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KULR Technology | 10-Q: Q1 2024 Earnings Report

KULR Technology | 10-Q: Q1 2024 Earnings Report

KULR Technology | 10-Q:2024財年一季報
美股SEC公告 ·  05/16 04:25

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KULR Technology Group, Inc. reported its financial results for the first quarter ended March 31, 2024. The company generated revenue of $1.75 million, a slight decrease from $1.76 million in the same period last year. Product sales declined by 62% to $615,093, while contract services increased by 769% to $1.13 million. The cost of revenue was $1.24 million, leading to a gross profit of $510,789, down 21% year-over-year. Operating expenses included $954,625 in research and development, a 47% decrease, and $4.21 million in selling, general, and administrative expenses, a 17% decrease. The net loss for the quarter was $5.01 million, an improvement from a net loss of $6.60 million in the prior year. The company's cash balance stood at $798,843, with a working capital deficit of $3.91 million. KULR's primary source of liquidity has been...Show More
KULR Technology Group, Inc. reported its financial results for the first quarter ended March 31, 2024. The company generated revenue of $1.75 million, a slight decrease from $1.76 million in the same period last year. Product sales declined by 62% to $615,093, while contract services increased by 769% to $1.13 million. The cost of revenue was $1.24 million, leading to a gross profit of $510,789, down 21% year-over-year. Operating expenses included $954,625 in research and development, a 47% decrease, and $4.21 million in selling, general, and administrative expenses, a 17% decrease. The net loss for the quarter was $5.01 million, an improvement from a net loss of $6.60 million in the prior year. The company's cash balance stood at $798,843, with a working capital deficit of $3.91 million. KULR's primary source of liquidity has been equity and debt offerings. The company has fully repaid its Prepaid Advance Liability and accrued interest. Subsequent to the quarter's end, KULR issued shares for aggregate proceeds of $4.32 million under its Standby Equity Purchase Agreement. The company's future plans include expanding its KULR ONE battery pack offerings, advancing its KULR VIBE vibration reduction technology, and developing KULR ONE AI for battery design optimization.
KULR科技集團,Inc.報告2024年3月31日結束的第一季度財務業績。公司營業收入175萬美元,稍有下降,去年同期爲176萬美元。產品銷售下降了62%,至615,093美元,而合同服務增長了769%,至113萬美元。營業成本爲124萬美元,毛利潤爲510,789美元,同比下降21%。營業費用包括研發費用954,625美元,下降47%,銷售費用、總務及管理費用爲421萬美元,下降17%。該季度淨虧損501萬美元,改善了上一年的淨虧損660萬美元。公司現金餘額爲798,843美元,運營資本赤字391萬美元。KULR的主要流動性來源是股權和債務發行。公司已完全償還預付款項及應計利息。季度結束後,KULR根據其備用股權購買協議發行股票,募集資金432萬美元。該公司未來計劃包括擴大KULR ONE電池組產品的供應,推進KULR VIBE振動減小技術,開發KULR ONE人工智能進行電池設計優化。
KULR科技集團,Inc.報告2024年3月31日結束的第一季度財務業績。公司營業收入175萬美元,稍有下降,去年同期爲176萬美元。產品銷售下降了62%,至615,093美元,而合同服務增長了769%,至113萬美元。營業成本爲124萬美元,毛利潤爲510,789美元,同比下降21%。營業費用包括研發費用954,625美元,下降47%,銷售費用、總務及管理費用爲421萬美元,下降17%。該季度淨虧損501萬美元,改善了上一年的淨虧損660萬美元。公司現金餘額爲798,843美元,運營資本赤字391萬美元。KULR的主要流動性來源是股權和債務發行。公司已完全償還預付款項及應計利息。季度結束後,KULR根據其備用股權購買協議發行股票,募集資金432萬美元。該公司未來計劃包括擴大KULR ONE電池組產品的供應,推進KULR VIBE振動減小技術,開發KULR ONE人工智能進行電池設計優化。

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