VALENCE TECHNOLOGY

Die haben aus einem Verlust von 0,23 einen Gewinn von 0,02 gezaubert und wichtige Verträge mit der Army, kann ich fast selber nicht mehr lesen. Die US-Streitkräfte sind ein wichtiger Partner für viele Unternehmen, da gibts verdammt viele. Also, abwarten ob VLNC in die Gewinnzone kommt, dann dürfen wir über Kurse von 10 Dollar reden. Gruss E. Ultralife Batteries, Inc. Reports First Quarter EPS of $0.02 on Revenue of $15.4 Million; Revenues Increase 74% Over Prior Year; Operating Profit is $0.6 Million TUESDAY, MAY 13, 2003 7:30 AM - BusinessWire NEWARK, N.Y., May 13, 2003 (BUSINESS WIRE) -- Ultralife Batteries, Inc. (ULBI) today is reporting operating income of $0.6 million and net income of $0.3 million, or $0.02 per share, on revenues of $15.4 million for the quarter ended March 29, 2003. These revenues represent a 74% increase over the Company's previous quarterly record of $8.9 million reported for the same three-month period a year ago. In addition, the Company's operating cash flow, defined as operating income plus depreciation and amortization, amounted to $1.3 million. Revenue growth was fueled by greater demand for the Company's HiRate(R) battery products, particularly related to orders for UBI5390 batteries from the U.S. military used in a wide variety of communications and weapons applications. In addition, shipments of 9-volt batteries reached a quarterly record, and revenues from battery pack assemblies continued to increase. Consolidated gross margin for the first quarter of 2003 was $3.2 million, an improvement of more than $2.2 million over the same quarter a year ago. Higher primary battery sales volumes, partially offset by ramp-up costs associated with the rapid growth in production levels, resulted in the gross margin increase. The Company achieved operating income of $0.6 million compared to an operating loss of $2.1 million a year earlier. This progress resulted from the improvement in gross margins, as well as lower research and development costs attributable to the Company's rechargeable operations. Net income for the quarter ended March 29, 2003 was $0.3 million, or $0.02 per share, compared to a net loss of $2.8 million, or $0.23 per share in the same three-month period last year