Live: KULR Shares Skyrocket 17% After Earnings

KULR’s conference call has ended. As we noted earlier, it was largely contentious, but that’s to be expected with shares down 78% year-to-date.

That figure will improve tomorrow, as shares are up 17% after hours. We’ve included some slides from the call below.

The Q&A with KULR is full of largely angry (frustrated?) questions. Someone asked a pretty good question why the company doesn’t host a call the next morning so investors can ask about the most recent quarter.

They’re taking some hard questions from shareholders. The most recent question is about the company dilluting shareholders and treating its shareholder base as an ‘ATM.’

We’re listening in to KULR’s call right now.

Shares are currently up 17%. The company announced a 1 to 8 reverse stock split to get its price comfortably above delisting issues.

In addition, revenue growth exceeded expectations.

We’ll post notes from their call shortly.

KULR | KULR Technology Group Q2’25 Earnings Highlights:

• EPS: $0.22 []
• Revenue: $3.97M (Est. $3.50M) []; [UP] +63% YoY
• Adj. Gross Margin: 18% []; [DOWN] -600 bps YoY
• Net Income: $8.14M []; [UP] +$14.03M YoY
• Operating Loss: $9.45M; [DOWN] +77% YoY
• SG&A Expenses: $6.94M; [UP] +51% YoY
• R&D Expenses: $2.44M; [UP] +86% YoY
• Cash and Accounts Receivable: $24.73M

Q2’25 Outlook:

• Revenue: $4.50M ±10% (Est. $4.00M) []
  • The outlook reflects continued growth in product sales and strategic investments in R&D.
  • Management expects to leverage its Bitcoin holdings to support operational expansion and product development.

Q2 Segment Performance:

• Product Sales Revenue: $1.98M (Est. $1.75M) []; [UP] +74% YoY

Other Key Q2 Metrics:

• BTC Holdings: 1,021 BTC; [UP] +$101M in acquisitions
• BTC Yield: 291.2%;

CEO Commentary:

• Michael Mo: “KULR is in its strongest financial position to accelerate its growth and continue its innovations. Alongside the increased revenue in Q2, our Bitcoin holdings provide a solid financial balance sheet that enables us to invest confidently in developing new KULR ONE battery products, expand our R&D efforts, and drive towards the next phase of our growth.”

CFO Commentary:

• Shawn Canter: “We are proud to deliver another revenue record quarter – the highest in KULR’s history. Revenue rose 63% year-over-year. We continue to invest for KULR’s long-term growth and scalability. In parallel, we are executing on our Bitcoin treasury strategy. We hold over 1,035 BTC and a yield approaching 300%. We remain confident in our ability to build shareholder value through our energy management, exoskeleton and BTC strategies.”

KULR has reported and shares are up 15%. We’ll post more analysis shortly.

KULR Technology reports after the bell today and shares have sold off slightly. As of 3:35 p.m. ET they’re down 2.7%.

The company has sold off throughout 2025 even while Bitcoin performed well. We’ll see if there’s enough business momentum announced today to turn the story around.