---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-046773"
form_type: "8-K"
ticker: "KULR"
cik: "0001662684"
company_name: "KULR Technology Group, Inc."
filed_at: "2024-04-12T23:59:59+00:00"
generated_at: "2026-06-03T23:24:46.510608+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-046773
- form_type: 8-K
- ticker: KULR
- cik: 0001662684
- company_name: KULR Technology Group, Inc.
- filed_at: 2024-04-12T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1662684/000110465924046773/0001104659-24-046773-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1662684/000110465924046773/tm2411757d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-046773
- JSON: https://secwatch.observer/filing/0001104659-24-046773.json
- Plain text: https://secwatch.observer/filing/0001104659-24-046773.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1662684/000110465924046773/0001104659-24-046773-index.htm

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