Financial Results - KULR Technology Group, Inc. announced financial results for Q1 2025, with specific figures to be detailed in the press release[5] - The financial results and operational highlights are expected to provide insights into the company's performance and future strategies[10] - The press release is attached as Exhibit 99.1, which contains detailed financial data[11] Company Information - The company is listed on NYSE American LLC under the trading symbol KULR[3] - The company has not indicated whether it is an emerging growth company in this filing[4] Reporting and Compliance - The report is filed under Form 8-K, which is a current report for significant events[1] - The CEO, Michael Mo, signed the report, affirming the authenticity of the information provided[15] Communication and Disclosure - The company utilizes various social media channels for public disclosures, enhancing investor communication[9] - The press release includes operational highlights alongside the financial results, indicating a focus on recent developments[7] Timeliness - The date of the report is May 15, 2025, indicating the timeliness of the information[2]

HOUSTON, May 15, 2025 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in advanced energy management solutions, today reported results for the first quarter ended March 31, 2025. “2025 is a transformational year for KULR and the transformation is well on its way,” commented KULR CEO Michael Mo. “With over $100M in cash and Bitcoin holdings on our balance sheet as of the present day and virtually no debt, we are well capitalized to grow our batt ...

Financial Performance - KULR Technology Group reported ongoing cash outflows and has not yet achieved profitability, necessitating significant revenue generation to reach profitability [117]. - Total revenue for the three months ended March 31, 2025, was $2,448,606, an increase of 40% compared to $1,749,104 for the same period in 2024 [161]. - Revenue from product sales increased by $545,466 or 87% to $1,160,559 in Q1 2025, despite a decrease in the number of product sales customers from 25 to 16 [162]. - Revenue from contract services decreased by $95,718 or 8% to $1,038,293, with a decline in customers from 14 to 12 [163]. - Gross profit for the three months ended March 31, 2025, was $206,345, a decline of 60% from $510,789 in the same period in 2024, resulting in gross profit margins of 8% compared to 29% [168]. - Other expenses increased significantly to $9,362,853, primarily due to a $9,748,600 unrealized loss on Bitcoin holdings [174]. - The company experienced a net loss of $18,806,658 for the three months ended March 31, 2025, compared to a net loss of $5,008,876 for the same period in 2024 [180]. Research and Development - Research and development expenses rose by 157% to $2,449,900 in Q1 2025, primarily due to increased consulting services and stock-based compensation [170]. - KULR ONE AI (K1AI) aims to enhance battery design and reduce time to market by leveraging AI and extensive performance data [146]. - KULR's business model is evolving towards providing total system solutions, focusing on partnerships for joint ventures and technology licensing [116]. Technology and Product Development - The KULR ONE Space platform is currently utilized by multiple customers for space exploration missions, featuring a passively propagation resistant and flame arresting architecture, with final certification expected from NASA in Q2 2025 [128]. - KULR VIBE technology demonstrated a 23% increase in battery life and a 45% lift increase in a mission-critical drone, showcasing its effectiveness in vibration reduction [143]. - KULR ONE battery packs are designed for various applications, including aerospace, military, and energy storage, emphasizing safety and modularity [126]. - The KULR CoreTM integrates battery management systems with AI capabilities, enhancing battery control and monitoring for space applications [132]. - The KULR ONE Design Solutions (K1-DS) portfolio includes safety testing services and customized energy storage solutions, addressing various battery life cycle phases [120]. - KULR has invested heavily in cell and battery testing capabilities, enhancing its service offerings in abuse, electrical, and environmental testing [138]. - The KULR ONE architecture includes the KULR ONE Guardian and KULR ONE Max, targeting military applications and grid energy storage systems respectively [126]. Market Trends - The global vibration motor market is projected to grow from $6.5 billion in 2023 to $24.1 billion by 2032, with a CAGR of 14.1% during 2023-2032 [144]. - KULR's SafeCASE technology addresses the growing $21 billion battery recycling market by providing safe storage and transport solutions for lithium batteries [148]. - The company has partnered with major defense contractors like Lockheed Martin to develop thermal management solutions for aerospace applications [149]. Cash Flow and Investments - For the three months ended March 31, 2025, net cash used in operating activities was $9,771,951, compared to $3,907,406 for the same period in 2024 [180]. - The company reported net cash used in investing activities of $44,716,519 for the three months ended March 31, 2025, primarily related to investments in digital assets [181]. - Financing activities generated net cash of $49,105,909 for the three months ended March 31, 2025, mainly from ATM equity financing totaling $49,871,627 [182]. - The company entered into a Machine Lease Agreement to operate 2,500 bitcoin mining machines at a total lease cost of $850,000, earning 2.97 bitcoin by March 31, 2025 [176]. - The fair value of digital assets purchased during the first quarter of 2025 was $44,401,250, with an average fair value per bitcoin of $449.45 [177]. - The company raised gross proceeds of $51,152,353 from ATM offerings during the three months ended March 31, 2025, indicating strong liquidity [185]. Bitcoin Strategy - The company adopted bitcoin as its primary treasury reserve asset in December 2024, planning to acquire and hold bitcoin using excess cash beyond working capital requirements [175]. - As of March 31, 2025, the company held bitcoin valued at $55,281,690, a significant increase from $20,281,184 as of December 31, 2024 [179]. Future Financial Obligations - Future cash requirements include approximately $2,723,883 for accounts payable and accrued expenses, and $421,711 for future payments under operating and finance leases [183].

Core Viewpoint - KULR Technology Group, Inc. will hold a conference call on May 15, 2025, to discuss its financial results for the first quarter ended March 31, 2025, with results to be released prior to the call [1][3]. Company Overview - KULR Technology Group, Inc. is a leader in advanced energy management solutions, specializing in energy storage solutions for space, aerospace, and defense [4]. - The company utilizes in-house battery design expertise and offers a comprehensive cell and battery testing suite, along with battery fabrication and production capabilities [4]. - KULR has committed to allocating up to 90% of its surplus cash to the acquisition of bitcoin as part of its treasury program [4]. Conference Call Details - The conference call will take place at 4:30 p.m. Eastern time (1:30 p.m. Pacific time) [1][3]. - Interested parties can submit questions to be addressed during the call, with a deadline for submissions set for 8:00 a.m. ET on May 12, 2025 [2]. - Registration is required to access the call, and details will be provided via email after registration [3]. Investor Relations - For further inquiries, KULR Technology Group can be contacted via phone at 858-866-8478 x 847 or through email at ir@kulr.ai [6].

Core Viewpoint - KULR Technology Group, Inc. has launched a blockchain-secured supply chain initiative aimed at enhancing transparency and security in product-related data management for its customers [1][2]. Group 1: Blockchain Initiative - The new initiative decentralizes inventory tracking on a blockchain, providing enhanced transparency, security, and real-time visibility across the supply chain [2]. - Each inventory item will be recorded as a tamper-proof, timestamped entry on a distributed ledger, eliminating data manipulation risks and ensuring a single source of truth for all stakeholders [2]. - The blockchain's traceability features will allow KULR to verify product authenticity, monitor asset movement, and streamline audits [2]. Group 2: Product Integration - Lithium-ion batteries that meet NASA's WI 37A rigorous methodology will be one of the initial products recorded on the blockchain, creating a secure and immutable record of testing data for future users [3]. - Each manufactured battery will have its metadata minted as a non-fungible token (NFT) on the blockchain, facilitating ownership transfer upon purchase [4]. Group 3: Strategic Insights - KULR's CEO, Michael Mo, indicated that the move to blockchain for supply chain tracking aligns with the company's previous bitcoin treasury strategy, aiming to leverage proven blockchain technologies for operational efficiency [4]. - The company has developed a customized rollup to Coinbase's Base L2 chain, built on Ethereum, to support its blockchain initiatives [5]. Group 4: Financial Strategy - KULR has committed to holding up to 90% of its surplus cash reserves in bitcoin, having acquired 668 BTC to date [5][7].

Core Insights - KULR Technology Group has launched a strategic partnership with German Bionic to expand into robotics and artificial intelligence, targeting the growing wearable robotic exoskeleton market projected to reach $41.5 billion by 2033 [1][3][4] Company Developments - The partnership will establish a dedicated business unit, KULR AI & Robotics, to drive innovation in affordable robotic solutions aimed at supporting the US workforce and reshoring manufacturing [3][6] - KULR's website has been updated to reflect this new focus, and the business unit will be led by Josh Steinmann, VP of AI and Robotics [3] Partnership Details - The collaboration will enhance the capabilities of German Bionic's Apogee ULTRA exoskeleton, focusing on performance improvements, AI integration, and user adaptability [5] - KULR will hold exclusive marketing and distribution rights for German Bionic's products in North America, positioning the company as the primary provider across various industries [5] Industry Context - KULR's expansion aligns with US strategic priorities to boost domestic manufacturing and industry, aiming to localize the production of future exoskeletons within the United States [6] - The partnership is expected to significantly enhance human energy output, reduce workplace injuries, and improve employee satisfaction and retention across sectors such as logistics, manufacturing, and healthcare [4][6]

Core Viewpoint - KULR Technology Group is actively engaging in the integration of AI and Bitcoin within corporate treasury strategies, positioning itself as a leader in advanced energy management and Bitcoin treasury initiatives [1][3][5]. Group 1: Conference Participation - KULR is a Silver sponsor of Strategy World 2025, a conference focused on AI and Bitcoin, taking place from May 5th to May 8th in Orlando, Florida [1][2]. - CEO Michael Mo will participate in a panel discussing "Corporate Bitcoin Success Stories," sharing insights from KULR's Bitcoin treasury strategy [4]. Group 2: Bitcoin Treasury Strategy - KULR has purchased over 660 BTC, valued at over $65 million, and plans to allocate up to 90% of its surplus cash to Bitcoin [3][6]. - The company aims to promote the benefits of a Bitcoin treasury and engage with industry leaders at the conference [3][5]. Group 3: AI Integration - KULR has rebranded its website to KULR.ai, reflecting its focus on integrating AI into its solutions, including AI-driven software for battery management systems [5]. - The company has partnered with EDOM Technology to enhance its energy management solutions across the global AI supply chain [5].

Group 1 - The focus has shifted towards offshore drilling, supply industry, and shipping, including tankers, containers, and dry bulk [1] - The fuel cell industry is being monitored as it is still in its early stages of development [1] Group 2 - The individual has extensive experience in auditing and trading, having navigated significant market events such as the dotcom bubble and the subprime crisis [2] - The research provided aims to maintain high quality despite language barriers [2]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2024 ☐ 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. (Name of small business issuer in its charter) | Delaware 81-1004273 | | -- ...

KULR Technology Group, Inc. (NYSE:KULR) Q4 2024 Earnings Conference Call March 27, 2025 4:30 PM ET Company Participants Stuart Smith - Investor Relations Michael Mo - Chief Executive Officer Shawn Canter - Chief Financial Officer Conference Call Participants Operator Good afternoon, and thank you for joining us for the KULR Technology Group Fourth Quarter and Full-Year 2024 Earnings Call. Joining me on the call today will be Michael Mo, the Chief Executive Officer of the company; as well as Shawn Canter, th ...