Ultralife Q2 revenue dips 1.3% gross margin improves on tariff refund
Ultralife Q2 revenue dips 1.3% gross margin improves on tariff refund
Overview
Power solutions and communications systems maker's Q2 revenue fell 1.3% yr/yr to $47.9 mln
Q2 gross margin improved, aided by $1.1 mln tariff refund and favorable sales mix
Adjusted EBITDA for Q2 rose to $6.1 mln from $4.1 mln last year
Outlook
Ultralife expects Communications Systems revenue gains as new products launch later this year
Company anticipates several Battery & Energy Products programs to enter production later this year
Ultralife says multi-year revenue opportunities and margin initiatives support profitable growth outlook for 2026
Result Drivers
GROSS MARGIN IMPROVEMENT - Co attributed Q2 gross margin gains to initiatives addressing manufacturing inefficiencies and favorable sales mix, plus a one-time tariff refund
COMMUNICATIONS SYSTEMS SALES - Communications Systems sales rose 39.3% yr/yr, driven by new products and expansion in government/defense programs
BATTERY & ENERGY PRODUCTS SALES MIX - Battery & Energy Products sales declined due to lower oil & gas and industrial sales, partially offset by higher medical battery sales
Company press release: ID:nGNX1XklyR
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $47.90 mln |
|
Q2 Adjusted EBITDA |
| $6.10 mln |
|
Q2 Operating Expenses |
| $10.40 mln |
|
Q2 Operating Income |
| $3.40 mln |
|
Reuters Recommended Reads
Aug 4 - Battery maker Amprius Q2 revenue more than doubles, beats estimates on drone, e-mobility demand
Aug 6 - Power Solutions International Q2 net sales, profit drop on soft demand in O&G end market, uneven orders
Aug 5 - US refunds $100 billion in tariffs struck down by Supreme Court, filing shows
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)