Ultralife Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2020
July 30, 2020 at 07:04 am EDT
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Ultralife Corporation announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced sales was USD 28.560 million compared to USD 29.397 million a year ago. Operating income was USD 2.294 million compared to USD 3.042 million a year ago. Net income was USD 1.658 million compared to USD 2.256 million a year ago. Basic earnings per share from continuing operations was USD 0.1 compared to USD 0.14 a year ago. For the half year, sales was USD 54.374 million compared to USD 48.279 million a year ago. Operating income was USD 3.779 million compared to USD 3.590 million a year ago. Net income was USD 2.717 million compared to USD 2.681 million a year ago. Basic earnings per share from continuing operations was USD 0.17 compared to USD 0.17 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.
ULTRALIFE CORPORATION 
