Ultralife sees sales jump to $50.7M in Q1 2025 report

Ultralife Corporation (NASDAQ:ULBI) today announced its operating results for the first quarter ended March 31, 2025, highlighted by strong sales growth driven by its Batteries & Energy Products segment.

For the first quarter of 2025, Ultralife reported sales of $50.7 million, a significant increase compared to $41.9 million for the same period in 2024.

This growth was primarily fueled by a 32.4% surge in Batteries & Energy Products sales.

However, this was partially offset by a 36.2% decrease in Communications Systems sales.

Gross profit for the quarter was $12.7 million, or 25.1% of revenue, compared to $11.5 million, or 27.4% of revenue, in the first quarter of 2024.

The company reported operating income of $3.4 million, which included $0.4 million in one-time non-recurring costs and purchase accounting adjustments.

This compares to operating income of $4.1 million for the first quarter of 2024.

GAAP Earnings Per Share (EPS) for the first quarter of 2025 was $0.11, down from $0.18 in the prior year's first quarter.

Meanwhile, adjusted EBITDA saw a slight increase, reaching $5.4 million compared to $5.2 million in the first quarter of 2024.