Core Insights - KULR Technology Group reported a quarterly loss of 17 cents per share, missing the analyst estimate of a 16 cents loss [2] - The company achieved quarterly revenue of $6.88 million, surpassing the analyst consensus estimate of $6 million [2] Financial Performance - Revenue increased by 116% year-over-year, from $3.18 million in the same period last year to $6.88 million [5] - Product sales rose by 112%, with revenue of approximately $1.62 million compared to approximately $765,000 in the same quarter last year [5] - Gross margin decreased to 9% in the third quarter, down from 71% in the same period last year, primarily due to increased service contract hours and higher costs related to digital asset mining leases [5] Management Commentary - KULR's CEO, Michael Mo, emphasized the company's growth and innovation, highlighting a more resilient balance sheet supported by unlevered Bitcoin holdings [3] - The CEO expressed confidence in investing in next-generation KULR ONE battery products and advancing R&D initiatives [3]