ULBI

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"Customers include General Dynamics, General Motors, Energizer, Radio Shack and the national defense agencies of the United States, United Kingdom, Germany, Australia and New Zealand, among others.  
   
   
Approximate Financial Snapshot as of 11/7/07
Shares Outstanding 15.23M
52 Wk Hi/Lo 15.05/

7.98

Market Cap $213.4M
Recent Price $14.01

 

 

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11/7/07

Ultralife Batteries (ULBI)

Website: www.ulbi.com

A global provider of high-energy power solutions, communications accessories, and engineering and technical services for diverse applications.


Overview

Ultralife Batteries (Nasdaq: ULBI) is a global provider of high-energy power solutions, communications accessories, and engineering and technical services for diverse applications. 

The Company develops, manufactures, and markets a range of non-rechargeable and rechargeable batteries, charging systems, and communications accessories for use in military, industrial, and consumer portable electronic products.  It operates in four segments: Non-Rechargeable Products, Rechargeable Products, Communications Accessories, and Technology Contracts.

The Non-Rechargeable Products segment offers lithium-manganese dioxide nonrechargeable batteries that include 9-volt batteries for use in smoke alarms, wireless security systems, and intensive care monitors; and HiRate cylindrical and Thin Cell lithium nonrechargeable batteries for use in radios, automotive telematics, emergency radio beacons, search and rescue transponders, pipeline inspection gauges, portable medical devices, and other instruments and applications. It also provides magnesium silver-chloride seawater-activated batteries for certain marine applications. 

The Rechargeable Products segment offers a range of lithium polymer and lithium ion rechargeable batteries, as well as rugged military and commercial battery charging systems and accessories, including smart chargers, multi-bay charging systems, and cables. 

The Communications Accessories segment provides power supplies, RF amplifiers, battery chargers, amplified speakers, equipment mounts, case equipment, and integrated communication systems. 

The Technology Contracts segment develops applications for its products and technologies through contracts with government agencies and third parties. The company operates in the United States, Europe, the People's Republic of China, Hong Kong, Japan, Singapore, and Canada. Ultralife Batteries sells its products directly, as well as through sales agents, distributors, and retailers. 

Ultralife Batteries, Inc. was incorporated in 1990. The Company's founders, among the original pioneers of the lithium battery industry, sought to develop and commercialize new, more advanced power technologies.


ULBI Investor Highlights

  • Customers include General Dynamics, Philips Medical Systems, General Motors, Energizer, Kidde Safety, Lowe's, Radio Shack and the national defense agencies of the United States, United Kingdom, Germany, Australia and New Zealand, among others.
  • No other power solutions manufacturer produces and markets primary (9-Volt, HiRate® Cylindrical and Thin Cell®) lithium batteries, lithium ion and lithium polymer rechargeable batteries as well as chargers and communications accessories. 
  • Reported revenue of $33.3 million for its third quarter of 2007, an increase of 40% compared with $23.7 million reported in the same three-month period in 2006. Operating income was $0.2 million compared with a $2.1 million operating loss a year ago.
  • For the nine-month period ended 9/29/07, revenue was $100.8 million, an increase of 59% when compared with revenue of $63.4 million for the same period a year ago. 
  • Net income for the first nine months of 2007 was $1.1 million, or $0.07 per share, compared to a net loss of $1.4 million, or $0.10 per share, for the same period last year.
  • Management is projecting revenue of approximately $41 million to $44 million for its fourth quarter ending 12/31/07.

Recent News and Press Releases

Ultralife Announces Joint Venture to Establish Local Presence in India

Ultralife Receives $4.4 Million in Military Battery Orders

Ultralife Receives $7 Million Contract from UK Defense Prime Contractor

Ultralife Forms Technology Partnership with Mississippi State University to Develop Fuel Cell-Battery Portable Power Systems

Ultralife Receives $40 Million Follow-On Order to Supply Advanced Military Communications Systems

Ultralife Receives $62 Million Order to Supply Advanced Military Communications Systems

Ultralife Reports Third Quarter Results

Ultralife Batteries to buy power management services firm

Ultralife to Acquire Stationary Power Services, Inc.

Ultralife Batteries Completes Acquisition of Innovative Solutions Consulting, Inc.

Ultralife Receives U.S. Air Force Orders Totaling $2.3 Million

Ultralife Receives $24 Million Contract

For the latest Quote and News on ULBI Click Here.


Three Month Chart

 


Contacts

Ultralife Batteries Inc.
2000 Technology Parkway
Newark, NY 14513
Phone: 315-332-7100
Fax: 315-332-7800


SEC Filings

ULBI filings with the SEC can be found here. All Fillings are current and the Company is fully reporting.


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