Ultralife Corporation (ULBI)

Ultralife Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	173.28	164.46	158.64	131.84	98.27	107.71
Revenue Growth (YoY)	2.74%	3.66%	20.33%	34.16%	-8.77%	0.86%
Cost of Revenue	129.63	122.14	119.44	102.44	73.5	78.55
Gross Profit	43.65	42.31	39.2	29.4	24.76	29.16
Selling, General & Admin	25.25	24.08	22.19	22.19	17.43	17.51
Research & Development	8.92	8.27	7.53	7.08	6.83	5.95
Operating Expenses	34.16	32.35	29.73	29.27	24.25	23.46
Operating Income	9.49	9.97	9.48	0.13	0.51	5.7
Interest Expense	-2.45	-1.94	-2.02	-0.95	-0.24	-0.44
Currency Exchange Gain (Loss)	0.28	0.28	0.11	0.38	0.06	0.17
EBT Excluding Unusual Items	7.33	8.3	7.57	-0.45	0.32	5.43
Merger & Restructuring Charges	-0.19	-	-	-	-0.48	-
Legal Settlements	-	-	-	-	-	1.59
Other Unusual Items	-	-	1.54	-	-	-
Pretax Income	7.14	8.3	9.12	-0.45	-0.15	7.02
Income Tax Expense	1.76	1.89	1.95	-0.33	0.08	1.69
Earnings From Continuing Operations	5.38	6.41	7.17	-0.12	-0.23	5.33
Net Income to Company	5.38	6.41	7.17	-0.12	-0.23	5.33
Minority Interest in Earnings	-0.1	-0.1	0.03	0	-0	-0.1
Net Income	5.29	6.31	7.2	-0.12	-0.23	5.23
Net Income to Common	5.29	6.31	7.2	-0.12	-0.23	5.23
Net Income Growth	-49.34%	-12.30%	-	-	-	0.52%
Shares Outstanding (Basic)	17	17	16	16	16	16
Shares Outstanding (Diluted)	17	17	16	16	16	16
Shares Change (YoY)	2.97%	3.33%	0.63%	0.55%	-0.37%	-0.52%
EPS (Basic)	0.32	0.38	0.44	-0.01	-0.01	0.33
EPS (Diluted)	0.31	0.38	0.44	-0.01	-0.01	0.33
EPS Growth	-51.30%	-13.64%	-	-	-	2.82%
Free Cash Flow	17.63	14.7	-0.62	-2.94	1.51	18.62
Free Cash Flow Per Share	1.05	0.88	-0.04	-0.18	0.09	1.16
Gross Margin	25.19%	25.73%	24.71%	22.30%	25.20%	27.07%
Operating Margin	5.47%	6.06%	5.97%	0.10%	0.52%	5.29%
Profit Margin	3.05%	3.84%	4.54%	-0.09%	-0.24%	4.86%
Free Cash Flow Margin	10.17%	8.94%	-0.39%	-2.23%	1.54%	17.29%
EBITDA	14.03	14.12	13.39	4.59	4.05	8.64
EBITDA Margin	8.10%	8.59%	8.44%	3.48%	4.12%	8.02%
D&A For EBITDA	4.54	4.16	3.91	4.46	3.54	2.94
EBIT	9.49	9.97	9.48	0.13	0.51	5.7
EBIT Margin	5.47%	6.06%	5.97%	0.10%	0.52%	5.29%
Effective Tax Rate	24.59%	22.79%	21.40%	-	-	24.09%

Updated May 9, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q