KULR Technology Plunges 9.46% on Earnings Miss

On May 16, 2025, KULR Technology's stock price experienced a significant drop of 9.46% in pre-market trading, marking a notable decline for the company.

KULR Technology Group Inc. recently reported earnings that fell short of analysts' expectations by $0.05, coupled with revenue that also underperformed estimates. This financial underperformance has raised concerns among investors about the company's short-term prospects.

In an effort to enhance its supply chain management, KULR Technology has launched a blockchain initiative aimed at creating a secure and verifiable supply chain. This move is part of the company's broader strategy to leverage advanced technologies to improve operational efficiency and transparency.