KULR Fourth Quarter and Full-Year 2024 Earnings Call

Описание: For those who were unable to make today's, March 27, 2025, Earning Call here's the full recording, including the Q&A portion at the end of the call.

Today's called featured Michael Mo and Shawn Canter discussing the current state of KULR Technology, the current financials, and the future plans of the company.

Fourth Quarter 2024 Financial Highlights:

Revenue increased by 44% to $3.37 million from the same quarterly period of the prior year.
Operating loss decreased by 29% to $3.54 million from the same quarterly period of the prior year.
The Company had $29.83 million in cash as of December 31, 2024, compared to $1.19 million as of December 31, 2023. In addition, the Company had $20.28 million of Bitcoin holdings as of December 31, 2024, compared to none as of December 31, 2023.
Gross margin was 64% in the quarter ended December 31, 2024, compared to 29% in the same quarterly period of the prior year.

For more details, please visit our new website: https://kulr.ai

About KULR Technology Group Inc.
KULR Technology Group Inc. (NYSE American: KULR) delivers cutting edge energy storage solutions for space, aerospace, and defense by leveraging a foundation of in-house battery design expertise, comprehensive cell and battery testing suite, and battery fabrication and production capabilities. The Company’s holistic offering allows delivery of commercial-off-the-shelf and custom next generation energy storage systems in rapid timelines for a fraction of the cost compared to traditional programs. On December 4, 2024, KULR announced that its Board of Directors has agreed to include bitcoin as a primary asset in its treasury program and committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin.

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