The sharp decline in Communications Systems and one-time charges make near-term GAAP results misleading; focus on the 48% increase in adjusted EBITDA and 22% backlog growth as better indicators of operational improvement. Monitor 2026 revenue conversion and margin trends to confirm turnaround.
Price Chart
Executive Summary
Ultralife Corporation reported Q4 2025 revenue growth of 10.6% to $48.5 million, driven by strong performance in Battery & Energy Products, but posted a net loss of $7.4 million due to a $12.2 million non-cash intangible asset impairment charge related to a rebranding initiative. Adjusted EBITDA improved 48% to $5.7 million, and backlog surged 22% to $110.2 million, signaling strong future demand.
Key Financial Metrics
Key Facts
- Q4 2025 revenue: $48.5 million (+10.6% YoY)
- GAAP net loss: $7.4 million vs. $0.2 million profit in Q4 2024
- GAAP EPS: ($0.45) vs. $0.01 in prior year
- $12.2 million non-cash impairment charge due to rebranding (retiring Accutronics, Southwest Electronic Energy, and other sub-brands)
- Adjusted EBITDA: $5.7 million (+48% YoY), margin expanded to 11.7% of sales
- Backlog increased to $110.2 million (+22% QoQ)
- Battery & Energy Products sales up 15.1%; Communications Systems down 35.2%
- Company expects improved operational efficiency and profitable growth in 2026
Financial Impact
Revenue up $4.6 million YoY, but $12.2 million non-cash impairment drove operating loss. Adjusted EBITDA increased by $1.8 million. Backlog growth suggests revenue momentum into 2026.
Risk Factors
- Communications Systems segment declined 35.2% — may indicate structural weakness
- Impairment charge reflects abandonment of acquired brands, raising questions about past M&A ROI
- Forward guidance is qualitative — no specific 2026 financial targets provided
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3252598 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 7, 2026 11w ago | 8-K | $6.94 | awaiting T+60 | — | $6.17 (−11.10%) |
Jul 30, 2026 12w ago | Press Release | $5.16 $6.07 | ▲ +17.64% | ▲ +15.17% | $6.17 (+19.57%) |
Jun 2, 2026 20w ago | DEFA14A | $7.11 $6.56 | ▼ −7.74% | ▼ −8.85% | $6.17 (−13.22%) |
May 8, 2026 24w ago | 8-K | $5.97 $5.48 | ▲ +8.21% | ▲ +13.05% | $6.17 (−3.35%) |
May 8, 2026 24w ago | Press Release | $5.97 $5.48 | ▲ +8.21% | ▲ +13.05% | $6.17 (−3.35%) |
May 1, 2026 25w ago | Press Release | $6.62 $5.30 | ▼ −19.94% | ▼ −21.80% | $6.17 (−6.80%) |
Apr 29, 2026 25w ago | 10-K/A | $6.88 $5.30 | ▼ −22.97% | ▼ −27.08% | $6.17 (−10.32%) |
Mar 12, 2026 32w ago | Insider Cluster | $6.06 $6.69 | ▲ +10.40% | ▼ −0.30% | $6.17 (+1.82%) |
Mar 10, 2026 32w ago | 8-K | $5.88 $6.91 | ▲ +17.52% | ▲ +6.00% | $6.17 (+4.93%) |
Mar 10, 2026 33w ago | Press Release | $5.73 $6.91 | ▲ +20.59% | ▲ +8.91% | $6.17 (+7.68%) |
US Market Status
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