Ultralife Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 02, 2023 at 07:00 am EST
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Ultralife Corporation reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported revenue was USD 36.11 million compared to USD 23.76 million a year ago. Net loss was USD 0.224 million compared to USD 1.13 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.07 a year ago.
For the full year, revenue was USD 131.84 million compared to USD 98.27 million a year ago. Net loss was USD 0.119 million compared to USD 0.234 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.01 a year ago.
Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government, defense and commercial sectors. The Company's segments include Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, thin cell and other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes radio frequency (RF) amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design. Its brands include Ultralife, Ultralife HiRate, Ultralife Thin Cell, Ultralife Batteries Inc., Lithium Power, McDowell Research, ACCUTRONICS and ACCUPRO.
ULTRALIFE CORPORATION 
