Ultralife (ULBI)
Market Price (6/4/2026): $6.76 | Market Cap: $112.6 MilSector: Industrials | Industry: Electrical Components & Equipment
Ultralife (ULBI)
Market Price (6/4/2026): $6.76Market Cap: $112.6 MilSector: IndustrialsIndustry: Electrical Components & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 5.3% Megatrend and thematic driversMegatrends include Battery Technology & Metals, Digital Health & Telemedicine, and Advanced Aviation & Space. Themes include Advanced Battery Components, Show more. | Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -18% | Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.5% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% Key risksULBI key risks include [1] a significant reliance on 'lumpy' government and defense contracts, Show more. |
| Attractive yieldFCF Yield is 5.3% |
| Megatrend and thematic driversMegatrends include Battery Technology & Metals, Digital Health & Telemedicine, and Advanced Aviation & Space. Themes include Advanced Battery Components, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -85%, 3Y Excs Rtn is -18% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -6.5% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -11% |
| Key risksULBI key risks include [1] a significant reliance on 'lumpy' government and defense contracts, Show more. |
Qualitative Assessment
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Ultralife (ULBI) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Record Order Backlog Signals Future Revenue Growth.
Ultralife reported a record order backlog of $115.1 million as of March 31, 2026, representing a 21.1% increase from the prior year's comparable period. This significant backlog provides strong visibility into future revenue streams and suggests robust demand for the company's products despite a challenging first quarter.
2. Strong Analyst Sentiment Driven by Fundamentals and Industry Position.
Despite reporting a net loss for the first quarter of 2026, Ultralife received a "Buy" rating with an AI Score of 7/10 from Danelfin on May 30, 2026. This indicated a 58% probability of the stock outperforming the market in the subsequent three months, primarily supported by strong fundamental impacts and its position within the electrical equipment industry.
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Stock Movement Drivers
Fundamental Drivers
The 21.8% change in ULBI stock from 2/28/2026 to 6/3/2026 was primarily driven by a 21.0% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6032026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.67 | 6.91 | 21.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 187 | 188 | 0.7% |
| P/S Multiple | 0.5 | 0.6 | 21.0% |
| Shares Outstanding (Mil) | 17 | 17 | -0.1% |
| Cumulative Contribution | 21.8% |
Market Drivers
2/28/2026 to 6/3/2026| Return | Correlation | |
|---|---|---|
| ULBI | 21.8% | |
| Market (SPY) | 10.2% | 25.7% |
| Sector (XLI) | -1.5% | 34.7% |
Fundamental Drivers
The 21.4% change in ULBI stock from 11/30/2025 to 6/3/2026 was primarily driven by a 20.6% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6032026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.69 | 6.91 | 21.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 187 | 188 | 0.7% |
| P/S Multiple | 0.5 | 0.6 | 20.6% |
| Shares Outstanding (Mil) | 17 | 17 | -0.1% |
| Cumulative Contribution | 21.4% |
Market Drivers
11/30/2025 to 6/3/2026| Return | Correlation | |
|---|---|---|
| ULBI | 21.4% | |
| Market (SPY) | 11.0% | 22.6% |
| Sector (XLI) | 14.0% | 27.4% |
Fundamental Drivers
The 3.5% change in ULBI stock from 5/31/2025 to 6/3/2026 was primarily driven by a 8.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312025 | 6032026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.67 | 6.91 | 3.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 173 | 188 | 8.4% |
| P/S Multiple | 0.6 | 0.6 | -4.4% |
| Shares Outstanding (Mil) | 17 | 17 | -0.1% |
| Cumulative Contribution | 3.5% |
Market Drivers
5/31/2025 to 6/3/2026| Return | Correlation | |
|---|---|---|
| ULBI | 3.5% | |
| Market (SPY) | 29.4% | 26.4% |
| Sector (XLI) | 23.5% | 30.2% |
Fundamental Drivers
The 64.0% change in ULBI stock from 5/31/2023 to 6/3/2026 was primarily driven by a 40.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6032026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.21 | 6.91 | 64.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 133 | 188 | 40.8% |
| P/S Multiple | 0.5 | 0.6 | 20.2% |
| Shares Outstanding (Mil) | 16 | 17 | -3.1% |
| Cumulative Contribution | 64.0% |
Market Drivers
5/31/2023 to 6/3/2026| Return | Correlation | |
|---|---|---|
| ULBI | 64.0% | |
| Market (SPY) | 87.6% | 29.2% |
| Sector (XLI) | 87.9% | 29.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ULBI Return | -7% | -36% | 77% | 9% | -23% | 24% | 10% |
| Peers Return | -3% | -11% | 9% | 1% | 109% | 51% | 203% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| ULBI Win Rate | 42% | 25% | 67% | 33% | 42% | 67% | |
| Peers Win Rate | 58% | 47% | 48% | 52% | 65% | 63% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 67% | |
Max Drawdowns [4] | |||||||
| ULBI Max Drawdown | -51% | -40% | -41% | -46% | -50% | -26% | |
| Peers Max Drawdown | -34% | -32% | -39% | -33% | -24% | -23% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ENS, ESP, LHX, MRCY, VSAT.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/3/2026 (YTD)
How Low Can It Go
| Event | ULBI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.9% | -18.8% |
| % Gain to Breakeven | 72.2% | 23.1% |
| Time to Breakeven | 43 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.7% | -24.5% |
| % Gain to Breakeven | 44.4% | 32.4% |
| Time to Breakeven | 378 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.9% | -33.7% |
| % Gain to Breakeven | 42.7% | 50.9% |
| Time to Breakeven | 29 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.3% | 23.8% |
| Time to Breakeven | 52 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -15.6% | -6.8% |
| % Gain to Breakeven | 18.4% | 7.3% |
| Time to Breakeven | 29 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -14.5% | -0.2% |
| % Gain to Breakeven | 17.0% | 0.2% |
| Time to Breakeven | 72 days | 1 days |
In The Past
Ultralife's stock fell -41.9% during the 2025 US Tariff Shock. Such a loss loss requires a 72.2% gain to breakeven.
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Asset Allocation
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| Event | ULBI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -41.9% | -18.8% |
| % Gain to Breakeven | 72.2% | 23.1% |
| Time to Breakeven | 43 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -30.7% | -24.5% |
| % Gain to Breakeven | 44.4% | 32.4% |
| Time to Breakeven | 378 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.9% | -33.7% |
| % Gain to Breakeven | 42.7% | 50.9% |
| Time to Breakeven | 29 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.3% | 23.8% |
| Time to Breakeven | 52 days | 105 days |
In The Past
Ultralife's stock fell -41.9% during the 2025 US Tariff Shock. Such a loss loss requires a 72.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Ultralife (ULBI)
AI Analysis | Feedback
A specialized Eaton (power management) that provides rugged batteries, power systems, and communication enhancements for military and demanding industrial applications.
EnerSys for military-grade and specialized industrial batteries and power solutions, also providing accessories to boost military communication equipment.
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```html- Batteries: A diverse portfolio of lithium and rechargeable batteries, encompassing 9-volt, cylindrical, thin, and lithium-ion cells.
- Battery Systems & UPS: Multi-kilowatt module lithium-ion battery systems and uninterruptable power supplies for various applications.
- Battery Charging Systems: Rugged battery charging systems and accessories, including smart chargers and multi-bay charging solutions for military and commercial use.
- Military Communication Systems & Accessories: A range of products such as radio frequency amplifiers, power supplies, amplified speakers, and integrated communication systems designed to enhance military communication equipment.
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Ultralife (ULBI) primarily sells its products to other companies and government entities, rather than directly to individuals. The company's major customers fall into the following categories:
- Original Equipment Manufacturers (OEMs): These companies integrate Ultralife's power and communication systems components into their own products.
- Industrial and Defense Supply Distributors: These distributors purchase Ultralife's products for resale to other businesses, government agencies, or defense contractors.
- United States and International Defense Departments: Ultralife sells directly to various defense organizations globally, supplying military communications systems and power solutions.
- National and Regional Retail Chains and Online Retailers: For its 9-volt battery product line, Ultralife sells to these retailers who then distribute the product to the broader consumer market.
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Michael E. Manna, President & Chief Executive Officer
Appointed President & CEO on November 22, 2022, Michael E. Manna has been with Ultralife for almost thirty years, serving in various leadership capacities across engineering, operations, product management, research & development, and sales. Prior to his current role, he served as President of Battery & Energy Products and continues to lead this segment. Manna is recognized as an expert in rechargeable and primary battery cell design across multiple chemistries for both government/defense and commercial markets. He holds several patents and co-authored publications, and was a key member of the team that introduced the first Lithium-Ion Polymer Cell to the market. He earned a Bachelor's Degree in Computer Science from Rochester Institute of Technology.
Philip A. Fain, Chief Financial Officer, Treasurer, Corporate Secretary
Philip A. Fain was named Chief Financial Officer in November 2009, Treasurer in December 2009, and Corporate Secretary in April 2013. He joined Ultralife in February 2008 as Vice President of Business Development. Before Ultralife, Fain served as Vice President of Finance - RayBan Sunoptics for Luxottica, SpA. Preceding the acquisition of Bausch & Lomb's global eyewear business by Luxottica, he held the positions of Senior Vice President Finance - Global Eyewear for Bausch & Lomb from 1997 to 1999 and Vice President and Controller for the US Sunglass business from 1993 to 1996, where he was instrumental in the acquisition of several highly sought-after sunglass companies and brands. From 1983 to 1993, Fain held various executive positions in corporate accounting, finance, and audit at Bausch & Lomb. He began his career as a CPA and consultant with Arthur Andersen & Co. in 1977. Fain holds a B.A. in Economics from the University of Rochester and an MBA from the William E. Simon Graduate School of Business Administration of the University of Rochester.
Bradford T. Whitmore, Chairman of the Board
Bradford T. Whitmore has served as Board Chair since 2010 and as a Director of Ultralife Corporation since 2007. He is the Founder and Managing Partner of Grace Brothers, Ltd., an Investment Management Firm. Whitmore also serves as a Director for several privately held companies where Grace Brothers and its affiliates hold significant investment interests, and he has served on multiple public company boards.
Jeffrey Luke, Chief Marketing Officer
Jeffrey Luke was appointed Chief Marketing Officer, effective January 6, 2025. He brings over two decades of experience in B2B marketing, encompassing genomics, agriculture, heavy equipment, energy, and industrial computing. His responsibilities include reframing corporate and brand strategies and collaborating with sales and engineering teams to develop and execute effective go-to-market strategies.
James Pope, Senior Vice President - Sales & Business Development, Battery & Energy Products
James Pope was appointed Senior Vice President - Sales & Business Development, Battery & Energy Products, effective January 6, 2025. He has over thirty-seven years of experience in the battery and power industry, with a career spanning all major segments, including cell manufacturing, pack manufacturing, charger development, and working with representative organizations supporting battery and power solutions. In his role, Pope focuses on expanding market reach into existing and new markets and applications, and aligning global sales and business development efforts.
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The key risks to Ultralife Corporation (ULBI) primarily stem from its significant reliance on government and defense sector contracts and potential disruptions within its supply chain.
- Dependence on Government and Defense Contracts: Ultralife Corporation's business is heavily reliant on long-term government and defense contracts, particularly for its high-margin battery products. This makes the company's financial performance susceptible to fluctuations, delays, or reductions in U.S. and foreign military spending. This dependence can lead to a "lumpy" business cycle and introduces execution risk despite a solid backlog of orders.
- Supply Chain Disruptions and Cost Increases: The company faces potential risks from disruptions, delays, or material price increases in its supply of raw materials and components. These issues can arise due to various factors including general business conditions, new or additional tariffs, global conflicts, or adverse weather conditions, all of which are beyond the company's direct control. Such disruptions could impact production, increase costs, and affect profitability.
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Ultralife Corporation operates in significant addressable markets within its Battery & Energy Products and Communications Systems segments. The global market sizes for its key product areas are detailed below:
Battery & Energy Products Segment
- Military Batteries: The global military batteries market was valued at approximately USD 2.40 billion in 2025 and is projected to reach USD 5.22 billion by 2034, exhibiting a Compound Annual Growth Rate (CAGR) of 9.3%. North America held the largest share of this market. Another estimate places the global military battery market size at USD 1.56 billion in 2025, expanding to USD 1.97 billion by 2030, with a CAGR of 4.78%. Lithium-based cells were a dominant composition in 2024, capturing 67.45% of the market.
- Industrial Batteries: The global industrial batteries market was valued at USD 23.97 billion in 2025 and is projected to reach USD 42.66 billion by 2034, growing at a CAGR of 6.58%. The Asia-Pacific region dominated the industrial batteries market. Another report estimated the global industrial batteries market size at USD 68.99 billion in 2025, with a projection to increase to approximately USD 621.02 billion by 2035, at a CAGR of 24.58%.
- Uninterruptible Power Supplies (UPS): The global uninterruptible power supply (UPS) market size was valued at USD 12.91 billion in 2025 and is projected to grow to USD 23.14 billion by 2034, with a CAGR of 6.70%. North America accounted for a major share of the global UPS market.
- 9-Volt Consumer Batteries: The broader global consumer battery market was valued at USD 28.61 billion in 2024 and is expected to reach USD 45.35 billion by 2031, growing at a CAGR of 6.80%. Specifically for alkaline batteries, which include 9-volt batteries, the global market size was USD 6.4 billion in 2024 and is projected to reach USD 9.9 billion by 2034, at a CAGR of 4.5%. North America held a significant 44.3% share of the alkaline battery market in 2024.
Communications Systems Segment
- Military Communications Systems: The global military communications market size was valued at USD 42.10 billion in 2025 and is projected to grow to USD 70.20 billion by 2034, exhibiting a CAGR of 5.80%. North America dominated this market.
- RF Amplifiers (Military Applications): The global military RF power amplifier market is projected to expand from USD 31.2 billion in 2025 to an estimated USD 49.5 billion by 2033, with a CAGR of 6.2%. Military and defense applications accounted for over 1.7 million units of high power RF amplifiers shipped globally in 2024.
- SATCOM Systems (Military Applications): The global satellite communication market in the defense sector was valued at USD 3.52 billion in 2024 and is expected to grow from USD 4.41 billion in 2025 to reach USD 41.45 billion by 2033, demonstrating a CAGR of 19.6%. The SATCOM segment held the highest share within the overall military communication market in 2026, at 40.89%. Additionally, the global military satellite market size was valued at USD 17.30 billion in 2025 and is estimated to reach approximately USD 33.64 billion by 2035. The global SATCOM on the move market was estimated at USD 35.93 billion in 2024 and is projected to reach USD 116.59 billion in 2033, with the defense & military segment holding the largest revenue share of 47.12% in 2024.
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Ultralife Corporation (ULBI) is expected to experience future revenue growth driven by several key factors over the next 2-3 years:
- Strong and Growing Backlog: Ultralife has consistently reported a strong and increasing order backlog, indicating future demand for its products. The company concluded 2025 with a backlog of $110.2 million, a 22.1% increase from the third quarter of 2025, with virtually all of it expected to ship in 2026. This follows a backlog of $103.5 million at the end of the fourth quarter of 2023.
- Growth in Government and Defense Sector Sales: The company has seen significant increases in sales to government defense customers, particularly within its Battery & Energy Products segment. For example, Q3 2024 revenues were fueled by a 28.9% increase in sales to government defense customers. Similarly, in Q4 2023, overall government/defense sales increased by 28.8%. This trend continued into Q1 2025, with robust organic growth in government/defense sales for Battery & Energy Products.
- New Product Development and Recently Launched Products: Ultralife is actively investing in new product development to diversify and strengthen its product portfolio. The Communications Systems business entered 2026 with the largest number of new products for sale ever, and the company reported over $30 million in revenue from new products less than five years old in 2025.
- Contributions from the Electrochem Acquisition: The acquisition of Electrochem has been a significant contributor to Ultralife's revenue growth, particularly within the Battery & Energy Products segment. In Q1 2025, the contribution of Electrochem, coupled with organic growth in government/defense sales, led to a 21% year-over-year revenue increase. This acquisition also influenced the domestic to international sales split in the battery business in Q4 2025.
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Share Repurchases
No significant share repurchase programs or authorizations were identified over the last 3-5 years.
Share Issuance
The number of outstanding shares for Ultralife has shown minor increases, rising from 16.08 million in 2021 to 16.64 million in 2025.
Outbound Investments
- Ultralife acquired Excell Battery for $23.5 million in cash in December 2021, a company specializing in downhole drilling, industrial, and medical devices, which contributed to the revenue growth of its Battery segment.
- In October 2024, Ultralife acquired Electrochem Solutions, Inc. from Integer Holdings Corporation for $50.0 million in cash. This acquisition expanded Ultralife's offerings in primary lithium metal and ultracapacitor cells and battery packs for energy, military, and industrial markets, with its results being included from Q1 2025.
Capital Expenditures
- Capital expenditures in the third quarter of 2025 totaled $0.995 million USD, used for funding long-term assets and infrastructure.
- The integration of the Electrochem acquisition has contributed to increased capital expenditure spending.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Ultralife Earnings Notes | 12/16/2025 | |
| Ultralife Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 90.61 |
| Mkt Cap | 7.7 |
| Rev LTM | 2,359 |
| Op Inc LTM | 14 |
| FCF LTM | 271 |
| FCF 3Y Avg | 35 |
| CFO LTM | 323 |
| CFO 3Y Avg | 256 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.7% |
| Rev Chg 3Y Avg | 7.9% |
| Rev Chg Q | 6.9% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 1.2% |
| Op Inc Chg 3Y Avg | 12.7% |
| Op Mgn LTM | 5.9% |
| Op Mgn 3Y Avg | 7.3% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 11.4% |
| FCF/Rev LTM | 11.0% |
| FCF/Rev 3Y Avg | 7.8% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 7.7 |
| P/S | 2.4 |
| P/Op Inc | 21.9 |
| P/EBIT | 21.8 |
| P/E | 0.2 |
| P/CFO | 16.6 |
| Total Yield | 1.8% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 5.6% |
| D/E | 0.2 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 6.7% |
| 3M Rtn | 24.8% |
| 6M Rtn | 49.7% |
| 12M Rtn | 86.0% |
| 3Y Rtn | 107.5% |
| 1M Excs Rtn | 1.8% |
| 3M Excs Rtn | 14.8% |
| 6M Excs Rtn | 45.3% |
| 12M Excs Rtn | 62.4% |
| 3Y Excs Rtn | 36.0% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Battery & Energy Products | 144 | 130 | 120 | 87 | 92 |
| Communications Systems | 20 | 29 | 12 | 11 | 16 |
| Corporate | 0 | 0 | 0 | ||
| Total | 164 | 159 | 132 | 98 | 108 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Battery & Energy Products | 19 | 14 | 26 | 21 | 23 |
| Communications Systems | 1 | 4 | 3 | 4 | 6 |
| Corporate | -10 | -9 | -29 | -25 | -23 |
| Total | 10 | 9 | 0 | 0 | 6 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Battery & Energy Products | 174 | 124 | 117 | 111 | 85 |
| Communications Systems | 27 | 29 | 29 | 25 | 26 |
| Corporate | 20 | 25 | 22 | 24 | 26 |
| Total | 220 | 178 | 168 | 160 | 138 |
Price Behavior
| Market Price | $6.91 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 12/23/1992 | |
| Distance from 52W High | -24.4% | |
| 50 Days | 200 Days | |
| DMA Price | $6.83 | $6.45 |
| DMA Trend | down | up |
| Distance from DMA | 1.0% | 7.0% |
| 3M | 1YR | |
| Volatility | 67.3% | 58.1% |
| Downside Capture | 5.30 | 154.00 |
| Upside Capture | 84.96 | 102.53 |
| Correlation (SPY) | 23.8% | 26.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.63 | 0.42 | 1.17 | 1.05 | 1.29 | 1.33 |
| Up Beta | -2.45 | 0.80 | 1.46 | 0.73 | 1.41 | 1.48 |
| Down Beta | 5.16 | 3.79 | 2.73 | 1.60 | 1.13 | 1.43 |
| Up Capture | -35% | 19% | 99% | 118% | 120% | 161% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 10 | 22 | 33 | 63 | 119 | 346 |
| Down Capture | -299% | -148% | 15% | 80% | 132% | 106% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 18 | 29 | 58 | 124 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ULBI | |
|---|---|---|---|---|
| ULBI | 2.9% | 58.6% | 0.27 | - |
| Sector ETF (XLI) | 23.8% | 15.4% | 1.18 | 30.2% |
| Equity (SPY) | 28.8% | 11.8% | 1.84 | 26.5% |
| Gold (GLD) | 31.0% | 26.6% | 0.99 | 11.7% |
| Commodities (DBC) | 42.3% | 18.8% | 1.74 | -9.2% |
| Real Estate (VNQ) | 9.8% | 13.2% | 0.45 | 19.6% |
| Bitcoin (BTCUSD) | -37.1% | 42.1% | -0.98 | 19.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ULBI | |
|---|---|---|---|---|
| ULBI | -6.3% | 59.0% | 0.11 | - |
| Sector ETF (XLI) | 12.6% | 17.4% | 0.56 | 27.4% |
| Equity (SPY) | 14.0% | 17.0% | 0.65 | 27.6% |
| Gold (GLD) | 18.1% | 18.0% | 0.82 | 4.4% |
| Commodities (DBC) | 10.5% | 19.4% | 0.43 | 7.2% |
| Real Estate (VNQ) | 2.8% | 18.8% | 0.05 | 17.7% |
| Bitcoin (BTCUSD) | 11.2% | 54.7% | 0.40 | 9.1% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ULBI | |
|---|---|---|---|---|
| ULBI | 5.5% | 55.2% | 0.31 | - |
| Sector ETF (XLI) | 14.1% | 20.0% | 0.62 | 26.8% |
| Equity (SPY) | 15.6% | 17.9% | 0.75 | 26.7% |
| Gold (GLD) | 13.3% | 16.0% | 0.69 | 3.3% |
| Commodities (DBC) | 7.6% | 17.9% | 0.34 | 11.3% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 20.5% |
| Bitcoin (BTCUSD) | 65.0% | 66.9% | 1.04 | 5.3% |
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Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/8/2026 | -15.3% | -13.5% | |
| 3/10/2026 | 2.6% | 20.9% | 19.5% |
| 11/18/2025 | -8.8% | 1.8% | 4.7% |
| 8/7/2025 | -2.7% | -1.8% | 3.2% |
| 5/9/2025 | 3.5% | 21.3% | 61.3% |
| 11/8/2024 | -14.0% | -17.3% | -16.9% |
| 7/25/2024 | -4.0% | 5.4% | -6.6% |
| 4/25/2024 | 22.7% | 37.1% | 30.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 10 | 14 |
| # Negative | 13 | 13 | 8 |
| Median Positive | 4.7% | 17.8% | 12.7% |
| Median Negative | -7.4% | -7.0% | -12.6% |
| Max Positive | 52.5% | 70.4% | 82.9% |
| Max Negative | -19.6% | -19.1% | -19.9% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/08/2026 | 10-Q |
| 12/31/2025 | 03/23/2026 | 10-K |
| 09/30/2025 | 11/17/2025 | 10-Q |
| 06/30/2025 | 08/07/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 04/01/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 07/25/2024 | 10-Q |
| 03/31/2024 | 04/25/2024 | 10-Q |
| 12/31/2023 | 03/21/2024 | 10-K |
| 09/30/2023 | 10/26/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 05/04/2023 | 10-Q |
| 12/31/2022 | 03/31/2023 | 10-K |
| 09/30/2022 | 10/27/2022 | 10-Q |
| 06/30/2022 | 07/28/2022 | 10-Q |
Insider Activity
Updated 5/26/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Whitmore, Bradford T | Whitmore Holdings, LLC | Buy | 5262026 | 6.81 | 67,302 | 458,576 | 13,972,425 | Form | |
| 2 | Whitmore, Bradford T | Whitmore Holdings, LLC | Buy | 5262026 | 6.33 | 8,700 | 55,067 | 12,553,519 | Form | |
| 3 | Whitmore, Bradford T | Whitmore Holdings, LLC | Buy | 5262026 | 6.13 | 32,876 | 201,671 | 12,113,003 | Form | |
| 4 | Manna, Michael Edward | President and CEO | Direct | Buy | 5182026 | 6.47 | 2,000 | 12,939 | 185,501 | Form |
| 5 | Whitmore, Bradford T | Whitmore Holdings, LLC | Buy | 3162026 | 6.76 | 53,131 | 359,112 | 13,124,349 | Form |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Electrical Components & Equipment Resources |
| EC&M (Electrical Construction & Maintenance) |
| Electrical Contracting News (ECN) |
| EE Times |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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