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KULR Technology Group Inc
AMEX:KULR

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KULR Technology Group Inc
AMEX:KULR
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Price: 2.49 USD -5.68%
Market Cap: $115.1m

KULR Technology Group Inc
Investor Relations

KULR Technology Group, Inc. engages in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company is headquartered in San Diego, California and currently employs 62 full-time employees. The company went IPO on 2018-05-21. The firm is engaged in developing, manufacturing, and licensing carbon fiber thermal management technologies for batteries and electronic systems. For its aerospace and Department of Defense (DOD) application, the Company's solution targets high-performance applications in direct energy, hypersonic vehicles and satellite communications. For commercial applications, its focus is solution to battery safety and sustainability. This total battery safety solution can be used for electric vehicles, energy storage, battery recycling transportation, cloud computing and fifth generation communication devices. Its heat management products and services are divided into various categories, Lithium-Ion Battery Thermal Runaway Shield (TRS), CellCheck, KULR-Tech Safe Case, Fiber Thermal Interface Material (FTI), Phase Change Material (PCM) Heat Sink, Internal Short Circuit (ISC) Device and CRUX Cathode.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Mar 31, 2026
AI Summary
Q4 2025

Loss year: KULR said 2025 was a difficult year, with a net loss of about $62 million, though management said most of that was tied to one-time and noncash items.

Core focus: Management wants investors to judge 2026 on battery-platform growth, not on Bitcoin or other side investments. The key goal is to sell more KULR ONE batteries and improve margins as volume scales.

Demand pockets: The strongest near-term momentum is in KULR ONE Air for autonomous systems, with more than 20 active customer programs and thousands of packs already shipped.

Near-term revenue: Management said Caban and Hylio should contribute revenue in 2026, while AI data center backup power is more of a 2027 opportunity.

Margin plan: Management said 2025 margins were pressured by low volume, high material costs, fixed facility costs and early engineering work, and expects automation and higher production to improve gross margin over time.

Capital discipline: KULR took a $6.9 million write-off on an exoskeleton-related investment after the partner filed for insolvency, reinforcing management’s message that capital should be concentrated on the core battery business.

Key Financials
Revenue
$16.1 million
Product revenue
up 39%
Service revenue
down 50%
Product revenue per customer
$108,000
Service revenue per customer
$65,000
Product customers
47
Service customers
34
Net loss
about $62 million
Noncash expenses
about $33 million
Bitcoin mark-to-market expense
$13.8 million
Bitcoin holdings
approximately 1,082 Bitcoins
Exoskeleton investment write-off
approximately $6.9 million
Battery platform revenue
$7.3 million
Active customer development programs
over 30
Active engagements in KULR ONE Air
over 20
Drone pack production target
about 10,000 packs per month
KULR ONE Air packs shipped
thousands
Caban agreement term
5 years
Satellite deployments
4 partner satellites
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Mo
Co-Founder, Chairman & CEO
No Bio Available
Mr. Shawn Canter
Chief Financial Officer
No Bio Available
Dr. William Quinn Walker Ph.D.
Chief Technology Officer
No Bio Available
Derek Newton
Head of Media Relations
No Bio Available
Mr. Ted Krupp
Vice President of Sales & Marketing
No Bio Available

Contacts

Address
CALIFORNIA
San Diego
4863 Shawline Street
Contacts
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