Ultralife shares drop 13% after first-quarter loss and lower revenue

6 articles · Updated · MarketWatch · May 8

The communications and electronics company posted a $451,000 loss, or 3 cents a share, on $47.4 million revenue, versus year-earlier earnings of $1.9 million on $50.7 million.
Ultralife said lost production days at its Newark, New York, facility after a power outage and at Raynham, Massachusetts, during inventory confirmation and integration hurt results significantly.
The company also said communications systems sales stayed weak because of continued order delays, adding to pressure on quarterly performance and the stock, which fell to $6.15.

Why are insiders buying Ultralife stock after a quarterly loss, operational failures, and a 13% share price drop?

Is Ultralife's slump a company failure or a warning sign for smaller players in the booming defense industry?