Ultralife Corp. (ULBI) Posts Q1 Loss of 7c/Share

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Go back to Ultralife Corp. (ULBI) Posts Q1 Loss of 7c/Share

Ultralife Corporation Reports First Quarter Results

May 1, 2014 7:01 AM EDT

NEWARK, N.Y., May 1, 2014 (GLOBE NEWSWIRE) -- Ultralife Corporation (Nasdaq: ULBI) reported an operating loss from continuing operations of $1.1 million on revenue of $15.3 million for the quarter ended March 30, 2014. For the first quarter of 2013, the company reported an operating profit from continuing operations of $0.4 million on revenue of $21.0 million.

"Battery & Energy Products had a promising start to the year, delivering 7% revenue growth, further revenue diversification into commercial markets, and a significantly improved gross margin. Communications Systems has started the year slowly reflecting the fluctuating timing of orders in this business.... More