{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-061939","form_type":"8-K","ticker":"KULR","cik":"0001662684","company_name":"KULR Technology Group, Inc.","filed_at":"2024-05-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.485718+00:00","generated_at":"2026-06-01T23:17:14.457340+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"KULR Q1 revenue flat at $1.75M; net loss narrows to $5.01M; board appoints new independent director","bullets":["Q1 revenue $1.75M (flat YoY); net loss $5.01M ($0.04 loss per share) vs $6.6M loss ($0.06 loss per share) prior year.","Gross margin 29% vs 37%; contract services revenue surged 769% to $1.13M.","Operating loss improved to $4.66M from $6.26M; SG&A and R&D expenses both declined.","Appointed Donna H. Grier as independent director; she will chair Audit Committee.","Notable new contracts: UPS battery shipping, U.S. Army custom battery, and initial eVTOL SafeCASE award."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-061939","json":"https://secwatch.observer/filing/0001104659-24-061939.json","markdown":"https://secwatch.observer/filing/0001104659-24-061939.md","text":"https://secwatch.observer/filing/0001104659-24-061939.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1662684/000110465924061939/0001104659-24-061939-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1662684/000110465924061939/tm2414553d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-01T23:17:14.457340+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"990531d235f519ce6ffe17821331cae82a67a7d7","claim":"KULR Technology Group, Inc. reported the first quarter ended March 31, 2024 results: revenue $1.75 million, net income $5.01 million, EPS loss of $0.04 per share.","evidence_excerpt":"First Quarter 2024 Financial Results Revenues: In the first quarter that ended March 31, 2024, revenue was flat at $1.75 million compared to $1.76 million reported in the same period last year. Contract Services revenue increased 769%, with revenue of approximately $1.13 million versus approximately $131 thousand in the same quarter last year. Cash and Accounts Receivable: As of March 31, 2024, the Company had cash and accounts receivable combined of $1.78 million. Gross Margins: Gross margin was 29% in the quarter ending March 31, 2024, compared to 37% in the same period last year. Selling, General and Administrative (SG&A) Expenses: SG&A expenses decreased to $4.21 million in the first quarter of 2024 from $5.10 million in the same period last year. The decrease in SG&A expenses was primarily due to decreases in outsourced services and stock-based compensation. Research and Development (R&D) Expenses: R&D expenses in the first quarter of 2024 decreased to $955 thousand from $1.81 mil","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1662684/000110465924061939/0001104659-24-061939-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.75 million"},{"label":"Net income","value":"$5.01 million"},{"label":"EPS","value":"loss of $0.04 per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}