Ultralife Corporation Reports Earnings Results for the Full Year Ended December 31, 2020
February 04, 2021 at 05:36 pm IST
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Ultralife Corporation announced earnings results for the full year ended December 31, 2020. For the full year, the company announced sales was USD 107.712 million compared to USD 106.795 million a year ago. Operating income was USD 5.701 million compared to USD 7.368 million a year ago. Net income was USD 5.232 million compared to USD 5.205 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.33 a year ago. Diluted earnings per share from continuing operations was USD 0.33 compared to USD 0.32 a year ago.
Ultralife Corporation offers products and services ranging from power solutions to communications and electronics systems to customers across the globe in the government, defense and commercial sectors. The Company's segments include Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes Lithium 9-volt, cylindrical, thin cell and other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes radio frequency (RF) amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design. Its brands include Ultralife, Ultralife HiRate, Ultralife Thin Cell, Ultralife Batteries Inc., Lithium Power, McDowell Research, ACCUTRONICS and ACCUPRO.