| 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. We report operating expenses as Corporate charges.
Three-month period ended September 30, 2022:
| |
|
Battery &
Energy
Products
|
|
|
Communications
Systems
|
|
|
Corporate
|
|
|
Total
|
|
|
Revenues
|
|
$ |
28,583 |
|
|
$ |
4,651 |
|
|
$ |
- |
|
|
$ |
33,234 |
|
|
Segment contribution
|
|
|
5,345 |
|
|
|
1,370 |
|
|
|
(7,301 |
) |
|
|
(586 |
) |
|
Other income
|
|
|
|
|
|
|
|
|
|
|
254 |
|
|
|
254 |
|
|
Income tax benefit
|
|
|
|
|
|
|
|
|
|
|
90 |
|
|
|
90 |
|
|
Non-controlling interest
|
|
|
|
|
|
|
|
|
|
|
3 |
|
|
|
3 |
|
|
Net loss attributable to Ultralife
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(239 |
) |
Three-month period ended September 30, 2021:
| |
|
Battery &
Energy
Products
|
|
|
Communications
Systems
|
|
|
Corporate
|
|
|
Total
|
|
|
Revenues
|
|
$ |
20,008 |
|
|
$ |
1,753 |
|
|
$ |
- |
|
|
$ |
21,761 |
|
|
Segment contribution
|
|
|
4,792 |
|
|
|
316 |
|
|
|
(5,887 |
) |
|
|
(779 |
) |
|
Other income
|
|
|
|
|
|
|
|
|
|
|
1 |
|
|
|
1 |
|
|
Income tax benefit
|
|
|
|
|
|
|
|
|
|
|
175 |
|
|
|
175 |
|
|
Non-controlling interest
|
|
|
|
|
|
|
|
|
|
|
18 |
|
|
|
18 |
|
|
Net loss attributable to Ultralife
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
(585 |
) |
Nine-month period ended September 30, 2022:
| |
|
Battery &
Energy
Products
|
|
|
Communications
Systems
|
|
|
Corporate
|
|
|
Total
|
|
|
Revenues
|
|
$ |
87,873 |
|
|
$ |
7,860 |
|
|
$ |
- |
|
|
$ |
95,733 |
|
|
Segment contribution
|
|
|
19,217 |
|
|
|
2,102 |
|
|
|
(21,407 |
) |
|
|
(88 |
) |
|
Other income
|
|
|
|
|
|
|
|
|
|
|
22 |
|
|
|
22 |
|
|
Income tax benefit
|
|
|
|
|
|
|
|
|
|
|
171 |
|
|
|
171 |
|
|
Non-controlling interest
|
|
|
|
|
|
|
|
|
|
|
- |
|
|
|
- |
|
|
Net income attributable to Ultralife
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
105 |
|
Nine-month period ended September 30, 2021:
| |
|
Battery &
Energy
Products
|
|
|
Communications Systems
|
|
|
Corporate
|
|
|
Total
|
|
|
Revenues
|
|
$ |
64,994 |
|
|
$ |
9,510 |
|
|
$ |
- |
|
|
$ |
74,504 |
|
|
Segment contribution
|
|
|
16,244 |
|
|
|
3,109 |
|
|
|
(18,089 |
) |
|
|
1,264 |
|
|
Other expense
|
|
|
|
|
|
|
|
|
|
|
(76 |
) |
|
|
(76 |
) |
|
Income tax provision
|
|
|
|
|
|
|
|
|
|
|
(290 |
) |
|
|
(290 |
) |
|
Non-controlling interest
|
|
|
|
|
|
|
|
|
|
|
(1 |
) |
|
|
(1 |
) |
|
Net income attributable to Ultralife
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
897 |
|
The following tables disaggregate our business segment revenues by major source and geography.
Commercial and Government/Defense Revenue Information:
Three-month period ended September 30, 2022:
| |
|
Total
Revenue
|
|
|
Commercial
|
|
|
Government/
Defense
|
|
|
Battery & Energy Products
|
|
$ |
28,583 |
|
|
$ |
22,878 |
|
|
$ |
5,705 |
|
|
Communications Systems
|
|
|
4,651 |
|
|
|
- |
|
|
|
4,651 |
|
|
Total
|
|
$ |
33,234 |
|
|
$ |
22,878 |
|
|
$ |
10,356 |
|
| |
|
|
|
|
|
|
69 |
% |
|
|
31 |
% |
Three-month period ended September 30, 2021:
| |
|
Total
Revenue
|
|
|
Commercial
|
|
|
Government/
Defense
|
|
|
Battery & Energy Products
|
|
$ |
20,008 |
|
|
$ |
16,579 |
|
|
$ |
3,429 |
|
|
Communications Systems
|
|
|
1,753 |
|
|
|
- |
|
|
|
1,753 |
|
|
Total
|
|
$ |
21,761 |
|
|
$ |
16,579 |
|
|
$ |
5,182 |
|
| |
|
|
|
|
|
|
76 |
% |
|
|
24 |
% |
Nine-month period ended September 30, 2022:
| |
|
Total
Revenue
|
|
|
Commercial
|
|
|
Government/
Defense
|
|
|
Battery & Energy Products
|
|
$ |
87,873 |
|
|
$ |
70,154 |
|
|
$ |
17,719 |
|
|
Communications Systems
|
|
|
7,860 |
|
|
|
- |
|
|
|
7,860 |
|
|
Total
|
|
$ |
95,733 |
|
|
$ |
70,154 |
|
|
$ |
25,579 |
|
| |
|
|
|
|
|
|
73 |
% |
|
|
27 |
% |
Nine-month period ended September 30, 2021:
| |
|
Total
Revenue
|
|
|
Commercial
|
|
|
Government/
Defense
|
|
|
Battery & Energy Products
|
|
$ |
64,994 |
|
|
$ |
46,935 |
|
|
$ |
18,059 |
|
|
Communications Systems
|
|
|
9,510 |
|
|
|
- |
|
|
|
9,510 |
|
|
Total
|
|
$ |
74,504 |
|
|
$ |
46,935 |
|
|
$ |
27,569 |
|
| |
|
|
|
|
|
|
63 |
% |
|
|
37 |
% |
U.S. and Non-U.S. Revenue Information1:
Three-month period ended September 30, 2022:
| |
|
Total
Revenue
|
|
|
United
States
|
|
|
Non-United
States
|
|
|
Battery & Energy Products
|
|
$ |
28,583 |
|
|
$ |
13,433 |
|
|
$ |
15,150 |
|
|
Communications Systems
|
|
|
4,651 |
|
|
|
3,547 |
|
|
|
1,104 |
|
|
Total
|
|
$ |
33,234 |
|
|
$ |
16,980 |
|
|
$ |
16,254 |
|
| |
|
|
|
|
|
|
51 |
% |
|
|
49 |
% |
Three-month period ended September 30, 2021:
| |
|
Total
Revenue
|
|
|
United
States
|
|
|
Non-United
States
|
|
|
Battery & Energy Products
|
|
$ |
20,008 |
|
|
$ |
7,941 |
|
|
$ |
12,067 |
|
|
Communications Systems
|
|
|
1,753 |
|
|
|
1,249 |
|
|
|
504 |
|
|
Total
|
|
$ |
21,761 |
|
|
$ |
9,190 |
|
|
$ |
12,571 |
|
| |
|
|
|
|
|
|
42 |
% |
|
|
58 |
% |
Nine-month period ended September 30, 2022:
| |
|
Total
Revenue
|
|
|
United
States
|
|
|
Non-United
States
|
|
|
Battery & Energy Products
|
|
$ |
87,873 |
|
|
$ |
41,303 |
|
|
$ |
46,570 |
|
|
Communications Systems
|
|
|
7,860 |
|
|
|
6,609 |
|
|
|
1,251 |
|
|
Total
|
|
$ |
95,733 |
|
|
$ |
47,912 |
|
|
$ |
47,821 |
|
| |
|
|
|
|
|
|
50 |
% |
|
|
50 |
% |
Nine-month period ended September 30, 2021:
| |
|
Total
Revenue
|
|
|
United
States
|
|
|
Non-United
States
|
|
|
Battery & Energy Products
|
|
$ |
64,994 |
|
|
$ |
32,344 |
|
|
$ |
32,650 |
|
|
Communications Systems
|
|
|
9,510 |
|
|
|
4,670 |
|
|
|
4,840 |
|
|
Total
|
|
$ |
74,504 |
|
|
$ |
37,014 |
|
|
$ |
37,490 |
|
| |
|
|
|
|
|
|
50 |
% |
|
|
50 |
% |
1 Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects.
|