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Ultralife (ULBI) investor relations material
Ultralife Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 11.3% YoY to $48.271M; gross margin expanded to 27.5%, and attributable net income was $2.368M versus a year-ago loss of $1.220M.
Adjusted EBITDA increased to $5.636M, or 11.7% of revenue, from $2.048M, or 4.7%, in Q3 2025.
Backlog reached a record $136.0M at quarter-end, versus $117.5M at Q2-end and $90.3M a year earlier.
EnerSys agreed to an all-cash tender offer of $16 per share; closing is expected in Q1 2027, subject to closing conditions.
Financial highlights
Q3 operating income was $3.186M versus a $0.951M loss; operating expenses declined 4.4% to $10.107M, partly reflecting lower prior-year one-time costs.
Q3 gross profit was $13.3M, or 27.5% of revenue, versus $9.6M, or 22.2%, in Q3 2025.
9M revenue was $143.659M, up 0.7% YoY; operating income was $6.408M versus $4.704M, and attributable net income was $4.460M versus $1.524M.
9M adjusted EBITDA was $14.993M versus $11.609M in 9M 2025.
Outlook and guidance
The EnerSys transaction is expected to close in Q1 2027, subject to tender, regulatory and other closing conditions.
Positive operating cash flow and Revolving Credit Facility availability are expected to meet general funding requirements for the foreseeable future.
- Gross margin and adjusted EBITDA rose in Q2 2026, with backlog at a record high.ULBI
Q2 2026 - Annual meeting to vote on directors, auditor ratification, and executive pay proposals.ULBI
Proxy filing - Proxy covers director elections, auditor ratification, compensation, and governance priorities.ULBI
Proxy filing - Revenue and margins declined, but a record $115.1 million backlog and new products support future growth.ULBI
Q1 2026 - Q4 revenue up 10.6% year-over-year; impairment led to net loss, but backlog and new products support 2026 growth.ULBI
Q4 2025 - Revenue rose 21.5% to $43.4 million, but margin pressure and one-time costs drove a quarterly loss.ULBI
Q3 2025 - Q2 revenue up 13% to $48.6M, but margins and net income declined; outlook for H2 is positive.ULBI
Q2 2025 - Record segment sales, margin gains, and major debt reduction highlight Q2 2024.ULBI
Q2 2024 - Q1 2025 revenue up 21% to $50.7M, but net income and margins declined on higher costs.ULBI
Q1 2025
Next Ultralife earnings date
Next Ultralife earnings date
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