Ultralife corp (ULBI)
Income statement / TTM
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

113,727

106,795

96,699

89,536

83,003

87,190

88,773

0

89,490

0

86,565

85,531

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82,460

80,086

79,499

78,083

76,427

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of products sold

80,312

75,630

69,179

63,836

59,618

61,607

62,034

0

62,537

0

59,941

59,299

58,474

57,316

58,069

57,352

56,234

55,744

54,369

53,111

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

87,928

93,748

95,175

101,657

101,894

110,917

135,323

135,737

157,043

155,486

0

0

0

Cost of products sold

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

61,449

65,177

66,659

72,927

73,758

81,640

98,953

101,546

116,584

115,381

0

0

0

Gross profit

33,415

31,165

27,520

25,700

23,385

25,583

26,739

0

26,953

0

26,624

26,232

26,172

25,914

25,593

25,108

23,852

23,755

23,714

23,316

24,083

22,669

21,022

19,350

18,626

20,267

20,577

22,621

26,479

28,571

28,516

28,730

28,136

29,277

36,370

34,191

40,459

40,105

0

0

0

Operating expenses:
Research and development

7,317

6,805

5,742

4,812

4,443

4,508

4,477

0

4,733

0

4,700

4,737

5,186

5,188

5,428

5,946

6,124

5,991

5,900

5,603

5,240

5,030

5,256

5,333

5,413

5,817

5,926

5,859

5,967

6,145

6,446

7,216

7,385

8,083

8,227

8,593

9,503

9,092

0

0

0

Selling, general and administrative

17,793

16,992

15,815

14,731

14,195

14,520

14,724

0

14,919

0

14,933

15,019

14,916

14,781

15,043

15,399

14,941

14,942

14,674

14,233

14,999

15,023

15,291

15,460

15,465

15,995

16,746

17,386

19,006

19,818

20,520

21,628

21,452

22,104

23,084

23,186

24,259

24,875

0

0

0

Total operating expenses

25,110

23,797

21,557

19,543

18,638

19,028

19,201

0

19,652

0

19,633

19,756

20,102

19,969

20,471

21,345

21,215

21,083

20,724

19,986

20,239

20,053

20,547

20,793

20,878

21,812

22,672

23,245

24,973

25,963

26,966

28,844

28,837

30,187

31,311

31,779

33,762

33,967

0

0

0

Operating income

8,305

7,368

5,963

6,157

4,747

6,555

7,538

0

7,301

0

6,991

6,476

6,070

5,945

5,122

3,763

2,637

2,672

2,990

3,330

3,844

2,616

475

-1,443

-2,252

-1,545

-2,095

-624

1,506

2,608

1,550

-114

-701

-910

5,059

2,412

6,697

6,138

0

0

0

Other (expense) income:
Interest Income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

13

24

34

46

39

27

15

5

4

5

6

5

5

0

0

0

-

-

Interest and financing expense

708

539

335

128

35

63

103

0

128

0

148

183

196

208

229

263

266

281

283

248

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Miscellaneous

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and financing expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

323

354

426

440

431

460

507

559

686

775

0

0

0

Miscellaneous income (expense)

77

-58

118

92

168

121

0

0

-21

0

-

-

0

0

-

80

72

122

176

65

14

-214

-260

-154

-123

27

-17

-26

-72

-79

-101

-24

-151

-87

-76

171

775

602

0

0

0

Total other expense

0

-

0

0

0

-

0

0

-

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Operating Income (Expense), Net, Total

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income taxes

7,674

6,771

5,746

6,121

4,880

6,613

7,531

0

7,215

0

6,770

6,295

5,854

5,757

4,959

3,580

2,445

2,515

2,885

3,150

3,599

2,155

-9

-1,802

-2,543

-1,686

-2,270

-849

0

0

0

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations before income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-574

-1,278

-1,451

4,481

2,029

6,790

5,967

0

0

0

Income tax provision - current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

539

285

232

107

32

285

246

0

0

0

Income tax provision - deferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

334

334

406

448

294

278

0

0

0

Income tax provision

1,735

1,457

-17,663

-17,802

-18,400

-18,386

-1,520

0

-1,502

0

-1,401

-1,369

255

243

97

98

211

249

287

310

403

333

319

268

281

205

201

239

310

497

0

-

0

0

-

-

-

-

0

0

0

Total income taxes provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

Net income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,070

-2,824

-1,891

-2,471

-1,088

886

1,747

467

-1,128

-1,897

-2,017

3,968

1,549

6,211

5,443

0

0

0

(Loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-501

665

469

-1,905

-3,687

-5,640

-6,207

0

0

0

Income (loss) from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Net income

5,939

5,314

23,409

23,923

23,280

24,999

9,051

0

8,717

0

8,171

7,664

5,599

5,514

4,862

3,482

2,234

2,266

2,598

2,840

3,196

1,822

-328

-2,131

-2,916

-1,968

-2,668

-960

366

1,412

301

-1,629

-1,232

-1,548

2,063

-2,138

571

-764

0

0

0

Net income attributable to non-controlling interest

100

109

86

90

76

69

64

0

40

0

27

16

7

1

-3

-27

-31

-27

-37

-29

-25

-29

-31

-15

-16

-35

-22

-34

-42

-40

0

-

0

0

-

-58

-67

-59

0

0

0

Net income attributable to Ultralife Corporation

5,839

5,205

23,323

23,833

23,204

24,930

8,987

0

8,677

0

8,144

7,648

5,592

5,513

4,865

3,509

2,265

2,293

2,635

2,869

3,221

1,851

-297

-2,116

-2,900

-1,933

-2,646

-926

397

1,432

338

-1,598

-1,182

-1,498

2,108

-2,080

638

-705

0

0

0

Other comprehensive (loss) gain:
Foreign currency translation adjustments

-987

255

-999

-767

-1,492

-1,175

-585

0

291

0

1,962

1,469

334

-719

-1,635

-2,173

-1,471

-1,207

-741

-440

-300

78

103

147

117

120

199

6

499

263

90

365

-100

164

0

-

0

0

-

-

-

Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

Comprehensive income attributable to Ultralife Corporation

4,852

5,460

22,324

23,066

21,712

23,755

8,402

0

8,968

0

10,106

9,117

5,926

4,794

3,230

1,336

794

1,086

1,894

2,429

2,921

1,929

-194

-1,969

-2,783

-1,813

-2,447

-920

896

1,695

428

-1,233

-1,254

-1,385

2,306

-1,803

0

0

0

-

-

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