Ultralife Corporation Stock News

Ultralife Corporation (NASDAQ:ULBI ) Q3 2024 Earnings Conference Call November 8, 2024 8:30 AM ET Company Participants Jody Burfening - Investor Relations Mike Manna - President and Chief Executive Officer Phil Fain - Chief Financial Officer Conference Call Participants Josh Sullivan - The Benchmark Company John Deysher - Pinnacle Operator Good day, and thank you for standing by. Welcome to the...

NEWARK, N.Y., Nov. 08, 2024 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) reported operating results for the third quarter ended September 30, 2024 as follows:

NEWARK, N.Y., Nov. 01, 2024 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) completed its acquisition of all outstanding shares of Electrochem Solutions, Inc. (“Electrochem”) for $50.0 million in cash from Integer Holdings Corporation (NYSE: ITGR) on October 31, 2024.

Strong revenue growth since Q1 2022, driven by strong demand for battery and energy products in commercial and defense markets. Institutional investors increased positions in the last quarter, and the valuation ratios are near five-year lows. The company improved its balance sheet by reducing debt and maintaining strong liquidity ratios.

Shares of Ultralife Corp (ULBI, Financial) surged 8.55% in mid-day trading on Oct 2. The stock reached an intraday high of $10.05, before settling at $10.03, up from its previous close of $9.24.

ULBI's share price fell to $7 following a cyber-attack, but has since recovered to $11.50, making a 50% return in 6 months. ULBI's growth in sales revenue is driven by its battery and energy products segment, with a focus on lithium-ion batteries and communication systems. The company's adoption of lean manufacturing techniques, margin improvement, and debt paydown have led to a significant inc...

Ultralife Corporation (NASDAQ:ULBI ) Q2 2024 Results Conference Call July 25, 2024 8:30 AM ET Company Participants Jody Burfening - IR Mike Manna - President and CEO Phil Fain - CFO Conference Call Participants Josh Sullivan - The Benchmark Company Operator Good day, and thank you for standing by. Welcome to Ultralife Corporation Second Quarter 2024 Results Conference Call.

NEWARK, N.Y., July 25, 2024 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) reported operating results for the second quarter ended June 30, 2024 with the following highlights: