On the stock market since 1992, it operates in the world of heavy industry. It has 678 employees. Now — the numbers.
The company is still in the product-building phase: its spending runs above its sales. That only changes once the product starts selling at scale.
That much dependence is a risk in itself: if this one line weakens, the whole company feels it directly.
Average growth of 18% a year over the last 4 years. Red columns mark years that ended in a loss.
Before the clock runs out, either sales must climb sharply or new money must come in. This is the most critical line in the whole picture.
We compared this company with its own sector across five subjects.
A score of 50 means class average.
Clearly below the class average.
A solid grade overall — yet the debt outweighs the cash. The strength here comes from earnings power.
Clearly above the class average — a step short of the very top.
There is growth, but not at top-of-the-class tempo.
Clearly below the class average.
Price Momentum: The stock has lagged the market in recent months; investor interest is weak right now.
Business Quality: Profit power and business quality trail similar companies in the sector.
The stock trades 58% below its peak. The market has trimmed its expectations for the company.
Over the last 3 years, sales grew about 13% a year on average.
Sales run at $191.2M a year. A small number, but proof the product has real buyers.
Over the last 12 months, company executives reported 20 buys and 0 sells. Management buying with its own money is usually read as a good sign.
A loss of $5.9M against $191.2M in annual sales.
At the current pace of spending, the cash lasts about 1.6 years. After that, the company needs to find new money.
On our five-subject report card, ULBI sits behind the class. A low grade doesn’t mean “doomed” — it means “big claim, small proof.”
The takeaway: ULBI is a high-risk stock — not yet profitable, and its future rides on its product catching on.
The total grade weighs these five subjects against the sector — it isn’t a simple average of the five.