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.
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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.
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