ULBI$15.620.00%
Ultralife Corp.
Sector: Miscellaneous Electrical Machinery, Equipment & SuppliesIndustry: Electrical Equipment & PartsCountry: USExchange: Nasdaq
Mkt Cap:$260.3M
Float & O/S:9.63M / 16.66M
Inst Own:32.1%
DilutionScan read 16 of ULTRALIFE CORP's SEC filings and found 2 shelf registrations on file for ULBI. The latest dilution event on file is a registration statement on May 7, 2024. Analysis updated Oct 28, 2026.
Signal8 Summary
ULBI
Pending acquisition by EnerSys at $16/share
- Business
- MixedRevenue +16% but FY25 net loss $5.9M, debt $47.5M vs cash $6.7M
- Stock risk
- Elevated$106M micro-cap, deal pending tender and regulatory approval
Snapshot
Ultralife is a small defense-and-power-systems maker whose FY 2025 revenue grew 16.2% to $191.2M, yet the company posted a net loss of $5.9M despite positive operating income of $9.2M, a gap driven mainly by $4.0M of interest expense on $47.5M of debt against just $6.7M in cash.
What's Happening Right Now
- : On Oct 27, 2026, Ultralife agreed to be acquired by EnerSys for $16.00 per share in cash, a 166% premium to the prior closing price, valuing the deal at roughly $320 million including assumed debt; the all-cash tender offer is funded from EnerSys cash on hand and is expected to close in Q1 2027 pending shareholder tender and regulatory approvals.
- : On Sep 25, 2026, Ultralife was upgraded to Neutral, with the analyst citing record backlog, product commercialization and manufacturing improvements.
- : On Aug 7, 2026, Ultralife reported Q2 2026 revenue of $47.9 million (down 1.3% YoY) but gross margin expanded 500 basis points to 28.9% and GAAP EPS tripled to $0.15, with backlog rising to a record $117.5 million.
- : Registered $100.00M of securities for sale on Form S-3.
