Ultralife Reports Q1 GAAP EPS of -$0.03 amid a 6.5% year-over-year revenue decline and lower gross margins.
Ultralife Corporation reported a first-quarter GAAP loss of $0.03 per share on revenue of $47.4 million, down 6.5% from the same period last year. The company cited lower sales volume and reduced gross margins as key factors in the decline.
Gross profit fell to $10.1 million, or 21.3% of revenue, compared to $12.7 million, or 25.1%, in the prior-year quarter. Operating loss totaled $0.2 million, including $1.7 million in one-time costs, versus a $3.4 million operating income in Q1 2025.
The results reflect ongoing challenges in demand and cost pressures, though management did not provide forward guidance in the release.