Ultralife Corp. (ULBI) Swings to Q3 Loss

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Go back to Ultralife Corp. (ULBI) Swings to Q3 Loss

Ultralife Corporation Reports Third Quarter Results

October 30, 2014 7:00 AM EDT

NEWARK, N.Y., Oct. 30, 2014 (GLOBE NEWSWIRE) -- Ultralife Corporation (Nasdaq: ULBI) reported breakeven operating results on revenue of $16.1 million for the quarter ended September 28, 2014. For the third quarter of 2013, the Company reported an operating profit of $0.7 million on revenue of $20.4 million.

"On the strength of a 36% increase in commercial sales in Battery & Energy Products, consolidated sales to commercial customers surpassed sales to Government/Defense customers for the third consecutive quarter and Battery & Energy Products sales grew 3%. Our strategy to embed our battery systems into the design of our commercial customers' products is... More