KULR Technology (US:KULR)2025-03-27 20:17Financial Performance - Revenue increased by 44% to $3.37 million in Q4 2024 from $2.33 million in the same period last year[4] - Operating loss decreased by 29% to $3.54 million in Q4 2024 from $4.97 million in the same period last year[4] - Gross margin improved to 64% in Q4 2024 compared to 29% in the same period last year[4] - Full-year 2024 revenue increased by 9% to $10.74 million from $9.83 million in 2023[8] - SG&A expenses decreased by 16% to $15.98 million in 2024 from $18.94 million in 2023[9] - R&D expenses decreased to $4.74 million in 2024 from $7.14 million in 2023[9] Cash Position - Cash position improved significantly to $29.83 million as of December 31, 2024, compared to $1.19 million as of December 31, 2023[11] Investments and Acquisitions - KULR expanded its Bitcoin holdings to 668.3 BTC, with a total investment of $65 million in Bitcoin acquisitions[4] - KULR signed a multi-million-dollar licensing agreement for advanced carbon fiber cathode applications for nuclear reactor systems in Japan[5] Future Plans - KULR plans to launch the KULR ONE Space battery in 2026, targeting a space battery market projected to grow from $3.9 billion to $6.35 billion by 2030[5]