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Ultralife Corp. Reaffirms FY 2012 Revenue Guidance; Comments On H2, FY 2012 Operating Profit Guidance

Thursday, 2 Aug 2012 07:00am EDT 

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. 

Company Quote

0.18 +4.90%
10 Jul 2014