Ultralife Corporation (ULBI) Earnings Call Transcripts
Ultralife Corporation's Latest Earnings Call - Q1 FY2026
In the first quarter of fiscal 2026, Ultralife Corporation reported revenues of $47.4 million, down from $50.7 million in Q1 2025, reflecting a challenging start to the year. The company incurred a net loss of $0.5 million or $0.03 per share, compared to a profit of $1.9 million or $0.11 per share in the prior year. Management highlighted a record backlog of $115.1 million, signaling potential for future revenue growth, although they acknowledged ongoing challenges in the Communication Systems segment, which saw a 25.7% decline in revenue.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $47.4 million (miss) |
| Net Loss | $0.5 million (miss) |
| EPS | $-0.03 (miss) |
| Gross Margin | 21.3% (miss) |
| Backlog | $115.1 million (positive) |
| Operating Loss | $0.2 million (miss) |
Guidance from management
Management signaled a focus on improving revenue capture in the Communication Systems business and enhancing gross margins in the Battery & Energy segment. They expect to see improvements as new products are launched and operational efficiencies are realized throughout 2026.
What analysts pressed on
Analysts expressed concerns regarding the significant decline in the Communication Systems revenue and the impact of operational challenges on gross margins. There were questions about the timeline for recovery and the effectiveness of the new leadership in driving improvements.
Main topics on the call
- Record Backlog — Ultralife exited Q1 2026 with a record backlog of $115.1 million, a 21.1% increase year-over-year. Management stated, "We have a growing backlog and product portfolio due to new product releases that we need to support t...
- Revenue Decline — Total revenues decreased by 6.5% year-over-year, primarily due to a 25.7% decline in the Communications Systems segment. CFO Phil Fain noted, "The year-over-year decrease reflects a 5.5% decline in commercial sales attri...
- Operating Loss — Ultralife reported an operating loss of $0.2 million compared to an income of $3.4 million in Q1 2025. This loss was attributed to "lost production days and one-time costs in our Battery & Energy Products segment."
- Gross Margin Pressure — Gross margin declined to 21.3%, down 380 basis points from the prior year. Management indicated that this decline was primarily due to "nonrecurring events resulting in lost production days" and higher energy costs.
Read the full Ultralife Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Ultralife Corporation
Ultralife Corporation (ULBI) is a publicly listed company in the Electrical Equipment industry, within the Industrials sector. It trades on NasdaqGM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 27 calls on record spanning February 6, 2020 to August 7, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 27 Ultralife Corporation earnings call transcripts on record, spanning February 6, 2020 to August 7, 2026. Based on this history, Ultralife Corporation reports quarterly. The most recent call on file is dated August 7, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- ULBI
- Exchange
- NasdaqGM
- Country
- US
- Sector
- Industrials
- Industry
- Electrical Equipment
- Calls on record
- 27
- First call
- February 6, 2020
- Most recent
- August 7, 2026
- Reporting cadence
- quarterly