Ultralife Q4 2019 Earnings Report
Key Takeaways
Ultralife Corporation reported Q4 2019 results with revenue of $31.0 million and operating income of $2.5 million, compared to $20.9 million and $1.1 million respectively for Q4 2018. The revenue increase was driven by growth in both Battery & Energy Products and Communications Systems segments.
Q4 revenue increased by 48% year-over-year, driven by growth in Battery & Energy Products and Communications Systems.
Battery & Energy Products revenue grew by 38%, benefiting from the acquisition of Southwest Electronic Energy Corporation (SWE) and higher core business sales.
Communications Systems revenue increased by 113% due to increased shipments under existing contracts for the U.S. Army's Network Modernization initiatives.
Operating profit increased by 132% year-over-year, driven by higher revenue and favorable mix.
Ultralife
Ultralife
Ultralife Revenue by Segment
Forward Guidance
Ultralife is focused on capturing new opportunities and continued end-market diversification in 2020, with a Battery & Energy Products backlog higher than the beginning of 2019.
Positive Outlook
- Focused on capturing new opportunities.
- Continuing end-market diversification in 2020.
- Battery & Energy Products backlog is higher than the beginning of 2019.
- Confident that they will extend their track record of profitable growth.
Revenue & Expenses
Visualization of income flow from segment revenue to net income