Ultralife Corporation Q1 Income Drops 43%

(RTTNews) - Ultralife Corporation (ULBI) released a profit for first quarter that fell compared to the same period last year.

The company said its profit fell to $0.30 million, or $0.02 per share. This was lower than $0.53 million, or $0.03 per share, in last year's first quarter.

The company said revenue for the quarter rose 8.6% to $20.83 million. This was up from $19.18 million last year.

Ultralife Corporation earnings at a glance:

-Earnings (Q1): $0.30 Mln. vs. $0.53 Mln. last year. -Earnings Decline (Y-o-Y): -43.4% -EPS (Q1): $0.02 vs. $0.03 last year. -EPS Decline (Y-o-Y): -33.3% -Revenue (Q1): $20.83 Mln vs. $19.18 Mln last year. -Revenue Change (Y-o-Y): 8.6%