Top Page
KULR Technology Group
(NYSE MKT:KULR)
KULR Technology Group (KULR) vs. S&P 500 (SPY)
KULR Technology Group Business Overview & Revenue Model
KULR Technology Group Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.15M | 9.83M | 3.99M | 2.41M | 623.97K | 830.40K | Gross Profit |
| 1.22M | 3.67M | 2.36M | 1.31M | 454.95K | 603.89K | EBIT |
| -16.49M | -22.41M | -18.29M | -11.51M | -2.34M | -1.98M | EBITDA |
| -16.07M | -20.03M | -17.54M | -11.71M | -2.33M | -1.96M | Net Income Common Stockholders |
| -16.61M | -23.69M | -20.59M | -11.92M | -3.35M | -1.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.19M | 1.19M | 10.33M | 14.86M | 8.88M | 108.86K | Total Assets |
| 10.86M | 10.86M | 23.63M | 19.23M | 9.21M | 236.77K | Total Debt |
| 352.19K | 352.19K | 321.60K | 825.50K | 2.48M | 0.00 | Net Debt |
| -842.58K | -842.58K | -10.01M | -14.04M | -6.40M | -108.86K | Total Liabilities |
| 13.05M | 13.05M | 13.13M | 2.87M | 3.09M | 1.03M | Stockholders Equity |
| -2.18M | -2.18M | 10.49M | 16.37M | 6.12M | -796.97K |
| Cash Flow | Free Cash Flow | ||||
| -14.98M | -13.01M | -22.00M | -9.54M | -2.78M | -1.19M | Operating Cash Flow |
| -11.73M | -11.97M | -17.35M | -6.81M | -2.73M | -1.19M | Investing Cash Flow |
| -3.25M | -1.05M | -4.65M | -2.74M | -46.09K | 0.00 | Financing Cash Flow |
| 15.81M | 3.87M | 17.47M | 15.53M | 11.55M | 1.07M |
KULR Technology Group Technical Analysis
KULR Technology Group Risk Analysis
KULR Technology Group Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $8.32B | 85.03 | 11.30% | ― | -41.92% | -76.24% | |
58 Neutral | $21.67B | 10.60 | -18.43% | 2.42% | 4.66% | -24.45% | |
56 Neutral | $373.27M | ― | -567.81% | ― | 4.20% | 41.07% | |
46 Neutral | $2.57B | ― | -38.29% | ― | ― | 2.40% | |
45 Neutral | $102.34M | ― | -18.96% | ― | 11.09% | 0.41% | |
43 Neutral | $1.42B | ― | -90.88% | ― | -29.45% | -10.79% |
KULR Technology Group Earnings Call Summary
KULR Technology Group Corporate Events
On January 27, 2025, KULR Technology Group announced a strategic partnership with EDOM Technology to expand its reach in Taiwan’s AI supply chain. This collaboration aims to deliver KULR’s innovative energy management products, such as the KULR Xero Vibe™ and KULR ONE, to address the need for large-scale systems cooling within the AI ecosystem. The partnership aligns with the global demand for AI infrastructure, bolstered by initiatives like The Stargate Project. KULR’s CEO highlighted the potential to leverage EDOM’s expertise to integrate and distribute its technologies across Taiwan and Asia. The announcement also noted KULR’s recent advancements, including licensing agreements in data center cooling and nuclear reactor systems, further positioning the company to support the growing AI infrastructure needs.
On January 22, 2025, KULR Technology Group announced a collaboration with Scripps Research Institute’s Baran Lab to develop a novel pyrolytic carbon electrode technology. This innovation offers a cost-effective, scalable solution for synthetic organic electrochemistry, promising significant advancements in the production of pharmaceuticals and sustainable materials.
On January 21, 2025, KULR Technology Group announced the expansion of its bitcoin holdings, investing an additional $8 million to bring its total bitcoin acquisitions to $50 million. This move is part of KULR’s Bitcoin Treasury Strategy, which commits up to 90% of its surplus cash reserves to be held in bitcoin. The company reported a 127% BTC Yield, a key performance indicator that helps assess the effectiveness of its bitcoin acquisition strategy in enhancing shareholder value. However, this KPI should not be viewed as a measure of financial performance or liquidity. The initiative aligns with KULR’s strategic goals of advancing shareholder value and disciplined financial management, but it also underscores the speculative nature of bitcoin investments and the importance of consulting detailed financial statements for comprehensive insights.
On January 16, 2025, KULR Technology Group’s Board issued 270,000 shares of Non-convertible Series A Voting Preferred Stock to CEO Michael Mo, emphasizing strategic alignment and protection against hostile actions. Concurrently, executive cash compensations and RSU grants were adjusted to reflect market conditions and leadership contributions, with notable increases for key executives.
On December 30, 2024, KULR Technology Group announced a significant licensing agreement with a new partner to develop advanced carbon fiber cathode applications for nuclear reactors in Japan. This strategic move positions KULR to expand its presence in the nuclear energy sector, particularly in the rapidly evolving Asian market, and aims to meet growing global energy demands with innovative technology solutions.
KULR Technology Group has expanded its Bitcoin Treasury by purchasing an additional $21 million worth of bitcoin, bringing its total holdings to $42 million. This move aligns with its strategy of allocating up to 90% of surplus cash reserves to bitcoin, using BTC Yield as a key performance indicator to assess the accretive impact of these acquisitions on shareholder value.
KULR Technology Group has announced a collaboration with the U.S. Army to evaluate its KULR VIBE system for vibration reduction on AH-64E Apache and UH-60 Black Hawk helicopters. This initiative, conducted with the South Carolina National Guard, aims to enhance operational efficiency, reduce maintenance costs, and improve aircraft reliability, potentially leading to broader adoption across Army Aviation platforms.
KULR Technology Group has announced the completion of a purchase of 217.18 Bitcoin for approximately $21 million as part of their Bitcoin Treasury strategy, which involves allocating up to 90% of their surplus cash to Bitcoin. The purchase is the first of many planned, using Coinbase’s Prime platform for custody and wallet services, indicating a significant shift in the company’s financial strategy and potential implications for its stakeholders.
KULR Technology Group has regained compliance with the NYSE American’s continued listing standards, resolving previous deficiencies by demonstrating compliance for two consecutive quarters. This achievement removes the company’s below compliance indicator and its name from the list of noncompliant issuers, ensuring continued monitoring under standard listing procedures, positively impacting its market position and stakeholder confidence.
KULR Technology Group announced plans to launch its KULR ONE Space battery on a SpaceX rideshare mission in 2026, marking a significant milestone for the company in the space battery market, projected to grow substantially by 2030. This mission will integrate various configurations of the battery into a 6U SmallSat, aiming to demonstrate performance and functionality while meeting NASA’s stringent safety standards. The mission will provide flight heritage to KULR’s battery architectures and introduce innovative advancements, including next-generation low-temperature cell technology and an advanced battery management system.
KULR Technology Group has launched its KULR Xero Vibe solution integrated with NVIDIA’s Jetson edge AI platform, enhancing edge AI environments with advanced vibration mitigation and AI capabilities. This integration positions KULR to address operational challenges in various sectors including data centers, wind turbines, bitcoin mining, and aerospace, offering improved efficiency, durability, and performance in AI-driven applications.
KULR Technology Group has announced the availability of NASA-certified M35A battery cells, marking a significant step forward in providing advanced energy solutions for space applications. These cells, vital for NASA’s Artemis II mission, are rigorously tested to meet stringent standards and are integrated into KULR’s innovative 400 Wh K1 Space battery. This move underscores KULR’s commitment to delivering cutting-edge, reliable solutions for aerospace and defense sectors, enhancing rapid access to space-ready technologies.
KULR Technology Group has secured a contract with the U.S. Navy to enhance its Internal Short Circuit technology, advancing battery safety by enabling activation at higher temperatures. This innovation is crucial for both military and commercial aviation, aligning with FAA and EASA safety standards by simulating extreme operational conditions. KULR’s partnership with the Navy underscores its pivotal role in battery safety advancements, supporting the aviation industry’s move towards safer, more resilient systems.
KULR Technology Group has announced the development of proprietary carbon fiber cathodes for small modular reactors, aimed at advancing nuclear fusion technology to meet rising energy demands. This innovation is seen as a key step in the transition to sustainable energy sources, leveraging KULR’s expertise from aerospace applications. With data center energy needs projected to double by 2030, KULR is positioning itself as a leader in energy management solutions, contributing to a cleaner, sustainable future.
KULR Technology Group has secured a significant contract to develop a Phase-Change Material heat sink for a major missile program, enhancing their role in defense applications. This advanced thermal solution will ensure optimal performance of missile electronics by managing extreme thermal loads. The contract highlights KULR’s expertise in thermal management technologies and aligns with their growth strategy in the defense sector.
KULR Technology Group reported record revenue of $3.19 million for Q3 2024, highlighting significant improvements in gross margins and reduced operational losses. The company secured a $2.35 million licensing deal for its KULR Xero Vibe technology and expanded its contract with the U.S. Army. These strategic advancements underscore KULR’s commitment to innovation in sustainable energy management, positioning it for growth across the space, aerospace, and defense sectors.