KULR Technology Stock Rallies After Strong Q4 Revenues, EPS In Line

Benzinga

03-28

KULR Technology Group, Inc. (AMEX:KULR) released its fourth-quarter results after Thursday's closing bell. Here's a look at the key figures from the quarter.

The Details: KULR Technology reported quarterly GAAP losses of two cents per share, in line with the analyst consensus estimate. Quarterly revenue clocked in at $3.37 million, which beat the consensus estimate of $2.9 million.

Read Next: Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase

Gross margin was 64% in the fourth quarter, compared to 29% in the same quarterly period of the prior year.

The company reported cash balances of $29,831,858 as of Dec. 31, 2024, compared to $1,194,764 at the end of 2023. In addition, KULR had $20,281,184 of Bitcoin (CRYPTO: BTC) holdings as of Dec. 31, 2024, compared to none at the end of 2023.

KULR will host a conference call at 4:30 p.m. ET Thursday to discuss the results.

KULR Price Action: According to data from Benzinga Pro, KULR Technology Group shares were up 16.44% after hours at $1.70 on Thursday.

Read More:

Read Next: US Adds 50 Chinese Entities To Export Restriction List Curtailing Access To Nvidia, AMD Chips

Photo: Shutterstock

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Here's a look at the key figures from the quarter. </p>\n<p><strong>The Details: </strong>KULR Technology reported quarterly GAAP losses of two cents per share, in line with the analyst consensus estimate. Quarterly revenue clocked in at $3.37 million, which beat the consensus estimate of $2.9 million.</p>\n<p><strong>Read Next:</strong><strong> Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase</strong><strong> </strong></p>\n<p>Gross margin was 64% in the fourth quarter, compared to 29% in the same quarterly period of the prior year.</p>\n<p>The company reported cash balances of $29,831,858 as of Dec. 31, 2024, compared to $1,194,764 at the end of 2023. 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Here's a look at the key figures from the quarter. </p>\n<p><strong>The Details: </strong>KULR Technology reported quarterly GAAP losses of two cents per share, in line with the analyst consensus estimate. Quarterly revenue clocked in at $3.37 million, which beat the consensus estimate of $2.9 million.</p>\n<p><strong>Read Next:</strong><strong> Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase</strong><strong> </strong></p>\n<p>Gross margin was 64% in the fourth quarter, compared to 29% in the same quarterly period of the prior year.</p>\n<p>The company reported cash balances of $29,831,858 as of Dec. 31, 2024, compared to $1,194,764 at the end of 2023. 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Quarterly revenue clocked in at $3.37 million, which beat the consensus estimate of $2.9 million.\nRead Next: Trump Slaps 25% Tariffs On Autos: What It Means For Your Next Car Purchase \nGross margin was 64% in the fourth quarter, compared to 29% in the same quarterly period of the prior year.\nThe company reported cash balances of $29,831,858 as of Dec. 31, 2024, compared to $1,194,764 at the end of 2023. In addition, KULR had $20,281,184 of Bitcoin (CRYPTO: BTC) holdings as of Dec. 31, 2024, compared to none at the end of 2023.\nKULR will host a conference call at 4:30 p.m. ET Thursday to discuss the results. \nKULR Price Action: According to data from Benzinga Pro, KULR Technology Group shares were up 16.44% after hours at $1.70 on Thursday.  \nRead More:\n\nRead Next: US Adds 50 Chinese Entities To Export Restriction List Curtailing Access To Nvidia, AMD Chips\n\nPhoto: Shutterstock","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}