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Consolidated Statements of (Loss) Income and Comprehensive (Loss) Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues [1] $ 98,267 $ 107,712
Cost of products sold 73,625 78,553
Gross profit 24,642 29,159
Operating expenses:    
Research and development 6,826 5,947
Selling, general and administrative 17,781 17,511
Total operating expenses 24,607 23,458
Operating income 35 5,701
Other expense (income):    
Interest and financing expense 242 436
Miscellaneous income (56) (165)
Gain on litigation settlement 0 (1,593)
Total other expense (income) 186 (1,322)
(Loss) income before income taxes (151) 7,023
Income tax provision 79 1,692
Net (loss) income (230) 5,331
Net income attributable to non-controlling interest 4 99
Net (loss) income attributable to Ultralife Corporation (234) 5,232
Other comprehensive income:    
Foreign currency translation adjustments 129 749
Comprehensive (loss) income attributable to Ultralife Corporation $ (105) $ 5,981
Net (loss) income per share attributable to Ultralife Corporation common shareholders – Basic (in dollars per share) $ (0.01) $ 0.33
Net (loss) income per share attributable to Ultralife Corporation common shareholders – Diluted (in dollars per share) $ (0.01) $ 0.33
Weighted average shares outstanding – Basic (in shares) 16,037 15,902
Weighted average shares outstanding – Diluted (in shares) 16,037 16,096
[1] Sales classified to U.S. include shipments to U.S.-based prime contractors which in some cases may serve non-U.S. projects.