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28 February, 2024 18:06 IST
Ultralife Corp first-quarter profit jumps 453.51 percent on a YOY basis
Source: IRIS | 31 May, 2017, 05.12PM

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Ultralife Corporation (ULBI) has reported a 453.51 percent jump in profit for the quarter ended Apr. 02, 2017. The company has earned $1.66 million, or $0.11 a share in the quarter, compared with $0.30 million, or $0.02 a share for the same period last year.      

Revenue during the quarter grew 5.77 percent to $22.04 million from $20.83 million in the previous year period. Gross margin for the quarter expanded 52 basis points over the previous year period to 31.27 percent. Total expenses were 91.65 percent of quarterly revenues, down from 97.69 percent for the same period last year. This has led to an improvement of 604 basis points in operating margin to 8.35 percent.

Operating income for the quarter was $1.84 million, compared with $0.48 million in the previous year period.

Working capital increases
Ultralife Corporation has recorded an increase in the working capital over the last year. It stood at $
40.74 million as at Apr. 02, 2017, up 20.77 percent or $7.01 million from $33.74 million on Mar. 27, 2016. Current ratio was at 4.57 as on Apr. 02, 2017, up from 3.43 on Mar. 27, 2016.

Cash conversion cycle (CCC) has decreased to 81 days for the quarter from 166 days for the last year period. Days sales outstanding went down to 53 days for the quarter compared with 56 days for the same period last year.

Days inventory outstanding has decreased to 69 days for the quarter compared with 153 days for the previous year period. At the same time, days payable outstanding went down to 41 days for the quarter from 44 for the same period last year.

Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]



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