| Income Statement for Ultralife Corp. (ULBI) | | | | After Hours: $ 5.97 |  -0.02 (-0.33%) | Volume: 156 | 4:46 PM EDT Oct 15, 2008 | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 137,596 | 93,546 | 70,501 | 98,182 | 79,450 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (102,644) | (71,237) | (55,062) | (74,571) | (59,221) | | Gross Operating Profit | 34,952 | 22,309 | 15,439 | 23,611 | 20,229 | | | Selling/General/Admin Expense | (21,973) | (15,303) | (11,409) | (10,771) | (8,610) | | Research & Development | (7,000) | (5,097) | (3,751) | (2,633) | (2,505) | | EBITDA | 5,979 | 1,909 | 279 | 10,207 | 9,114 | | Depreciation & Amortization | (6,178) | (4,866) | (3,181) | (3,309) | (3,133) | | EBIT | (199) | (2,957) | (2,902) | 6,898 | 5,981 | | Interest Income | 50 | 126 | 185 | 116 | 23 | | Other Income, Net | 8,043 | 502 | (318) | 566 | 1,092 | | Total Income Avail For Interest Expense | 7,894 | (2,329) | (3,035) | 1,826 | 7,096 | | Interest Expense | (2,234) | (1,424) | (821) | (598) | (543) | | Pre-Tax Income | 5,660 | (3,753) | (3,856) | 1,228 | 6,553 | | Income Taxes | (77) | (23,735) | (489) | 21,104 | (106) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | 5,583 | (27,488) | (4,345) | 22,332 | 6,447 | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | 5,583 | (27,488) | (4,345) | 22,332 | 6,447 | | | Normalized Income | 5,583 | (27,488) | (4,345) | 28,086 | 6,447 | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | - | - | - | (5,754) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | 5,583 | (27,488) | (4,345) | 22,332 | 6,447 | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | 0.36 | -1.84 | -0.30 | 1.59 | 0.49 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | 0.36 | -1.84 | -0.30 | 1.59 | 0.49 | | | Diluted EPS from Continuing Operations | 0.36 | -1.84 | -0.30 | 1.48 | 0.46 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | 0.36 | -1.84 | -0.30 | 1.48 | 0.46 | | | |
