Mar. 14 at 8:46 PM
$ULBI 🔋 GAAP loss fooled everyone — real story is different
$12.2M non-cash write-down = one-time noise
strip it out:
adjusted EBITDA +46% YoY
revenue +10.6%
backlog
$110.2M ↑ vs
$90.3M last quarter
58% of annual revenue already locked in
medical batteries +39.6%
$5.2M DLA military contract
directors buying stock
chart: earnings spike
$5.02 →
$7.22
now digesting at
$6.54
hold
$6.18–
$6.30 = bounce
targets:
$7.22 →
$7.70 →
$8.50
stop:
$5.85
Iran conflict = military battery demand
zero analyst coverage = under the radar
$117M micro-cap · size accordingly
#ULBI #DefenseStocks #hovdid