10-K - KULR Technology Group, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

KULR reported $16.2M in revenue for FY2025 — a 50.6% increase year-over-year — but net loss widened to $61.9M as gross profit collapsed 85.9% and operating losses more than doubled, reflecting the financial impact of strategic expansion into early-stage, low-margin initiatives amid product-line transitions.

Key Takeaways

1Gross profit fell to $771.0K (down 85.9%), with gross margin at 4.8%, reflecting variability inherent in early-stage product development and customer-specific pricing dynamics.

2Operating income declined to -$43.0M (down 182.2%), consistent with management’s stated expectation that R&D expenses will increase as operations expand.

3Net cash used in operating activities was $44.9M, and free cash flow was -$47.9M, reflecting both operational outflows and $3.0M in capital expenditures.

4The inventory write-off, combined with low revenue from the related product line, resulted in significant margin reduction during the period.

Key Financial Metrics

EPS

$-1.56

-1633.3%

Revenue

$16.2M

50.6%

Net Income

-$61.9M

-253.2%

Gross Margin

4.8%

Gross Profit

$771.0K

-85.9%

free cash flow

-$47.9M

Operating Income

-$43.0M

-182.2%

operating margin

-265.9%