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Stock impact report

Ultralife Corporation Reports First Quarter Results

Ultralife Corporation (ULBI) 
Company Research Source: GlobeNewswire
NEWARK, N.Y., May 02, 2019 (GLOBE NEWSWIRE) -- Ultralife Corporation (NASDAQ: ULBI) reported operating income of $0.5 million on revenue of $18.9 million for the first quarter ended March 31, 2019 compared to operating income of $2.4 million on revenue of $23.1 million for the first quarter ended April 1, 2018.  First Quarter 2019 Financial Results “First quarter results were significantly impacted by a reduction in government/defense sales largely due to delays of amplifier shipments under the U.S. Army’s Network Modernization initiatives by Communications Systems.  We are now operating at a higher rate of amplifier production and have produced more units in the month of April than during the entire first quarter.  In addition, normal fluctuations in government/defense order flow resulted in a decline in Battery & Energy Products sales that was buffered by continued strength in medical sales,” said Michael D. Popielec, President and Chief Executive Officer.  “With key amplifier p Show less Read more
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