KULR Q1 revenue up 98% YoY to $4.85M; net loss widens to $28.1M on bitcoin MTM

KULR Technology Group, Inc.

2026-Q1 EPS reported -$0.61 revenue$4,846,430

Revenue $4.85M vs $2.45M YoY (+98%); gross margin improved to 29% from 8%.
Operating loss narrowed 22% to $7.39M from $9.44M; SG&A down 9%, R&D down 28%.
Net loss $28.1M ($0.61/sh) includes $20.8M non-cash bitcoin mark-to-market loss.
Cash balance $19.0M as of May 13, 2026; no specific guidance provided.
Management cites growing customer traction and improved cost discipline.

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