Grizzly Research short ‘just a fancy PR machine’ KULR Technology

In a recently published report, Grizzly Research says it is short KULR Technology (KULR), calling it “just a fancy PR machine trying to impress gullible investors with little business success and a dim future ahead.” “The most recent earnings, presented as a “record revenue year and quarter,” are hiding a disastrous quarter marked by declining sales in products and services. The results were inflated by pulling forward millions of dollars in revenue from the recent licensing agreements, even though the payments will be made over the next three to five years,” the report reads. “Our interviews with former employees were damning and confirmed all our suspicions. From fluff PRs, unsellable products, to lack of attractiveness, customer retention, and business scalability, we have little hope for the company’s future. Recent marketing moves from the company, such as a doubling of revenue projection for 2025, a future partnership in robotics and AI, and the purchase of bitcoins, appear to us as the regular meaningless PR acrobatics to keep the stock price afloat.” Shares of KULR are down almost 4% in Thursday morning trading.