NASDAQ$ULBI
Ultralife Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Ultralife reported second quarter results with revenue increase and improved gross profit.
Ultralife Corporation reported a slight increase in revenue and improved gross profit for the second quarter of 2024. The company saw growth in Battery & Energy Products sales, particularly in government/defense and medical battery sectors. Debt was reduced by over 50%.
- Sales reached $43.0 million, compared to $42.7 million in Q2 2023.
- Battery & Energy Products sales grew by 8.3%, reaching a record high for the segment.
- Gross profit was $11.6 million, or 26.9% of revenue, compared to $10.6 million, or 24.8% of revenue in Q2 2023.
- Operating income increased by 6.9% compared to the second quarter of 2023.
Headline financials
Revenue & EPS history
Ultralife · Revenue · Quarterly
$43M
Revenue by segment
Ultralife · $7.6M total across 1 segment · Q3 2023
- Communications Systems$7.6M+61.7%100.0%
Forward guidance
Ultralife is focused on driving gross margin increases and expanding opportunities for larger projects, anticipating profitable growth and cash flow generation for debt reduction and strategic investments.
Tailwinds
- Driving gross margin increases through material cost deflation.
- Lean productivity improvements.
- Scrap reduction efforts.
- Price realization for both businesses.
- Expanding opportunity funnels and customer wins for larger projects.
Headwinds
- Uncertain global economic conditions.
- Reductions in revenues from key customers.
- Delays or reductions in U.S. and foreign military spending.
- Acceptance of new products on a global basis.
- Disruptions or delays in the supply of raw materials and components due to business conditions, global conflicts, weather, or other factors not under our control.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.1%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+5.4%
Avg return
30 days after
46%
30 / 65 earnings
Positive
+56.6%
Q2 2023
Best reaction
-26.7%
Q2 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -14.3% | -16.4% | -4.6% | |
| Q4 2025 | +8.3% | +22.9% | +28.5% | |
| Q3 2025 | -9.0% | -5.4% | +4.7% | |
| Q1 2025 | +2.9% | +13.1% | +57.8% | |
| Q4 2024 | -6.1% | -16.0% | -18.2% | |
| Q3 2024 | -14.3% | -16.5% | -18.3% | |
| Q2 2024 | -3.1% | -4.1% | -1.8% | |
| Q1 2024 | +30.5% | +34.0% | +29.4% | |
| Q4 2023 | +16.5% | +11.6% | +6.6% | |
| Q3 2023 | -22.3% | -19.3% | -18.2% | |
| Q2 2023 | +56.6% | +70.8% | +87.4% | |
| Q1 2023 | +3.6% | -1.2% | +4.9% | |
| Q4 2022 | +0.5% | -3.2% | -0.2% | |
| Q3 2022 | -4.6% | -7.1% | -15.4% | |
| Q2 2022 | -4.1% | -1.9% | +8.8% | |
| Q1 2022 | +6.4% | +3.9% | +7.1% | |
| Q4 2021 | -7.4% | -9.1% | +0.9% | |
| Q3 2021 | -9.3% | -7.4% | -19.9% | |
| Q2 2021 | -6.3% | -4.8% | -5.3% | |
| Q1 2021 | -1.4% | -3.5% | +14.0% | |
| Q4 2020 | +8.2% | +24.6% | +11.9% | |
| Q3 2020 | -9.8% | -6.5% | +20.1% | |
| Q2 2020 | +1.7% | +1.0% | -9.7% | |
| Q1 2020 | +7.6% | +19.7% | +19.3% | |
| Q4 2019 | +11.4% | +12.7% | +0.0% | |
| Q3 2019 | -7.1% | -5.5% | -6.4% | |
| Q2 2019 | +6.0% | -1.8% | -1.8% | |
| Q1 2019 | -18.1% | -23.2% | -30.0% | |
| Q4 2018 | +4.1% | +12.9% | +26.1% | |
| Q3 2018 | +10.9% | +9.7% | +8.4% | |
| Q2 2018 | -3.5% | -1.0% | -13.5% | |
| Q1 2018 | +3.3% | +0.0% | +12.1% | |
| Q4 2017 | +7.6% | +8.3% | +19.7% | |
| Q3 2017 | -14.3% | -12.2% | -12.9% | |
| Q2 2017 | -2.2% | -4.3% | -6.5% | |
| Q1 2017 | +7.2% | +6.3% | +20.7% | |
| Q4 2016 | -1.0% | +6.9% | +8.8% | |
| Q3 2016 | -7.8% | -8.9% | +6.7% | |
| Q2 2016 | -7.6% | -13.8% | -11.0% | |
| Q1 2016 | -11.0% | — | — | |
| Q4 2015 | -4.5% | — | — | |
| Q3 2015 | +5.3% | — | — | |
| Q2 2015 | +0.0% | — | — | |
| Q1 2015 | +1.5% | — | — | |
| Q4 2014 | +9.7% | — | — | |
| Q3 2014 | +5.7% | — | — | |
| Q2 2014 | -8.3% | — | — | |
| Q1 2014 | +7.2% | — | — | |
| Q4 2013 | -5.2% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q4 2012 | +11.2% | — | — | |
| Q3 2012 | +5.9% | — | — | |
| Q2 2012 | -26.7% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q1 2012 | -1.0% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q4 2009 | +0.6% | — | — | |
| Q3 2011 | -3.0% | — | — | |
| Q3 2010 | -3.0% | — | — | |
| Q4 2010 | -0.2% | — | — | |
| Q2 2010 | -0.2% | — | — | |
| Q2 2011 | -0.2% | — | — | |
| Q1 2010 | +4.2% | — | — |
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