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KULR Technology (KULR) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
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]
Worksport .(WKSP) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Worksport (WKSP) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Steven Rossi - Chairman, President, CEO & SecretaryMichael Johnston - Chief Financial Officer Conference Call Participants None - AnalystC.K. Poe Fratt - MD - Equity Research & Senior Transportation Analyst Steven Rossi Discussing key operational milestones and share an updated outlook for 2025. Q '1 of this year was a transformative period for Worksport. We released our flagship higher margin products, the AL four tunnel c ...
374Water (SCWO) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
374Water (SCWO) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Christopher Tyson - Executive Vice President & PartnerChris Gannon - CEO & PresidentRussell Kline - CFO Conference Call Participants Michael Mathison - Analyst Operator Greetings. Thank you for standing by, and welcome to the three seventy four Water First Quarter twenty twenty five Financial Results Conference Call. At this time, all participants are in a listen only mode. A question and answer session will follow the forma ...
Omeros(OMER) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Omeros Corp (OMER) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Jennifer Cook Williams - PrincipalGregory Demopulos - Founder, Chairman, CEO & PresidentDavid Borges - VP of Finance, Chief Accounting Officer & TreasurerSteve Brozak - President & Managing PartnerNadia Dac - CCO Operator Good afternoon, and welcome to today's earnings call for Omeros Corporation. At this time, all participants are in a listen only mode. After the company's remarks, we will conduct a question and answer s ...
Fluent(FLNT) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Fluent (FLNT) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Don Patrick - Chief Executive OfficerRyan Perfit - CFOPatrick Sholl - Vice PresidentBill Dezellem - Founder, President & Chief Investment Officer Conference Call Participants Maria Ripps - Managing Director, Senior Research Analyst Operator Good afternoon, and welcome. Thank you for joining us to discuss Fluent's First Quarter twenty twenty five Earnings Results. With me today are Fluent's Chief Executive Officer, Don Patrick ...
Applied Materials(AMAT) - 2025 Q2 - Earnings Call Transcript
2025-05-15 21:32
Applied Materials (AMAT) Q2 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Liz Morali - Vice President of Investor RelationsGary Dickerson - President & Chief Executive OfficerBrice Hill - Senior VP, CFO & leads Global Information ServicesCJ Muse - Senior Managing DirectorMelissa Weathers - Director - Equity ResearchHarlan Sur - Executive Director - Equity ResearchTimothy Arcuri - Managing DirectorKrish Sankar - Managing DirectorSrini Pajjuri - Managing DirectorTimm Schulze-Melander - Part ...
QuantumSi(QSI) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Quantum-Si (QSI) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Katherine Atkinson - SVP - Commercial MarketsJeff Hawkins - President & CEOJeff Keyes - CFO Conference Call Participants Kyle Mikson - Managing Director & Senior Research AnalystScott Henry - Managing Director & Senior Research AnalystSwayampakula Ramakanth - Managing Director & Senior Equity Analyst Operator Day, and thank you for standing by. Welcome to the Quantum SI First Quarter twenty twenty five Earnings Call. At thi ...
Sensus Healthcare(SRTS) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Sensus Healthcare (SRTS) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Tirth Patel - Vice President - IRJoseph Sardano - Co-Founder, Chairman and CEOMichael Sardano - President and General CounselJavier Rampolla - CFOYi Chen - Managing Director, Equity ResearchBen Haynor - Managing Director Conference Call Participants Jason Wittes - Managing Director & Senior Research AnalystJeremy Pearlman - Equity Analyst Operator Good day, and welcome to the Sensus Health Care First Quarter twenty ...
Alliance Entertainment (AENT) - 2025 Q3 - Earnings Call Transcript
2025-05-15 21:32
Alliance Entertainment (AENT) Q3 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Paul Kuntz - Director of CommunicationsJeff Walker - CEO and CFOAmanda Gnecco - Chief Accounting Officer Operator Greetings, and welcome to the Alliance Entertainment Fiscal twenty twenty five Third Quarter Financial Results Conference Call. At this time, all participants are in listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded. ...
Duos Technologies (DUOT) - 2025 Q1 - Earnings Call Transcript
2025-05-15 21:32
Duos Technologies Group (DUOT) Q1 2025 Earnings Call May 15, 2025 04:30 PM ET Company Participants Charles Ferry - CEO & DirectorAdrian Goldfarb - CFODan Weston - General Manager Conference Call Participants Mike Latimore - Managing Director & Senior Research AnalystEdward Woo - Director of Research & Senior Analyst Operator Good afternoon. Welcome to Duos Technologies First Quarter twenty twenty five Earnings Conference Call. Joining us today's call are Duos' CEO, Chuck Ferry and CFO, Adrian Goldfarb. Foll ...