Key Developments: Ultralife Corp (ULBI.OQ)
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1 Aug 2013
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$3.48
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Latest Key Developments (Source: Significant Developments)
Ultralife Corp Lowers Prior FY 2013 Revenue Guidance
Ultralife Corp announced that for fiscal 2013, it expects an overall year over year revenue decline in the range of 10% to 12%. Full Article
Ultralife Corp Reiterates FY 2013 Guidance
Ultralife Corp reiterated its outlook for fiscal 2013 and continues to expect low- to mid-single digit revenue growth reflecting strong growth in Communications Systems sales and modest gains in the Battery & Energy Products business, despite continued constraints on U.S. government spending. Based on this outlook for revenue growth, ongoing productivity improvements and plans to continue prudently investing in new product development, management expects to increase operating profitability for the year and to generate a mid-single digit operating margin. Full Article
Ultralife Corp Comments On FY 2013 Guidance
Ultralife Corp announced that for fiscal 2013, it expects low- to mid-single digit organic revenue growth and to increase operating profitability. Full Article
Ultralife Corp Reaffirms FY 2012 Guidance
Ultralife Corp reaffirmed outlook for fiscal 2012 and expects year-over-year total sales to decline by between 20% and 30%. The magnitude of the first half operating loss is expected to result in a total year operating loss. The Company reported revenue of $139.39 million in fiscal 2011. Full Article
Ultralife Corp. Reaffirms FY 2012 Revenue Guidance; Comments On H2, FY 2012 Operating Profit Guidance
Ultralife Corp. announced that for fiscal 2012, management continues to expect high-single to low-double digit year-over-year revenue growth for its Communication Systems segment and China operations. However, given the continued softness in the Battery & Energy Products segment, the Company's largest segment, management expects year-over-year total sales to decline by between 20% and 30%. Having taken actions to reduce spending and align capacity, management believes that a return to operating profitability for the second half of 2012 is achievable with operating margin in the low- to mid-single digits. The magnitude of the first half operating loss is expected to result in a fiscal 2012 operating loss. The Company reported revenue of $139.39 million in fiscal 2011. Full Article
Ultralife Corp. Reaffirms Year-Over-Year Guidance
Ultralife Corp. confirmed its previous guidance of year-over-year revenue growth approaching double digits with operating income (EBIT) growth expected to outpace revenue. Full Article
Ultralife Corp. Comments On FY 2012 Revenue Guidance
Ultralife Corp. announced that for fiscal 2012, it expects year over year percentage revenue growth approaching double digits. The Company reported revenue of $139.4 million in fiscal 2011. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $160 million for fiscal 2012. Full Article
Ultralife Corp. Receives International Communications Systems Contract
Ultralife Corp. announced that it has received a contract to supply 2,319 of its A-320 amplifier systems to a international defense contractor. Due to the sensitive nature of this contract, the Company is not able to disclose the total value of the contract. Deliveries will commence in the first half of 2012. Full Article
Arista Power, Inc. Files Lawsuit Against Ultralife Corp. Seeking Damages in Excess of $60 Million
Arista Power, Inc. announced that it has filed a lawsuit against Ultralife Corporation (Ultralife) and certain of its officers, directors and employees alleging, among other things, Fraud, Unfair Competition, Misappropriation of Trade Secrets and Breach of Contract. The lawsuit, which was filed in the State of New York Supreme Court, County of Monroe, alleges that in November 2009, certain Ultralife officers signed Confidentiality Agreements and visited the headquarters of Arista Power to determine whether Ultralife would be interested in working together with Arista Power on Arista Power's Mobile Renewable Energy Trailer ("MRPS"). Full Article
Ultralife Corp. Lowers FY 2011 Guidance
Ultralife Corp. revised its guidance for fiscal 2011 and now expects total revenue of approximately $150.0 million and operating income of approximately $5.5 million, including the impact of the third quarter $1.1 million non-cash write-off. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $163 million and operating profit of $5.50 million for fiscal 2011. Full Article
Ultralife makes battery for beacon eyed in 787 probe: source
WASHINGTON - Ultralife Corp makes the lithium-manganese battery that powers the emergency transmitter that is being investigated as a possible cause of last week's fire on a Boeing 787 in London, a source familiar with the investigation said on Monday.

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