KULR released Q3 earnings: revenue reached $6.88 million, up 116% year-on-year
2025-11-19 00:55:24
KULR Technologies Group (NYSE American: KULR) reported revenue of $6.88 million for the third quarter of 2025, up 116% year over year, and increased product sales by 112% to $1.62 million. During the same period, the company announced the launch of the KULR ONE Air battery line for drone systems in partnership with Amprius and Molicel, the establishment of a 3.30 trillion-watt bitcoin mining escrow partnership with Soluna Holdings, and the launch of six new CubeSat batteries and next-generation battery management systems. Despite significant revenue growth, the company's gross margin declined to 9% from 71% in the same period last year, and the third quarter net loss was $6.97 million, mainly due to one-time impairment charges and credit losses on accounts receivable.
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