KULR reports preliminary Q4 2022 revenue up 137% YoY to $1.813M, gross margin 80%

KULR Technology Group, Inc.

2022-FY EPS reported -$0.18 revenue$3,994,634

Revenue for Q4 2022 estimated at $1.813M, up from $766K in Q4 2021 (137% increase).
Gross margin improved to 80% vs 70% in prior-year quarter.
Secured initial order over $500K from top-tier DoD contractor; began Phase 2 battery testing with Lockheed Martin.
Entered agreement with largest US auto manufacturer for ISC battery safety device; launched SmallSat battery pack for NASA.
Acquired VibeTech, launched KULR VIBE; secured first commercial helicopter operator subscription agreement.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KULR Technology Group, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $1,813,000.

Period: the fourth quarter ended December 31, 2022
Revenue: $1,813,000
Result: preliminary results

Exact text from the filing

the fourth quarter ending December 31st, 2022. Q4’22 Financial Highlights and Operational Highlights: · Revenue for the three months ended December 31, 2022, is estimated to be $1,813,000, an increase of approximately 137%, compared to $766,000 in the same quarterly period of the prior year. · Gross margin for the three months ended December 31, 2022 is estimated to

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Source: SEC EDGAR

accession 0001104659-23-019703

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