KULR Technology Group Reports First Quarter 2026 Financial Results
KULR Technology Group reported Q1 2026 revenue of $4.85 million, a 98% year-over-year increase, driven by growing traction in battery and energy systems platforms. Core operational metrics improved significantly: gross margin expanded from 8% to 29%, SG&A expenses fell 9%, and operating loss decreased 22% to $7.4 million.
Key figures
- Revenue
- 4846430
- Revenue Yoy
- 98%
- Net loss
- 28119844
- Rd expenses
- 1770500
- Cash balance
- 19000000
- Gross margin
- 29%
- Net loss yoy
- increase from $18.8M
- Sga expenses
- 6531969
- Operating loss
- 7385177
- Rd expenses yoy
- 28% decrease
- Gross margin yoy
- 8%
- Sga expenses yoy
- 9% decrease
- Operating loss yoy
- 22% decrease
- Bitcoin mark to market loss
- 20767713
AI analysis
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