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KULR Technology (KULR)

KULR Technology Group Inc. develops, manufactures and licenses next-generation carbon fiber thermal management technologies for batteries and electronic systems. Leveraging the company's roots in developing breakthrough cooling solutions for NASA space missions and backed by a strong intellectual property portfolio, KULR enables leading aerospace, electronics, energy storage, 5G infrastructure, and electric vehicle manufacturers to make their products cooler, lighter and safer for the consumer.

Company profile

Ticker
KULR
Exchange
CEO
Michael Mo
Employees
Incorporated
Location
Fiscal year end
Former names
Grant Hill Acquisition Corp, KT High-Tech Marketing Inc.
SEC CIK

KULR stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

15 Aug 22
28 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 12.99M 12.99M 12.99M 12.99M 12.99M 12.99M
Cash burn (monthly) (no burn) (no burn) 1.72M 1.37M 1.48M 977.9K
Cash used (since last report) n/a n/a 5.09M 4.06M 4.37M 2.89M
Cash remaining n/a n/a 7.9M 8.93M 8.62M 10.1M
Runway (months of cash) n/a n/a 4.6 6.5 5.8 10.3

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Sep 22 Joanna D. Massey Common Stock Grant Acquire A No No 1.537 10,000 15.37K 30,000
2 Sep 22 Timothy Ray Knowles Common Stock Sell Dispose S Yes No 1.4 18,398 25.76K 770,360
1 Sep 22 Timothy Ray Knowles Common Stock Sell Dispose S Yes No 1.41 39,384 55.53K 788,758
31 Aug 22 Timothy Ray Knowles Common Stock Sell Dispose S Yes No 1.44 42,218 60.79K 828,142
31 Mar 22 Terry Keith Cochran Common Stock Sell Dispose S No No 2.24 90,200 202.05K 275,096
7 Mar 22 Terry Keith Cochran Common Stock Payment of exercise Dispose F No No 2.23 194,704 434.19K 365,296
7 Mar 22 Terry Keith Cochran Common Stock Payment of exercise Acquire F No No 2.23 500,000 1.12M 560,000
30 Dec 21 Mo Michael Common Stock Sell Dispose S No No 2.89 159,500 460.96K 20,651,539
29 Dec 21 Mo Michael Common Stock Sell Dispose S No No 2.83 221,386 626.52K 20,811,039
28 Dec 21 Mo Michael Common Stock Sell Dispose S No No 2.99 202,500 605.48K 21,032,425
5.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 35 37 -5.4%
Opened positions 6 5 +20.0%
Closed positions 8 13 -38.5%
Increased positions 5 13 -61.5%
Reduced positions 8 5 +60.0%
13F shares Current Prev Q Change
Total value 8.56M 11.82M -27.6%
Total shares 5.52M 5.15M +7.3%
Total puts 48K 89.1K -46.1%
Total calls 130.5K 127.2K +2.6%
Total put/call ratio 0.4 0.7 -47.5%
Largest owners Shares Value Change
Vanguard 2.79M $4.33M -1.5%
BLK Blackrock 880.11K $1.36M +21.3%
Geode Capital Management 547.45K $848K +8.7%
Ergoteles 266.71K $413K +473.6%
Bridgeway Capital Management 255K $395K NEW
STT State Street 175.81K $273K 0.0%
MS Morgan Stanley 138K $214K -2.0%
NTRS Northern Trust 103.46K $160K 0.0%
Susquehanna International 38.04K $59K -59.2%
TROW T. Rowe Price 35.1K $54K 0.0%
Largest transactions Shares Bought/sold Change
Bridgeway Capital Management 255K +255K NEW
Ergoteles 266.71K +220.21K +473.6%
BLK Blackrock 880.11K +154.41K +21.3%
C Citigroup 0 -85.13K EXIT
Citadel Advisors 29.05K -71.85K -71.2%
Susquehanna International 38.04K -55.25K -59.2%
Geode Capital Management 547.45K +43.95K +8.7%
Vanguard 2.79M -43.74K -1.5%
Cetera Advisor Networks 0 -31K EXIT
LPLA LPL Financial 29.59K +29.59K NEW

Financial report summary

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Competition
Lydall
Management Discussion
  • For the three months ended June 30, 2022 and 2021, we generated $587,546 and $628,244 of revenues from 12 and 6 customers, respectively, representing a decrease of $40,698, or 6%. For the six months ended June 30, 2022 and 2021, we generated $788,045 and $1,046,149 of revenues, respectively, representing a decrease of $258,104, or 25%, resulting from three contracts received during the first quarter of 2021.
  • Revenue from product sales during the three months ended June 30, 2022 decreased by $19,696 or 3% compared to the three months ended June 30, 2021. Revenue from product sales during the six months ended June 30, 2022 decreased by $25,346 or 3% compared to the six months ended June 30, 2021. Product sales during these periods include sales of our component product, carbon fiber velvet (“CFV”) thermal management solution, internal short circuit (“ISC”) battery cells and devices, patented TRS technology, and thermal fiber thermal interface (“FTI”) materials.
  • Revenue from contract services during the three months ended June 30, 2022 decreased by approximately $21,002 or 41% compared to the three months ended June 30, 2021. Revenue from contract services during the six months ended June 30, 2022 decreased by approximately $232,758 or 80% compared to the six months ended June 30, 2021. The decrease in revenue for the six months ended June 30, 2022 is primarily attributable to three large DOD contracts received during the first quarter of 2021 generated $233,656 of revenues during the six months ended June 30, 2021. Our service revenues, which include certain research and development contracts and onsite engineering services, have not been hampered by restrictions arising from working under COVID-19 shelter-in-place regulations.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: convertible, dining, iii