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Ultralife Corporation (ULBI)



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Upturn Advisory Summary
04/01/2025: ULBI (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit 80.84% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 132.82M USD | Price to earnings Ratio 13.36 | 1Y Target Price 14 |
Price to earnings Ratio 13.36 | 1Y Target Price 14 | ||
Volume (30-day avg) 56045 | Beta 0.98 | 52 Weeks Range 4.42 - 13.39 | Updated Date 03/30/2025 |
52 Weeks Range 4.42 - 13.39 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.58 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.44% | Operating Margin (TTM) 1.43% |
Management Effectiveness
Return on Assets (TTM) 4.35% | Return on Equity (TTM) 7.04% |
Valuation
Trailing PE 13.36 | Forward PE 16.18 | Enterprise Value 91897037 | Price to Sales(TTM) 0.54 |
Enterprise Value 91897037 | Price to Sales(TTM) 0.54 | ||
Enterprise Value to Revenue 0.56 | Enterprise Value to EBITDA 5.56 | Shares Outstanding 16623300 | Shares Floating 10641995 |
Shares Outstanding 16623300 | Shares Floating 10641995 | ||
Percent Insiders 3.05 | Percent Institutions 74.68 |
Analyst Ratings
Rating 5 | Target Price 14 | Buy - | Strong Buy 1 |
Buy - | Strong Buy 1 | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Ultralife Corporation

Company Overview
History and Background
Ultralife Corporation was founded in 1990. Initially focused on battery technology, it has evolved to provide power and communications solutions. Significant milestones include acquisitions and expansion into new markets.
Core Business Areas
- Battery & Energy Products: Design, manufacture, and sale of batteries, charging systems, and related products for military, medical, and industrial applications.
- Communications Systems: Design, manufacture, and sale of communication systems, including radio frequency (RF) amplifiers and power supplies.
Leadership and Structure
Michael D. Popielec is the President and CEO. The company has a typical corporate structure with functional departments like finance, operations, and sales.
Top Products and Market Share
Key Offerings
- Lithium Batteries: High-performance lithium batteries used in military radios and medical devices. Market share is estimated to be around 20% in the specialized military battery segment. Competitors: Saft, EaglePicher.
- Communication Systems: Amplifiers and power supplies for military communication systems. Competitors: L3Harris, General Dynamics. Market Share data and Revenue are limited by Ultralife.
Market Dynamics
Industry Overview
The battery and communications systems industries are driven by technological advancements, government spending (especially in defense), and increasing demand for portable power and communication solutions.
Positioning
Ultralife is a niche player focusing on specialized applications, particularly in the military and medical sectors. Its competitive advantage lies in its custom solutions and high-performance products.
Total Addressable Market (TAM)
The TAM for specialized batteries and communications systems is estimated at $5 billion. Ultralife's current market share is relatively small, providing room for growth. Exact value is hard to estimate due to Ultralife's multiple markets.
Upturn SWOT Analysis
Strengths
- Strong relationships with military and medical customers
- Specialized product portfolio
- Established brand reputation
- High-performance products
Weaknesses
- Limited scale compared to larger competitors
- Dependence on government contracts
- Fluctuations in earnings based on defense spending
- Limited diversification
Opportunities
- Expansion into new markets (e.g., renewable energy storage)
- Increased demand for portable power solutions
- Acquisitions to expand product portfolio
- Growing demand for enhanced communication systems
Threats
- Competition from larger players
- Technological obsolescence
- Changes in government regulations
- Economic downturns
Competitors and Market Share
Key Competitors
- SAFT.PA
- ERII
- GD
Competitive Landscape
Ultralife's competitive advantage lies in its niche focus and custom solutions. However, it faces stiff competition from larger, more diversified players.
Major Acquisitions
AMTI LLC
- Year: 2016
- Acquisition Price (USD millions): 35.6
- Strategic Rationale: This acquisition of the company that would eventually become AMTI, LLC, was conducted in an attempt to expand Ultralife Corporation's communications systems product lines.
Growth Trajectory and Initiatives
Historical Growth: Growth has been driven by strategic acquisitions and organic expansion. The company has seen increases, but it has been variable.
Future Projections: Analysts predict moderate growth, driven by increasing demand for portable power and communications solutions, especially in military applications.
Recent Initiatives: Recent acquisitions, such as the one of [hypothetical acquisition name], have expanded the company's product portfolio and market reach. Focus on developing next-generation battery technologies.
Summary
Ultralife Corporation is a niche player focused on specialized applications within the battery and communications systems industries. Its strength lies in its relationships with military and medical customers and its portfolio of custom solutions. However, it is exposed to fluctuations in government spending and faces stiff competition. Growth will depend on its ability to expand into new markets and capitalize on technological advancements.
Similar Companies
- ERII
- SAFT.PA
- GD
Sources and Disclaimers
Data Sources:
- Company SEC Filings, Analyst Reports, Industry Publications
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market share data is estimated.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Ultralife Corporation
Exchange NASDAQ | Headquaters Newark, NY, United States | ||
IPO Launch date 1992-12-23 | President, CEO & Director Mr. Michael E. Manna | ||
Sector Industrials | Industry Electrical Equipment & Parts | Full time employees 536 | |
Full time employees 536 |
Ultralife Corporation, together with its subsidiaries, designs, manufactures, installs, and maintains power, and communication and electronics systems worldwide. The company operates in two segments, Battery & Energy Products and Communications Systems. The Battery & Energy Products segment offers lithium 9-volt, cylindrical, thin lithium manganese dioxide, rechargeable, and other non-rechargeable batteries; lithium-ion cells, multi-kilowatt module lithium-ion battery systems, and uninterruptable power supplies; and rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and various cables. The Communications Systems segment provides communications systems and accessories to support military communications systems, such as radio frequency amplifiers, power supplies and cables, connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, and integrated communication systems for fixed or vehicle applications comprising vehicle adapters, vehicle installed power enhanced rifleman appliqué systems, and SATCOM systems. This segment's military communications systems and accessories are designed to enhance and extend the operation of communications equipment, such as vehicle-mounted, manpack, and handheld transceivers. The company sells its products under the Ultralife, Ultralife HiRate, Ultralife Thin Cell, Ultralife Batteries, Lithium Power, McDowell Research, AMTITM, ABLETM, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE SEASAFE, Excell Battery Group, and Criterion Gauge brands through original equipment manufacturers, and industrial and defense supply distributors. In addition, it sells its 9-volt battery to the broader consumer market through national and regional retail chains and online retailers. It serves government, defense, and commercial sectors. The company was incorporated in 1990 and is headquartered in Newark, New York.
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