KULR Technology Group, Inc. (NYSE:KULR) Q3 2021 Earnings Conference Call November 18, 2021 4:30 PM ET Company Participants Michael Mo - Chief Executive Officer Keith Cochran - President and Chief Operating Officer Simon Westbrook - Chief Financial Officer Conference Call Participants Operator Welcome and thank you for joining us for the KULR Technology Group Incorporated November 2021 Shareholder Update Call and Discussion of the Third Quarter 2021 Financial Results. KULR Technology Group is a publicly trad ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40454 KULR TECHNOLOGY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware 81-100 ...

KULR Technology Group, Inc. (NYSE:KULR) Q2 2021 Earnings Conference Call August 24, 2021 4:30 PM ET Company Participants Michael Mo - Chairman & Group CEO Keith Cochran - President & COO Simon Westbrook - CFO Conference Call Participants Operator Greetings, and welcome to KULR Technology Group's Q2 2021 Investor Call. [Operator Instructions]. As a reminder, this conference is being recorded. This shareholder update call does not constitute an offer to sell or a solicitation of offers to buy any securities ...

Financial Performance - For the three months ended June 30, 2021, total revenue was $628,244, representing an increase of $427,116, or 212% compared to $201,128 in the same period of 2020[92]. - For the six months ended June 30, 2021, total revenue was $1,046,149, an increase of $767,521, or 275% compared to $278,628 in the same period of 2020, driven by four new contracts[92]. - Product sales increased by 760% and 662% for the three and six months ended June 30, 2021, respectively, compared to the same periods in 2020, primarily due to large contracts received[92]. - Cost of revenues for the three months ended June 30, 2021, was $439,206, an increase of $394,472, or 882% compared to $44,734 in 2020[96]. - Gross margin percentage for the three months ended June 30, 2021, was 30%, down from 78% in the same period of 2020, primarily due to changes in product mix[96]. - The company incurred a net loss of $4,741,866 during the six months ended June 30, 2021, with an accumulated deficit totaling $15,988,274[106]. Expenses - Research and development expenses for the three months ended June 30, 2021, were $352,741, an increase of $294,750, or 508% compared to $57,991 in 2020[100]. - Selling, general and administrative expenses for the three months ended June 30, 2021, were $2,723,303, an increase of $2,301,759, or 546% compared to $421,544 in 2020[102]. Cash and Financing - As of June 30, 2021, the company had a cash balance of $12,159,583 and working capital of $12,194,403[106]. - Cash provided by financing activities for the six months ended June 30, 2021, was $7,397,500, compared to $1,956,476 for the same period in 2020, representing a significant increase[109]. - The company raised aggregate gross proceeds of $6,500,000 from the sale of preferred stock and $3,712,500 from warrant exercises during the six months ended June 30, 2021[111]. - The company intends to apply for full forgiveness of its outstanding Payroll Protection Program (PPP) loan, which remains active as of June 30, 2021[111]. - The company has approximately $5,707,000 available under its Standby Equity Distribution Agreement (SEDA) with YAII, which expires on February 7, 2022, but is currently restricted from issuing shares under this agreement[111]. Business Strategy - The company plans to evolve its business model to provide total system solutions and actively seek partnerships for joint ventures and technology licensing[84]. Internal Controls and Compliance - A material weakness in internal control over financial reporting was identified, specifically regarding the independent review and approval of electronic payments[117]. - The company is implementing a remediation plan to address the identified material weakness in internal controls[117]. - As of the end of the reporting period, the company's disclosure controls and procedures were not effective at the reasonable assurance level[116]. - There have been no changes in internal control over financial reporting that materially affected the company during the second quarter of 2021[118]. COVID-19 Impact - The company continues to monitor the impact of COVID-19 on its business, with uncertainty regarding future operational results due to potential virus resurgence[110]. Off-Balance Sheet Arrangements - There are no off-balance sheet arrangements that could materially affect the company's financial conditions or results of operations[112].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission File Number: 000-55564 KULR TECHNOLOGY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2021 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or Other Jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2020 ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission file number 000-55564 KULR TECHNOLOGY GROUP, INC. (Name of small business issuer in its charter) | Delaware | 81-1004273 | | --- | --- | | (State or other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-55564 KULR TECHNOLOGY GROUP, INC. (Exact name of registrant as specified in its charter) Delaware (State or Other Jurisdic ...

Commission File Number: 000-55564 KULR TECHNOLOGY GROUP, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2020 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Former name, former address and former fiscal year, if changed since last report) N/A Securi ...

Financial Performance - Total revenue for the three months ended March 31, 2020, was $77,500, a decrease of $117,452, or 60%, compared to $194,952 for the same period in 2019[90] - For the three months ended March 31, 2020, revenues were $77,500, a decrease from $133,435 in the same period of 2019, representing a decline of 42%[96] - Gross profit for the three months ended March 31, 2020 was $51,574, down $81,861 or 61% from $133,435 in 2019, with a gross margin percentage of 67%[96] - Cash used in operating activities was $698,110 for the three months ended March 31, 2020, compared to $286,420 in 2019, primarily due to a net loss of $550,253[103] - Cash provided by financing activities was $1,223,401 for the three months ended March 31, 2020, significantly higher than $155,000 in the same period of 2019, driven by net proceeds from a note payable[105] Product and Service Revenue - Product sales decreased to $28,000 in Q1 2020 from $169,440 in Q1 2019, while contract services revenue increased to $49,500 from $25,512[90] - The decrease in product shipments was primarily due to COVID-19 related shutdowns affecting both the company and its clients[90] Research and Development - Research and development expenses decreased by $17,779 or 14% to $129,492 for the three months ended March 31, 2020, primarily due to reductions in patent costs and stock-based compensation[97] - The company expects R&D expenses to increase as it expands future operations[98] Operational Challenges - The company has not yet achieved profitability and expects to continue incurring cash outflows from operations, indicating substantial doubt about its ability to continue as a going concern[77] - As of March 31, 2020, the company had cash balances of $634,148 and working capital deficits of $1,163,280[102] - The company has outstanding debt principal of $1,450,000 maturing on May 31, 2021, indicating potential liquidity concerns[106] Strategic Initiatives - KULR Technology Group has developed a total battery safety solution, including patented thermal runaway shield (TRS) technology, to prevent thermal runaway propagation in lithium-ion batteries[70] - The TRS bag is currently being used on the International Space Station for storing laptop batteries to reduce the risk of thermal runaway[71] - The company plans to expand its capabilities in battery screening and testing, particularly in aerospace and defense sectors, to address increasing regulations on battery safety[73] - KULR's management projects growth in the aerospace and defense sectors, particularly in directed energy and hypersonic weapon programs[74] Financing Activities - The company has entered into a Standby Equity Distribution Agreement allowing it to sell up to $8,000,000 of common stock[82] - The company entered into a Standby Equity Distribution Agreement allowing it to sell up to $8,000,000 of common stock to fund ongoing operations[108] Cost Management - Selling, general and administrative expenses decreased by $99,664 or 18% to $469,527 for the three months ended March 31, 2020, mainly due to lower travel, rent, and salary expenses[100]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2019 ¨ TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from [ ] to [ ] Commission file number 000-55564 (Name of small business issuer in its charter) (State or other jurisdiction of incorporation or organization) (IRS Employer 1999 S. B ...