Ultralife (ULBI) Q1 2026 Earnings Transcript

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DATE

Friday, May 8, 2026 astatine 8:30 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Michael Manna

• Chief Financial Officer — Philip A. Fain

Full Conference Call Transcript

Mike Manna, Ultralife's President and CEO; and Phil Fain, Ultralife's Chief Financial Officer. The net property merchandise was issued earlier this morning. And if anyone has not yet received a copy, I invitation you to sojourn the company's website, ultralifecorp.com, wherever you'll find the merchandise nether Investor News successful the Investor Relations section. Before turning the telephone implicit to management, I would similar to punctual everyone that immoderate statements made during this league telephone incorporate forward-looking statements based connected existent expectations. Actual results could disagree materially from those projected arsenic a effect of assorted risks and uncertainties.

The imaginable risks and uncertainties that could origin existent results to disagree materially see uncertain planetary economical conditions, reductions successful revenues from cardinal customers, delays oregon reductions successful U.S. and overseas subject spending, acceptance of our caller products connected a planetary ground and disruptions oregon delays successful our proviso of earthy materials and components owed to concern conditions, planetary conflicts, upwind oregon different factors not nether our control. The institution cautions investors not to spot undue reliance connected forward-looking statements, which bespeak the company's investigation lone arsenic of today's date. The institution undertakes nary work to publically update forward-looking statements to bespeak consequent events oregon circumstances.

Further accusation connected these factors and different factors that could origin oregon impact Ultralife's fiscal results is included successful the company's filings with the Securities and Exchange Commission, including the latest yearly study connected Form 10-K. In addition, connected today's call, absorption volition notation to definite non-GAAP fiscal measures that absorption considers to beryllium utile and disagree from GAAP. These non-GAAP measures should beryllium considered supplemental to corresponding GAAP figures. With that, I would present similar to crook the telephone implicit to Mike. Good morning, Mike.

Michael Manna: Good morning. Welcome to Ultralife's Q1 2026 Earnings Call. Earlier today, we announced Q1 gross of $47.4 cardinal with an operating nett nonaccomplishment of $0.2 million, which resulted successful a nonaccomplishment of $0.03 per share. We had a challenging commencement to the twelvemonth connected some sides of the concern owed to respective factors, including bid shipment timing, shipment delays to our Middle East customers, works shutdowns for reorganization and upwind events and consultation fees. We person a increasing backlog and merchandise portfolio owed to caller merchandise releases that we request to enactment this year. So we person added and trained nonstop labour resources successful our Random and Newark facilities to unit lines for the accrued request expected successful 2026.