KULR Technology Group Surges 5.7% After Reporting Better-Than-Expected Q2 Results
ByAinvest
Friday, Aug 15, 2025 10:50 am ET1min read
BTC--
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
KULR--
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
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet