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Ultralife Corporation (ULBI)



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Upturn Advisory Summary
08/14/2025: ULBI (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $14
1 Year Target Price $14
1 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 209.64% | Avg. Invested days 42 | 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 108.35M USD | Price to earnings Ratio 34.26 | 1Y Target Price 14 |
Price to earnings Ratio 34.26 | 1Y Target Price 14 | ||
Volume (30-day avg) 1 | Beta 1 | 52 Weeks Range 4.07 - 11.48 | Updated Date 08/15/2025 |
52 Weeks Range 4.07 - 11.48 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.19 |
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 2025-08-07 | When - | Estimate 0.13 | Actual 0.07 |
Profitability
Profit Margin 1.79% | Operating Margin (TTM) 4.97% |
Management Effectiveness
Return on Assets (TTM) 2.55% | Return on Equity (TTM) 2.4% |
Valuation
Trailing PE 34.26 | Forward PE 16.18 | Enterprise Value 150687033 | Price to Sales(TTM) 0.61 |
Enterprise Value 150687033 | Price to Sales(TTM) 0.61 | ||
Enterprise Value to Revenue 0.84 | Enterprise Value to EBITDA 12.17 | Shares Outstanding 16643600 | Shares Floating 10594492 |
Shares Outstanding 16643600 | Shares Floating 10594492 | ||
Percent Insiders 3.16 | Percent Institutions 72.1 |
Upturn AI SWOT
Ultralife Corporation

Company Overview
History and Background
Ultralife Corporation was founded in 1990 and has evolved from a battery company to a global provider of power and communications solutions. It has grown through organic expansion and strategic acquisitions.
Core Business Areas
- Batteries & Energy Products: Manufactures and supplies batteries and energy products, including lithium batteries, for military, medical, and industrial applications.
- Communications Systems: Designs and manufactures communications systems and equipment, including radio frequency (RF) amplifiers, power supplies, and other communication solutions.
Leadership and Structure
The leadership team typically consists of a CEO, CFO, and other key executives. The organizational structure is generally hierarchical with functional departments.
Top Products and Market Share
Key Offerings
- Lithium Batteries: Ultralife's lithium batteries are used in various applications, including military radios, medical devices, and industrial equipment. Market share data is not publicly available, but competes with Saft, Tadiran Batteries. Revenue from lithium batteries makes up the majority of the overall revenue for Ultralife. Competitors include Tadiran Batteries, Saft, and EaglePicher Technologies.
- Communication Systems: Ultralife produces communication systems for military and commercial customers. Competitors include L3Harris Technologies, General Dynamics Mission Systems. Market share data is not publicly available. Sales of communication systems provide a smaller portion of total revenue for Ultralife when compared to battery sales.
Market Dynamics
Industry Overview
The industry is characterized by increasing demand for portable power solutions and advanced communication technologies, particularly in the military and medical sectors.
Positioning
Ultralife is positioned as a key provider of specialized battery and communication solutions, focusing on high-performance and long-lasting products for demanding applications.
Total Addressable Market (TAM)
The TAM for advanced batteries and communication systems is in the billions of dollars. Ultralife's positioning in specialized applications gives it access to a significant portion of this TAM.
Upturn SWOT Analysis
Strengths
- Strong reputation for high-quality products
- Established relationships with military and medical customers
- Specialized expertise in battery and communication technologies
Weaknesses
- Limited scale compared to larger competitors
- Dependence on specific industries (military, medical)
- Geographical concentration of manufacturing facilities
Opportunities
- Expanding into new applications for lithium batteries (e.g., electric vehicles)
- Acquiring smaller companies with complementary technologies
- Increasing sales in international markets
Threats
- Competition from larger companies with greater resources
- Fluctuations in government defense spending
- Technological advancements that could render existing products obsolete
Competitors and Market Share
Key Competitors
- TDY
- LHX
- GD
Competitive Landscape
Ultralife faces competition from larger, more diversified companies. Its competitive advantage lies in its specialized products and strong customer relationships.
Major Acquisitions
AMTI LLC
- Year: 2016
- Acquisition Price (USD millions): 7.4
- Strategic Rationale: Acquisition of AMTI LLC, a communications systems provider, was expected to expand Ultralife's product offerings and market presence.
Growth Trajectory and Initiatives
Historical Growth: Ultralife's historical growth has been driven by demand in military and medical end markets.
Future Projections: Future growth is projected to be driven by expanding into new markets and applications. Analyst estimations would need to be gathered from public sources.
Recent Initiatives: Recent initiatives may include new product launches, acquisitions, and partnerships.
Summary
Ultralife Corporation is a specialized provider of batteries and communication systems, with a strong presence in the military and medical sectors. Its strengths include high-quality products and established customer relationships. However, it faces competition from larger companies and dependence on specific industries. Future growth depends on expanding into new markets and applications.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- SEC Filings
- Industry Reports
- Financial News Outlets
Disclaimers:
This analysis is based on publicly available information and is for informational purposes only. It does not constitute investment advice. Market share data is estimated and may not be precise.
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 671 | |
Full time employees 671 |
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 amplifier-adaptors, 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, Lithium Power, McDowell Research, AMTI, ABLE, ACCUTRONICS, ACCUPRO, ENTELLION, SWE Southwest Electronic Energy Group, SWE SEASAFE, Excell Battery Group, Criterion Gauge, and POW-R BMS 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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