Ultralife Corporation (ULBI) reported second-quarter 2026 revenue of $47.9 million, compared with $48.6 million in the 2025 second quarter. Net income attributable to Ultralife was $2.5 million, or $0.15 per basic and diluted share on a GAAP basis, compared with $0.9 million, or $0.05 per basic and diluted share, a year earlier.
The company reported gross profit of $13.9 million, or 28.9% of revenue, and operating income of $3.4 million. Backlog exiting the quarter was $117.5 million, up from $115.1 million at the end of the first quarter of 2026.
- Revenue was $47.9 million, down 1.3% from the prior-year quarter.
- Battery & Energy Products sales fell 3.7% to $44.2 million.
- Communications Systems sales rose 39.3% to $3.8 million.
- GAAP EPS was $0.15, compared with $0.05 in the 2025 second quarter.
- Adjusted EBITDA was $6.1 million, compared with $4.1 million a year earlier.
- Backlog was $117.5 million exiting the quarter, the highest level in the company’s history.
$ULBI Insider Trading Activity
$ULBI insiders have traded $ULBI stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $ULBI stock by insiders over the last 6 months:
- BRADFORD T WHITMORE has made 6 purchases buying 296,390 shares for an estimated $1,912,222 and 0 sales.
- MICHAEL EDWARD MANNA (President and CEO) has made 3 purchases buying 4,000 shares for an estimated $24,962 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$ULBI Hedge Fund Activity
We have seen 14 institutional investors add shares of $ULBI stock to their portfolio, and 24 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC removed 50,812 shares (-55.2%) from their portfolio in Q1 2026, for an estimated $331,294
- MARIDEA WEALTH MANAGEMENT LLC added 42,708 shares (+inf%) to their portfolio in Q2 2026, for an estimated $269,914
- GOLDMAN SACHS GROUP INC removed 42,570 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $277,556
- JANNEY MONTGOMERY SCOTT LLC added 42,350 shares (+8.2%) to their portfolio in Q2 2026, for an estimated $267,652
- RAYMOND JAMES FINANCIAL INC added 26,574 shares (+23.6%) to their portfolio in Q1 2026, for an estimated $173,262
- SUSQUEHANNA INTERNATIONAL GROUP, LLP removed 23,512 shares (-58.8%) from their portfolio in Q1 2026, for an estimated $153,298
- MARSHALL WACE, LLP removed 22,971 shares (-67.5%) from their portfolio in Q1 2026, for an estimated $149,770
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
