KULR (KULR) Achieves Record Q4 2024 Revenue with 44% Increase

Mar 28, 2025

KULR Technology Group (KULR, Financial) reported a record-breaking fourth quarter in 2024, with revenue reaching $3.37 million, marking a 44% year-over-year growth. The company's gross margin rose to 64%, and both product and service customer bases showed significant growth. With over $80 million in cash and Bitcoin holdings and no debt as of March 2025, CEO Michael Mo highlighted the company's financial robustness.

Looking ahead, KULR anticipates doubling its revenue in 2025, bolstered by its expansion into markets like robotics and physical AI. The company is enhancing its Texas facilities and has achieved AS9100 certification, strengthening its aerospace and defense capabilities. CFO Shawn Canter noted the full-year 2024 revenue of $10.7 million, emphasizing improved customer metrics and a solid balance sheet.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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