---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-060778"
form_type: "8-K"
ticker: "KULR"
cik: "0001662684"
company_name: "KULR Technology Group, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:16:44.095389+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# KULR Q1 revenue surges 778% to $1.8M; net loss widens to $6.6M

## Summary
- Revenue $1.8M vs $0.2M YoY; driven by product sales and contract services.
- Net loss $6.6M ($0.06 per share) vs $4.1M ($0.04 per share) YoY; operating loss $6.3M.
- Cash balance $7.2M Mar 31, down from $10.3M Dec 31, 2022.
- Awarded $1.13M U.S. Army contract; new CFO Shawn Canter from Goldman Sachs.
- Opened R&D center in Texas; secured NASA contract for automated cell screening.

## SEC filing metadata
- accession: 0001104659-23-060778
- form_type: 8-K
- ticker: KULR
- cik: 0001662684
- company_name: KULR Technology Group, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662684/000110465923060778/0001104659-23-060778-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662684/000110465923060778/tm2315831d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-060778
- JSON: https://secwatch.observer/filing/0001104659-23-060778.json
- Plain text: https://secwatch.observer/filing/0001104659-23-060778.txt

## Key facts
- Earnings Releases
  KULR Technology Group, Inc. reported first quarter ended March 31, 2023 results: revenue $1.8 million, net income $6.6 million, EPS $0.06 per share.
  - Period: first quarter ended March 31, 2023
  - Revenue: $1.8 million
  - Net income: $6.6 million
  - EPS: $0.06 per share
  - Result: reported results
  source text: today reported results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results Revenues: In the first quarter ended March 31, 2023, revenue increased to $1.8 million from $0.2 million reported in the same period last year. The 778% year over year revenue increase was primarily due to an increase in product sales and contract services revenues
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662684/000110465923060778/0001104659-23-060778-index.htm

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