Note 11 - Business Segment Information

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Segment Reporting Disclosure [Text Block]

11. BUSINESS SEGMENT INFORMATION

We report our results in two 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 March 31, 2022:

	Battery & Energy Products		Communications Systems		Corporate			Total
Revenues	$	29,150	$	1,223	$	-		$	30,373
Segment contribution		6,721		237		(7,253	)		(295	)
Other expense						(117	)		(117	)
Tax benefit						251			251
Non-controlling interest						(7	)		(7	)
Net loss attributable to Ultralife								$	(168	)

Three-month period ended March 31, 2021:

	Battery & Energy Products		Communications Systems		Corporate			Total
Revenues	$	22,111	$	3,862	$	-		$	25,973
Segment contribution		5,436		1,542		(6,026	)		952
Other expense						(56	)		(56	)
Tax provision						(217	)		(217	)
Non-controlling interest						(8	)		(8	)
Net income attributable to Ultralife								$	671

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

Commercial and Government/Defense Revenue Information:

Three-month period ended March 31, 2022:

	Total Revenue		Commercial			Government/ Defense
Battery & Energy Products	$	29,150	$	23,260		$	5,890
Communications Systems		1,223		-			1,223
Total	$	30,373	$	23,260		$	7,113
				77	%		23	%

Three-month period ended March 31, 2021:

	Total Revenue		Commercial			Government/ Defense
Battery & Energy Products	$	22,111	$	14,345		$	7,766
Communications Systems		3,862		-			3,862
Total	$	25,973	$	14,345		$	11,628
				55	%		45	%

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

Three-month period ended March 31, 2022:

	Total Revenue		United States			Non-United States
Battery & Energy Products	$	29,150	$	14,540		$	14,610
Communications Systems		1,223		1,152			71
Total	$	30,373	$	15,692		$	14,681
				52	%		48	%

Three-month period ended March 31, 2021:

	Total Revenue		United States			Non-United States
Battery & Energy Products	$	22,111	$	12,590		$	9,521
Communications Systems		3,862		1,468			2,394
Total	$	25,973	$	14,058		$	11,915
				54	%		46	%

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