KULR Technology Group Surges 5.7% After Reporting Better-Than-Expected Q2 Results

KULR Technology Group reported better-than-expected Q2 financial results, beating EPS and sales estimates. The company ended the quarter with $24.73 million in cash and accounts receivable, and reported a net income of $8.14 million, driven primarily by a mark-to-market gain on its Bitcoin holdings. KULR shares are trading 5.7% higher at $5.58.

KULR Technology Group, Inc. (NYSE American: KULR) reported strong financial results for the second quarter ended June 30, 2025, beating analysts' expectations. The company's revenue increased by 63% to $3.97 million, compared to $2.43 million in the same period last year. Product sales also surged by 74%, with revenue of approximately $1.98 million. The company ended the quarter with $24.73 million in cash and accounts receivable, reflecting a solid financial position [1].

KULR's net income for the quarter was $8.14 million, or $0.22 per share, compared to a net loss of $5.89 million, or a loss of $0.26 per share from the same period last year. The significant improvement in net income was driven by a mark-to-market gain on the company's Bitcoin holdings [1].

The company's gross margin decreased to 18% from 24% in the same period last year, primarily due to increased labor hours for technical projects. Selling, General and Administrative (SG&A) expenses rose to $6.94 million from $4.59 million, reflecting increased advertising and marketing services, as well as stock-based compensation. Research and Development (R&D) expenses also increased to $2.44 million from $1.31 million, reflecting a planned increase in R&D consulting services [1].

KULR's Chief Financial Officer, Shawn Canter, commented on the results, highlighting the company's commitment to long-term growth and its Bitcoin treasury strategy. The company holds over 1,035 BTC and has achieved a BTC yield of 291.2% year-to-date, demonstrating its effective acquisition strategy [1].

KULR shares are trading 5.7% higher at $5.58 as of July 2, 2025, reflecting investors' positive response to the company's strong Q2 results.

References:
[1] https://www.globenewswire.com/news-release/2025/08/14/3133889/0/en/KULR-Technology-Group-Reports-Second-Quarter-2025-Financial-Results.html