Ultralife
Supplies mission-critical batteries, power systems, and tactical communications hardware for industrial and defense channels.
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Profile
Supplies battery, power, and tactical communications products through its Battery & Energy Products and Communications Systems businesses. Revenue is concentrated in the United States and spans OEM, distributor, government, and defense channels.
Battery & Energy Products supplies lithium and rechargeable batteries, uninterruptible power supplies, charging systems, and accessories. Communications Systems supplies RF amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts and cases, and integrated fixed or vehicle communications systems.
Products reach equipment makers across safety, medical, and industrial applications, industrial and defense distributors, and direct government and defense customers. Operations are global but sales are concentrated in the United States.
The business depends on defense spending and uneven order timing, as well as suppliers and manufacturing capacity needed to fulfill mission-critical orders.
Company facts
Key statistics
Year to date +14.5% · Average volume (30d) 40.7K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.19 | $0.19 | 0.0% | $55.0M | $47.9M | −12.8% | +19.36% |
| May 8, 2026Q1 FY26 | $0.15 | −$0.03 | −120.0% | $52.4M | $47.4M | −9.5% | +2.68% |
| Mar 10, 2026Q4 FY25 | $0.24 | $0.12 | −50.0% | $57.0M | $48.5M | −14.9% | +2.62% |
| Nov 18, 2025Q3 FY25 | $0.21 | −$0.07 | −133.3% | $53.0M | $43.4M | −18.2% | +0.20% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $50.7M | $48.6M | $43.4M | $48.5M | $47.4M | $47.9M | |
| Gross profit | $12.3M | $11.2M | $9.2M | $11.8M | $9.8M | $13.9M | |
| Operating income | $3.4M | $2.3M | −$951.0K | $2.8M | −$215.0K | $3.4M | |
| Net income | $1.9M | $879.0K | −$1.2M | −$7.4M | −$451.0K | $2.5M | |
| Diluted EPS | $0.11 | $0.05 | −$0.07 | −$0.45 | −$0.03 | $0.15 | |
| Gross margin | 24.3% | 23.0% | 21.2% | 24.3% | 20.7% | 28.9% | |
| Operating margin | 6.7% | 4.6% | -2.2% | 5.7% | -0.5% | 7.2% |
Fiscal years (4-quarter sums)FY21 $98.3M · FY22 $131.8M · FY23 $158.6M · FY24 $164.5M · FY25 $191.2M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $6.7M · Total debt $47.5M · Total assets $216.2M · Shareholders' equity $132.5M
Dividends
No dividends on record.
Ownership
Shares outstanding 16.66M · Float 9.62M · 57.7% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Bradford T. Whitmore · director, 10 percent owner: | 2.05M | 12.31% | Form 4 | May 26, 2026 |
| Visionary Wealth Advisors | 1.11M | 6.64% | 13F | May 13, 2026 |
| Dimensional Fund Advisors LP | 994.8K | 5.97% | 13F | May 7, 2026 |
| Janney Montgomery Scott LLC | 518.0K | 3.11% | 13F | Apr 22, 2026 |
| Vanguard Capital Management LLC | 457.8K | 2.75% | 13F | May 15, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 21, 2026 | Bradford T. Whitmore | director, 10 percent owner: | +32,876 | $6.13 |
| May 22, 2026 | Bradford T. Whitmore | director, 10 percent owner: | +8,700 | $6.33 |
| May 26, 2026 | Bradford T. Whitmore | director, 10 percent owner: | +67,302 | $6.81 |
| May 18, 2026 | Michael Edward Manna | director, officer: President and CEO | +2,000 | $6.47 |
| Mar 12, 2026 | Michael Edward Manna | director, officer: President and CEO | +2,000 | $6.01 |
Peers
- EnerSys
Specialty batteries, chargers, and defense-oriented power systems
- TotalEnergies
Saft battery operations span primary lithium and military electronics
- Amprius Technologies
High-energy lithium-ion cells for defense and unmanned aviation
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Ultralife | $6.47 | 0.00% | $107.8M | — | — | 0.6 | −1.3% |
| EnerSys | $189.16 | +1.98% | $6.76B | 19.9 | 14.9 | 1.8 | +4.8% |
| TotalEnergies | $86.31 | −0.05% | $192.30B | 10.9 | 8.4 | 1.0 | +26.2% |
| Amprius Technologies | $9.93 | +0.51% | $1.40B | — | — | 12.8 | +125.9% |
| Median | 15.4 | 11.6 | 1.8 | +26.2% |





