Ultralife Company profile
About Ultralife Corp.
Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems. The Company designs and manufactures power and communications systems including rechargeable and non-rechargeable batteries, charging systems, communications and electronics systems and accessories, and custom engineered systems. Its segments include Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical and other non-rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes radio frequency (RF) amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment and man-portable systems. Its brand includes Ultralife Batteries, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ENTELLION, SWE Southwest Electronic Energy Group, SWE DRILL-DATA, and SWE SEASAFE.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Ultralife Corp. revenues decreased 9% to $98.3M. Net loss totaled $234K vs. income of $5.2M. Revenues reflect Battery & Energy segment decrease of 5% to $87.1M, Communication System segment decrease of 29% to $11.2M. Net loss reflects Battery & Energy segment income decrease of 10% to $21.1M, Communication System segment income decrease of 38% to $3.6M, Corporate segment loss increase of 5% to $24.6M.
Equity composition
Common Stock $.10 Par, 4/11, 40M auth., 18,663,959 issd., less 1,372,598 shs. in Treas. @ $7.7M. Insiders control 2.93%. PO 12/94, 2M shares @ $17.75 by C.J. Lawrence. PO 5/98, 2.5M shares @ $12.50 by Lehman Brothers. PO 11/07, 1M shares @ $13.98 by Stephens Inc. 06/08, Name changed from Ultralife Batteries, Inc.
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