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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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $354.22M | 26.36 | 5.10% | 0.57% | -8.41% | -47.10% | |
57 Neutral | $19.95B | 9.66 | -12.05% | 2.76% | 5.40% | -24.89% | |
56 Neutral | $379.05M | ― | -53.83% | ― | 33.41% | 81.07% | |
49 Neutral | $488.24M | ― | -3.50% | ― | -4.57% | 84.12% | |
49 Neutral | $298.91M | ― | -134.07% | ― | -35.31% | -2.18% | |
46 Neutral | $344.11M | ― | -63.44% | ― | 9.23% | 51.61% | |
42 Neutral | $366.88M | ― | -118.08% | ― | ― | ― |
KULR Technology Group Earnings Call Summary
KULR Technology Group Corporate Events
On April 10, 2025, KULR Technology Group announced that its CEO and Co-Founder, Michael Mo, will speak at Strategy World 2025, a global conference on AI, BI innovation, and Bitcoin treasuries. KULR, a Silver sponsor of the event, aims to promote discussions on Bitcoin treasury benefits and engage with industry leaders. The company has integrated Bitcoin into its treasury strategy, purchasing over 660 BTC, and is committed to allocating up to 90% of its surplus cash to Bitcoin. This move aligns with KULR’s focus on distributed systems and AI-driven energy management solutions.
Spark’s Take on KULR Stock
According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.
KULR Technology Group’s overall score reflects its strong revenue growth and equity position but is weighed down by profitability struggles and cash flow challenges. The technical indicators suggest a lack of positive momentum, and the valuation remains unattractive due to ongoing losses and Bitcoin-related volatility. Despite positive earnings call updates, the reliance on external financing poses risks if market conditions worsen.
To see Spark’s full report on KULR stock, click here.
KULR Technology Group reported a 44% increase in revenue for the fourth quarter of 2024, highlighting significant operational achievements, including securing key defense contracts and launching new products like the KULR Xero Vibe solution. The company also announced a strategic shift by incorporating Bitcoin into its treasury strategy, expanding its holdings to 668 BTC, and regained compliance with NYSE American listing standards. These developments position KULR as a strong player in the energy management and AI ecosystem, with implications for stakeholders in terms of enhanced market presence and financial stability.
On March 13, 2025, KULR Technology Group announced that a prominent private U.S. space company has acquired its NASA-certified M35A battery cells for use in spaceflight programs, highlighting the growing demand for KULR’s high-performance energy solutions. This acquisition underscores KULR’s ability to support both commercial and government aerospace initiatives and solidifies its position as a trusted provider of advanced energy solutions, further driving space exploration with reliable and efficient products.
On March 11, 2025, KULR Technology Group announced a conference call scheduled for March 27, 2025, to discuss the financial results for the fourth quarter and full year ending December 31, 2024. This announcement highlights KULR’s proactive approach in engaging with stakeholders and maintaining transparency about its financial performance, which could impact its market positioning and investor relations.
On February 20, 2025, KULR Technology Group announced that its headquarters in Webster, Texas, achieved AS9100 certification, a quality management standard crucial for aerospace and defense sectors. This milestone enhances KULR’s position in these industries, potentially expanding its customer base and strengthening partnerships, including work with NASA.
On February 13, 2025, KULR Technology Group announced a strategic partnership with Worksport Ltd. to advance battery technology and enhance U.S. manufacturing. This collaboration will focus on joint battery pack development, AI-driven battery management system integration, and thermal runaway protection, aiming to improve safety, performance, and scalability of energy solutions. With an increasing demand for U.S.-based production, KULR and Worksport’s partnership aligns with market preferences, positioning the companies for growth in the portable energy storage sector, which is projected to reach significant market value by 2032.
On February 11, 2025, KULR Technology Group announced the purchase of additional bitcoin worth approximately $10 million, increasing its total bitcoin holdings to 610.3 BTC. This aligns with KULR’s strategy to allocate up to 90% of its surplus cash reserves in bitcoin as part of its Bitcoin Treasury Strategy. The company reported a year-to-date BTC Yield of 167%, a key performance indicator they use to assess the effectiveness of their bitcoin acquisition strategy. However, the BTC Yield is not a traditional financial metric and should be considered as a supplementary tool for evaluating KULR’s strategy rather than a direct measure of operating performance or stock value.
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.