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Note 10 - Business Segment Information
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]

10.

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. 

 

The components of segment performance were as follows:

 

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)

 

Three-month period ended September 30, 2020:

 

  

Battery &

Energy

Products

  

Communications

Systems

  

Corporate

  

Total

 

Revenues

 $21,819  $2,543  $-  $24,362 

Segment contribution

  5,677   834   (5,804)  707 

Other expense

          (53)  (53)

Tax provision

          (192)  (192)

Non-controlling interest

          (55)  (55)

Net income attributable to Ultralife

             $407 

 

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 

 

Nine-month period ended September 30, 2020:

 

  

Battery &

Energy

Products

  

Communications Systems

  

Corporate

  

Total

 

Revenues

 $66,616  $12,120  $-  $78,736 

Segment contribution

  17,019   4,789   (17,322)  4,486 

Other expense

          (262)  (262)

Tax provision

          (1,010)  (1,010)

Non-controlling interest

          (90)  (90)

Net income attributable to Ultralife

             $3,124 

 

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, 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%

 

Three-month period ended September 30, 2020:

 

  

Total

Revenue

  

Commercial

  

Government/

Defense

 

Battery & Energy Products

 $21,819  $15,772  $6,047 

Communications Systems

  2,543   -   2,543 

Total

 $24,362  $15,772  $8,590 
       65%  35%

 

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%

 

Nine-month period ended September 30, 2020:

 

  

Total

Revenue

  

Commercial

  

Government/

Defense

 

Battery & Energy Products

 $66,616  $46,746  $19,870 

Communications Systems

  12,120   -   12,120 

Total

 $78,736  $46,746  $31,990 
       59%  41%

 

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

 

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%

 

Three-month period ended September 30, 2020:

 

  

Total

Revenue

  

United

States

  

Non-United

States

 

Battery & Energy Products

 $21,819  $10,820  $10,999 

Communications Systems

  2,543   2,263   280 

Total

 $24,362  $13,083  $11,279 
       54%  46%

 

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%

 

Nine-month period ended September 30, 2020:

 

  

Total

Revenue

  

United

States

  

Non-United

States

 

Battery & Energy Products

 $66,616  $36,299  $30,317 

Communications Systems

  12,120   10,840   1,280 

Total

 $78,736  $47,139  $31,597 
       60%  40%

 

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