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KULR Technology Plunges 9.46% on Earnings Miss
Generated by AI AgentAinvest Pre-Market Radar
Friday, May 16, 2025 4:53 am ET1min read
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,
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.
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