Ultralife Corporation (ULBI)

Ultralife Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	10.94	6.85	10.28	5.71	8.41	10.65
Cash & Short-Term Investments	10.94	6.85	10.28	5.71	8.41	10.65
Cash Growth	63.54%	-33.31%	79.91%	-32.09%	-21.03%	43.86%
Accounts Receivable	32.32	29.37	31.76	27.78	20.23	21.05
Receivables	32.32	29.37	31.76	27.78	20.23	21.05
Inventory	50.58	51.36	42.22	41.19	33.19	28.19
Prepaid Expenses	5.17	9.57	5.95	4.3	4.69	3
Other Current Assets	-	-	-	-	-	1.59
Total Current Assets	99	97.16	90.2	78.99	66.52	64.5
Property, Plant & Equipment	44.36	44.64	24.71	23.9	25.79	25.04
Goodwill	45.41	45.01	37.57	37.43	38.07	27.02
Other Intangible Assets	23.84	24.56	15.11	15.92	17.39	9.21
Long-Term Deferred Tax Assets	7.69	8.41	10.57	12.07	11.47	11.84
Long-Term Deferred Charges	0.47	0.51	-	-	-	-
Other Long-Term Assets	0.2	0.16	0.12	0.12	0.3	0.1
Total Assets	220.96	220.45	178.28	168.43	159.54	137.7
Accounts Payable	15.03	14.16	11.34	16.07	9.82	10.84
Accrued Expenses	10.02	10.95	9.5	9.94	6.23	5.83
Current Portion of Long-Term Debt	3.44	2.75	2	2	2	1.36
Current Portion of Leases	1.11	1.14	0.89	0.9	0.87	0.68
Current Unearned Revenue	0.3	0.3	-	-	-	-
Total Current Liabilities	29.9	29.29	23.73	28.91	18.92	18.71
Long-Term Debt	47.51	51.5	23.62	19.31	18.86	-
Long-Term Leases	2.63	3	2.64	1.31	1.74	1.52
Long-Term Unearned Revenue	0.71	0.86	-	-	-	-
Long-Term Deferred Tax Liabilities	1.4	1.44	1.71	1.92	2.25	0.52
Other Long-Term Liabilities	0.17	0.18	1.14	0.58	0.02	0.03
Total Liabilities	82.32	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	192.35	191.83	189.16	187.41	186.52	185.46
Retained Earnings	-31.7	-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	-2.82	-4.01	-3.66	-3.75	-1.65	-1.78
Total Common Equity	138.45	134	125.33	116.28	117.62	116.8
Minority Interest	0.2	0.19	0.1	0.13	0.13	0.12
Shareholders' Equity	138.65	134.19	125.43	116.4	117.74	116.92
Total Liabilities & Equity	220.96	220.45	178.28	168.43	159.54	137.7
Total Debt	54.69	58.39	29.16	23.51	23.47	3.57
Net Cash (Debt)	-43.75	-51.53	-18.88	-17.8	-15.05	7.09
Net Cash Per Share	-2.61	-3.07	-1.16	-1.10	-0.94	0.44
Filing Date Shares Outstanding	16.64	16.63	16.45	16.14	16.13	15.96
Total Common Shares Outstanding	16.64	16.63	16.35	16.14	16.09	15.96
Working Capital	69.11	67.87	66.47	50.08	47.6	45.79
Book Value Per Share	8.32	8.06	7.67	7.21	7.31	7.32
Tangible Book Value	69.2	64.43	72.65	62.93	62.16	80.57
Tangible Book Value Per Share	4.16	3.87	4.44	3.90	3.86	5.05
Land	4.69	4.69	1.27	1.27	1.27	1.27
Buildings	30.12	30.11	16	15.57	15.44	15.39
Machinery	73.21	72.04	68.3	74.57	73.95	70.18
Construction In Progress	3.12	2.08	2.03	1.25	0.76	1.23
Order Backlog	-	102.16	103.54	110.99	63.71	39.29

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q