Shares of Ultralife Corporation (ULBI) gained over 18% on Thursday morning after reporting its first-quarter results.
ULBI is currently trading at $10.31, up $1.58 or 18.26%, on the Nasdaq. The stock opened its trading at $10.50 after closing Wednesday at $8.73. The stock has traded between $3.92 and $11.85 in the past 52-week period.
Revenues increase 31.4% to $41.9 million, as compared to revenue of $31.9 million last year.
Net income was $2.9 million or $0.18 per share, compared to a net loss of $0.3 million or $0.02 per share for the first quarter of 2023. Adjusted EPS was $0.21, compared to a loss of $0.05 for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.