Kulr Technology Q1 Net Loss Widens On Mark: to-market bitcoin loss

KULR Technology

14/05/2026 21:30

Overview

US energy-systems platform's Q1 revenue rose 98% yr/yr

Gross margin improved to 29% from 8% a year ago

Net loss widened due to non-cash bitcoin mark-to-market loss

Outlook

Company did not provide specific guidance or outlook for the current quarter or full year

Result Drivers

REVENUE GROWTH - Co said revenue increased 98% yr/yr, reflecting growing customer traction across core battery and energy systems platforms

COST CONTROL - Co reduced SG&A and R&D expenses, contributing to a 22% decrease in operating loss

BITCOIN LOSS IMPACT - Net loss widened due to a $20.8 mln non-cash mark-to-market loss on bitcoin holdings

Company press release: ID:nGNX5fC5Py

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Gross Margin
29.00%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for KULR Technology Group Inc is $8.00, about 97.5% above its May 13 closing price of $4.05

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)