8.41	10.65
Cash & Short-Term Investments	9.26	6.85	10.28	5.71	8.41	10.65
Cash Growth	36.70%	-33.31%	79.91%	-32.09%	-21.03%	43.86%
Accounts Receivable	30.93	29.37	31.76	27.78	20.23	21.05
Receivables	30.93	29.37	31.76	27.78	20.23	21.05
Inventory	52.75	51.36	42.22	41.19	33.19	28.19
Prepaid Expenses	7.68	9.57	5.95	4.3	4.69	3
Other Current Assets	-	-	-	-	-	1.59
Total Current Assets	100.62	97.16	90.2	78.99	66.52	64.5
Property, Plant & Equipment	44.05	44.64	24.71	23.9	25.79	25.04
Goodwill	45.34	45.01	37.57	37.43	38.07	27.02
Other Intangible Assets	23.41	24.56	15.11	15.92	17.39	9.21
Long-Term Deferred Tax Assets	8.21	8.41	10.57	12.07	11.47	11.84
Long-Term Deferred Charges	-	0.51	-	-	-	-
Other Long-Term Assets	0.63	0.16	0.12	0.12	0.3	0.1
Total Assets	222.25	220.45	178.28	168.43	159.54	137.7
Accounts Payable	14.16	14.16	11.34	16.07	9.82	10.84
Accrued Expenses	13.76	10.95	9.5	9.94	6.23	5.83
Current Portion of Long-Term Debt	3.78	2.75	2	2	2	1.36
Current Portion of Leases	1.06	1.14	0.89	0.9	0.87	0.68
Current Unearned Revenue	0.93	0.3	-	-	-	-
Total Current Liabilities	33.7	29.29	23.73	28.91	18.92	18.71
Long-Term Debt	46.52	51.5	23.62	19.31	18.86	-
Long-Term Leases	2.44	3	2.64	1.31	1.74	1.52
Long-Term Unearned Revenue	-	0.86	-	-	-	-
Long-Term Deferred Tax Liabilities	1.36	1.44	1.71	1.92	2.25	0.52
Other Long-Term Liabilities	0.8	0.18	1.14	0.58	0.02	0.03
Total Liabilities	84.81	86.26	52.85	52.03	41.8	20.78
Common Stock	2.11	2.11	2.08	2.06	2.05	2.04
Additional Paid-In Capital	192.62	191.83	189.16	187.41	186.52	185.46
Retained Earnings	-32.92	-34.44	-40.75	-47.95	-47.83	-47.6
Treasury Stock	-21.49	-21.49	-21.49	-21.48	-21.47	-21.32
Comprehensive Income & Other	-3.06	-4.01	-3.66	-3.75	-1.65	-1.78
Total Common Equity	137.26	134	125.33	116.28	117.62	116.8
Minority Interest	0.17	0.19	0.1	0.13	0.13	0.12
Shareholders' Equity	137.43	134.19	125.43	116.4	117.74	116.92
Total Liabilities & Equity	222.25	220.45	178.28	168.43	159.54	137.7
Total Debt	53.8	58.39	29.16	23.51	23.47	3.57
Net Cash (Debt)	-44.54	-51.53	-18.88	-17.8	-15.05	7.09
Net Cash Per Share	-2.66	-3.07	-1.16	-1.10	-0.94	0.44
Filing Date Shares Outstanding	16.65	16.63	16.45	16.14	16.13	15.96
Total Common Shares Outstanding	16.65	16.63	16.35	16.14	16.09	15.96
Working Capital	66.92	67.87	66.47	50.08	47.6	45.79
Book Value Per Share	8.24	8.06	7.67	7.21	7.31	7.32
Tangible Book Value	68.52	64.43	72.65	62.93	62.16	80.57
Tangible Book Value Per Share	4.12	3.87	4.44	3.90	3.86	5.05
Land	4.69	4.69	1.27	1.27	1.27	1.27
Buildings	30.16	30.11	16	15.57	15.44	15.39
Machinery	73.57	72.04	68.3	74.57	73.95	70.18
Construction In Progress	3.58	2.08	2.03	1.25	0.76	1.23
Order Backlog	-	102.16	103.54	110.99	63.71	39.29

Source: S&P Global Market Intelligence. Standard template. Financial Sources.