News That Matters

Tag: lithium-ion battery

KULR Technology Group Reports Record Third Quarter 2022
Technology

KULR Technology Group Reports Record Third Quarter 2022

SAN DIEGO, Nov. 09, 2022 (GLOBE NEWSWIRE) --  KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a leading energy management platform company accelerating the global transition to a sustainable electrification economy, today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Financial Results Revenues: In the third quarter ended September 30, 2022, revenue increased to $1.4 million from $0.6 million reported in the same period last year. The increase in revenue was primarily due to an increase in contract services and product sales revenues in the quarter. Cash: As of September 30, 2022, the Company had $16.2 million of cash compared to $14.9 million as of December 31, 2021. Gross Margins: Gross margin was 33% in the...