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KULR Technology | 10-Q: Q2 2024 Earnings Report

KULR Technology | 10-Q: Q2 2024 Earnings Report

KULR Technology | 10-Q:2024財年二季報
美股SEC公告 ·  08/13 04:17

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KULR Technology Group, Inc. reported its financial results for the quarter ended June 30, 2024. The company saw a decrease in revenue, reporting $2.43 million compared to $2.70 million in the same period last year, a 10% decline. Product sales dropped by 42%, while contract services increased by 76%. The gross profit margin decreased to 24% from 37% year-on-year, primarily due to specific project costs with no corresponding revenue and increased depreciation expenses. Operating expenses saw a reduction, with R&D expenses decreasing by 32% and selling, general, and administrative expenses by 11%. The net loss widened to $5.89 million from $6.33 million in the previous year. The company's cash position decreased slightly to $1.02 million from $1.19 million at the end of 2023. KULR's liquidity was supported by equity offerings, including an At the Market Offering agreement for up to $20 million and merchant cash advance agreements. The company's focus remains on expanding its KULR ONE battery solutions and KULR VIBE vibration reduction technology, aiming to capitalize on the growing demand for energy storage and management solutions.
KULR Technology Group, Inc. reported its financial results for the quarter ended June 30, 2024. The company saw a decrease in revenue, reporting $2.43 million compared to $2.70 million in the same period last year, a 10% decline. Product sales dropped by 42%, while contract services increased by 76%. The gross profit margin decreased to 24% from 37% year-on-year, primarily due to specific project costs with no corresponding revenue and increased depreciation expenses. Operating expenses saw a reduction, with R&D expenses decreasing by 32% and selling, general, and administrative expenses by 11%. The net loss widened to $5.89 million from $6.33 million in the previous year. The company's cash position decreased slightly to $1.02 million from $1.19 million at the end of 2023. KULR's liquidity was supported by equity offerings, including an At the Market Offering agreement for up to $20 million and merchant cash advance agreements. The company's focus remains on expanding its KULR ONE battery solutions and KULR VIBE vibration reduction technology, aiming to capitalize on the growing demand for energy storage and management solutions.
KULR科技集團公佈了截至2024年6月30日的財務業績報告。公司營業收入下降,報告爲243萬美元,相比去年同期的270萬美元下降了10%。產品銷售下降了42%,而合同服務增加了76%。毛利率從去年的37%下降到24%,主要是由於具體項目成本無相應收入以及折舊費用增加。營業費用減少,研發費用下降了32%,銷售、總務和管理費用下降了11%。淨虧損從去年的633萬美元擴大到了589萬美元。截至2023年底,該公司的現金淨額略微下降至102萬美元。 KULR的流動性由股權發行支持,包括最高2000萬美元的市場發行協議和商家現金預付協議。該公司的重點仍然是擴大其KULR ONE電池解決方案和KULR VIBE振動減震技術,並旨在利用不斷增長的能源儲存和管理解決方案的需求。
KULR科技集團公佈了截至2024年6月30日的財務業績報告。公司營業收入下降,報告爲243萬美元,相比去年同期的270萬美元下降了10%。產品銷售下降了42%,而合同服務增加了76%。毛利率從去年的37%下降到24%,主要是由於具體項目成本無相應收入以及折舊費用增加。營業費用減少,研發費用下降了32%,銷售、總務和管理費用下降了11%。淨虧損從去年的633萬美元擴大到了589萬美元。截至2023年底,該公司的現金淨額略微下降至102萬美元。 KULR的流動性由股權發行支持,包括最高2000萬美元的市場發行協議和商家現金預付協議。該公司的重點仍然是擴大其KULR ONE電池解決方案和KULR VIBE振動減震技術,並旨在利用不斷增長的能源儲存和管理解決方案的需求。

譯文內容由第三人軟體翻譯。


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