Ultralife corp (ULBI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenues

25,814

31,023

27,493

29,397

18,882

20,927

20,330

22,864

22,864

23,069

23,069

22,510

21,047

19,939

22,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,625

19,631

20,371

20,833

19,251

19,044

18,955

19,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold

18,480

21,668

19,632

20,532

13,798

15,217

14,289

16,314

16,314

15,787

15,787

15,644

14,792

13,718

15,145

14,819

13,634

14,471

14,428

13,701

13,144

13,096

13,170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,062

15,199

15,285

-

20,361

17,279

21,019

29,269

26,181

18,706

27,501

29,506

35,204

43,112

27,915

50,812

33,647

Cost of products sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,576

10,987

10,950

-

14,234

12,757

14,640

19,818

17,962

14,239

20,908

20,649

25,844

31,552

23,501

35,687

24,641

Gross profit

7,334

9,355

7,861

8,865

5,084

5,710

6,041

6,550

6,550

7,282

7,282

6,866

6,255

6,221

6,890

6,806

5,997

5,900

6,405

5,550

5,900

5,859

6,007

6,317

4,486

4,212

4,335

5,593

6,127

4,522

6,379

9,451

8,219

4,467

6,593

8,857

9,360

11,560

4,414

15,125

9,006

Operating expenses:
Research and development

1,548

2,153

2,029

1,587

1,036

1,090

1,099

1,218

1,218

1,101

1,101

1,059

1,355

1,185

1,138

1,508

1,357

1,425

1,656

1,686

1,224

1,334

1,359

1,323

1,014

1,560

1,436

1,403

1,418

1,669

1,369

1,511

1,596

1,970

2,139

1,680

2,294

2,114

2,505

2,590

1,883

Selling, general and administrative

4,301

4,730

4,526

4,236

3,500

3,553

3,442

3,700

3,700

3,825

3,825

3,757

3,637

3,714

3,911

3,654

3,502

3,976

4,267

3,196

3,503

3,708

3,826

3,962

3,527

3,976

3,995

3,967

4,057

4,727

4,635

5,587

4,869

5,429

5,743

5,411

5,521

6,409

5,845

6,484

6,137

Total operating expenses

5,849

6,883

6,555

5,823

4,536

4,643

4,541

4,918

4,918

4,926

4,926

4,816

4,992

4,899

5,049

5,162

4,859

5,401

5,923

5,032

4,727

5,042

5,185

5,285

4,541

5,536

5,431

5,370

5,475

6,396

6,004

7,098

6,465

7,399

7,882

7,091

7,815

8,523

8,350

9,074

8,020

Operating income

1,485

2,472

1,306

3,042

548

1,067

1,500

1,632

1,632

2,356

2,356

2,050

1,263

1,322

1,841

1,644

1,138

499

482

518

1,173

817

822

1,032

-55

-1,324

-1,096

223

652

-1,874

375

2,353

1,754

-2,932

-1,289

1,766

1,545

3,037

-3,936

6,051

986

Other (expense) income:
Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

3

0

9

12

13

12

2

0

1

2

1

1

2

1

1

-

-

Interest and financing expense

174

200

220

114

5

-4

13

21

21

33

33

36

38

41

68

49

50

62

102

52

65

64

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous

-

-

-

-

-

-

-

-

-

-

100

-

-

-

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and financing expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56

41

56

-

66

43

90

124

97

115

104

115

126

162

156

242

215

Miscellaneous income (expense)

82

-96

60

31

-53

80

34

107

107

-100

-

-

-20

-8

-

33

20

38

-11

25

70

92

-122

-26

-158

46

-16

5

-8

2

-25

-41

-15

-20

52

-168

49

-9

299

436

-124

Total other expense

-92

-

-160

-83

-58

-

21

86

-

-133

-133

-

-

-

-93

-

-

-

-113

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Income (Expense), Net, Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

1,393

2,176

1,146

2,959

490

1,151

1,521

1,718

1,718

2,223

2,223

2,069

1,205

1,273

1,748

1,628

1,108

475

369

493

1,178

845

634

942

-266

-1,319

-1,159

201

591

-1,903

262

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,188

1,643

-3,065

-1,340

1,484

1,470

2,867

-3,792

6,245

647

Income tax provision - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152

120

188

79

-102

67

63

4

151

28

Income tax provision - deferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

55

-17

12

284

55

55

54

130

39

Income tax provision

319

515

225

676

41

-18,605

86

78

78

55

55

-1,739

104

179

87

-115

92

33

88

-2

130

71

111

91

60

57

60

104

-16

53

98

-

175

171

-

-

-

-

58

281

67

Total income taxes provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

-

122

118

-

-

-

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

851

-326

-1,376

-1,219

97

607

-1,956

164

2,071

1,468

-3,236

-1,431

1,302

1,348

2,749

-3,850

5,964

580

(Loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-679

200

49

-71

487

4

-2,325

-1,853

-1,466

-563

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-61

-

15

-120

264

-

-

-

-

-

-

-

-

-

-

Net income

1,074

1,661

921

2,283

449

19,756

1,435

1,639

1,640

2,168

2,168

3,808

1,101

1,094

1,661

1,743

1,016

442

281

495

1,048

774

523

851

-326

-1,376

-1,280

66

622

-2,076

428

1,392

1,668

-3,187

-1,502

1,789

1,352

424

-5,703

4,498

17

Net income attributable to non-controlling interest

15

35

23

27

24

12

27

13

13

17

17

7

3

0

6

-2

-3

-4

-18

-6

1

-14

-10

-2

-3

-16

6

-3

-22

-3

-6

-

-11

-20

-

-19

-11

-15

-13

-28

-3

Net income attributable to Ultralife Corporation

1,059

1,626

898

2,256

425

19,744

1,408

1,627

1,627

2,151

2,151

3,801

1,098

1,094

1,655

1,745

1,019

446

299

501

1,047

788

533

853

-323

-1,360

-1,286

69

644

-2,073

434

1,392

1,679

-3,167

-1,502

1,808

1,363

439

-5,690

4,526

20

Other comprehensive (loss) gain:
Foreign currency translation adjustments

-807

940

-668

-452

435

-314

-436

-1,177

-1,177

752

752

276

440

494

259

-859

-613

-422

-279

-157

-349

44

22

-17

29

69

66

-47

32

148

-127

446

-204

-25

148

-

-19

60

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-227

-

-

Comprehensive income attributable to Ultralife Corporation

252

2,566

230

1,804

860

19,430

972

450

450

2,903

2,903

4,077

1,538

1,588

1,914

886

406

24

20

344

698

832

555

836

-294

-1,291

-1,220

22

676

-1,925

307

1,838

1,475

-3,192

-1,354

1,817

1,344

499

-5,463

-

-

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.05

-0.02

-0.08

-0.07

0.01

0.03

-0.11

0.01

0.11

0.09

-0.18

-0.08

0.07

0.08

0.16

-0.22

0.35

0.03

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

0.00

0.00

0.00

0.00

0.00

-0.01

0.02

-0.03

0.01

0.00

-0.01

0.03

0.00

-0.13

-0.11

-0.09

-0.03

Net income per share attributable to Ultralife common shareholders – basic (in dollars per share)

0.07

0.10

0.06

0.14

0.03

1.24

0.09

0.10

0.10

0.14

0.14

0.24

0.07

0.07

0.11

0.11

0.07

0.03

0.02

0.03

0.07

0.05

0.03

0.05

-0.02

-0.08

-0.07

-0.11

0.16

-0.12

0.02

0.08

0.10

-0.18

-0.09

0.10

0.08

0.03

-0.33

0.26

0.00

Net income per share attributable to Ultralife common shareholders – diluted (in dollars per share)

0.07

0.09

0.06

0.14

0.03

1.21

0.09

0.10

0.10

0.13

0.13

0.23

0.07

0.07

0.11

0.11

0.07

0.03

0.02

0.02

0.07

0.05

0.03

-

-

-0.08

-

-

0.04

-

0.02

0.08

0.10

-0.18

-0.09

0.10

0.08

0.03

-0.33

0.26

0.00

Continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.08

-

-

0.04

-

0.01

0.11

0.09

-0.18

-0.08

0.07

0.08

0.16

-0.22

0.35

0.03

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0.00

-

-

0.00

-

0.02

-0.03

0.01

0.00

-0.01

0.03

0.00

-0.13

-0.11

-0.09

-0.03

Weighted average shares outstanding – basic (in shares)

15,875

15,865

15,785

15,742

15,740

31,856

15,952

15,922

15

15,704

15,704

-15,380

15

15

15,412

15,256

15,207

15,258

15,323

-49,471

15,633

16,557

17,346

17,364

17,490

17,533

17,513

69,807

17

17

17

17,440

17,418

17,396

17,358

17,331

17,313

17,296

17,276

17,225

17,164

Potential common shares (in shares)

212

-

377

451

485

-

571

598

0

498

498

-

0

0

244

-

91

161

343

-

107

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Potential common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding - diluted (in shares)

16,087

16,136

16,162

16,193

16,225

32,646

16,523

16,520

16

16,202

16,202

-15,624

15

15

15,656

15,237

15,298

15,419

15,666

-49,625

15,740

16,597

17,354

-

-

-

-

-

-

-

17

17,440

17,418

17,396

17,358

17,419

17,341

17,308

17,276

17,449

17,169