Ultralife Corporation (ULBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 2000 TECHNOLOGY PARKWAY
NEWARK, NY 14513
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 369 - Miscellaneous Electrical Machinery, Equipment, and Supplies (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,1965,6348,32910,5627,13525,583
Cash and cash equivalents10,1965,6348,32910,5627,13525,583
Receivables31,76127,77920,23221,05430,10616,015
Inventory, net of allowances, customer advances and progress billings42,21541,19233,18928,19329,75922,843
Inventory42,21541,19233,18928,19329,75922,843
Other undisclosed current assets6,0314,3834,7744,6873,3732,780
Total current assets:90,20378,98866,52464,49670,37367,221
Noncurrent Assets
Operating lease, right-of-use asset     1,866
Property, plant and equipment21,11721,71623,20522,85022,52510,744
Intangible assets, net (including goodwill)52,67853,34955,45836,22746,19533,117
Goodwill37,57137,42838,06827,01826,75320,109
Intangible assets, net (excluding goodwill)15,10715,92117,3909,20919,44213,008
Deferred income tax assets10,56712,06911,47211,836 
Other noncurrent assets3,7112,3082,8792,2921,96382
Other undisclosed noncurrent assets     1,6358,940
Total noncurrent assets:88,07389,44293,01473,20574,18452,883
TOTAL ASSETS:178,276168,430159,538137,701144,557120,104
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,45118,96411,66512,58711,04311,413
Employee-related liabilities1,8421,7481,6551,494
Accounts payable11,33616,0749,82310,8399,3889,919
Accrued liabilities3,1152,890    
Debt2,0002,0002,0001,3611,372 
Other liabilities7,2797,9495,2594,7584,7753,413
Other undisclosed current liabilities      121
Total current liabilities:23,73028,91318,92418,70617,19014,947
Noncurrent Liabilities
Long-term debt and lease obligation23,62419,31018,857 15,780 
Long-term debt, excluding current maturities23,62419,31018,857 15,780 
Liabilities, other than long-term debt5,4953,8044,0142,0721,278623
Deferred tax liabilities, net591
Deferred income tax liabilities1,7141,9172,254515 
Other liabilities3,7811,8871,7601,5571,27832
Other undisclosed noncurrent liabilities     559 
Total noncurrent liabilities:29,11923,11422,8712,07217,617623
Total liabilities:52,84952,02741,79520,77834,80715,570
Equity
Equity, attributable to parent, including:125,332116,277117,616116,800109,726104,619
Common stock2,0782,0572,0522,0372,026 
Treasury stock, value(21,492)(21,484)(21,469)(21,321)(21,231)(19,266)
Additional paid in capital189,160187,405186,518185,464184,292182,630
Accumulated other comprehensive loss(3,660)(3,750)(1,653)(1,782)(2,531)(2,786)
Accumulated deficit(40,754)(47,951)(47,832)(47,598)(52,830)(57,964)
Other undisclosed equity, attributable to parent      2,005
Equity, attributable to noncontrolling interest9512612712324(85)
Total equity:125,427116,403117,743116,923109,750104,534
TOTAL LIABILITIES AND EQUITY:178,276168,430159,538137,701144,557120,104

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues158,644131,84098,267107,712106,79587,190
Cost of revenue(119,444)(102,440)(73,625)(78,553)(75,630)(61,607)
Gross profit:39,20029,40024,64229,15931,16525,583
Operating expenses(29,725)(29,271)(24,607)(23,458)(23,797)(19,028)
Operating income:9,475129355,7017,3686,555
Nonoperating income (expense)(358)(575)(186)1,322(58)121
Other nonoperating income (expense)1,65837656165(58)121
Interest and debt expense(2,016)(951)(242)(436)(539)(63)
Income (loss) from continuing operations before equity method investments, income taxes:7,101(1,397)(393)6,5876,7716,613
Other undisclosed income from continuing operations before income taxes2,016951242436  
Income (loss) from continuing operations before income taxes:9,117(446)(151)7,0236,7716,613
Income tax expense (benefit)(1,951)326(79)(1,692)(1,457)18,386
Income (loss) from continuing operations:7,166(120)(230)5,3315,31424,999
Income (loss) before gain (loss) on sale of properties:(230)5,3315,31424,999
Net income (loss):7,166(120)(230)5,3315,31424,999
Net income (loss) attributable to noncontrolling interest311(4)(99)(109)(69)
Net income (loss) available to common stockholders, diluted:7,197(119)(234)5,2325,20524,930

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):7,166(120)(230)5,3315,31424,999
Comprehensive income (loss):7,166(120)(230)5,3315,31424,999
Comprehensive income (loss), net of tax, attributable to noncontrolling interest311(4)(99)(109)(69)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent90(2,097)129749255(1,175)
Comprehensive income (loss), net of tax, attributable to parent:7,287(2,216)(105)5,9815,46023,755

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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