---
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"
generated_at: "2026-06-01T23:17:14.457340+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# KULR Q1 revenue flat at $1.75M; net loss narrows to $5.01M; board appoints new independent director

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-061939
- JSON: https://secwatch.observer/filing/0001104659-24-061939.json
- Plain text: https://secwatch.observer/filing/0001104659-24-061939.txt

## Key facts
- Earnings Releases
  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.
  - Period: the first quarter ended March 31, 2024
  - Revenue: $1.75 million
  - Net income: $5.01 million
  - EPS: loss of $0.04 per share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1662684/000110465924061939/0001104659-24-061939-index.htm

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