Overview
- KULR reported a quarterly loss of $0.17 per share, missing the $0.16 loss expected by analysts.
- Revenue reached $6.88 million, beating the $6.0 million consensus and rising 116% year over year.
- Product sales increased 112% from a year earlier to approximately $1.62 million.
- Gross margin fell to 9% from 71% a year ago due to increased hours on service contracts plus higher costs tied to digital-asset mining leases.
- CEO Michael Mo said unlevered Bitcoin holdings and stronger revenue provide a foundation to fund KULR ONE development and R&D, as shares ticked up 0.37% to $2.71 in extended trading.