Ultralife Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:00 am EDT
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Ultralife Corporation reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 42.69 million compared to USD 32.13 million a year ago. Net income was USD 3.34 million compared to USD 0.512 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 0.03 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 0.03 a year ago.
For the six months, revenue was USD 74.61 million compared to USD 62.5 million a year ago. Net income was USD 2.99 million compared to USD 0.344 million a year ago. Basic earnings per share from continuing operations was USD 0.19 compared to USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 0.19 compared to USD 0.02 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 
