Ultralife Notes Record Backlog Despite Q1 Disruptions and Elevated Costs
Ultralife posted a first-quarter fiscal 2026 loss as lower sales, production disruptions and elevated one-time charges weighed on results. The company secured a record backlog and pointed to new product activity as catalysts for future revenue growth.
1. Q1 Financial Results
Ultralife reported a net loss in the first quarter of fiscal 2026, as revenue declined due to softer demand in its battery and portable power segments. Results were further pressured by production disruptions at key manufacturing facilities and elevated one-time charges related to equipment upgrades and supply chain adjustments.
2. Record Backlog and Growth Initiatives
The company ended the quarter with a record order backlog, driven by strong defense and commercial bookings. Management highlighted ongoing development of advanced battery technologies and next-generation portable power systems as primary growth drivers for the remainder of the year.