Ultralife Management
Management criteria checks 4/4
Ultralife's CEO is Mike Manna, appointed in Nov 2022, has a tenure of 3.58 years. total yearly compensation is $434.11K, comprised of 95.6% salary and 4.4% bonuses, including company stock and options. directly owns 0.17% of the company’s shares, worth $191.83K. The average tenure of the management team and the board of directors is 3.6 years and 16 years respectively.
Key information
Mike Manna
Chief executive officer
US$434.1k
Total compensation
| CEO salary percentage | 95.60% |
| CEO tenure | 3.6yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3.6yrs |
| Board average tenure | 16yrs |
Recent management updates
Recent updates
Analysis Article • Aug 17
Ultralife Corporation's (NASDAQ:ULBI) Share Price Is Still Matching Investor Opinion Despite 25% Slump
NasdaqGM:ULBI 1 Year Share Price vs Fair Value Explore Ultralife's Fair Values from the Community and select yours The...Analysis Article • Jul 02
Ultralife (NASDAQ:ULBI) Has A Somewhat Strained Balance Sheet
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Jun 30
Ultralife: Recharging Growth With Smart Acquisitions
Summary Ultralife's revenue has been volatile in the past decade or so, but its recent comeback seems to have more legroom to grow. Through a series of recent acquisitions, the company has diversified its revenue dependence on government contracts and obtained access to a more domestic and overseas customer base. Key financial metrics demonstrate strong cash flow and organic integration of its acquisitions, supporting a positive outlook. Intense competition in the industry and integration risk remain, but so far the results show positive impacts in sales and cash flow. In conclusion, ULBI's current price is relatively cheap for interested investors seeking exposure in this field. Read the full article on Seeking AlphaSeeking Alpha • Jan 22
Ultralife Corporation: A High-Risk Stock With Just Enough Upside To Hold
Summary Ultralife Corporation is an industrial player with a global presence, specializing in power solutions and communication systems. The company reported a nearly 10% YoY revenue decline in Q3, with contracting profit margins and significant supply chain issues. While Ultralife has a solid balance sheet and liquidity, its thin profit margins and supply chain vulnerabilities raise concerns about long-term shareholder value. Despite its fair valuation, the stock is considered a high-risk play due to weak revenue predictability and operational inefficiencies. The overall recommendation for ULBI is a "hold" rating, as growth prospects exist, but risks outweigh immediate investment opportunities. Read the full article on Seeking Alpha
New Narrative • Nov 10
Lean Productivity And Tactical Acquisitions Propel Future Growth Amid Industry Challenges
Ultralife's focus on cost reduction and productivity improvements is expected to boost net margins significantly.Analysis Article • Sep 07
Should You Think About Buying Ultralife Corporation (NASDAQ:ULBI) Now?
While Ultralife Corporation ( NASDAQ:ULBI ) might not have the largest market cap around , it saw significant share...Seeking Alpha • Aug 03
Ultralife: I Bought The Dip; Here Comes The Growth
Summary ULBI's share price fell to $7 following a cyber-attack, but has since recovered to $11.50, making a 50% return in 6 months. ULBI's growth in sales revenue is driven by its battery and energy products segment, with a focus on lithium-ion batteries and communication systems. The company's adoption of lean manufacturing techniques, margin improvement, and debt paydown have led to a significant increase in performance and future cash generation, warranting a Strong Buy recommendation with a price target of $35. Read the full article on Seeking AlphaAnalysis Article • Aug 01
Ultralife's (NASDAQ:ULBI) Earnings Are Weaker Than They Seem
Despite announcing strong earnings, Ultralife Corporation's ( NASDAQ:ULBI ) stock was sluggish. We think that the...Seeking Alpha • Jun 30
Ultralife Corporation Is Attractive Here
Summary Ultralife Corporation specializes in batteries for government, military, and private sectors, with a focus on communications systems. Recent growth initiatives include new product developments like EL8000 Case Systems and Thin Cell Batteries. The company has shown strong revenue growth, successful M&A track record, gross margin expansion, and stable operating expenses, making it a promising investment. Read the full article on Seeking AlphaSeeking Alpha • Apr 22
Ultralife Corporation: Ready To Surge
Summary ULBI is likely to deliver above-market returns in the next two years, with improving fundamentals and a modest valuation. They should benefit from growth in the battery market and increased military spending. Management is delivering on growth and margin improvement; EPS could double in 2024. With a strengthened balance sheet, they seem poised to start deleveraging rapidly. Read the full article on Seeking AlphaAnalysis Article • Apr 16
These 4 Measures Indicate That Ultralife (NASDAQ:ULBI) Is Using Debt Reasonably Well
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Mar 14
Slowing Rates Of Return At Ultralife (NASDAQ:ULBI) Leave Little Room For Excitement
If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. One common...Analysis Article • Feb 11
Insufficient Growth At Ultralife Corporation (NASDAQ:ULBI) Hampers Share Price
With a price-to-sales (or "P/S") ratio of 0.9x Ultralife Corporation ( NASDAQ:ULBI ) may be sending bullish signals at...Analysis Article • Oct 26
Is Now An Opportune Moment To Examine Ultralife Corporation (NASDAQ:ULBI)?
While Ultralife Corporation ( NASDAQ:ULBI ) might not be the most widely known stock at the moment, it led the NASDAQGM...Analysis Article • Sep 22
Ultralife (NASDAQ:ULBI) May Have Issues Allocating Its Capital
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Analysis Article • Jun 08
Ultralife (NASDAQ:ULBI) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Sep 27
Ultralife (NASDAQ:ULBI) Is Carrying A Fair Bit Of Debt
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Seeking Alpha • Sep 22
Ultralife secures $7.5M communications systems contract
Ultralife (NASDAQ:ULBI) announced Thursday it has received $7.5M contract to supply its integrated system of A-320 amplifiers and A-320HVA radio vehicle mounts to a major international defense contractor for government/defense modernization program. Deliveries are expected to commence in the fourth quarter of 2022 and continue through the first half of 2023. “This contract further demonstrates our success in executing a key element of our revenue growth strategy – the broadening of our global presence with international allies by extending our core U.S. government and defense business,” said Michael D. Popielec, Ultralife’s President and Chief Executive Officer.Seeking Alpha • Jul 26
Ultralife receives $4.6M communications systems VAA order
Ultralife (NASDAQ:ULBI) received a purchase order worth ~$4.6M for supplying its Vehicle Amplifier-Adaptors (VAA) to a global prime defense contractor. Ultralife’s VAA platform provides the soldier with an enhanced range of digital voice and data communications and operational flexibility. Shipments are expected to commence in 2022.Analysis Article • Apr 15
Does Ultralife (NASDAQ:ULBI) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | -US$8m |
| Dec 31 2025 | US$434k | US$415k | -US$6m |
| Sep 30 2025 | n/a | n/a | US$2m |
| Jun 30 2025 | n/a | n/a | US$3m |
| Mar 31 2025 | n/a | n/a | US$5m |
| Dec 31 2024 | US$489k | US$388k | US$6m |
| Sep 30 2024 | n/a | n/a | US$9m |
| Jun 30 2024 | n/a | n/a | US$10m |
| Mar 31 2024 | n/a | n/a | US$10m |
| Dec 31 2023 | US$779k | US$377k | US$7m |
| Sep 30 2023 | n/a | n/a | US$4m |
| Jun 30 2023 | n/a | n/a | US$3m |
| Mar 31 2023 | n/a | n/a | -US$297k |
| Dec 31 2022 | US$317k | US$241k | -US$119k |
Compensation vs Market: Mike's total compensation ($USD434.11K) is below average for companies of similar size in the US market ($USD641.77K).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
CEO
Mike Manna (56 yo)
3.6yrs
Tenure
US$434,114
Compensation
Mr. Michael E. Manna, also known as Mike, serves as President, Chief Executive Officer & Director at Ultralife Corporation since November 22, 2022. He was President of Battery & Energy Products at Ultralif...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.6yrs | US$434.11k | 0.17% $ 191.8k | |
| CFO, Treasurer & Corporate Secretary | 16.6yrs | US$394.15k | 0.83% $ 921.9k | |
| President of Communication System | 13.4yrs | no data | no data | |
| SVP of Sales & Business Development | 1.4yrs | no data | no data | |
| Chief Marketing Officer | 1.4yrs | no data | no data |
3.6yrs
Average Tenure
Experienced Management: ULBI's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 3.6yrs | US$434.11k | 0.17% $ 191.8k | |
| Chair of the Board of Directors | 19yrs | US$108.00k | 40.28% $ 44.9m | |
| Independent Director | 16.3yrs | US$106.20k | 0.51% $ 568.7k | |
| Independent Director | 16yrs | US$106.20k | 0.43% $ 475.0k | |
| Independent Director | 3.3yrs | US$106.20k | 0.046% $ 51.3k |
16.0yrs
Average Tenure
68yo
Average Age
Experienced Board: ULBI's board of directors are seasoned and experienced ( 16 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/08 19:00 |
| End of Day Share Price | 2026/06/08 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Ultralife Corporation is covered by 4 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joshua Sullivan | Benchmark Company |
| Ted Kundtz | Needham & Company |
| Matthew Paul | Sidoti & Company, LLC |