Overview

* Ultralife ( ULBI ) Q2 revenue rises 13% yr/yr to $48.6 mln, misses expectations

* GAAP EPS for Q2 falls to $0.05, missing analyst estimates

* Adjusted EBITDA declines to $4.1 mln, below expectations, due to tariffs and mix

Outlook

* Ultralife ( ULBI ) expects Communications Systems business to rebound in second half 2025

* Company anticipates early purchase orders from new battery product programs

* Ultralife ( ULBI ) sees increased demand from medical and oil & gas sectors

* Company expects sustained growth in global defense spending

Result Drivers

* ELECTROCHEM IMPACT - Revenue increase driven by inclusion of Electrochem, offsetting flat organic sales in Battery & Energy Products

* COMMUNICATIONS DECLINE - 57.2% drop in Communications Systems sales due to delayed purchase orders and prior year shipments

* TARIFFS AND MIX - Gross margin affected by tariffs, unfavorable product mix, and lower factory throughput

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Miss $48.56 $51 mln

Revenue mln (1

Analyst)

Q2 EPS Miss $0.05 $0.14 (1

Analyst)

Q2 Net $870,000

Income

Q2 Miss $4.11 $5.60

Adjusted mln mln (1

EBITDA Analyst)

Q2 $9.34

Operatin mln

g

Expenses

Q2 $2.26

Operatin mln

g Income

Q2 $1.11

Pretax mln

Profit

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the electrical components & equipment peer group is "buy"

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)