Ultralife Q3 2024 Earnings Report
Key Takeaways
Ultralife Corporation reported a decrease in revenue for the third quarter of 2024, with sales of $35.7 million compared to $39.5 million in the same period last year. The Battery & Energy Products segment saw a slight increase in sales, while the Communications Systems segment experienced a significant decrease. Operating income and net income also declined compared to the previous year.
Sales decreased to $35.7 million from $39.5 million year-over-year.
Battery & Energy Products sales increased by 1.9%, while Communications Systems sales decreased by 58.2%.
Gross profit was $8.7 million, or 24.3% of revenue, compared to $9.8 million, or 24.8% of revenue, in the prior year.
Operating income decreased to $0.5 million from $2.1 million year-over-year, impacted by acquisition-related costs.
Ultralife
Ultralife
Ultralife Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income