Why Is Kulr Technology (KULR) Stock Down 28% Today?

Core Points - Kulr Technology reported a Q1 2024 earnings per share of -4 cents, missing Wall Street's expectation of -2 cents per share, although it improved from -6 cents per share year-over-year [1][2] - The company's Q1 revenue was $1.75 million, significantly below analysts' estimate of $4.6 million, with no year-over-year revenue growth [2] - Despite the challenges, the CFO stated that there is ongoing customer demand for KULR products and services, and the company is focused on investing in growth while managing costs [3] Stock Performance - KULR stock is down 27.7% as of Thursday morning, but it had previously increased by 159.2% year-to-date before the earnings report [4] - Trading volume for KULR stock was about 800,000 shares, far below the daily average of approximately 12.6 million shares [3]