UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 Current Report
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                Date of Report (Date of earliest event reported):

                                February 15, 2007

                            ULTRALIFE BATTERIES, INC.
                            -------------------------
             (Exact name of registrant as specified in its charter)

                                    Delaware
                                    --------
         (State or other jurisdiction of incorporation or organization)

            0-20852                                      16-1387013
            -------                                      ----------
    (Commission File Number)                (I.R.S. Employer Identification No.)

               2000 Technology Parkway, Newark, New York    14513
               --------------------------------------------------
             (Address of principal executive offices)      (Zip Code)

                                 (315) 332-7100
                                 --------------
              (Registrant's telephone number, including area code)


Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)

[ ] Soliciting  material  pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b)

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))






Item 2.02. Results of Operations and Financial Condition.

Ultralife Batteries, Inc. (the "Company") reported an operating loss of $1.5
million on record quarterly revenues of $30.1 million for the fourth quarter
ended December 31, 2006. In comparison, the company reported an operating profit
of $0.1 million on revenues of $17.8 million for the same period last year.

The Company's press release is attached as Exhibit 99.1 to this Form 8-K. The
information set forth in this Form 8-K and the attached exhibit is being
furnished to and not filed with the Securities and Exchange Commission and shall
not be deemed to be incorporated by reference in any filing under the Securities
Exchange Act of 1934, as amended, or the Securities Act of 1933, as amended,
except to the extent specifically provided in any such filing.


Item 9.01. Financial Statements, Pro Forma Financials and Exhibits.

       (a)     Financial Statements of Business Acquired.

               Not applicable.

       (b)     Pro Forma Financial Information.

               Not applicable.

       (c)     Exhibits.

               99.1    Press Release dated February 15, 2007.






                                    SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                           ULTRALIFE BATTERIES, INC.
Dated: February 15, 2007
                                               By: /s/ Robert W. Fishback
                                               ---------------------------------
                                               Robert W. Fishback
                                               Vice President of Finance and CFO






                                INDEX TO EXHIBITS

(99) Additional Exhibits

     99.1    Press Release dated February 15, 2007.