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KULR Technology Group (KULR)
NYSE MKT:KULR
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Earnings Data
Report Date
Mar 14, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.02Last Year’s EPS
-$0.04Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 13, 2024
|% Change Since: 497.17%
|Next Earnings Date:Mar 14, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive outlook with record revenue and significant operational improvements. However, there are notable challenges such as a decline in product revenue and customer concentration risks. The company is taking steps to address these issues, including diversifying its customer base and improving supply chain management.Company Guidance
During the KULR Technology Group's Q3 2024 earnings call, significant financial and operational metrics were highlighted by executives Michael Mo and Shawn Canter. The company achieved a record revenue of approximately $3.19 million, marking a 5% increase from the same period last year. Customer growth was robust, with total paying customers increasing by 83% and engineering service revenue customers up by 143%. Despite a 60% decline in product revenue attributed to market timing, service revenue rose by 22%. The company also celebrated a significant milestone with its first revenue-generating license agreement, contributing over $1 million. Operating expenses saw a reduction, with research and development costs down 32% and SG&A costs down 41%, resulting in an overall 38% decrease in operating expenses year-over-year. Gross margins improved significantly to 71% from 44% in the previous year, partly due to the license agreement. The company reported a $0.01 loss per share, showing an 80% improvement from the prior year. The balance sheet showed strength with cash plus accounts receivable up 71% and total liabilities down 45%.Record Revenue Achievement
KULR achieved record revenue of approximately $3.19 million in Q3 2024, a 5% increase from the same period last year.
Significant Increase in Paying Customers
Total paying customers for the quarter increased by 83%, with engineering service revenue customers increasing by 143% and product revenue customers by 54%.
Improved Gross Margin
Gross margin for the third quarter was 71%, a significant increase from 44% in the same period last year.
Operating Expenses Reduction
Operating expenses were reduced by 38% year-over-year, with R&D costs down 32% and SG&A costs down 41%.
Expansion in Defense Contracts
The development contract for Army devcom was expanded to over $2.4 million, indicating a strong commitment to military applications.
First Revenue-Generating License Agreement
KULR signed its first revenue-generating license agreement in Q3, contributing over $1 million in revenue.
Strategic Headquarter Designation
The Texas facility was officially designated as the new headquarters, enhancing capabilities in product and service solutions.
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KULR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KULR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 13, 2024 | $0.49 | $0.38 | -22.45% |
| Aug 12, 2024 | $0.26 | $0.21 | -19.23% |
| May 15, 2024 | $0.47 | $0.37 | -21.28% |
| Apr 12, 2024 | $0.80 | $0.58 | -27.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KULR Technology Group (KULR) report earnings?
KULR Technology Group (KULR) is schdueled to report earning on Mar 14, 2025, TBA Not Confirmed.
What is KULR Technology Group (KULR) earnings time?
KULR Technology Group (KULR) earnings time is at Mar 14, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KULR EPS forecast?
KULR EPS forecast for the fiscal quarter 2024 (Q4) is -$0.02.
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