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KULR Technology Group Announces Six-Month Pause on At-the-Market Equity Offering Program
Globenewswire· 2025-12-22 13:30
HOUSTON , Dec. 22, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), an energy-systems platform company that enables the safe, certifiable deployment of ultra-high-power lithium battery systems for space and defense programs, hyperscale AI data centers, and telecom infrastructure OEMs, today announced that it has elected to pause its at-the-market (“ATM”) equity offering program with Cantor Fitzgerald and Craig-Hallum through June 30, 2026. The Company mai ...
KULR Technology Group Enters Joint Development Collaboration for $100M AI Server Rack Battery Backup Unit Opportunity
Globenewswire· 2025-12-17 13:05
Core Insights - KULR Technology Group has entered a Joint Development Collaboration with a leading global battery-cell manufacturer to co-develop a next-generation KULR ONE® MAX Battery Backup Unit (BBU) product line aimed at AI-scale data centers and high-power compute environments [1][2] Group 1: Collaboration and Product Development - The collaboration will focus on designing, developing, and certifying a state-of-the-art BBU architecture based on a new ultra-high-power 21700 cell platform [2][4] - KULR will lead the safety engineering and UL certification processes, while the partner will provide cell-level integration and technical resources [4][5] - The joint development is projected to have a commercial program value of up to $100 million [2] Group 2: Market Position and Demand - KULR aims to enhance its strategic position in the AI data-center energy market, addressing the growing global demand for safe, certifiable, high-power lithium-ion backup systems [3][6] - The BBU system will be optimized for ultra-high-current and high-power AI server workloads, reflecting the increasing compute density and energy intensity in the industry [4][3] Group 3: Long-Term Supply Commitment - The joint-development partner has committed to supplying ultra-high-power 21700 cells for the BBU product line throughout the program's lifetime, ensuring KULR has predictable and scalable access to high-performance cells [5]
KULR Deepens Commitment to AI Data Center Energy Storage Innovation with Open Compute Project Platinum Membership
Globenewswire· 2025-12-11 13:30
HOUSTON, Dec. 11, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin+ Treasury company that builds a portfolio of frontier high-performance energy systems for cross-industry applications, today announced it has joined the Open Compute Project (OCP) as a Platinum Member. By entering the AI data center market through rack-level Battery Backup Units (BBUs), KULR is transitioning from battery safety products into mission-critical AI energy infrastruct ...
KULR to Showcase AI Datacenter Battery Energy Storage Solution at Reuters Energy Live 2025
Globenewswire· 2025-12-09 13:30
HOUSTON, Dec. 09, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a Bitcoin+ Treasury company that builds a portfolio of frontier high-performance energy systems for cross-industry applications, today announced it will serve as a Sponsor of Reuters Energy Live 2025 and CTO Dr. William Walker will deliver a presentation on the Company’s next-generation Battery Backup Units (BBUs) titled, “Re-Shaping Backup Power: Inside the KULR ONE® MAX ORV3 Architecture ...
KULR Technology Rapidly Develops Counter-UAS Directed Energy Battery System: From Purchase Order to Prototype in 5 Weeks
Globenewswire· 2025-11-24 13:30
Core Insights - KULR Technology Group is developing a next-generation 400V battery system for a Counter-UAS Directed Energy System, with a prototype ready in 5 weeks and production planned for 2026 [1][3] Company Overview - KULR Technology Group operates as a Bitcoin+ Treasury company, focusing on high-performance energy systems and AI Robotics, and has integrated bitcoin into its treasury program since late 2024 [8] Engineering and Development - The company emphasizes a disciplined engineering approach, leveraging extensive experience in mission-critical battery design to ensure performance, safety, and manufacturability [2][7] - KULR employs model-based electrical and thermal simulations, a proprietary cell selection process, and design-for-safety architecture to meet the power requirements of advanced energy weapon platforms [3][6] Market Potential - The directed energy weapons market is projected to grow from $7.9 billion to $39.9 billion over the next decade, reflecting a compound annual growth rate (CAGR) of 17.6%, driven by increased global defense budgets and military modernization [4] Product Development - KULR is enhancing its KULR ONE Guardian (K1G) platform for defense applications, adhering to rigorous MIL-STD-810H performance standards [5] - The company's rapid development framework allows for quick transitions from concept to prototype, facilitating low-rate initial production and full-rate manufacturing [6][7]
KULR Technology: More Disappointment, But Upgrading On Valuation - Hold (NYSE:KULR)
Seeking Alpha· 2025-11-19 15:01
Core Insights - The article emphasizes the strong performance of the analyst team, highlighting a 10-year track record that demonstrates the ability to outperform across various market conditions [1] - The focus is on providing income-oriented investment options, particularly for investors seeking lower-risk firms with consistent dividend payouts [1] Company Insights - KULR Technology Group, Inc. is mentioned as a company previously covered, indicating ongoing interest and updates regarding its performance and developments [2] - The analyst has a historical focus on technology stocks but has expanded coverage to include the offshore drilling and supply industry, as well as the shipping industry, which encompasses tankers, containers, and dry bulk [3] Industry Insights - The article notes a growing interest in the fuel cell industry, which is still in its early stages, suggesting potential future investment opportunities [3] - The energy, shipping, and offshore markets are highlighted as areas where the research provided is considered among the best globally, with significant returns reported [1]
KULR Technology: More Disappointment, But Upgrading On Valuation - Hold
Seeking Alpha· 2025-11-19 15:01
Group 1 - The article highlights the strong performance of the analyst team, achieving an annualized return of almost 40% over the past decade with a long-only model portfolio return of over 23 times [1] - KULR Technology Group, Inc. (NYSE: KULR) is mentioned as a company of interest, with the article serving as an update to previous coverage [2] - The author has expanded their focus to include offshore drilling, supply industry, and shipping, alongside a historical emphasis on tech stocks [3] Group 2 - The article does not provide any specific investment recommendations or advice regarding the suitability of investments for particular investors [5] - There is a disclosure stating that the author has no current positions in any of the companies mentioned and no plans to initiate any positions in the near future [4]
KULR Technology (KULR) - 2025 Q3 - Earnings Call Transcript
2025-11-18 22:32
Financial Data and Key Metrics Changes - KULR Technology Group reported approximately $6.9 million in revenue for Q3 2025, representing a 116% year-over-year growth and a 75% sequential increase from the previous quarter [4] - Product revenue more than doubled, growing 112% year-over-year, while services revenue decreased by 74% [22] - The company has approximately $140 million in cash and digital assets, with no debt following the repayment of an $8 million loan [4] Business Line Data and Key Metrics Changes - The transition from a service-oriented to a product-driven company is evident, with product revenue significantly increasing [4] - The KULR One Air platform launched in July, resulting in over 150 battery SKUs, marking it as one of the largest made-in-USA battery portfolios [5][10] - The company is targeting to scale production from a few thousand packs per month to over 50,000 packs per month by mid-2026 [13] Market Data and Key Metrics Changes - The UAV and drone battery market is projected to grow from approximately $1.5 billion in 2025 to over $2.4 billion by 2030, driven by increased adoption in various sectors [11] - KULR is expanding into AI data centers and telecom infrastructure, which are among the fastest-growing energy markets globally [5] Company Strategy and Development Direction - KULR aims to capitalize on a super growth cycle in energy storage and management, expecting a tenfold growth in this sector over the next three years [5] - The company is focused on enhancing its Texas headquarters and production capabilities to meet rising demand [6] - KULR's strategy includes leveraging its domestic supply chain and advanced safety features to differentiate itself in the market [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for advanced energy storage solutions, particularly in UAVs, drones, and AI data centers [7] - The company is positioned to benefit from the increasing focus on domestic battery supply chains and safety standards [8] - Management highlighted the importance of maintaining a strong cash position to navigate market volatility [28] Other Important Information - KULR's Bitcoin treasury strategy involves disciplined acquisitions through mining operations, with a current Bitcoin holding valued at approximately $120 million [25][18] - The company is also developing KULR Vibe technology for vibration mitigation in aviation, with plans for a consumer app launch in 2026 [20] Q&A Session Summary Question: What is KULR's strategic priorities today as a Bitcoin treasury company with operations? - Management emphasized a focus on core energy management and storage business alongside vibration reduction technologies, which are expected to drive revenue growth for 2026 [26] Question: What is the long-term strategy for the Bitcoin treasury and mining operations? - The strategy includes accumulating Bitcoin through mining while exploring new opportunities in energy storage solutions, maintaining a strong cash position to buffer against market volatility [27][28] Question: Given the previous reverse split and ongoing share price pressure, what outcomes have been achieved in terms of institutional participation? - Since the reverse split in June 2023, institutional ownership has more than doubled, and there are no plans for another reverse split [30] Question: Can management provide updates on partnerships and their contribution to revenue? - Management noted steady progress on partnerships across various sectors, emphasizing the importance of these engagements for long-term growth [31][32] Question: Is communication with shareholders a priority? - Management plans to issue an investor letter in early 2026 and increase communication through events and updates on contracts and programs [34] Question: What steps is management taking to stabilize the stock price? - The focus remains on accelerating revenue growth in core markets, with a conservative approach to Bitcoin holdings and no debt [36][37] Question: How is management viewing changes in relation to revenue growth and stock price appreciation? - Management anticipates material revenue growth in 2026, which they believe will positively influence stock price as the business scales [40][42] Question: Will KULR tokenize aggregated datasets on a public blockchain? - Management discussed the potential for data monetization through energy as a service, emphasizing the importance of data collection and application for future business models [43][48]
KULR Technology (KULR) - 2025 Q3 - Earnings Call Transcript
2025-11-18 22:32
Financial Data and Key Metrics Changes - KULR Technology Group reported approximately $6.9 million in revenue for Q3 2025, representing a 116% year-over-year growth and a 75% sequential increase from the previous quarter [4] - The company achieved a new trailing 12-month revenue record of $16.7 million, marking the fifth consecutive quarter of revenue growth compared to the prior year [23] - Product revenue grew by 112%, while services revenue declined by 74% [23] - The company has approximately $140 million in cash and digital assets, with no debt following the repayment of an $8 million loan [4] Business Line Data and Key Metrics Changes - The transition from a service-oriented to a product-driven company is evident, with product revenue more than doubling [4] - KULR One Air was launched, resulting in over 150 battery SKUs, positioning the company in a rapidly growing market [5][10] - The company is expanding its KULR One platform into AI data centers and telecom infrastructure, indicating a strategic shift towards high-demand markets [5][6] Market Data and Key Metrics Changes - The UAV and drone battery market is projected to grow from approximately $1.5 billion in 2025 to over $2.4 billion by 2030, driven by increased adoption in various sectors [11] - KULR's KULR One Max platform is positioned to meet the growing energy demands of AI data centers, which are experiencing significant power consumption increases [14] Company Strategy and Development Direction - KULR aims to capitalize on a super growth cycle in energy storage and management, with expectations of tenfold growth over the next three years [5] - The company plans to expand its Texas headquarters to over 100,000 sq ft and scale production from a few thousand to over 50,000 battery packs per month by mid-2026 [6][13] - KULR is focusing on building a domestic, secure battery supply chain, leveraging its Texas-based operations as a strategic advantage [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the demand for advanced energy storage solutions across core markets, including UAVs, drones, and AI data centers [7][8] - The company is committed to maintaining a strong cash position and no debt to navigate market volatility [30][40] - Management anticipates significant revenue growth in 2026, driven by increased customer engagements and market demand [46] Other Important Information - KULR's Bitcoin treasury strategy involves disciplined acquisitions through mining operations, with a current Bitcoin holding valued at approximately $120 million [17][26] - The company is also developing KULR Vibe, a vibration mitigation technology for aviation, which is gaining traction in both civilian and government sectors [19][20] Q&A Session Summary Question: What is KULR's strategic priorities today as a Bitcoin treasury company with operations? - Management emphasized a focus on core energy management and storage business, alongside vibration reduction technologies, which are expected to drive revenue growth for 2026 [28] Question: What is the long-term strategy for the Bitcoin treasury and mining operations? - The strategy includes growing Bitcoin holdings through mining, which aligns with energy storage solutions, while maintaining a strong cash position to buffer against market volatility [29][30] Question: What outcomes have been achieved in terms of institutional participation and market perception since the reverse split? - Institutional ownership has more than doubled since the reverse split in June 2023, and management confirmed there is no basis for considering another reverse split [32] Question: Can management provide updates on partnerships and their contribution to revenue? - Management noted steady progress on partnerships across various sectors, emphasizing the importance of these engagements for long-term product integration [33][35] Question: How is management viewing changes in relation to revenue growth and stock price appreciation? - Management believes that revenue growth will lead to stock price appreciation, supported by a strong balance sheet and increasing market demand [44][46]
KULR Technology (KULR) - 2025 Q3 - Earnings Call Transcript
2025-11-18 22:30
Financial Data and Key Metrics Changes - KULR Technology Group reported approximately $6.9 million in revenue for Q3 2025, representing a 116% year-over-year growth and a 75% sequential increase from the previous quarter [4][23] - The company achieved a new trailing 12-month revenue record of $16.7 million, marking the fifth consecutive quarter of revenue growth compared to the prior year [23] - Product revenue grew by 112%, while services revenue declined by 74%, indicating a strategic shift towards a product-driven business model [23] Business Line Data and Key Metrics Changes - The transition from services to product revenue is evident, with product revenue more than doubling [4] - The launch of KULR One Air has resulted in over 150 battery SKUs, positioning the company in a rapidly growing market segment [5][11] Market Data and Key Metrics Changes - The UAV and drone battery market is projected to grow from approximately $1.5 billion in 2025 to over $2.4 billion by 2030, driven by increased adoption in various sectors [12] - KULR is expanding its KULR One platform into AI data centers and telecom infrastructure, tapping into some of the fastest-growing energy markets globally [5][14] Company Strategy and Development Direction - KULR aims to grow its energy storage and management business tenfold over the next three years, supported by a strong financial foundation and strategic investments [5] - The company plans to expand its Texas headquarters to over 100,000 sq ft and scale production significantly to meet rising demand [6][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about entering a super growth cycle as demand surges for advanced energy storage solutions across core markets [8] - The company is well-positioned to capitalize on the increasing demand for high-performance energy systems, particularly in the context of AI and telecom infrastructure [9][10] Other Important Information - KULR holds approximately $120 million in Bitcoin, reflecting a disciplined approach to its digital asset strategy [26][34] - The company has no debt and a strong cash position, allowing it to navigate market volatility effectively [34] Q&A Session Summary Question: What is KULR's strategic priorities today as a Bitcoin treasury company with operations? - KULR's priorities are focused on its core energy management and storage business, alongside vibration reduction technologies, both of which are expected to drive strong revenue growth for 2026 [27] Question: What is the long-term strategy for the Bitcoin treasury and mining operations? - The company believes in a favorable long-term pricing outlook for Bitcoin and has shifted to growing its position through mining, which also aligns with its energy storage solutions [29] Question: What outcomes have been achieved in terms of institutional participation and market perception since the reverse split? - Since the reverse split in June 2023, institutional ownership has more than doubled, and there are no plans for another reverse split [30] Question: Can management provide updates on partnerships with government, military, aerospace, and corporate sectors? - KULR is making steady progress on partnerships, which involve multi-stage qualification and certification processes, and these engagements are crucial for establishing long-term pathways for product integration [31] Question: What concrete steps is management taking to stabilize the stock price? - The primary focus is on accelerating revenue growth in core markets, with significant traction in autonomous systems and energy storage solutions [33]