KULR Technology Q3 revenue doubles to $3.04M; net loss $0.05 per share, on track with Q4 estimates

KULR Technology Group, Inc.

2023-Q3 EPS reported -$0.16 revenue$7,496,315

Revenue $3.04M, up 118% YoY; product revenue $1.90M (+38%), contract services $1.14M (+4,800%).
Gross margin improved to 44% from 33%; net loss $5.56M ($0.05 per share), flat YoY.
SG&A $4.79M, R&D $1.64M; operating loss $5.10M vs $4.96M in Q3 2022.
Operational highlights: selected by top 5 electric truck OEM; third NASA order; exclusive recycling partnership with Cirba Solutions.

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 0.9

KULR Technology Group, Inc. reported third quarter ended September 30, 2023 results: revenue $3.04 million, net income Net loss for the third quarter of 2023 was $5.56 million, EPS a loss of $0.05 per share.

Period: third quarter ended September 30, 2023
Revenue: $3.04 million
Net income: Net loss for the third quarter of 2023 was $5.56 million
EPS: a loss of $0.05 per share
Result: reported results

Exact text from the filing

results for the third quarter ended September 30, 2023. Third Quarter 2023 Financial Results Revenues: In the third quarter that ended September 30, 2023, revenue increased to $3.04 million from $1.39 million reported in the same period last year, with revenues more than doubling - or an increase of approximately 118%. Contract Services revenue increased over

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Source: SEC EDGAR

accession 0001104659-23-118108

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