KULR reports FY2023 revenue up 146% to $9.8M; net loss widens to $23.7M

KULR Technology Group, Inc.

2024-Q1 EPS reported -$0.04 revenue$1,749,104

Revenue $9,830,166 in FY2023 vs $3,994,634 in FY2022, a 146% YoY increase driven by energy storage and battery transport sectors.
Net loss $23,693,556 ($0.20 per share) vs $19,436,479 ($0.18) in FY2022; cash fell to $1,194,764 from $10,333,564.
SG&A expenses rose 21% to $19.9M; R&D expenses up 48% to $6.2M; headcount reduced to 57 employees from 62.
Billed 53 customers in 2023, up 47% from 36 in 2022; secured contracts with H55 ($1M+), Nanoracks ($865k), and Lockheed Martin (six-figure).
Received new DOT special permits (21693, 21704) for SafeX battery transport and recycling, expanding service offerings.

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 full-year 2023 results: revenue $9,830,166, net income $23,693,556, EPS a loss of $0.20 per share.

Period: full-year 2023
Revenue: $9,830,166
Net income: $23,693,556
EPS: a loss of $0.20 per share
Result: reported results

Exact text from the filing

a global leader in sustainable energy management, today announced its financial results for full-year 2023. Full-Year 2023 Financial Results: Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022. The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors. The Company

View on SEC.gov

322 earnings releases filed in the last 30 days. Browse all earnings releases →

KULR Technology Group, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-046773

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.