Ultralife Corporation Reports First Quarter Results
Our total backlog exiting the 2024 first quarter was $97.4 million.
- Our total backlog exiting the 2024 first quarter was $97.4 million.
- Gross profit was $11.5 million, or 27.4% of revenue, compared to $7.4 million, or 23.3% of revenue, for the same quarter a year ago.
- Operating results for the first quarter of 2023 were negatively impacted by the January 25, 2023 cybersecurity attack.
- See the “Non-GAAP Financial Measures” section of this release for a reconciliation of adjusted EBITDA to net income attributable to Ultralife Corporation and adjusted EPS to EPS.