Ultralife Corporation (ULBI) Stock

Ultralife Corporation (ULBI) is a Industrials stock trading at $6.92 (as of 2026-08-20), with a market capitalization of $115.18M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Ultralife Corporation designs, manufactures, installs, and maintains power as well as communication and electronics systems worldwide. It operates through Battery & Energy Products (including various lithium and rechargeable battery technologies, battery systems, and charging and power solutions) and Communications Systems (components and integrated systems for military communications).

Understand Ultralife Corporation: how it makes money

Ultralife designs, manufactures, installs, and maintains power and communication and electronics systems, mainly selling Battery & Energy Products (such as lithium batteries, lithium-ion battery systems, and UPS) and Communications Systems to customers worldwide, generating money from product and system sales.

Ultralife’s profit model is driven by the Battery & Energy Products mix, because a large share of that segment’s sales is tied to commercial and government defense customers (Commercial to Government Defense Sales Split (Battery and Energy) is 69.31 percent), and the company’s Communications Systems revenues appear negligible in the latest period.

Revenue by segment (latest quarter)
Battery & Energy$0.0B
Comms Systems$0.0B

Business quality (Mixed): Segment revenue values and overall revenue are shown as 0.0B for the latest period, so investors have limited visibility into near-term demand or mix changes. Gross margin is 21.3 percent, but operating margin is negative (-0.5 percent), indicating losses despite positive gross profitability.

Bull case

  • Battery and Energy Products is the core commercial engine by mix, with Commercial Sales Percentage (Battery and Energy Products) at 78.22 percent: That suggests most battery and energy revenue is connected to commercial demand rather than being exclusively defense-driven.
  • The company highlights measurable customer mix, including Commercial to Government Defense Sales Split (Battery and Energy) at 69.31 percent: Having explicit commercial and defense exposure can help investors track which end market is driving changes in results.
  • Gross margin is positive at 21.3 percent for the latest period (2026-03-31): Even with an operating loss, positive gross margin suggests the underlying products can generate gross profit when revenue is present.

Bear case

  • Operating margin is negative at -0.5 percent for the latest period: This indicates the company is not converting gross profit into operating profit in that period.
  • Communication systems revenue appears at 0.0B in the provided segment and KPI values: If Communications Systems is not contributing meaningfully, the company may be more exposed to swings in Battery and Energy Products.
  • Overall revenue is provided as 0.0B for 2026-03-31: With revenue effectively at zero in the provided data, it is difficult to assess demand trends, order visibility, or sustainability of results from quarter to quarter.
Valuation — source: SEC EDGAR (first-party)
Price$6.92
Market Cap$115.18M
Price / Book0.87
Price / Sales0.62
FCF Yield1.8%
DCF Value (model)$12.05
DCF Upside vs Price74.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$191.16M
Net Margin-3.1%
Revenue Growth (YoY)-1.3%
EPS Growth (YoY)29900.0%
FCF Growth (YoY)-84.8%
Financial Health — source: SEC EDGAR
Altman Z-Score1.71 (distress)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Sector P/E (Industrials)25.9
Industry P/E (Electrical Equipment)37.8
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderVisionary Wealth Advisors ($7.21M)
Institutional Holders Tracked10
Company
SectorIndustrials
IndustryElectrical Equipment
CEOMichael E. Manna
Employees671
CountryUS
IPO Date1992-12-23

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ULBI earnings history · ULBI institutional & insider holders · ULBI KPIs & operating metrics · ULBI financials · ULBI investor presentations & press releases · ULBI SEC filings · ULBI peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.