Ultralife Corporation (ULBI) Financial Statements (2025 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)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,85410,1965,6348,32910,5627,135
Cash and cash equivalent6,85410,1965,6348,32910,5627,135
Receivables29,37031,76127,77920,23221,05430,106
Inventory, net of allowances, customer advances and progress billings51,36342,21541,19233,18928,19329,759
Inventory51,36342,21541,19233,18928,19329,759
Other undisclosed current assets9,5736,0314,3834,7744,6873,373
Total current assets:97,16090,20378,98866,52464,49670,373
Noncurrent Assets
Operating lease, right-of-use asset      1,866
Property, plant and equipment40,48521,11721,71623,20522,85022,525
Intangible assets, net (including goodwill)69,56352,67853,34955,45836,22746,195
Goodwill45,00637,57137,42838,06827,01826,753
Intangible assets, net (excluding goodwill)24,55715,10715,92117,3909,20919,442
Deferred income tax assets8,41310,56712,06911,47211,836 
Other noncurrent assets4,8303,7112,3082,8792,2921,963
Other undisclosed noncurrent assets      1,635
Total noncurrent assets:123,29188,07389,44293,01473,20574,184
TOTAL ASSETS:220,451178,276168,430159,538137,701144,557
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities17,07114,45118,96411,66512,58711,043
Employee-related liabilities1,8421,7481,655
Accounts payable14,16011,33616,0749,82310,8399,388
Accrued liabilities2,9113,1152,890   
Debt2,7502,0002,0002,0001,3611,372
Other liabilities9,4707,2797,9495,2594,7584,775
Total current liabilities:29,29123,73028,91318,92418,70617,190
Noncurrent Liabilities
Long-term debt and lease obligation51,50223,62419,31018,857 15,780
Long-term debt, excluding current maturities51,50223,62419,31018,857 15,780
Liabilities, other than long-term debt5,4715,4953,8044,0142,0721,278
Deferred income tax liabilities1,4431,7141,9172,254515 
Other liabilities4,0283,7811,8871,7601,5571,278
Other undisclosed noncurrent liabilities      559
Total noncurrent liabilities:56,97329,11923,11422,8712,07217,617
Total liabilities:86,26452,84952,02741,79520,77834,807
Equity
Equity, attributable to parent133,995125,332116,277117,616116,800109,726
Common stock2,1072,0782,0572,0522,0372,026
Treasury stock, value(21,492)(21,492)(21,484)(21,469)(21,321)(21,231)
Additional paid in capital191,828189,160187,405186,518185,464184,292
Accumulated other comprehensive loss(4,006)(3,660)(3,750)(1,653)(1,782)(2,531)
Accumulated deficit(34,442)(40,754)(47,951)(47,832)(47,598)(52,830)
Equity, attributable to noncontrolling interest1929512612712324
Total equity:134,187125,427116,403117,743116,923109,750
TOTAL LIABILITIES AND EQUITY:220,451178,276168,430159,538137,701144,557

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

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues164,456158,644131,84098,267107,712106,795
Cost of revenue(122,142)(119,444)(102,440)(73,625)(78,553)(75,630)
Gross profit:42,31439,20029,40024,64229,15931,165
Operating expenses(32,349)(29,725)(29,271)(24,607)(23,458)(23,797)
Operating income:9,9659,475129355,7017,368
Nonoperating income (expense)(1,664)(358)(575)(186)1,322(58)
Other nonoperating income (expense)2761,65837656165(58)
Interest and debt expense(1,940)(2,016)(951)(242)(436)(539)
Income (loss) from continuing operations before equity method investments, income taxes:6,3617,101(1,397)(393)6,5876,771
Other undisclosed income from continuing operations before income taxes1,9402,016951242436 
Income (loss) from continuing operations before income taxes:8,3019,117(446)(151)7,0236,771
Income tax expense (benefit)(1,892)(1,951)326(79)(1,692)(1,457)
Income (loss) from continuing operations:6,4097,166(120)(230)5,3315,314
Income (loss) before gain (loss) on sale of properties:(230)5,3315,314
Net income (loss):6,4097,166(120)(230)5,3315,314
Net income (loss) attributable to noncontrolling interest(97)311(4)(99)(109)
Net income (loss) available to common stockholders, diluted:6,3127,197(119)(234)5,2325,205

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income (loss):6,4097,166(120)(230)5,3315,314
Comprehensive income (loss):6,4097,166(120)(230)5,3315,314
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(97)311(4)(99)(109)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(346)90(2,097)129749255
Comprehensive income (loss), net of tax, attributable to parent:5,9667,287(2,216)(105)5,9815,460

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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