whytestocks
6 years ago
News: $ULBI Ultralife Corporation to Report Fourth Quarter Results on February 7, 2019
NEWARK, N.Y., Jan. 24, 2019 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) will report its fourth quarter results for the period ended December 31, 2018 before the market opens on Thursday, February 7, 2019. Ultralife’s Management will also host an investor conference ca...
In case you are interested https://marketwirenews.com/news-releases/ultralife-corporation-to-report-fourth-quarter-results-on-february-7-2019-7548202.html
Golden Cross
7 years ago
Ultralife Corporation Reports Fourth Quarter Results
GlobeNewswire•February 8, 2018
NEWARK, N.Y., Feb. 08, 2018 (GLOBE NEWSWIRE) -- Ultralife Corporation (ULBI) reported operating income of $2.1 million on revenue of $22.5 million for the fourth quarter ended December 31, 2017 compared to operating income of $1.6 million on revenue of $21.6 million for the fourth quarter of 2016. For total year 2017, Ultralife produced operating income of $6.5 million on revenue of $85.5 million compared to operating income of $3.8 million on revenue of $82.5 million for 2016.
“We ended a year of growth and accomplishments with our highest quarterly revenue, operating profit and EPS in five years. Driven by a 32% increase in revenue from a broad range of government and defense customers, we delivered a 9.1% operating profit margin, up 150 basis points over last year’s fourth quarter, on total Company revenue growth of 4%,” said Michael D. Popielec, President and Chief Executive Officer. “Throughout 2017, we aggressively pursued exciting new revenue contributions from market and sales reach expansion, new product development and customer partnerships, while preparing to launch new products to serve emerging IoT demand. We achieved our stated goal of generating profitable growth for the year, increasing operating income by 72% on a 4% gain in revenue. As a result of the actions taken in 2017 to lay the foundation for new revenue contributions in 2018, we are starting the year with a higher backlog than last year. The combination of new revenue opportunities and continued disciplined execution of our business model places us in an excellent position to extend our track record of profitable growth.”
Fourth Quarter 2017 Financial Results
Revenue was $22.5 million, an increase of $.9 million, or 4%, compared to $21.6 million for the fourth quarter of 2016 reflecting higher government/defense sales for both business segments. Battery & Energy Products sales decreased 5% to $16.8 million compared to $17.6 million last year due primarily to timing differences in medical sales which caused commercial sales to come in below last year, not fully offset by a 25% increase in government/defense sales. Communications Systems sales grew 42% to $5.7 million compared to $4.0 million for the same period last year reflecting a 64% year-over-year increase in shipments of core products such as our 20-watt amplifiers, universal vehicle adaptors and power supplies, as well as a 25% increase in Vehicle Installed Power Enhanced Riflemen Appliqué (“VIPER”) revenues.
Gross profit was $6.9 million, or 30.5% of revenue, compared to $6.8 million, or 31.5% of revenue, for the same quarter a year ago. Battery & Energy Products’ gross margin was 28.6% compared to 29.4% last year, and Communications Systems’ gross margin was 36.2% compared to 40.6% last year, primarily due to sales mix.
Operating expenses were $4.8 million compared to $5.2 million last year reflecting continued tight control over discretionary spending. Operating expenses were 21.4% of revenue compared to 23.9% of revenue for the year earlier period.
Operating income was $2.1 million compared to $1.6 million last year for an operating margin of 9.1% compared to 7.6% last year.
Net income was $3.8 million, which includes a one-time $1.9 million tax benefit, compared to net income of $1.7 million last year. Reported earnings per share for the fourth quarter of 2017 of $0.24 include $0.12 from our operating performance compared to $0.11 per share for the fourth quarter of 2016, plus $0.12 related to the tax benefit. Earnings per share for the full year of $0.49 include $0.37 per share from our 2017 operating performance compared to $0.23 for 2016.
Income tax net benefit was $1.7 million for the fourth quarter of 2017 compared to $0.1 million last year. As a result of the Tax Cuts and Jobs Act, a one-time, non-cash tax benefit of $1.9 million was recognized in the fourth quarter of 2017 upon the revaluation, at the newly enacted 21% Federal tax rate, of deferred tax liabilities relating to book-to-tax differences on goodwill and other intangible assets. There was no earnings impact for the revaluation of our domestic deferred tax assets, which include our net operating losses, as they continue to be fully reserved.
stocktrademan
9 years ago
$ULBI recent news/filings
bullish
breakout on uptrend
double bottom
## source: finance.yahoo.com
Tue, 01 Sep 2015 13:33:04 GMT ~ Ultralife Corporation Awarded $8.2 Million Communications Systems Contract
[at noodls] - NEWARK, N.Y., Sept. 1, 2015 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ:ULBI) has been awarded a contract valued at approximately $8.2 million to supply its Soldier Radio Waveform ('SRW') Vehicle ...
read full: http://www.noodls.com/view/3F9182149967AE5F2DA049E7AE7596405D8E43FA
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Tue, 01 Sep 2015 13:19:24 GMT ~ ULTRALIFE CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
read full: http://biz.yahoo.com/e/150901/ulbi8-k.html
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Tue, 01 Sep 2015 13:14:41 GMT ~ Ultralife Corporation Awarded $8.2 Million Communications Systems Contract
[GlobeNewswire] - NEWARK, N.Y. -- Ultralife Corporation (NASDAQ:ULBI) has been awarded a contract valued at approximately $8.2 million to supply its Soldier Radio Waveform ("SRW") Vehicle Installed Power Enhanced ...
read full: http://finance.yahoo.com/news/ultralife-corporation-awarded-8-2-131441771.html
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Mon, 24 Aug 2015 17:57:47 GMT ~ Edited Transcript of ULBI earnings conference call or presentation 30-Jul-15 2:00pm GMT
read full: http://finance.yahoo.com/news/edited-transcript-ulbi-earnings-conference-175747097.html
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Thu, 06 Aug 2015 17:04:12 GMT ~ ULTRALIFE CORP Financials
read full: http://finance.yahoo.com/q/is?s=ulbi
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$ULBI charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$ULBI company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/ULBI/company-info
Ticker: $ULBI
OTC Market Place: Not Available
CIK code: 0000875657
Company name: Ultralife Corp.
Company website: http://www.ulbi.com
Incorporated In: DE, USA
$ULBI share structure
## source: otcmarkets.com
Market Value: $71,456,081 a/o Sep 03, 2015
Shares Outstanding: 15,635,904 a/o Jul 29, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.1
$ULBI extra dd links
Company name: Ultralife Corp.
Company website: http://www.ulbi.com
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=ULBI+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=ULBI+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=ULBI+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/news - http://finance.yahoo.com/q/h?s=ULBI+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/ULBI/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=ULBI+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/ULBI
DTCC (dtcc.com): http://search2.dtcc.com/?q=Ultralife+Corp.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Ultralife+Corp.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Ultralife+Corp.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.ulbi.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.ulbi.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.ulbi.com
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/ULBI
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000875657&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=ULBI&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=ULBI
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=ULBI+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=ULBI+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=ULBI
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=ULBI
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=ULBI+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/ULBI/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=ULBI+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/ULBI.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=ULBI
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/ULBI/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/ULBI/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/ULBI
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/ULBI
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/ULBI:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=ULBI
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=ULBI
$ULBI DD Notes ~ http://www.ddnotesmaker.com/ULBI
NJHowie
10 years ago
Q4 is supposed to show operational profitability
That was the message during the Q3 conference call. Since government business in Q3 was so low, and Q4 includes end of the fiscal year for the government, absolutely any business coming from the government will have a positive impact and provide upside surprise.
Beyond that, I think 2015 should be the year we really see the turnaround begin to take effect. Revenues have begun to turn the corner with the new products and expanding client base (away from government). As things progress, government business is going to become irrelevant to the point that it won't be necessary at all - any government revenues will be considered icing on the cake.
It's still a long haul, however, the financials remain extremely strong, the company is cash flow positive, and losses that are posted are minimal. The plan that management has in place is a very good one and as long as they continue to execute on it, the future is very bright for the company.
We still have about 9 weeks until the earnings announcement. Assuming we're not going to get any news in the near-term, best we can hope for is a January Effect bounce to get shares back to the normal trading range between $3.50 and $3.75.
NJHowie
10 years ago
We need more insider purchases!
The purchase by Robert Shaw in early December was nice to see. However, it was only for a total of 3200 shares.
It's been a while since Popielec and Fain have bought any. Phil Fain last purchased shares in August 2013 at $3.75/share - that was a 10,000 share purchase.
With shares now 20% lower, and the turnaround coming to fruition in the near-term (sooner rather than later), I would think that both Popielec and Fain would be accumulating at the current share price. We are in the period after close of the quarter and before the announcement, so I'm sure they can't be buying shares now. However, once Q4 earnings are announced, if the shares do not move significantly higher, hopefully both will be buying.
NJHowie
10 years ago
Share buyback is still in place with lots of shares left for repurchase. Hopefully company is picking up all the shares they can whenever it dips below $3.00.
As mentioned on a prior earnings call, because of the poor liquidity in the shares, it's difficult for company to be purchasing regularly. However, they should be working with a broker and just have a standing open order that whenever 5000 or more shares show up on the ask below a certain price threshold, then they buy and likewise setting some price floor where they will always be buying.
Further, company should set up a 10b5-1 trading plan for itself, so they can be buying back shares without any blackout restrictions that may come about due to news or timeframes related to earnings announcements.