KULR Technology Group Inc
AMEX:KULR
KULR Technology Group Inc
KULR Technology Group, Inc. engages in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company is headquartered in San Diego, California and currently employs 62 full-time employees. The company went IPO on 2018-05-21. The firm is engaged in developing, manufacturing, and licensing carbon fiber thermal management technologies for batteries and electronic systems. For its aerospace and Department of Defense (DOD) application, the Company's solution targets high-performance applications in direct energy, hypersonic vehicles and satellite communications. For commercial applications, its focus is solution to battery safety and sustainability. This total battery safety solution can be used for electric vehicles, energy storage, battery recycling transportation, cloud computing and fifth generation communication devices. Its heat management products and services are divided into various categories, Lithium-Ion Battery Thermal Runaway Shield (TRS), CellCheck, KULR-Tech Safe Case, Fiber Thermal Interface Material (FTI), Phase Change Material (PCM) Heat Sink, Internal Short Circuit (ISC) Device and CRUX Cathode.
KULR Technology Group, Inc. engages in developing, manufacturing, and licensing next-generation carbon fiber thermal management technologies for batteries and electronic systems. The company is headquartered in San Diego, California and currently employs 62 full-time employees. The company went IPO on 2018-05-21. The firm is engaged in developing, manufacturing, and licensing carbon fiber thermal management technologies for batteries and electronic systems. For its aerospace and Department of Defense (DOD) application, the Company's solution targets high-performance applications in direct energy, hypersonic vehicles and satellite communications. For commercial applications, its focus is solution to battery safety and sustainability. This total battery safety solution can be used for electric vehicles, energy storage, battery recycling transportation, cloud computing and fifth generation communication devices. Its heat management products and services are divided into various categories, Lithium-Ion Battery Thermal Runaway Shield (TRS), CellCheck, KULR-Tech Safe Case, Fiber Thermal Interface Material (FTI), Phase Change Material (PCM) Heat Sink, Internal Short Circuit (ISC) Device and CRUX Cathode.
Record Revenue: KULR posted its strongest quarter ever with approximately $6.9 million in revenue, up 116% year-over-year and 75% sequentially.
Cash & No Debt: The company holds about $140 million in cash and digital assets with no debt, following repayment of an $8 million loan.
Product Shift: Product revenue more than doubled, while services revenue declined, highlighting a strategic pivot to a product-driven business.
Expansion Plans: Plans are underway to expand the Texas HQ to over 100,000 square feet and scale production capacity from a few thousand to 50,000 battery packs per month by mid-2026.
AI & Data Center Focus: KULR is moving into high-growth markets like AI data centers and telecom with new battery backup units and energy storage systems.
Bitcoin Holdings: The company holds about $120 million in Bitcoin and is growing its position through mining, maintaining a disciplined and debt-free treasury strategy.
Operational Efficiency: R&D and SG&A expenses decreased sequentially, and management is committed to positive operating earnings via strong revenue growth.
No Further Reverse Split: Management confirmed there are no plans for another reverse stock split, with institutional ownership more than doubling since June 2025.
