HOUSTON, March 27, 2025 (GLOBE NEWSWIRE) — KULR Technology Group, Inc. (NYSE American: KULR) (the « Company » or « KULR »), a leader in advanced energy management platforms, today announced its financial results for the fourth quarter and full-year 2024.
Fourth Quarter 2024 Financial Highlights:
- Revenue increased by 44% to $3.37 million from the same quarterly period of the prior year.
- Operating loss decreased by 29% to $3.54 million from the same quarterly period of the prior year.
- The Company had $29.83 million in cash as of December 31, 2024, compared to $1.19 million as of December 31, 2023. In addition, the Company had $20.28 million of Bitcoin holdings as of December 31, 2024, compared to none as of December 31, 2023.
- Gross margin was 64% in the quarter ended December 31, 2024, compared to 29% in the same quarterly period of the prior year.
Pour en savoir plus : KULR Reports Record Fourth Quarter Revenue and Full-Year 2024 Financial Results