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KULR Technology Group, Inc.

KULR Technology Group, Inc.

AMEX•KULR
CEO: Mr. Michael Mo
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 2018-07-19
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; cellchecks; safecases; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. It sells its products for applications, such as lithium-ion battery energy storage, electric vehicles, 5G communication, cloud computer infrastructure, consumer, and industrial devices. The company was formerly known as KT High-Tech Marketing Inc. and changed its name to KULR Technology Group, Inc. in August 2018. KULR Technology Group, Inc. was founded in 2013 and is based in San Diego, California.
Contact Information
4863 Shawline Street, San Diego, CA, 92111, United States
408-663-5247
www.kulrtechnology.com
Market Cap
$157.57M
P/E (TTM)
-8.3
24.4
Dividend Yield
--
52W High
$43.92
52W Low
$2.16
52W Range
4%
2.1
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.1 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q2 2025 Data

Revenue

$3.97M+63.36%
4-Quarter Trend

EPS

$0.22-776.92%
4-Quarter Trend

FCF

-$12.14M+124.34%
4-Quarter Trend

2025 Q2 Earnings Highlights

Key Highlights

Q2 Revenue Growth Strong Q2 Revenue $3.97M, up 63% from $2.43M; Six-month revenue $6.42M, up 54% versus prior year.
Digital Asset Gains Boost Net Income Q2 2025 net income $8.14M driven by $17.37M change in digital asset fair value recognized.
Balance Sheet Swells via Bitcoin Total Assets grew to $141.46M (up from $62.93M) primarily due to $99.49M in Bitcoin holdings.
Financing Provided Liquidity Secured $89.48M gross proceeds from At The Market offerings during six months ended June 30, 2025.

Risk Factors

Bitcoin Price Volatility Risk Significant holdings expose financials to sharp price fluctuations; Q1 saw $9.75M fair value decrease.
Operating Cash Burn Worsens Net cash used in operations worsened to $(21.72M) for six months, necessitating reliance on financing activities.
Customer Revenue Concentration Top customer A accounted for 36% of Q2 revenue, posing material risk from reduction or default.
Mining Lease Cost Exposure Fixed lease costs for mining operations may exceed fluctuating Bitcoin revenue, potentially causing operating losses.

Outlook

KULR Core AI Development Building AI infrastructure on Nvidia/AMD platforms; custom Battery Management System qualification nearing completion.
K1S Space Platform Maturing KULR ONE Space platform leveraging PPRFA architecture; awaiting final NASA Artemis II certification for 2026.
Post-Period Capital Raising Issued 1.6M shares post-period for $10.7M via ATM; secured $8.0M loan collateralized by 232 Bitcoin.
Strategic System Solutions Focus Seeking partnerships to scale up as a systems provider for Li-ion storage, EV, and defense markets.

Peer Comparison

Revenue (TTM)

Methode Electronics, Inc.MEI
$1.03B
-4.9%
Waldencast plcWALD
$492.01M
+59.4%
Ceragon Networks Ltd.CRNT
$380.52M
+5.1%

Gross Margin (Latest Quarter)

Waldencast plcWALD
68.6%
+1.1 pp
Eventbrite, Inc.EB
67.5%
-1.2 pp
Sequans Communications S.A.SQNS
64.4%
-8.8 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
AXTI$366.69M-15.2-12.4%18.9%
INSG$250.28M38.6-21.3%52.5%
MEI$236.99M-4.4-7.7%46.8%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+7.6%
Steady Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention

Research & Insights

Reports
All Years

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 14, 2025|
    Revenue: $3.97M+63.4%
    |
    EPS: $0.22-776.9%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 15, 2025|
    Revenue: $2.45M+40.0%
    |
    EPS: $-0.07+98.9%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 31, 2025|
    Revenue: $10.74M+9.2%
    |
    EPS: $-0.09+53.0%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 13, 2024|
    Revenue: $3.19M+4.8%
    |
    EPS: $-0.01-78.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 12, 2024|
    Revenue: $2.43M-9.8%
    |
    EPS: $-0.03-40.8%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 15, 2024|
    Revenue: $1.75M-0.6%
    |
    EPS: $-0.04-39.8%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 12, 2024|
    Revenue: $9.83M+146.1%
    |
    EPS: $-0.20-11.1%
    Beat

  • Form 10-Q - Q3 2023

    Period End: Sep 30, 2023|Filed: Nov 14, 2023|
    Revenue: $3.04M+118.3%
    |
    EPS: $-0.05-10.2%
    Beat