Kulr Technology Stock Price, News & Analysis

KULR Technology Group reported strong Q4 2024 results with revenue increasing 44% to $3.37 million year-over-year. The company achieved a significant gross margin improvement to 64% from 29% in Q4 2023. Cash position strengthened to $29.83 million, plus $20.28 million in Bitcoin holdings as of December 31, 2024.

Key operational highlights include securing contracts with the U.S. Defense sector for missile programs and the U.S. Navy for battery safety technology. KULR expanded its Bitcoin treasury strategy, holding 668.3 BTC. The company regained NYSE American compliance and formed strategic partnerships, including with EDOM Technology for AI ecosystem solutions.

For full-year 2024, revenue grew 9% to $10.74 million, while operating losses decreased to $15.23 million from $22.41 million in 2023. Net loss improved to $17.52 million ($0.09 per share) compared to $23.69 million ($0.20 per share) in 2023.

KULR Technology Group (NYSE: KULR) has expanded its Bitcoin Treasury with an additional $5 million investment, bringing total bitcoin acquisitions to $65 million. The company now holds 668.3 BTC, purchased at a weighted average price of $88,824 per bitcoin including fees.

This expansion aligns with KULR's Bitcoin Treasury Strategy announced on December 4, 2024, which allows allocation of up to 90% of surplus cash reserves to bitcoin. The company reports a BTC Yield of 181.1% year to date, achieved through a combination of surplus cash and At-The-Market (ATM) equity program funding.

KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to Assumed Fully Diluted Shares Outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.

KULR Technology Group (NYSE: KULR) announces that a leading private U.S. space company has selected its NASA-certified M35A battery cells for spaceflight programs. The M35A cells, already part of NASA's Artemis II mission, will be integrated into KULR's K1 Space battery (400 watt-hour), scheduled for completion and NASA safety review this month.

The M35A cells, designed to NASA's 20793 standards, feature an energy density of 214 watt-hours per kilogram at C/20 and -20°C. Following their December 2024 launch, these cells are now immediately available with full traceability, including screening data, lot numbers, and serial numbers.

KULR is actively collaborating with NASA to expand America's Strategic Battery Reserve, focusing on increasing accessibility to 20793-compliant cell formats and technologies for aerospace and defense applications.

KULR Technology Group (NYSE: KULR), a leader in advanced energy management platforms, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for Thursday, March 27th, 2025, at 4:30 p.m. Eastern time.

The company will release its financial results via press release before the call. Management will host the conference followed by a Q&A session. Shareholders can submit questions to Stuart Smith at SmallCapVoice.Com by March 21st, 2025, 5:00 p.m. ET. Questions will be filtered based on relevance to shareholders and public disclosure rules.

The earnings call requires registration, after which participants will receive dial-in details and unique access credentials. A replay will be available through KULR's Investor Relations website section.

KULR Technology Group (NYSE American: KULR) has announced that its Webster, Texas headquarters facility has achieved AS9100 certification, a globally recognized quality management standard for aerospace, defense, and aviation industries. This certification, established by the International Aerospace Quality Group (IAQG), validates KULR's structured quality management system and commitment to operational excellence.

The certification strengthens KULR's position in producing thermal solutions for aerospace and defense sectors, enhancing its ability to pursue new partnerships and expand its customer base. The company's Texas facility's proximity to NASA's Johnson Space Center supports their existing collaboration on space applications. The certification also reinforces KULR's capability to provide thermal management, vibration reduction, and battery technology solutions for defense contractors.

KULR Technology Group (NYSE: KULR) and Worksport (Nasdaq: WKSP) have announced a strategic partnership focusing on battery technology advancement and U.S. manufacturing. The collaboration encompasses three main areas: joint development of Worksport's COR Battery Pack System, AI-integrated battery management system software, and thermal runaway protection integration.

The partnership leverages KULR's K1-DS platform for performance evaluation and safety testing. Worksport's first-generation SOLIS and COR products are scheduled for release in H2 2025. Following U.S. production expansion in 2024, Worksport's revenue increased by over 450% from 2023, achieving a monthly run rate exceeding $1 million.

The portable energy system market is expected to reach $21.95-24.8 billion by 2032, with a CAGR of 16-24%. This collaboration aims to transform the $20 billion-plus portable energy market through innovation and scalable manufacturing.

KULR Technology Group has expanded its Bitcoin Treasury with an additional $10 million investment, bringing total bitcoin acquisitions to $60 million. The company now holds 610.3 BTC, purchased at a weighted average price of $103,905 per bitcoin, including fees.

This expansion aligns with KULR's Bitcoin Treasury Strategy announced in December 2024, which committed up to 90% of surplus cash reserves to bitcoin holdings. The company reports a BTC Yield of 167.3% year to date, achieved through a combination of surplus cash and its At-The-Market (ATM) equity program.

KULR introduces 'BTC Yield' as a key performance indicator, calculated as the percentage change in the ratio of bitcoin holdings to assumed fully diluted shares outstanding. The company emphasizes that BTC Yield should not be interpreted as a measure of operating performance, financial return, or liquidity.

KULR Technology Group has announced a strategic partnership with EDOM Technology, an NVIDIA Channel Partner, to distribute its KULR Xero Vibe™ (KXV) and KULR ONE product lines in Taiwan's AI supply chain market. The collaboration aims to address large-scale systems cooling needs within the AI ecosystem, targeting both server and edge computing devices.

The partnership leverages EDOM's established relationship with NVIDIA and expertise in the AI supply chain. KULR has recently made significant progress in AI infrastructure support, including: a licensing partnership with a Japanese for data center cooling applications, the launch of KXV integrated with NVIDIA Jetson for edge AI applications, and a carbon fiber cathode licensing agreement for nuclear reactor systems in Japan.

This strategic move aligns with the global surge in AI infrastructure demand, particularly in Taiwan, which plays a important role in the global AI supply chain development.

KULR Technology Group (NYSE: KULR) has partnered with Scripps Research Institute's Baran Lab to develop an innovative pyrolytic carbon (PC) electrode material for synthetic organic electrochemistry. The new material offers a cost-effective and robust alternative to traditional carbon materials like reticulated vitreous carbon (RVC) and glassy carbon (GC).

The PC electrodes are manufactured using a proprietary chemical vapor deposition (CVD) process, making large-scale synthesis more economical. The material demonstrates exceptional performance in various electrochemical reactions, including rapid alternating polarity Kolbe couplings, and features superior mechanical strength and reusability compared to traditional RVC electrodes.

This advancement aims to revolutionize the production of pharmaceuticals, polymers, and sustainable materials by making advanced electrochemical techniques more accessible and economical for researchers and industries worldwide.