Ultralife to Record Non-Cash Impairment Charge of $14.0 Million

By Benzinga Staff
December 29, 2010 8:29 AM

Symbols: ULBI

Posted in: News

Ultralife Corporation (NASDAQ: ULBI) announced today that the Company will take a non-cash impairment charge of approximately $14.0 million, or $0.81 per share, in the fourth quarter to write off fully the goodwill and intangible and fixed assets associated with its standby power business included in the Energy Services segment.

The amount of this charge is a preliminary estimate based on management assumptions and a valuation analysis.

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Ultralife to Record Non-Cash Impairment Charge of $14.0 Million

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