Ultralife Corporation Reports Fourth Quarter Results

by: , Atlantic Wire
February 17, 2011

Category: Syndicated Industry News | RSS 2.0

NEWARK, N.Y.–(BUSINESS WIRE)–Ultralife Corporation (NASDAQ: ULBI) reported operating income of $1.9 million, excluding a previously disclosed $13.8 million non-cash asset impairment charge, on revenue of $49.8 million for the quarter ended December 31, 2010. For the fourth quarter of 2009, the company reported operating income of $1.6 million on revenue of $50.4 million. Gross profit for the fourth quarter of 2010 was $12.5 million, or 25.2% of revenue, compared to $11.9 million, or 23.7% of r

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