Ultralife Corporation
ULBI · Price history
Price at last available close
$15.62
+$9.16 (+141.80%) 1M
2026-10-29
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Company & revenue
About Ultralife Corporation
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables.
How they make money
Ultralife Corporation designs, manufactures, and markets power solutions and communications systems. The company generates revenue by selling rechargeable and non-rechargeable battery systems, charging equipment, and integrated communications products to government, defense, and commercial customers globally.
Products & services
Lithium battery systems, charging systems, power accessories, and communications systems including vehicle amplifier-adaptors and integrated power solutions for extreme environments.
Brands & revenue mix
Primary brand for power solutions and system integration products.
Separate brand revenue is not available in this research.Source
Acquired brand operating within the Battery & Energy Products segment.
Separate brand revenue is not available in this research.Source
Acquired brand specializing in high-performance power solutions.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer concentration
The company reported that no other customers comprised greater than 10% of total revenues during the 2025 fiscal year.
Suppliers, materials & equipment
- Lithium cell manufacturers — The company sources various lithium cells from third-party suppliers for use in its battery packs; specific supplier names are not disclosed.Source
Business relationships & partnerships
- India Joint Venture — A joint venture that assembles Ultralife power solution products and manages local sales and marketing activities in India.Source
Strengths
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
25
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
33
Poor
Financial Strength
44
Business Quality / Moat
34
Management
26
Growth Quality
21
Risk / Durability
26
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
40
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
44/100
Building Historical Record
Model Score 44/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Insider activity signal is favorable
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
Company-specific research
Questions worth answering for ULBI
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving ULBI's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •Is ULBI's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is ULBI's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for ULBI to reach sustainable profitability?
- •What future growth or profitability would be needed to justify ULBI's current valuation?
Essential Investment Snapshot
Wall Street Score
25
Opportunity Score
40
Market Cap
$260.3M
P/E Ratio
-16.8
EPS
$-0.40
52-Week High
$8.25
52-Week Low
$4.90
Beta
0.83
Shares Outstanding
16.6M
Total Revenue
$187.2M
Total Debt
$47.5M
Dividend
No current dividend
Liquidation Value / Share
$7.97
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong upward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on ULBI.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified portfolio through strategic acquisitions like Electrochem and Excell.
- +Strong order visibility with significant year-end backlog.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Electrical Equipment & Parts industry.
- −Dependence on third-party suppliers for critical components.
- −Exposure to fluctuations in demand from government and defense sectors.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
2 historical score records availablePrevious Score
26
Jul 24, 2026
Change
-0.4
points
Current Score
25
Oct 1, 2026
Category Changes
ULBI decreased 0.4 points because Revenue declined by 3.3 points.
Negative Contributors
- − Revenue declined by 3.3 points
Projected Score
Projected Score
27
Projected Change
+1.4 points
Preliminary comparable-period financial changes suggest improvement of approximately 1.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$15.62
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $187.2M | $191.2M | $164.5M | $158.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $142.6M | $146.7M | $122.1M | $119.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $44.7M | $44.5M | $42.3M | $39.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $11.2M | $9.0M | $8.3M | $7.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $28.4M | $26.3M | $24.1M | $22.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $39.6M | $35.3M | $32.3M | $29.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$627K | $1.1M | $14.4M | $15.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $5.0M | $9.2M | $10.0M | $9.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $3.6M | $4.0M | $1.9M | $2.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$9.6M | -$8.4M | $8.3M | $9.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | -$3.0M | -$2.4M | $1.9M | $2.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$6.5M | -$5.9M | $6.3M | $7.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.40 | $-0.35 | $0.38 | $0.44 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 16.66M | 16.64M | 16.55M | 16.23M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 16.71M | 16.64M | 16.77M | 16.23M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$47.9M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.15
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-13.1%
Cash Change
-39.1%
Margin Change
+3.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Debt reduced
What Weakened
- Cash position declined
Potential Score Impact
Positive indicators included EPS growth, debt levels, net income margin. Pressure indicators included revenue growth, cash levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 1.3%. EPS increased 184.1%. Cash declined 39.1%. Total debt declined 13.1%. Net income margin improved by 3.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
2 historical records2 historical score records available.
Historical Score Chart
2 of 2 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
Electrical Equipment & PartsNews
Ultralife Stock Soars 145%. EnerSys to Buy It for the ‘Battlefield of the Future.
BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Ultralife Corporation (Nasdaq – ULBI), QIAGEN N.V. (NYSE – QGEN), CCC Intelligent Solutions Holdings Inc. (Nasdaq – CCC), Penske Automotive Group, Inc. (NYSE – PAG)
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Rumor Mill · ULBI
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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