Ultralife Corporation Reports Fourth Quarter Results

Revenue was $43.9 million, including$6.1 million relating to our acquisition of Electrochem, compared to revenue of 44.5 million for the fourth quarter of 2023. Battery & Energy Products sales increased 11.7% to 39.9 million compared to $35.7 million last year reflecting the inclusion of Electrochem. Organic sales for this segment declined 5.3% as a 48.1% increase in government/defenses sales and a 1.6% increase in oil & gas market sales were offset by a 47.2% decrease in medical battery sales and a 4.4% ...