secwatch.observer — SEC 8-K summary
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Issuer:     KULR Technology Group, Inc. (KULR)
CIK:        0001662684
Form:       8-K
Filed at:   2023-03-23T23:59:59+00:00
Accession:  0001104659-23-036069
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/0001104659-23-036069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1662684/000110465923036069/tm2310395d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-036069

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer