How did ULBI's revenue and expenses shift in Q4 2024?

**Ultralife Corporation (ULBI) experienced a decline in revenue and a shift in expenses in Q4 2024 compared to the same period in the previous year.**

1. **Revenue Shift**:
- **Decrease in Total Revenue**: ULBI's total revenue for Q4 2024 was $43.85 million, reflecting a 1.6% decline from the $44.47 million reported in Q4 2023.
- **Analyst Expectations**: Analysts had anticipated revenue to be $40.00 million for the quarter, indicating that the actual figure was slightly higher than expected.
- **Segmental Performance**: While specific segmental details for Q4 2024 are not available, it is clear that the overall revenue trend was downward. This decline was observed across various segments, including battery and energy products and communications systems.

2. **Expense Shift**:
- **Net Income**: The company reported a quarterly net income of $194 thousand in Q4 2024, which is a significant decrease from the $1.33 million reported in Q3 2023.
- **Earnings Per Share (EPS)**: The EPS for Q4 2024 was $0.01, compared to $0.08 in Q3 2023. This indicates a substantial drop in earnings per share.
- **Operating Expenses**: There is no detailed information about the operating expenses for Q4 2024. However, the overall trend of declining revenue and net income suggests that expenses were likely higher relative to revenue, impacting profitability.
3. **Comparative Insights**:
- **Quarterly Variance**: ULBI's performance in Q4 2024 was notably weaker than Q3 2024, where the company reported revenue of $35.69 million and net income of $0.258 million.
- **Year-Over-Year Variance**: The decline in revenue and net income in Q4 2024 is more pronounced when compared to Q4 2023, indicating that the challenges faced by the company intensified during this period.
4. **Challenges and Strategic Responses**:
- **Strategic Initiatives**: Despite the challenges, ULBI has been focusing on strategic initiatives such as negotiating material cost deflation, managing debt reduction, and enhancing its product portfolio through acquisitions.
- **Financial Management**: The company has demonstrated strong financial management by reducing debt and improving its working capital position.

In conclusion, ULBI faced a challenging quarter in Q4 2024, characterized by a decline in revenue and a significant drop in net income. The company's focus on strategic initiatives and financial management efforts will be crucial in navigating these difficulties and positioning itself for future growth.