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Ultralife Corp
Ultralife Corp. engages in the manufacture and sale of products for power solutions. The company is headquartered in Newark New York, New York and currently employs 560 full-time employees. Its 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 related to those product lines. Its segments include Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes lithium 9-volt, cylindrical, thin cell and other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes radio frequency amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design.
Ultralife Corp. engages in the manufacture and sale of products for power solutions. The company is headquartered in Newark New York, New York and currently employs 560 full-time employees. Its 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 related to those product lines. Its segments include Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes lithium 9-volt, cylindrical, thin cell and other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes radio frequency amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design.
Revenue Growth: Ultralife reported Q3 revenue of $43.4 million, up from $35.7 million last year, driven by strong government defense demand.
Gross Margin Decline: Gross margin fell to 22.2% from 24.3% mainly due to supply chain quality issues and lower-margin product mix.
Operating Loss: The company posted a $1 million operating loss after $1.1 million in one-time costs related to restructuring and system transitions.
Facility Consolidation: Ultralife is closing its Calgary location with production moving to Houston, expecting $0.8 million in annual savings starting in 2026.
New Product Focus: Multiple new products and large contract wins are expected to drive growth in both Battery & Energy and Communications segments in 2026.
Electrochem Integration: The transition of Electrochem to Ultralife’s systems is complete, enabling further vertical integration and market opportunities.
Strong Backlog: Backlog increased to $90.1 million, up 6.5% from Q2, indicating solid demand heading into 2026.