Power solutions firm Ultralife's Q3 revenue up 21.5%

Reuters11-18
Power solutions firm Ultralife's Q3 revenue up 21.5%

Overview

  • Ultralife Q3 revenue rises 21.5% yr/yr, driven by Electrochem acquisition

  • Company reports Q3 GAAP EPS of ($0.07), down from $0.02 last year

  • Ultralife incurs $1.0 mln operating loss due to one-time costs and lower margins

Outlook

  • Company expects annual savings of $0.8 mln from Calgary facility closure by Q1 2026

  • Ultralife intensifies lean initiatives to improve supply chain resiliency

  • Company aims to advance new products into production and capitalize on large programs

Result Drivers

  • ELECTROCHEM ACQUISITION - Revenue growth driven by inclusion of Electrochem Solutions, boosting Battery & Energy Products sales

  • SUPPLY CHAIN ISSUES - Manufacturing inefficiencies and delayed orders impacted profitability, per CEO Mike Manna

  • CALGARY FACILITY CLOSURE - One-time costs related to closing facility affected operating income

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

$43.37 mln

Q3 EPS

-$0.07

Q3 Net Income

-$1.25 mln

Q3 Adjusted EBITDA

$2.05 mln

Q3 Operating Expenses

$10.57 mln

Q3 Operating Income

-$951,000

Q3 Pretax Profit

-$1.75 mln

Press Release: ID:nGNX4jWF2K

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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