KULR Technology Group

KULR Technology Group, Inc. engages in the development and commercialization of thermal management technologies for batteries, electronics, and other components across an array of battery-powered applications. Its total battery safety solution products can be used for electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. The company was founded by Michael Mo in December 2015 and is headquartered in San Diego, CA.

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

KULR Technology Group excels in Q1 2024, eyes space battery market

KULR Technology Group's Q1 2024 performance reflects strong revenue growth, cost management improvements, and strategic advancements in battery design and testing.
While facing challenges in product revenue and cost discipline, the company is well-positioned to leverage opportunities in the space battery market and drive innovation through data-driven solutions.

KULR Technology Group excels in Q2 2024, poised for industry leadership

KULR Technology Group's Q2 2024 performance reflects strong revenue growth, strategic investments, and product development initiatives.
The company's financial stability, technological advancements, and market expansion efforts position it well for future growth and industry leadership.
While facing challenges in scaling operations and navigating industry dynamics, KULR remains focused on innovation and seizing growth opportunities.
Overall, KULR's Q2 2024 earnings call highlights a promising outlook driven by revenue growth, product diversification, and market expansion strategies.

KULR Technology Group achieves record revenue, eyes growth opportunities ahead

KULR Technology Group reported strong financial performance, highlighted by record revenue and strategic investments in growth areas.
The company's focus on diversification, operational efficiency, and readiness for future demand signals a proactive approach to sustainable growth.
While facing challenges in managing growth and regulatory complexities, KULR is well-positioned to capitalize on opportunities in evolving markets.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

KULR Technology Group, Inc. engages in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems. Its products include cellcheck, safecase, thermal capacitor, fiber thermal interface, thermal runaway shield, internal short circuit, and cathode. The company was founded by Michael Mo and Timothy R. Knowles in December 2015 and is headquartered in San Diego, CA.

Assertio Therapeutics Inc

Babcock & Wilcox Enterprises

Investors might be intrigued by penny stocks because they are so cheap to own. By investing $100 into a stock that trades for $0.50, you can own 200 shares of a company in your portfolio.

3 Penny Stocks With 458% Average Upside According to Wall Street Analysts

SAN DIEGO, June 03, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced that it will not be extending its Standby Equity Purchase Agreement (“SEPA”), with YA II PN, LTD. ("Yorkville"), which terminated on June 1, 2024. Furthermore, the Company confirms that it has retired all outstanding debt owed to Yorkville.

KULR Announces Expiration of SEPA Facility and Compliance with NYSE Guidelines on Audit Opinion Disclosure

Battery Testing and Analysis Services Unit to Generate $8 Million to $10 Million Revenue Annually Starting in 2025 SAN DIEGO, May 29, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the “Company” or “KULR”), a global leader in sustainable energy management, today announced it has secured a contract from a top Japanese multinational automaker (“Automaker”) for testing and analysis of high-energy battery cells intended for their next-generation electric vehicles. The Company will utilize its KULR ONE Design Solutions (K1-DS) platform to expedite design readiness for the Automaker's future electric vehicle buildout.

KULR Experiences Fast-Growing Demand for Next-Gen EV Battery Safety and Testing Solutions with Order from Top Japanese Automaker

SAN DIEGO, May 23, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, today announced that, in keeping with the Company's recent efforts to reduce its cash consumption, KULR's compensation committee approved a voluntary request by CEO Michael Mo to reduce the cash component of his compensation by 33% and, believing in the future of KULR, to instead grant him an equity incentive grant that does not vest for 12 months from such grant date. The strategic move ensures one-third of Mr.

KULR CEO Michael Mo Reduces Cash Salary to Better Align with Shareholder Value Creation

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 23, 2024) - Investorideas.com, a go-to investing platform covering electric vehicles releases a report on the evolution of the sector as the recreational market follows suit, featuring KULR Technology Group, Inc (NYSE American: KULR), a global leader in safe and high-performance energy storage solutions. Read the full article on Investorideas.com https://www.investorideas.com/News/2024/renewable-energy/05230Recreational-Market-EV.asp As all industry sectors of vehicles build out their electric portfolios, battery safety is still a key issue to address.

The Recreational Market Joins the Electrification Revolution of Vehicles; Battery Safety Still Key

SAN DIEGO, May 22, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), global leader in safe and high-performance energy storage solutions, is pleased to announce it has been awarded an engineering contract with Bombardier Recreational Products (“BRP”) (NASDAQ: DOOO) for the Company's Fractional Thermal Runaway Calorimetry (FTRC) testing services. This milestone underscores KULR's expanding influence and commitment to advancing battery safety in the rapidly growing electric recreational products sector. With an already established presence in space and military safe battery designs, KULR looks to continue discussions and market expansion with potential customers from major electric aviation, electric maritime, EV, and recreational off-road vehicle manufacturers.

KULR Secures Test Engineering Contract with Bombardier Recreational Products

KULR Technology Group (KULR) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.

KULR Technology Group (KULR) Loses -21.71% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner

KULR Technology Group, Inc. (NYSE:KULR ) Q1 2024 Results Conference Call May 15, 2024 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Stuart Smith All right. Thank you for joining us today for the KULR Technology Group First Quarter 2024 Earnings Call.

KULR Technology Group, Inc. (KULR) Q1 2024 Earnings Call Transcript

Kulr Technology (NYSEMKT: KULR ) stock is falling on Thursday following the release of the thermal management technology company's earnings report for the first quarter of 2024. Unfortunately for KULR stockholders, the company reported earnings per share of -4 cents during the quarter.

Why Is Kulr Technology (KULR) Stock Down 28% Today?

SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) --   KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the first quarter ended March 31, 2024.

KULR Technology Group Reports First Quarter 2024 Financial Results

SAN DIEGO, May 13, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, is excited to announce the launch of the KULR Online Marketplace. This innovative platform is now live and features the Safe-X product line, including SafeCASE models and SafeSLEEVE products, available for purchase both on KULR's online marketplace and through Safeware.com, a premier distributor for Hazmat and fire safety equipment.

KULR Adds United Parcel Service to its Battery Safety Shipping Platform, Forms Strategic Partnership with Safeware for Online Marketplace

NYSE:KULR will hold a conference call on Wednesday, May 15th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its 1st Qtr. financial results.

KULR Technology Group Sets First Quarter 2024 Earnings Call for Wednesday, May 15, 2024 at 4:30 p.m. ET

As the exclusive licensee of the L-FTRC technology from NASA, KULR is uniquely positioned to service customers in electric vehicles & grid energy storage.

KULR Technology Successfully Completes 200 Amp-Hour Battery Fractional Thermal Runaway Calorimetry Test for EV Customer

SAN DIEGO, May 06, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high-performance energy storage solutions, today announced that on May 01, 2024, the Company received written notification from the NYSE American LLC ("NYSE American") stating that the Company has regained compliance with the NYSE American's continued listing standards set forth in Part 10 of the NYSE American Company Guide. Specifically, the Company has resolved the continued listing deficiency with respect to the low selling price of its common stock as described in Section 1003(f)(v) of the NYSE American Company Guide due to shares of its common stock demonstrating sustained price improvement.

KULR Technology Group Regains Compliance with NYSE American Continued Listing Standards

Amprius Technologies Inc

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 1, 2024) - Investorideas.com, a go-to investing platform covering battery stocks releases a news report drilling down on developments for better batteries, featuring KULR Technology Group, Inc. (NYSE American: KULR), a leading energy management platform company offering proven solutions that play a critical role in accelerating the electrification of the circular economy. Read the full article on Investorideas: https://www.investorideas.com/News/2024/renewable-energy/05010Evolution-of-Batteries.asp For investors that use the 'Follow the Money' strategy, the big guys are betting that silicon will address some of the limitations of lithium batteries the industry is facing.

Investing in the Evolution of Batteries- An Electrifying Journey

KULR ONE Space and KULR ONE Guardian Platforms to Integrate Amprius Silicon Anode SA10 Cells SAN DIEGO, April 30, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in safe and high performance energy storage solutions, today announced a leap forward in battery technology tailored for defense and space applications as KULR Technology Group (NYSE: KULR) and Amprius Technologies (NYSE: AMPX) officially announce their strategic partnership. This collaboration heralds the integration of Amprius' innovative high performance cylindrical cell into KULR ONE Space and Guardian battery architectures, renowned for their high reliability and robust safety protection, for aerospace and military applications.

KULR Technology Group and Amprius Technologies Form Strategic Partnership for Advanced Battery Packs

(NYSE American: KULR) announced it has delivered, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.

KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine

KULR Technology Group (KULR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

KULR Technology Group (KULR) Upgraded to Buy: Here's What You Should Know

Former DuPont Executive Brings Decades of Private and Public Market Experience to Company's Board SAN DIEGO, April 15, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced the appointment of new independent director, Donna H. Grier, to the Company's Board of Directors (the “Board”).

KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors

KULR Technology Group, Inc. (NYSE:KULR ) Q4 2023 Earnings Call Transcript April 12, 2024 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Conference Call Participants Theodore O'Neill - Litchfield Hills Research Michael Legg - Benchmark Company Stuart Smith Welcome everyone to the Full Year 2023 Earnings Call for KULR Technology Group, Inc. Incorporated. The company is traded on the New York Stock Exchange, the NYSE under the ticker symbol KULR.

KULR Technology Group, Inc. (KULR) Q4 2023 Earnings Call Transcript

Full-Year 2023 Revenue Up 146% Year-Over-Year SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023. Full-Year 2023 Financial Results: Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022.

KULR Technology Group Reports Record Annual Revenue for 2023

KULR Technology Group, Inc. (NYSE American: KULR) announces the successful delivery of its custom-designed KULR ONE battery packs to the United States Army

KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations

In a landmark development, KULR has received an initial award to supply SafeCASES to a leading electric vertical take-off and landing ("eVTOL") company

KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing

KULR Technology Group NYSE:KULR unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion.

KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

SAN DIEGO, April 01, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, will hold a conference call on Friday, April 12th at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The financial results will be issued in a press release prior to the call.

News for KULR Technology Group Stock (KULR)