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Upturn AI Summary - About
Ultralife Corporation(ULBI)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for ULBI
10/23/2026: ULBI (1-star) is currently NOT-A-BUY. Pass it for now.
Ultralife Corporation is a specialized provider of battery power and communications systems, primarily serving the defense, medical, and industrial sectors. The company benefits from a solid reputation for high-reliability products, which has secured it a consistent role within government and military supply chains. Its main growth opportunity lies in the modernization of infantry equipment and medical device power requirements. However, investors must consider the risks of high revenue concentration in defense contracts and the cyclical nature of government spending. Ultralife is best suited for growth-oriented investors interested in defense industrial components, though the lack of dividends and potential for volatility remain key developments to monitor.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | The company offers growth potential through defense modernization, but progress is often lumpy due to contract timelines. |
| Momentum investor | Strong fit while signal remains positive | The stock can exhibit momentum during periods of significant defense contract announcements. |
| Value investor | Mixed fit | Valuation depends heavily on fluctuating earnings multiples relative to the defense cycle. |
| Dividend investor | Weak fit | The company does not pay a dividend, making it unsuitable for income-focused portfolios. |
| Low-risk investor | Weak fit | Contract concentration and sensitivity to government spending cycles introduce significant volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium / high | The stock is subject to sharp price movements based on contract awards and government budget news. |
| Valuation risk | Medium | Valuation levels can swing significantly based on the market's current appetite for small-cap defense stocks. |
| Competition risk | Medium | Defense contract competition from larger, well-capitalized firms limits pricing power. |
| Business quality | Medium | The company serves niche, high-reliability markets, which provides some protection but limits scale. |
| Dividend income | Low / none | Investors receive zero income from the stock, which is a disadvantage for defensive portfolios. |
| Execution risk | Medium | Success depends heavily on the timely execution and delivery of complex government contracts. |
Price Behavior
Downtrend
The stock has experienced a sustained decline in price over recent periods.
Choppy
The stock has experienced frequent reversals and pronounced short-term price swings.
Analysis of Past Performance
Type Stock | Historic Profit 15.07% | Avg. Invested days 25 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  3.0 | Stock Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/23/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 101.15M USD | Price to earnings Ratio - | 1Y Target Price 14 |
Price to earnings Ratio - | 1Y Target Price 14 | ||
Volume (30-day avg) 32.4K shares | Beta 0.78 | 52 Weeks Range 4.90 - 8.25 | Updated Date 10/24/2026 |
52 Weeks Range 4.90 - 8.25 | Updated Date 10/24/2026 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.38 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Battery & Energy | Primary and rechargeable batteries, charging systems. | The company makes steady money providing power for mission-critical hardware. |
| Communications Systems | Ruggedized amplifiers, networking gear. | This segment provides higher-tech, contract-based revenue for military use. |
| Geographic Markets | US government and international defense customers. | Revenue is heavily tied to global defense spending trends. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Valuation
Trailing PE - | Forward PE 15.34 | Enterprise Value 132.92M | Price to Sales(TTM) 0.54 |
Enterprise Value 132.92M | Price to Sales(TTM) 0.54 | ||
Enterprise Value to Revenue 0.71 | Enterprise Value to EBITDA 149.65 | Shares Outstanding 16.66M | Shares Floating 9.62M |
Shares Outstanding 16.66M | Shares Floating 9.62M | ||
Percent Insiders 3.22 | Percent Institutions 73.47 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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