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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 | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 9.83M | 3.99M | 2.41M | 623.97K | 830.40K | Gross Profit |
| 3.67M | 2.36M | 1.31M | 454.95K | 603.89K | EBIT |
| -22.41M | -18.29M | -11.51M | -2.34M | -1.98M | EBITDA |
| -20.03M | -17.54M | -11.71M | -2.33M | -1.96M | Net Income Common Stockholders |
| -23.69M | -20.59M | -11.92M | -3.35M | -1.98M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 1.19M | 10.33M | 14.86M | 8.88M | 108.86K | Total Assets |
| 10.86M | 23.63M | 19.23M | 9.21M | 236.77K | Total Debt |
| 352.19K | 321.60K | 825.50K | 2.48M | 0.00 | Net Debt |
| -842.58K | -10.01M | -14.04M | -6.40M | -108.86K | Total Liabilities |
| 13.05M | 13.13M | 2.87M | 3.09M | 1.03M | Stockholders Equity |
| -2.18M | 10.49M | 16.37M | 6.12M | -796.97K |
| Cash Flow | Free Cash Flow | |||
| -13.01M | -22.00M | -9.54M | -2.78M | -1.19M | Operating Cash Flow |
| -11.97M | -17.35M | -6.81M | -2.73M | -1.19M | Investing Cash Flow |
| -1.05M | -4.65M | -2.74M | -46.09K | 0.00 | Financing Cash Flow |
| 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 |
|---|---|---|---|---|---|---|---|
63 Neutral | $380.15M | 28.28 | 5.10% | 0.53% | -8.41% | -47.10% | |
61 Neutral | $592.36M | ― | -0.34% | ― | -4.76% | 97.93% | |
60 Neutral | $10.94B | 10.58 | -7.08% | 2.98% | 7.52% | -12.04% | |
57 Neutral | $448.09M | ― | -53.83% | ― | 33.41% | 81.07% | |
48 Neutral | $488.56M | ― | -118.08% | ― | ― | ― | |
46 Neutral | $346.96M | ― | -63.44% | ― | 9.23% | 51.61% | |
45 Neutral | $270.37M | ― | -134.07% | ― | -35.31% | -2.18% |
KULR Technology Group Earnings Call Summary
KULR Technology Group Corporate Events
On May 1, 2025, KULR Technology Group announced the launch of a blockchain-secured supply chain initiative aimed at enhancing transparency and security for product-related data. This move involves transitioning supply chain verification and custody tracking to a distributed ledger, which will improve data integrity and operational efficiency. The initiative includes recording lithium-ion batteries, screened to NASA’s standards, on the blockchain to ensure authenticity and streamline audits. Additionally, KULR’s strategy involves minting each battery’s metadata as an NFT, facilitating ownership transfer and inventory management. This development follows KULR’s previous commitment to holding bitcoin as a primary treasury asset, showcasing the company’s strategic embrace of blockchain technology.
Spark’s Take on KULR Stock
According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.
KULR Technology Group’s overall stock score reflects significant growth in revenue and promising strategic initiatives. However, it is weighed down by persistent profitability issues, negative cash flow, and valuation concerns. While the earnings call provided some positive updates, the heavy reliance on Bitcoin and external financing introduces additional risks.
To see Spark’s full report on KULR stock, click here.
On April 22, 2025, KULR Technology Group announced a strategic collaboration with AstroForge to develop a custom 500 watt-hour KULR ONE Space battery pack, highlighting the increasing demand for high-performance battery systems in the space industry. This partnership strengthens KULR’s position in the space battery market, showcasing its ability to provide scalable, efficient energy solutions that meet stringent safety and performance requirements, thus enhancing mission reliability for its partners.
Spark’s Take on KULR Stock
According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.
KULR Technology Group shows strengths in revenue growth and strategic initiatives, yet faces significant risks in profitability and cash flow. Technical indicators and valuation concerns weigh on the stock’s attractiveness, despite positive earnings call and corporate events.
To see Spark’s full report on KULR stock, click here.
On April 22, 2025, KULR Technology Group announced it was awarded $6,703,500 by the Texas Space Commission as part of a $26 million grant to enhance Texas’ leadership in space exploration. This funding supports KULR’s development of cold-temperature lithium-ion battery solutions for lunar and Martian missions, in collaboration with NASA Johnson Space Center and South 8 Technologies. The project will utilize KULR’s Webster, TX facility as the engineering and test hub, aligning with NASA’s Artemis objectives to improve safety and efficiency in deep space environments.
Spark’s Take on KULR Stock
According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.
KULR Technology Group’s overall score reflects strong revenue growth and strategic initiatives in AI and energy management. However, significant challenges remain with profitability, cash flow sustainability, and a reliance on volatile Bitcoin holdings. While recent earnings call updates provide a positive outlook, technical analysis and valuation concerns weigh heavily on the overall score.
To see Spark’s full report on KULR stock, click here.
On April 15, 2025, KULR Technology Group announced a strategic partnership with German Bionic to expand into the robotics and AI sectors. This collaboration includes a master distribution agreement granting KULR exclusive rights to distribute German Bionic’s exoskeletons in North America. The partnership aims to enhance the capabilities of the Apogee ULTRA exoskeleton, focusing on performance improvements and AI integration. KULR’s expansion aligns with US priorities to boost domestic manufacturing, and the company plans to localize future exoskeleton production in the US to support supply chain resilience and scalability.
Spark’s Take on KULR Stock
According to Spark, TipRanks’ AI Analyst, KULR is a Neutral.
KULR’s stock score reflects strong revenue growth and strategic initiatives in AI and energy management. However, significant challenges remain with profitability, cash flow sustainability, and a reliance on volatile Bitcoin holdings. While recent earnings call updates provide a positive outlook, technical analysis and valuation concerns weigh heavily on the overall score.
To see Spark’s full report on KULR stock, click here.
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.