KULR reports preliminary Q2 2023 revenue $2.5-$2.8M, up >300% YoY

KULR Technology Group, Inc.

2023-Q2 EPS reported -$0.11 revenue$4,455,308

Q2 2023 revenue estimated $2.5-$2.8M, a >300% increase from $0.6M in Q2 2022.
Gross margin estimated at high-30% to low-40% range, improving from 28% in prior year.
Awarded $1.13M U.S. Army contract to develop next-gen high-energy battery packs using KULR ONE Design Solutions.
Partnered with a leading drone delivery provider and received a U.S. Armed Forces contract for mobile command center battery packs.
Expanded SafeCASE product line for e-bikes and e-mobility, targeting multi-family buildings and regulations.

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 0.95

KULR Technology Group, Inc. reported the second quarter ended June 30, 2023 results: revenue $2.5 to $2.8 million.

Period: the second quarter ended June 30, 2023
Revenue: $2.5 to $2.8 million
Result: preliminary results

Exact text from the filing

results for the second quarter ending June 30, 2023. Q2’23 Financial and Recent Operational Highlights: · Revenue for the three months ended June 30, 2023, is estimated to be $2.5 to $2.8 million, an estimated increase of over 300%, compared to $0.6 million in the same quarter of the prior year. · Gross margin for the three months ended June 30, 2023, is

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Source: SEC EDGAR

accession 0001104659-23-089575

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