Financial Data and Key Metrics Changes - The company reported GAAP revenue of $600,000 for Q1 2025, with a cost of revenue of $8,700,000, reflecting the final deliveries of energy centers to a Florida utility [19][20] - Non-GAAP operating expenses for Q1 were $9,400,000, with R&D spending of $2,300,000 focused on cost reduction initiatives and technology improvements [21][22] - Adjusted EBITDA for Q1 was negative $15,000,000, but the company expects this loss to narrow as production ramps up in 2025 and beyond [21][22] Business Line Data and Key Metrics Changes - The first quarter revenue was primarily tied to equipment (65%) and site preparation (35%) for battery systems [6] - The company is pivoting from energy warehouse and energy center products to a more focused strategy on energy-based products, which has already shown early momentum [7][8] - Proposal activity has increased significantly, totaling approximately 1.2 gigawatt hours and $400,000,000 in the last two quarters, with over 70% representing the energy base [10] Market Data and Key Metrics Changes - The company secured a contract for a 50 megawatt hour pilot project with an Arizona public power utility, beating over 10 competitors [8][9] - The project is expected to lead to a significant follow-on RFP opportunity, indicating strong demand for non-lithium ion longer duration storage technologies [9][10] - The company is experiencing increased inquiries and proposal activity due to the growing demand for alternatives to lithium-ion batteries [52][54] Company Strategy and Development Direction - The company is focusing on executing its energy-based product launch and gaining commercial momentum, with plans to demonstrate longer duration storage capabilities [6][11] - Strategic partnerships, particularly with Honeywell, are being leveraged to enhance product development and manufacturing capabilities [12][17] - The company aims to reduce costs and improve product performance to compete effectively with lithium-ion technologies [22] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging capital markets environment and is actively pursuing options to extend the company's cash runway [17][24] - The company is optimistic about the legislative support for domestic battery manufacturing, which could benefit its operations [15][17] - Management expects to transition to EBITDA and cash flow positive in the next few years based on the anticipated ramp of energy-based production and sales [21][22] Other Important Information - The company ended Q1 2025 with $12,800,000 in cash and short-term investments, with a reduced cash burn rate compared to previous quarters [23][24] - The company is exploring various strategic financing alternatives to strengthen its balance sheet and extend its cash runway [25] Q&A Session Summary Question: Outlook for Q2 sales and ramp in the second half - Management confirmed that Q2 sales are expected to be similar to Q1, with a ramp in the second half contingent upon successful capital raising [27][28] Question: Cash runway and operational support - Management indicated that the current cash runway is supported by lower cash burn rates and ongoing discussions for interim financing solutions [29][32] Question: Details on the Arizona RFP requirements - The RFP required non-lithium solutions, and the company's ability to deliver over 10 hours of storage and operate in various temperatures contributed to its success [34][35] Question: Customer deposits for booked orders - Historical deposit ranges for booked orders are between 5% to 20%, with expectations to push towards the higher end for future contracts [38] Question: Status of the Australian project - The project is delayed due to government funding not coming through, with no further updates on timing [46] Question: Discussions with strategic partners - Ongoing discussions with Honeywell and other investors are productive, with a focus on strategic capital raising [49][50] Question: Impact of tariffs on customer inquiries - The company has seen a positive increase in inquiries due to tariff impacts and the drive for electrification growth [52][54]

Financial Data and Key Metrics Changes - Revenue increased by 40% year-over-year to $2.4 million for Q1 2025, marking the highest trailing twelve months revenue Cooler has ever generated [26] - Product revenue surged by 89%, while service revenue declined by 8%, with the company recognizing its first Bitcoin mining revenue of $250,000 [27] - Gross margin for Q1 2025 was down primarily due to unanticipated labor hours needed for technical projects [27] - Cash balance at the end of Q1 was $24 million, with total assets amounting to $94 million and no material financial debts [28] Business Line Data and Key Metrics Changes - Overall revenue per customer increased by approximately 64%, with product revenue per customer up 195% and service revenue per customer up 7% [27] - The company is focusing on its Koother One battery platform and has expanded its facility footprint to approximately 31,000 square feet, doubling battery production capacity [11] Market Data and Key Metrics Changes - The exoskeleton market is projected to grow from $2.5 billion to $24 billion by 2031, driven by labor shortages in manufacturing and other sectors [31] - The global market for wearable robotics is expected to reach $42 billion by 2033, indicating significant growth potential [14] Company Strategy and Development Direction - Cooler Technology Group is positioning itself as a Bitcoin-first company, integrating Bitcoin into its core strategy and identity [6][24] - The company is entering strategic BTC mining opportunities and has launched a blockchain-secured supply chain initiative [10] - The partnership with German Bionic aims to enhance productivity and safety in various industries through the use of exoskeleton technology [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in doubling revenue by the end of 2025, citing strong performance in Q1 2025 as a positive indicator [44] - The company acknowledges the challenges in the EV battery market, opting to focus on high-margin sectors instead [46] - Management emphasized the importance of navigating a dynamic and volatile future, highlighting the strategic role of Bitcoin in their operations [24] Other Important Information - The company will not be extending its San Diego lease and will consolidate operations into its Webster, Texas facility [34] - A grant of $6.7 million from the Texas Space Commission will support the development of next-generation space battery systems [13] Q&A Session Summary Question: Is KULR still pursuing a deal with UPS for SafeCase? - Yes, the company continues to pursue a deal with UPS for SafeCase [35] Question: Does KULR still have a licensing deal with Ampreus? - KULR has a technology design partnership with Ampreus, focusing on high-energy and high-power batteries [36] Question: Is Cooler paying SpaceX to take their tech into space in 2026? - Yes, Cooler is paying SpaceX to take their CubeSat and battery into space in 2027 [38] Question: Which partnerships do you think will be the most profitable in the short term? - Both the Cooler One space development and the new AI robotics opportunity are promising [39] Question: What is the California facility used for now? - The California facility is transitioning all activities to the Webster, Texas facility by the end of the year [40] Question: What do you say to investors waiting on sales agreements? - The company expects to engage more customers and move them into production faster due to the expanded facility [42] Question: Does this quarter give you confidence in doubling revenue by the end of 2025? - Yes, the company still expects to double revenue by the end of 2025 [44] Question: What is KULR's vision for providing batteries for the EV industry? - KULR has intentionally stayed away from the EV battery market due to its challenging nature and razor-thin margins [46] Question: Does KULR have plans for other battery needs besides current solutions? - Currently, KULR is focused on its quarter '1 platform for space, DOD, robotics, and industrial applications, not consumer products [49]

Financial Data and Key Metrics Changes - The company reported a revenue growth of 6.8% in Q1 2025, marking the second consecutive quarter of year-over-year revenue growth [4] - First quarter net sales reached $13.4 million, with OEM net sales increasing by 10.8% to $8.1 million, while DTC segment revenue declined by approximately 3.6% to $5 million [18] - Gross profit increased by 12.5% to $3.9 million, and gross margin improved by 500 basis points to 29.4% [19] - The net loss for the quarter was $6.8 million, with a diluted loss per share of $0.93, compared to a net loss of $10.4 million and a diluted loss per share of $1.55 in the prior year [19] - Adjusted EBITDA improved to a loss of $3.6 million from a loss of $5.2 million in the previous year [19] Business Line Data and Key Metrics Changes - The OEM channel showed strong growth with a 10.8% increase in net sales, driven by broader integration of solutions at the factory level [4] - The DTC segment faced challenges, reflecting macroeconomic pressures that led to a decline in net sales [4][18] Market Data and Key Metrics Changes - The company highlighted its competitive advantage due to growing US-based production capabilities, which are crucial amid the volatile tariff landscape [8] - The strategic position is further strengthened by a lithium supply agreement with Pioneer, enhancing the company's ability to localize critical mineral supply chains [10] Company Strategy and Development Direction - The company is focusing on long-term growth through the OEM channel while optimizing its product development and rollout efforts [5] - A corporate optimization program has been launched to prioritize near-term revenue-generating opportunities and operational improvements [5][6] - The company aims to transition select components to North American-based sourcing and expand its domestic footprint [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating ongoing market volatility while delivering high-quality energy storage solutions [19] - The company anticipates net sales of approximately $14.8 million in Q2 2025, representing year-over-year growth of 12% [19] - Management acknowledged the impact of tariffs on operations and emphasized the importance of cash flow and profitability for future growth [28][30] Other Important Information - The company has increased production capacity without additional headcount through enhanced automation and operational efficiencies [6][7] - The dual flow power pack for the heavy-duty trucking market is highlighted as a key product that addresses current market needs [5][14] Q&A Session Summary Question: Updates on dry electrode manufacturing technology commercialization - Management confirmed ongoing development and interest from commercial partners, but emphasized a focus on near-term revenue and profitability [24][25] Question: Thoughts on cash balance and EBITDA guidance - Management indicated confidence in cash balance post-preferred equity deal and emphasized investments in near-term revenue growth [27][28] Question: Follow-up on EBITDA expectations for Q2 - Management explained that continued investments in product development and the impact of tariffs influenced the EBITDA guidance for Q2 [30]

Financial Data and Key Metrics Changes - Revenue in Q1 2025 totaled $2,000,000, an increase of 111% from $1,000,000 in the prior year period [20] - Gross profit in Q1 2025 was $500,000, or 24.5% of revenue, compared to $200,000, or 22.9% of revenue in the prior year [20] - Net loss in Q1 2025 totaled $1,200,000, a 47.5% improvement from a net loss of $2,200,000 in the prior year [22] - Cash and cash equivalents were $1,100,000 as of March 31, 2025, compared to $500,000 as of December 31, 2024 [22] Business Line Data and Key Metrics Changes - The company has made progress in its home energy storage solutions (HESS) vertical, with shipments beginning in January 2025 [9] - The E360 product line has shown sales growth, indicating a preferred conversion solution for lead acid batteries [7] - The RV market is recovering, with total RV shipments increasing by 14% in Q1 2025 [24] Market Data and Key Metrics Changes - The home energy storage market is expected to surpass $123 billion globally by 2029 [19] - The company is targeting home and small commercial solar users with its new battery solutions [16] - The industrial applications market is identified as a future growth vertical, driven by demand for electric forklifts and material handling [15] Company Strategy and Development Direction - The company aims to onshore the manufacturing of its components to mitigate tariff impacts and pursue government and defense opportunities [13][26] - A partnership with NeaVolta is being explored to develop a U.S.-based battery manufacturing facility [10][26] - The focus is on expanding the addressable market with E360 home energy storage solutions, which began production in January 2025 [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025 and beyond, with substantial purchase orders and new customer interest [23] - Meetings in Washington D.C. were described as encouraging, with support for onshoring efforts [32][33] - The company is actively working to ensure tariffs have minimal impact on its business and growth [25] Other Important Information - The company has secured several new OEM customers, including Scout Campers and KZ Recreational Vehicles [10] - A registered direct offering in January 2025 raised approximately $2,600,000 for working capital and growth initiatives [12] Q&A Session Summary Question: How will the onshoring of a cell plant help financially? - Onshoring will provide access to cells at a cost-plus basis, increasing margins and eliminating tariff threats [30] Question: What would your financial burden be should a domestic cell plant be constructed? - The partner bears the financial burden, while the company provides technology and manages production [31] Question: How did your meetings go in Washington, and can you provide any additional details? - Meetings were very encouraging, with strong support for onshoring efforts and U.S. manufacturing investment [32][33]

Financial Data and Key Metrics Changes - Revenue in the first quarter of 2025 totaled $2,000,000, an increase of 111% from $1,000,000 in the prior year period [20] - Gross profit for the first quarter of 2025 was $500,000, or 24.5% of revenue, compared to $200,000, or 22.9% of revenue in the prior year period [20] - Net loss in the first quarter of 2025 totaled $1,200,000, a 47.5% improvement from a net loss of $2,200,000 in the prior year period [21] - Cash and cash equivalents were $1,100,000 as of March 31, 2025, compared to $500,000 as of December 31, 2024 [22] Business Line Data and Key Metrics Changes - The company has begun shipments in the home energy storage solutions (HESS) vertical, which is expected to benefit from a fast-growing battery energy storage market [8] - The E360 product line has shown sales growth, indicating a preferred conversion solution for lead-acid batteries [6] - The RV market is recovering, with total RV shipments increasing by 14% in the first quarter of 2025 [24] Market Data and Key Metrics Changes - The home energy market is projected to surpass $123 billion globally by 2029, indicating significant growth potential [19] - The company is exploring partnerships to enhance its manufacturing capabilities and mitigate tariff impacts, particularly with NeaVolta [9][26] Company Strategy and Development Direction - The company aims to onshore the manufacturing of its components to mitigate tariff risks and enhance production capabilities [12][26] - A focus on expanding the addressable market with E360 home energy storage solutions began production and shipments in January 2025 [25] - The company is actively working to diversify its supply chain to avoid tariffs and increase margins [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the growth trajectory for 2025 and beyond, with substantial purchase orders and new customer interest [23] - Meetings in Washington regarding onshoring efforts were described as encouraging, with strong support for increasing U.S. manufacturing investment [31] Other Important Information - The company closed a registered direct offering and concurrent private placement with institutional investors in January 2025, raising approximately $2,600,000 [11] - The company has prepared for growth by building up inventory early in the quarter before new tariffs were introduced [12] Q&A Session Summary Question: How will the onshoring of a cell plant help financially? - Onshoring will provide access to cells at a cost-plus basis, increasing margins without tariff threats, and will also generate royalties from cell sales [29] Question: What would the financial burden be for constructing a domestic cell plant? - The company will provide technology and manage the project, while the partner bears the financial burden and capital requirements [30] Question: How did the meetings in Washington go? - The meetings were very positive, with strong support for onshoring efforts and U.S. manufacturing investment [31]

Financial Performance & Highlights - Expion360's revenue increased to $2 million in Q1 2025, compared to $1 million in Q1 2024[47] - Gross profit increased to $05 million in Q1 2025, compared to $02 million in Q1 2024[47] - Gross margin increased to 245% in Q1 2025, compared to 229% in Q1 2024[47] - Net loss decreased to $(12) million in Q1 2025, compared to $(22) million in Q1 2024[47] - The company closed a $26 million registered direct offering in January 2025[20, 47] Strategic Initiatives & Market Positioning - Began fulfilling purchase orders for Home Energy Storage Solutions ("HESS") in January 2025[20, 26] - Exploring a potential collaboration with NeoVolta Inc to engineer a state-of-the-art battery manufacturing facility[20] - RV industry shipments increased 14% in the first quarter of 2025[48] Technology & Product Development - e360 12 volt 450 Ah battery features new proprietary anode/cathode design that increases energy density by >32%[29] - The company has 11 patents pending across its five market segments[23]

Core Insights - Expion360 Inc. reported a significant revenue growth of 111% year-over-year for Q1 2025, reaching $2.0 million, marking the fifth consecutive quarter of robust revenue growth [4][8][9] - The company began shipping its e360 Home Energy Storage Solutions (HESS) in January 2025, which is expected to enhance its market position in the residential energy sector [5][9] - The RV market is rebounding, with a reported 14% increase in total RV shipments in Q1 2025, contributing to the company's revenue growth [4][8] Financial Highlights - Revenue for Q1 2025 totaled $2.0 million, up from $1.0 million in Q1 2024, and increased by 3% sequentially from Q4 2024 [8][9] - Gross profit for the quarter was $0.5 million, representing 25% of revenue, compared to 23% in the prior year [10] - Selling, general, and administrative expenses decreased by 25% to $1.6 million from $2.2 million in the prior year, primarily due to reductions in salaries, benefits, and legal fees [11] Operational Developments - The company has taken proactive measures to prepare for growth by increasing inventory levels by 6-12 months early in the quarter to mitigate potential tariff impacts [6] - Expion360 is working on diversifying its supply chain and aims to onshore the manufacturing of most components to the U.S. [6] - The company closed a $2.6 million registered direct offering and private placement, strengthening its balance sheet for future growth initiatives [7][13] Market Outlook - The company anticipates continued growth in the RV market throughout 2025, supported by strong demand for its products [4] - Expion360 is focused on expanding its sales across its product portfolio and developing new technologies and batteries [7] - The company expects to announce additional milestones in the coming months, with substantial purchase orders already in hand [7]

Core Points - The Annual General Meeting of Ensurge Micropower ASA was held electronically, with significant agenda changes approved by shareholders [2] - Morten Opstad was elected to chair the meeting, and a new nomination committee was formed consisting of Thomas Ramm (chair), Fredrik Munch, and Andreas Ellingsen [2] - The majority of the agenda items were adopted as proposed by the board of directors, with minutes to be published on the company's website [3] Company Overview - Ensurge Micropower specializes in ultrathin, flexible, reliable, and safe solid-state lithium microbattery technology, aimed at energizing innovation [3] - The company operates from Silicon Valley with a team of forty specialists, focusing on applications in hearables, wearables, sports and fitness devices, and IoT sensor solutions [4] - Ensurge's manufacturing facility utilizes patented process technology and roll-to-roll production methods, optimizing for prototyping and small-scale manufacturing while planning to outsource larger-scale production [5] - The company is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating a strong strategic investment and transatlantic collaboration [6]

Core Viewpoint - NEO Battery Materials Ltd. has appointed Dr. Jun Sik Jeoung as Senior Scientific Advisor of Commercialization & Cell Development to enhance its capabilities in silicon anode materials for lithium-ion batteries, particularly during a critical scale-up phase [1][4]. Company Overview - NEO Battery Materials is a Canadian technology company focused on developing low-cost silicon anode materials for lithium-ion batteries used in electric vehicles, electronics, and energy storage systems [6]. - The company aims to become a global leader in silicon anode materials, leveraging a patent-protected manufacturing process that enables longer-lasting and ultra-fast charging batteries compared to existing technologies [6]. Appointment of Dr. Jun Sik Jeoung - Dr. Jeoung holds a Ph.D. in Materials Science and Engineering and has over 17 years of experience in lithium-ion battery R&D, scale-up, and production at major automotive and battery cell manufacturers [2][3]. - His previous roles include leading the development of BMW i3 EV's 94Ah automotive cells at Samsung SDI and serving as Vice President of R&D at EoCell, where he improved cell energy density and safety [3]. Role and Responsibilities - In his new role, Dr. Jeoung will focus on designing and manufacturing large-scale batteries for commercial material qualification and providing insights for silicon anode manufacturing [4]. - His expertise is expected to be crucial as NEO progresses towards Phase I expansion to 240 tons production capacity [4]. Market Position and Strategy - Dr. Jeoung emphasized the importance of silicon anode integration for achieving high energy density and rapid-charging capabilities in lithium-ion batteries, which aligns with NEO's strategic goals [5]. - The company is positioned to secure a unique market position by demonstrating high-performance lithium-ion cells utilizing its silicon materials [5].

Group 1 - The company successfully demonstrated and shipped 11L/10 μm batteries, which met performance expectations at customer sites, showcasing fast charging and pulse discharging capabilities [1] - Negotiations with a Fortune 500 partner regarding a Joint Development Agreement (JDA) for next-generation batteries have progressed significantly [1] - The company achieved a 90% assembly yield after finalizing all critical technology issues [1] Group 2 - The company has filed critical intellectual property (IP) related to technical fixes and manufacturing process innovations [1] - A 24/7 shift structure has been implemented to reduce cycle time and increase stack output [1] - The strengthened development pace has led to an increasing customer pipeline and new technology inquiries [1] Group 3 - Ensurge Micropower specializes in ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbatteries, targeting form-factor-constrained applications such as wearables and IoT devices [2] - The company operates a state-of-the-art manufacturing facility that combines patented process technology and materials innovation, optimized for prototyping and small-scale manufacturing [2] - Ensurge aims to outsource production of resulting intellectual property (IP) to specialized partners with industrial manufacturing expertise to scale efficiently [2]