KULR Q4 revenue up 137% YoY to $1.8M but net loss widens to $4.46M

KULR Technology Group, Inc.

Full-year 2022 revenue $4.0M (+66% YoY); net loss $19.4M ($0.18/share) vs $11.9M ($0.15) prior year.
Q4 gross margin improved to 92% from 70% YoY; SG&A and R&D spending increased significantly.
Cash balance fell to $10.3M from $14.9M at year-end 2021.
Secured $2.68M follow-on contract for proprietary PPR battery solutions and Phase 2 testing with Lockheed.
Entered agreement to supply ISC device to largest US automaker; unveiled KULR ONE and SmallSat battery for NASA.

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, net income $4,459,000, EPS $0.04 per share.

Period: the fourth quarter ended December 31, 2022
Revenue: $1,813,000
Net income: $4,459,000
EPS: $0.04 per share
Result: reported results

Exact text from the filing

Simulation Platform into the Company's holistic suite of products and services. Fourth Quarter 2022 Financial Results Revenues: Revenue increased 137% to $1,813,000 in the fourth quarter ended December 31, 2022, from $766,000 reported in the same year-ago period. The increase in revenue was mainly due to the scaling up of design and test

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KULR Technology Group, Inc. reported financial results for the full-year ended December 31, 2022.

Period: the full-year ended December 31, 2022
Result: reported results

Exact text from the filing

today announced its financial results for the fourth quarter and full-year 2022.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

KULR Technology Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-036069

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