---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-036069"
form_type: "8-K"
ticker: "KULR"
cik: "0001662684"
company_name: "KULR Technology Group, Inc."
filed_at: "2023-03-23T23:59:59+00:00"
generated_at: "2026-06-17T18:39:14.203688+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-23-036069
- form_type: 8-K
- ticker: KULR
- cik: 0001662684
- company_name: KULR Technology Group, Inc.
- filed_at: 2023-03-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/0001104659-23-036069-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/tm2310395d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-036069
- JSON: https://secwatch.observer/filing/0001104659-23-036069.json
- Plain text: https://secwatch.observer/filing/0001104659-23-036069.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/0001104659-23-036069-index.htm
- Earnings Releases
  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
  source text: today announced its financial results for the fourth quarter and full-year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/0001104659-23-036069-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.