Wednesday, May 15, 2019 1:42:12 PM
https://www.sec.gov/Archives/edgar/data/1662684/000114420419026023/tv520650_10q.htm
For 3 months ended March 31, 2019 KUTG generated $194,952 in revenue for a gross profit of $133,435 (Gross margin: 68%). Total Operating Expenses of $698,683 or loss from operations of $565,248.
Some Key Takeaways from 10-Q:
1) By leveraging our proprietary cooling solutions and that have been developed through longstanding partnerships with NASA, the Jet Propulsion Lab and others, our products and services make E-Mobility products and other products safer and more stable. Our management believes that the E-Mobility industry has created and will create significant new opportunities for the application of our technology and know-how.
2) After strenuous testing, we believe we have developed heat management solutions that significantly improve upon traditional heat storage and dissipation solutions and that improve upon their rigidity and durability. We also believe that the traditional solutions are not equipped to handle the evolving marketplace. However, through a combination of custom design services and provision of proprietary hardware solutions, our products reduce manufacturing complexity and provide a lighter weight solution than traditional thermal management materials and, we believe, can meet the heat management demands of components and batteries being designed into the newest mobile technologies and applications.
3) Our customers and prospective customers are large organizations with multiple levels of management, controls/procedures, and contract evaluation/authorization. Furthermore, our solutions are new and do not necessarily fit into pre-existing patterns of purchase commitment. Accordingly, the business activity cycle between expression of initial customer interest to shipping, acceptance and billing can be lengthy, unpredictable and lumpy, which can influence the timing, consistency and reporting of sales growth.
Recent KULR News
- KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors • GlobeNewswire Inc. • 04/15/2024 12:15:00 PM
- KULR Technology Group Reports Record Annual Revenue for 2023 • GlobeNewswire Inc. • 04/12/2024 08:15:00 PM
- KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations • GlobeNewswire Inc. • 04/10/2024 12:30:00 PM
- KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing • GlobeNewswire Inc. • 04/08/2024 12:30:00 PM
- KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology • GlobeNewswire Inc. • 04/02/2024 12:30:00 PM
- KULR Technology Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Friday, April 12, 2024 at 4:30 p.m. ET • GlobeNewswire Inc. • 04/01/2024 12:30:00 PM
- KULR Retires All Outstanding Yorkville Debt • GlobeNewswire Inc. • 03/27/2024 02:45:00 PM
- KULR Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile Electronics • GlobeNewswire Inc. • 03/26/2024 12:30:00 PM
- KULR Approaches Final Milestone in Upsized U.S. Army Contract for Advanced Battery Prototypes • GlobeNewswire Inc. • 03/21/2024 12:30:00 PM
- KULR Lands Initial Battery Testing Order for its SafeCASE Product with Leading US Automaker • GlobeNewswire Inc. • 03/19/2024 12:30:00 PM
- KULR Technology Group Announces a Strategic Contract with Nanoracks for Advanced Space Battery Development • GlobeNewswire Inc. • 03/14/2024 12:30:00 PM
- KULR Secures New Special Permits from the United States Department of Transportation Related to its Patented SafeX Product Suite, Including SafeCASE™ and SafeSLEEVE™ • GlobeNewswire Inc. • 03/12/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/08/2024 01:30:17 PM
- KULR Technology Receives Acceptance of Compliance Plan by NYSE American • GlobeNewswire Inc. • 03/08/2024 01:30:00 PM
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 02/23/2024 10:15:20 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 01:30:16 PM
- KULR Technology to Deliver Mission-Critical Power Solutions for Leading Global Space Innovator's Upcoming Missions • GlobeNewswire Inc. • 02/21/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 01:30:27 PM
- KULR Extends Outstanding Note Through End of 2024; Files 14C Disclosing Corporate Actions • GlobeNewswire Inc. • 02/20/2024 01:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 10:15:34 PM
- KULR Receives Non-Compliance Notice from NYSE American • GlobeNewswire Inc. • 02/16/2024 10:15:00 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 02/13/2024 10:10:49 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 10:21:59 PM
- Form SC 13D/A - General statement of acquisition of beneficial ownership: [Amend] • Edgar (US Regulatory) • 01/26/2024 10:21:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/26/2024 10:20:13 PM
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