Q3 2025 Ultralife Corp Earnings Call Transcript
Key Points
- Ultralife Corp (ULBI) reported Q3 sales of $43.4 million, showing year-over-year revenue growth.
- The company has completed the transition of Electrochem, which is expected to broaden their market in areas such as pipeline inspection and seismic telemetry.
- Ultralife Corp (ULBI) has initiated a company-wide rebranding initiative to enhance global market identity and reduce redundancy.
- The company has a strong sales opportunity pipeline, with a total backlog of $90.1 million, a 6.5% increase over the previous quarter.
- Ultralife Corp (ULBI) is investing in new product development, including ruggedized server cases and high-performance amplifiers, to drive future growth.
- Ultralife Corp (ULBI) reported an operating loss of $1 million for Q3, including a one-time adjustment of $1.1 million.
- The company faced challenges with gross margin due to supply chain quality issues affecting product mix and line efficiencies.
- Operating expenses increased by 29.4% year-over-year, partly due to nonrecurring costs related to facility closures and litigation.
- The company reported a net loss of $1.2 million or $0.07 per share, compared to a net income of $0.3 million in the previous year.
- Gross margin declined by 210 basis points year-over-year, primarily due to manufacturing inefficiencies and sales mix changes.
Good day, and thank you for standing by. Welcome to the Ultralife Corporation third-quarter 2025 results call. (Operator Instructions)
I would now like to hand the conference over to your first speaker today, Jody Burfening. Please go ahead.
Thank you, Latanya, and good morning, everyone, and thank you for joining us this morning for Ultralife Corporation's earnings conference call for the third quarter of fiscal 2025. With us on today's call are Mike Manna, Ultralife's President and CEO; and Philip Fain, Ultralife's Chief Financial Officer.
The earnings press release was issued earlier this morning. And if anyone has not yet received a copy, I invite you to visit the company's website, www.ultralifecorp.com, where you'll find the release under Investor News in the Investor Relations section. Before turning the call over to management, I would like to remind everyone that some statements made during this conference
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