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Note 11 - Business Segment Information

6 Months Ended

Jun. 30, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

11. BUSINESS SEGMENT INFORMATION

We report our results in two (2) operating segments: Battery & Energy Products and Communications Systems. The Battery & Energy Products segment includes: Lithium 9-volt, cylindrical and various other non-rechargeable batteries, in addition to rechargeable batteries, uninterruptable power supplies, charging systems and accessories. The Communications Systems segment includes: RF amplifiers, power supplies, cable and connector assemblies, amplified speakers, equipment mounts, case equipment, man-portable systems, integrated communication systems for fixed or vehicle applications and communications and electronics systems design. We believe that reporting performance at the gross profit level is the best indicator of segment performance.

Three-month period ended June 30, 2022:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	30,140			$	1,986			$	-			$	32,126
Segment contribution			7,151				495				(6,853	)			793
Other expense											(115	)			(115	)
Income tax provision											(170	)			(170	)
Non-controlling interest											4				4
Net income attributable to Ultralife														$	512

Three-month period ended June 30, 2021:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	22,875			$	3,895			$	-			$	26,770
Segment contribution			6,016				1,251				(6,176	)			1,091
Other expense											(21	)			(21	)
Income tax provision											(248	)			(248	)
Non-controlling interest											(11	)			(11	)
Net income attributable to Ultralife														$	811

Six-month period ended June 30, 2022:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	59,290			$	3,209			$	-			$	62,499
Segment contribution			13,872				732				(14,106	)			498
Other expense											(232	)			(232	)
Income tax benefit											81				81
Non-controlling interest											(3	)			(3	)
Net income attributable to Ultralife														$	344

Six-month period ended June 30, 2021:

		Battery & Energy Products				Communications Systems				Corporate				Total
Revenues		$	44,986			$	7,757			$	-			$	52,743
Segment contribution			11,452				2,793				(12,202	)			2,043
Other expense											(77	)			(77	)
Income tax provision											(465	)			(465	)
Non-controlling interest											(19	)			(19	)
Net income attributable to Ultralife														$	1,482

The following tables disaggregate our business segment revenues by major source and geography.

Commercial and Government/Defense Revenue Information:

Three-month period ended June 30, 2022:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	30,140			$	24,682			$	5,458
Communications Systems			1,986				-				1,986
Total		$	32,126			$	24,682			$	7,444
							77	%			23	%

Three-month period ended June 30, 2021:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	22,875			$	16,011			$	6,864
Communications Systems			3,895				-				3,895
Total		$	26,770			$	16,011			$	10,759
							60	%			40	%

Six-month period ended June 30, 2022:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	59,290			$	47,276			$	12,014
Communications Systems			3,209				-				3,209
Total		$	62,499			$	47,276			$	15,223
							76	%			24	%

Six-month period ended June 30, 2021:

		Total Revenue				Commercial				Government/ Defense
Battery & Energy Products		$	44,986			$	30,356			$	14,630
Communications Systems			7,757				-				7,757
Total		$	52,743			$	30,356			$	22,387
							58	%			42	%

U.S. and Non-U.S. Revenue Information¹:

Three-month period ended June 30, 2022:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	30,140			$	13,330			$	16,810
Communications Systems			1,986				1,910				76
Total		$	32,126			$	15,240			$	16,886
							47	%			53	%

Three-month period ended June 30, 2021:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	22,875			$	11,813			$	11,062
Communications Systems			3,895				1,953				1,942
Total		$	26,770			$	13,766			$	13,004
							51	%			49	%

Six-month period ended June 30, 2022:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	59,290			$	27,870			$	31,420
Communications Systems			3,209				3,062				147
Total		$	62,499			$	30,932			$	31,567
							49	%			51	%

Six-month period ended June 30, 2021:

		Total Revenue				United States				Non-United States
Battery & Energy Products		$	44,986			$	24,403			$	20,583
Communications Systems			7,757				3,421				4,336
Total		$	52,743			$	27,824			$	24,919
							53	%			47	%

¹ Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects.

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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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