As the world of electronics demands increasing processing power and further miniaturization and transportation into electrification, KULR’s disruptive, game:changing thermal management technology strives to solve the challenge of keeping electronics cooler, lighter, and safer in an ethical and environmentally sustainable manner. We aim to revolutionize this $7.5 billion a year industry.

KULR

Michael Mo

Chief Executive Officer

Keith Cochran

President & COO

Dr. Timothy Knowles

Chief Technology Officer

Simon Westbrook

Chief Financial Officer

Michael G. Carpenter

Vice President of Engineering

Greg Provenzano

Vice President of Sales and Marketing

Antonio Martinez

Vice President of Operations

Chairman & Chief Executive Officer

Timothy R. Knowles

Secretary, Director & Chief Technical Officer

Joanna D. Massey

Independent Director

Morio Kurosaki

About KULR

KULR Tech Gr Stock (AMEX:KULR), Trade Ideas

KULR Tech Gr

KULR Technology Group Inc develops and commercializes high-performance thermal management technologies for electronics, batteries, and other components. The company is focused on targeting the following applications: electric vehicles and autonomous driving systems; artificial intelligence and Cloud computing; energy storage; and 5G communication technologies.

KULR Tech Group

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ABEO

AZTR

CALX

CDTX

CHCI

CSLR

CTCX

FCEL

GWAV

HIBB

HRTX

HSTM

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JBLU

LICN

MESO

MLEC

MSCI

OPRT

PALI

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PHIO

RNAC

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SMXT

SPCB

SPCE

SPOT

TIRX

TRSG

TTOO

YYGH

Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday&#39;s Mid-Day Session

Market-Moving Exclusives

Exclusives

KULR Technology and H55 Inc. partner to develop sustainable electric propulsion systems for major firms like Pratt &amp; Whitney and CAE, meeting safety standards and advancing certification journey.

EXCLUSIVE: KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

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KULR Technology Group received a six-figure contract from Lockheed Martin for developing heat sinks in precision missiles. 

Why Energy Management Company KULR Technology Shares Are Surging Today

KULR Technology Group Inc

<h3>Gainers</h3>
<ul>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares moved upwards by 49.1% to $0.84 during Wednesday's regular session. The company's market cap stands at $22.8 million. </li>
<li>Babcock &amp; Wilcox (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BW#NYSE">BW</a>) stock increased by 23.9% to $1.14. The company's market cap stands at $101.6 million. </li>
<li>Solidion Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STI#NASDAQ">STI</a>) stock moved upwards by 22.32% to $1.86. The company's market cap stands at $161.5 million. </li>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) shares increased by 19.66% to $6.83. The company's market cap stands at $55.3 million. </li>
<li>C3is (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CISS#NASDAQ">CISS</a>) stock moved upwards by 13.54% to $1.43. The company's market cap stands at $2.7 million. </li>
<li>Perma-Pipe Inlt Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPIH#NASDAQ">PPIH</a>) stock increased by 12.28% to $7.86. The company's market cap stands at $62.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Jayud Global Logistics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) stock decreased by 14.9% to $0.89 during Wednesday's regular session. The market value of their outstanding shares is at $18.8 million. </li>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares decreased by 11.74% to $0.06. The company's market cap stands at $2.7 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares fell 11.7% to $8.08. The company's market cap stands at $365.5 million. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) stock declined by 11.12% to $2.96. The market value of their outstanding shares is at $2.1 million. </li>
<li>Northann (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NCL#AMEX">NCL</a>) shares fell 10.77% to $0.5. The market value of their outstanding shares is at $10.6 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares fell 10.76% to $0.46. The company's market cap stands at $79.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Industrials Stocks Moving In Wednesday's Intraday Session

Shares of Nucor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) fell sharply during Tuesday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/news/earnings/24/04/38365860/nucor-shares-fall-after-worse-than-expected-q1-results">quarterly financial results</a>.
Nucor reported quarterly earnings of $3.46 per share which missed the analyst consensus estimate of $3.65. Quarterly sales came in at $8.14 billion, missing the analyst consensus estimate of $8.26 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Nucor shares tumbled 6.5% to $179.20 on Tuesday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Cyngn Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYN#NASDAQ">CYN</a>) shares jumped 100% to $0.2419 after the company announced that it has been chosen to supply its DriveMod Tuggers for industrial automation to John Deere&#8217;s operation in Dubuque, Iowa.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares climbed 50.4% to $0.0689 after falling 10% on Monday.</li>
<li>Oportun Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OPRT#NASDAQ">OPRT</a>) gained 46% to $3.29 after the company announced preliminary first-quarter total revenue above estimates.</li>
<li>Palisade Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALI#NASDAQ">PALI</a>) shares climbed 44.3% to $7.12 after the company entered a collaboration with Strand Life Sciences.</li>
<li>KULR Technology Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NASDAQ">KULR</a>) gained 27% to $0.5683 after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) climbed 20% to $5.22.</li>
<li>HWH International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) rose 19.5% to $1.5307 after declining 3% on Monday.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) gained 18.7% to $9.49.</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) rose 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) gained 17.4% to $1.3499.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) rose 15.5% to $9.24.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) gained 15.5% to $0.9295.</li>
<li>Carmell Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CTCX#NASDAQ">CTCX</a>) climbed 15.2% to $2.20.</li>
<li>Azitra, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AZTR#NYSE">AZTR</a>) shares gained 15% to $0.2244 after the company announced new preclinical data will be presented at the American Society of Gene and Cell Therapy meeting.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) jumped 14.4% to $0.8603.</li>
<li>9F Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) rose 14.3% to $3.29.</li>
<li>Canaan Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAN#NASDAQ">CAN</a>) gained 14% to $1.05. The company executives announced intentions to purchase at least $2 million of the company's common stock.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) jumped 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) gained 12.3% to $305.73 following first-quarter financial results.</li>
<li>Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) climbed 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) gained 9.4% to $6.05.</li>
<li>Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) rose 9% to $118.82 following better-than-expected quarterly earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) jumped 8.8% to $10.15.</li>
<li>HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) surged 7.4% to $25.91 following upbeat quarterly results.</li>
<li>Cidara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTX#NASDAQ">CDTX</a>) shares rose 7% to $0.55 following upbeat quarterly results.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) gained 6.2% to $62.20.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Abeona Therapeutics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABEO#NASDAQ">ABEO</a>) fell 48.4% to $3.7950 after the company announced the FDA issued a Complete Response Letter in response to the company&#8217;s Biologics License Application for pz-cel for the treatment of patients with recessive dystrophic epidermolysis bullosa.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) shares fell 44.6% to $0.0699. Greenwave Technology Solutions disclosed that it further strengthened its balance sheet by approximately $12 million.</li>
<li>Lichen China Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) fell 44.4% to $0.5450.</li>
<li>Tungray Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) shares declined 34.2% to $4.87 after gaining 24% on Monday.</li>
<li>Tian Ruixiang Holdings Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIRX#NASDAQ">TIRX</a>) fell 26.3% to $0.5091.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) fell 24.3% to $1.87. On April 22, Moolec Science said it received approval for its plant-grown animal proteins.</li>
<li>YY Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYGH#NASDAQ">YYGH</a>) fell 22.4% to $2.25 after tumbling over 27% on Monday. The company, last week, priced its IPO at $4 per share.</li>
<li>Top Wealth Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TWG#NASDAQ">TWG</a>) dipped 19.7% to $2.0899.</li>
<li>Comstock Holding Companies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHCI#NASDAQ">CHCI</a>) declined 18.8% to $6.44.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) dipped 18% to $0.2369. SuperCom recently reported better-than-expected quarterly results.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) declined 16.2% to $6.29 after the company reported first-quarter financial results and issued worse-than-expected Q2 and FY24 Revenue outlook.</li>
<li>MSCI Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) declined 13% to $448.01 following first-quarter financial results.</li>
<li>LKQ Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LKQ#NASDAQ">LKQ</a>) fell 12.6% to $42.78 after the company reported a first-quarter earnings miss and cut its FY24 outlook.</li>
<li>Simpson Manufacturing Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSD#NYSE">SSD</a>) dipped 11.7% to $163.40 following weak quarterly earnings.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) shares fell 11.2% to $0.1598 after the company filed for a mixed shelf offering of up to $75 million.</li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) tumbled 11.1% to $14.60 after the company reported worse-than-expected first-quarter results and reiterated FY24 guidance.</li>
<li>T2 Biosystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTOO#NASDAQ">TTOO</a>) declined 10.4% to $2.83 after gaining around 7% on Monday.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) shares fell 10.1% to $7.13 after the company issued its production and sales performance metrics for the nine months ended 31 March, 2024.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) fell 9.3% to $0.3530 after dipping around 14% on Monday.</li>
<li>Cleveland-Cliffs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>) dipped 7.8% to $19.22 after the company&#8217;s reported worse-than-expected first-quarter financial results.</li>
<li>Phio Pharmaceuticals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PHIO#NASDAQ">PHIO</a>) fell 7.1% to $0.77. Phio Pharmaceuticals shares jumped around 33% on Monday after the company announced that its intratumoral injection of murine PH-762 inhibited tumor growth in murine tumor models and may generate memory-specific T cells.</li>
<li>Calix, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CALX#NYSE">CALX</a>) shares fell 4.1% to $28.34 after the company reported mixed first-quarter financial results and issued second-quarter guidance below estimates.</li>
</ul>
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Why Nucor Shares Are Trading Lower? Here Are Other Stocks Moving In Tuesday's Mid-Day Session

<h3>Gainers</h3>
<ul>
<li>Shimmick (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHIM#NASDAQ">SHIM</a>) stock rose 31.1% to $2.95 during Tuesday's regular session. The company's market cap stands at $75.4 million. </li>
<li>Pineapple Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) stock moved upwards by 25.87% to $0.06. The company's market cap stands at $3.6 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares moved upwards by 21.06% to $9.69. The company's market cap stands at $438.2 million. </li>
<li>SES AI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) shares rose 18.69% to $1.36. The company's market cap stands at $484.5 million. </li>
<li>Virgin Galactic Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) shares moved upwards by 18.36% to $0.89. The company's market cap stands at $356.0 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) shares moved upwards by 17.69% to $0.53. The market value of their outstanding shares is at $90.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Greenwave Tech Solns (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) stock fell 44.0% to $0.07 during Tuesday's regular session. The market value of their outstanding shares is at $3.1 million. </li>
<li>Lichen China (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LICN#NASDAQ">LICN</a>) shares decreased by 40.39% to $0.58. The company's market cap stands at $15.8 million. </li>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CACO#NASDAQ">CACO</a>) shares fell 28.36% to $0.71. The company's market cap stands at $37.4 million. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares decreased by 15.72% to $6.33. The market value of their outstanding shares is at $2.1 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Zoomcar Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZCAR#NASDAQ">ZCAR</a>) shares fell 12.47% to $0.36. The company's market cap stands at $23.4 million. </li>
<li>CDT Environmental (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDTG#NASDAQ">CDTG</a>) shares decreased by 11.64% to $3.57. The market value of their outstanding shares is at $38.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CACO

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12 Industrials Stocks Moving In Tuesday's Intraday Session

WIIM

KULR Technology Group shares are trading higher after the company announced it delivered on an immediate basis, a power cell battery deployment order for AI-enabled drone and advanced air mobility missions in Ukraine.

General

KULR Delivers Immediate Power Cell Battery Deployment Order For AI-Enabled Drone Missions In Ukraine

<h3>Gainers</h3>
<ul>
<li>Ryde Group (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#AMEX">RYDE</a>) stock rose 25.1% to $2.54 during Tuesday's regular session. The company's market cap stands at $48.5 million. </li>
<li>JanOne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAN#NASDAQ">JAN</a>) shares moved upwards by 23.37% to $3.8. The company's market cap stands at $32.6 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares increased by 19.38% to $2.34. The market value of their outstanding shares is at $19.3 million. As per the press release, Q4 earnings came out yesterday. </li>
<li>AERWINS Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWIN#NASDAQ">AWIN</a>) shares moved upwards by 14.97% to $3.8. The company's market cap stands at $2.7 million. </li>
<li>Pixie Dust Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PXDT#NASDAQ">PXDT</a>) stock increased by 13.92% to $2.7. The market value of their outstanding shares is at $40.1 million. </li>
<li>Guardforce AI Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFAI#NASDAQ">GFAI</a>) shares increased by 12.26% to $3.02. The market value of their outstanding shares is at $29.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Skillsoft (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) stock fell 36.9% to $5.81 during Tuesday's regular session. The market value of their outstanding shares is at $47.7 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Complete Solaria (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) stock declined by 16.93% to $0.22. The market value of their outstanding shares is at $10.6 million. </li>
<li>Surf Air Mobility (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRFM#NYSE">SRFM</a>) shares decreased by 14.17% to $0.44. The company's market cap stands at $35.7 million. </li>
<li>Recruiter.Com Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCRT#NASDAQ">RCRT</a>) shares decreased by 12.43% to $1.48. The company's market cap stands at $2.4 million. </li>
<li>SolarMax Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) stock decreased by 10.87% to $13.29. The company's market cap stands at $598.5 million. </li>
<li>KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) stock fell 9.82% to $0.53. The market value of their outstanding shares is at $90.5 million. As per the news, the Q4 earnings report came out 2 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Benchmark analyst Michael Legg reiterates KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) with a Speculative Buy and maintains $1 price target.

Price Target

Reiteration

Analyst Ratings

Benchmark Reiterates Speculative Buy on KULR Tech Gr, Maintains $1 Price Target

KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) reported quarterly losses of $(0.04) per share which met the analyst consensus estimate. This is unchanged from the same period last year. The company reported quarterly sales of $2.33 million which missed the analyst consensus estimate of $3.81 million by 38.74 percent. This is a 28.74 percent increase over sales of $1.81 million the same period last year.

Earnings

Earnings Misses

KULR Tech Gr Q4 EPS $(0.04), Inline, Sales $2.33M Miss $3.81M Estimate

Full-Year 2023 Revenue Up 146% Year-Over-Year &nbsp;
SAN DIEGO, April 12, 2024 (GLOBE NEWSWIRE) -- <a href="https://www.globenewswire.com/Tracker?data=pqACKoZR9oViuuSWssvIMXQy4YeiNqoLGjFwRW5yM_NuhHVFd8j-KG9FdbdbOs2RuC45Nd0QNJ8vCxaorVpSGq_X3DDA6zD1OoYnOkyy-2Q=">KULR Technology Group, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) (the "Company" or "KULR"), a global leader in sustainable energy management, today announced its financial results for full-year 2023.
Full-Year 2023 Financial Results:
Revenues: Revenue increased 146% to $9,830,166 in 2023 from $3,994,634 in 2022. The increase in revenue was mainly due to early success in the energy storage and battery transportation and recycling sectors. The Company continues to build its relationships with a wide range of energy, transport and aerospace partners and has billed 53 customers during the year ended December 31, 2023, a 47% increase from 36 billed customers during the year ended December 31, 2022. These additions reflect management's commitment to build new customer relationships through a growing pool of referrals and business development leads.
Selling, General and Administrative (SG&amp;A) Expenses: SG&amp;A expenses increased to $19,882,402 in 2023 from $16,453,776 in 2022. The 21% increase was primarily due to increases in labor costs, and depreciation and amortization expenses due to expansion of our facility and equipment placed in service during 2023.
R&amp;D expenses: R&amp;D expenses in 2023 increased to $6,195,400 from $4,196,313 in 2022, reflecting an increase in employee headcount in order to build future capacity, and R&amp;D initiatives designed to build future revenue growth.
As of December 31, 2023, the Company had 57 full time employees and 3 contractors compared to 62 full time employees and 16 contractors on December 31, 2022.
Net Loss: Net loss for 2023 increased to $23,693,556 or a loss of $0.20 per share, compared to $19,436,479 or a loss of $0.18 per share in 2022.
Cash Position: The Company reported cash balances of $1,194,764 as of December 31, 2023, compared to $10,333,563 as of December 31, 2022.
Recent Corporate Highlights:
<ul>
<li>Revenue has grown at a compound annual growth rate of 102% from 2021 through 2023. &nbsp;</li>
<li>Secured a commitment exceeding $1 million with H55 Inc., a pioneer and global leader in electric propulsion. H55 will employ KULR's unique Thermal Runaway Shield within its propulsion systems that equip fleets of industry behemoths such as Pratt &amp; Whitney and CAE Inc. Embedding KULR's TRS into H55's Electrical Propulsion System ("EPS") is critical for aligning with the European Union Aviation Safety Agency ("EASA") safety protocols. &nbsp;</li>
<li>Secured a pivotal contract exceeding $865,000 from Nanoracks (now part of Voyager Space's Exploration Segment). Based in Webster, Texas, Voyager's Exploration team is a prominent provider of commercial space services, specializing in satellite deployment, space station research, and the development of space habitats. The contract underscores KULR's role in spearheading the accelerated development, testing and early production of a specialized space battery, aimed at enhancing Voyager's CubeSat applications. &nbsp;</li>
<li>Received a six-figure contract from Lockheed Martin for developing phase change material heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR's solutions in cooling critical onboard systems. &nbsp;</li>
<li>Received an initial purchase order from one of the world's largest privately held space exploration companies for enhanced battery safety testing solutions, using the Company's KULR ONE Design Solutions ("K1-DS") platform. The proprietary K1-DS platform incorporates the most comprehensive design and testing methodology for battery safety. Though specific terms of the contract remain confidential, the customer has publicly forecasted a substantial ramp-up in its planned space missions as it continues to scale its satellite deployment throughout 2024. &nbsp;</li>
<li>Confirmed collaboration with a leading U.S. automaker focusing on mitigating thermal runaway risks in EV battery modules through KULR's advanced SafeCASE&#x2122; technology. This project underscores KULR's commitment to safety and innovation in the rapidly growing electric vehicle market. &nbsp;</li>
<li>Engaged by one of the few global leaders in space travel to design, develop, and deliver battery systems tailored for the rigorous demands of space travel. These batteries will power the dramatically growing commercial space business for KULR's partner for its immediate needs and into the future. The commercial, economic, and mission-critical requirement for on-time delivery of consistently safe, reliable, and efficient battery power solutions coupled with the complex demands of space travel led this customer to KULR. While the program is already underway, upon achieving anticipated milestones, both KULR and its partner anticipate follow-on orders supporting a significant increase in the frequency and scale of planned space missions. &nbsp;</li>
<li>Secured new special permits from the United States Department of Transportation related to its patented SafeX product suite, including SafeCASE&#x2122; and SafeSLEEVE&#x2122;. The recently granted Special Permit 21693 and Special Permit 21704 cover transportation of damaged, defective, or recalled ("DDR") batteries as well as end-of-life batteries to include the critical area of battery disposal and recycling, paving the way for safer and more sustainable battery recovery and reuse practices. The new special permits are expected to generate additional opportunities for KULR with both existing and new customers in various industries.</li>
</ul>

KULR Technology Group Reports Revenue Of  $9,830,166 In 2023 From $3,994,634 In 2022, Up 146% YoY

<h3>Companies Reporting Before The Bell</h3>
&bull; Progressive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGR#NYSE">PGR</a>) is projected to report quarterly earnings at $3.17 per share on revenue of $17.43 billion.
&bull; Citigroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) is likely to report quarterly earnings at $1.11 per share on revenue of $18.78 billion.
&bull; State Street (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STT#NYSE">STT</a>) is expected to report quarterly earnings at $1.50 per share on revenue of $3.06 billion.
&bull; JPMorgan Chase (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>) is estimated to report quarterly earnings at $3.82 per share on revenue of $38.53 billion.
&bull; Wells Fargo (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) is likely to report quarterly earnings at $1.00 per share on revenue of $18.60 billion.
&bull; BlackRock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>) is estimated to report quarterly earnings at $9.32 per share on revenue of $4.68 billion.
&bull; Bank7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BSVN#NASDAQ">BSVN</a>) is estimated to report quarterly earnings at $1.05 per share on revenue of $25.05 million.
&bull; OncoCyte (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OCX#NASDAQ">OCX</a>) is projected to report quarterly loss at $1.14 per share on revenue of $320 thousand.
<h3>Companies Reporting After The Bell</h3>
&bull; KULR Tech Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/KULR#AMEX">KULR</a>) is projected to report quarterly loss at $0.04 per share on revenue of $3.81 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BSVN

Earnings Scheduled For April 12, 2024

<a href="https://www.globenewswire.com/Tracker?data=4mgkoq4SAFLwMsSeOETcxBMywL6dWwBNP57Wt_Ygi5YoQ0mWD-paYwsTCDoCo3ekNZToW6uP-rMeoaQR92_mwKheM2wMaSMBOGVFSZqR3ns=">KULR Technology Group, Inc.</a> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) (the "Company" or "KULR"), an innovator in energy management systems, proudly announces the successful delivery of its custom-designed KULR ONE battery packs to the United States Army, a crucial step in bolstering the longevity and efficiency of Uninterruptible Power Supplies ("UPS") in tactical command settings. &nbsp;
Under a multi-year contract, KULR has achieved a significant milestone by tailoring its KULR ONE battery pack specifically for the Army's effort to modernize future command posts. This specialized pack combines high-performance 21700 power cells with state-of-the-art thermal management technology to enhance propagation resistance while minimizing size and weight. The customization has resulted in an impressive 80% improvement in UPS run times, providing a strategic edge in tactical command operations.
Michael Mo, CEO of KULR, expressed his pride in the project's success: "Delivering these customized battery packs to the United States Army represents a significant achievement for KULR. It underscores our commitment to developing specialized solutions that meet the exacting needs of our clients, particularly in critical, high-stakes environments. The KULR ONE pack exemplifies our dedication to innovation, safety, and performance in energy management."
The Army is appraising the custom KULR ONE battery packs for their next-generation command posts, aiming to significantly improve mobility and survivability. These assessments are critical to optimizing the use of these advanced energy solutions. KULR remains closely involved, supporting the Army's mission to enhance the efficiency and durability of its operational capabilities. This effort emphasizes KULR's significant impact on battery technology innovation, reinforcing its commitment to supplying specialized, high-caliber energy solutions for vital tactical needs.

KULR Technology Group Delivers Customized Battery Solution For U.S. Army, Enhancing Tactical Command Operations

The collaboration will initially focus on thermal runaway characterization at the cell level, a critical safety aspect for batteries used in eVTOL aircrafts. This effort is expected to transition into broader product and design opportunities, optimized for generating recurring revenue. KULR's forward-thinking approach aims to address the complex challenges of battery safety and management, offering scalable solutions that enhance operational safety and efficiency.

KULR Technology Group Received Initial Award To Supply Safecases To eVTOL Company; Financial Terms Not Disclosed

KULR Technology Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>), a firm specializing in sustainable energy management, announced a commitment of over $1 million from&nbsp;H55 Inc., an innovator in electric propulsion technology (EPS).
Under the agreement, the initial phase of delivery commenced in the first quarter of 2024. Incorporating KULR&#8217;s TRS into H55&#8217;s EPS is essential for meeting EASA&#8217;s safety standards.
H55 plans to use KULR&#8217;s Thermal Runaway Shield in propulsion systems for major firms like Pratt &amp; Whitney and&nbsp;CAE Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAE#NYSE">CAE</a>).
The collaboration enables H55 to develop propulsion systems that meet rigorous safety protocols and maintain high efficiency and energy density.&nbsp;
Following EASA&#8217;s recent approval of the H55 EPS, the project has advanced to a critical stage of demonstrating compliance in its certification journey.
Michael Mo, CEO of KULR, commented, &#8220;Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector.&#8221;
Price Action:&nbsp;KULR shares closed higher by 7.89% at $0.41 on Monday.

EXCLUSIVE: KULR Technology Tells Benzinga 'According to the agreement, the initial delivery phase began in Q1 2024'

EXCLUSIVE: KULR Tecnology Tells Benzinga 'H55 will employ KULR's unique Thermal Runaway Shield ("TRS") within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE'

EXCLUSIVE: KULR Technology Tells Benzinga Co Secures Over $1M Contract From H55 For Its Proprietary Patented Thermal Runaway Shield Technology

KULR Technology Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KULR#NYSE">KULR</a>) shares are jumping higher after it received a significant six-figure contract from&nbsp;Lockheed Martin Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>).
As per the terms, KULR will develop phase change material (PCM) heat sinks that are key for the thermal regulation of essential electronics&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/g37932199/kulr-enters-into-an-agreement-with-lockheed-martin-for-heat-sink-advancements-in-precision-missile" rel="noreferrer noopener">within long-range precision missiles.&nbsp;</a>
The contract win follows a series of successful evaluations that showcased the efficiency of KULR&#8217;s solutions in cooling critical onboard systems, and this contract underscores its role as a source of innovative cooling solutions.
Ted Krupp, KULR&#8217;s VP of Sales and Marketing, said, &#8220;Our partnership with Lockheed Martin validates our drive for excellence and innovation in managing high-stakes thermal challenges. Our work is critical for enhancing the capabilities of precision-guided weaponry.&#8221;&nbsp;
In December, KULR disclosed winning an initial purchase order from one of the world&#8217;s largest privately held<a target="_blank" href="https://www.benzinga.com/markets/equities/23/12/36397438/why-energy-management-company-kulr-technology-shares-are-gaining-today" rel="noreferrer noopener">&nbsp;space exploration companies</a>.
Price Action: KULR shares are up 21.4% at $0.3947 on the last check Tuesday.
Photo via Shutterstock

KULR Enters Six-Figure Contract With Lockheed Martin For Developing Phase Change Material Heat Sinks

In the concluding phase, KULR will deliver two distinct prototypes of its innovative battery systems, each tailored to meet the rigorous operational demands of the U.S. Army. This strategic development represents a culmination of the Company's tireless efforts in navigating the initial two phases of the agreement with exceptional success.

KULR Approaches Final Milestone In Upsized U.S. Army Contract For Advanced Battery Prototypes; Increases Contract Value To $1.81M

KULR Announces Initial Battery Testing Order For Its SafeCASE Product With A US Automaker

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KULR Technology Group, Inc. (KULR) Q4 2023 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
KULR Tech Gr (NYSEMKT:<a href="https://investorplace.com/stock-quotes/kulr-stock-quote/">KULR</a>) just reported results for the fourth quarter of 2023.<ul><li>KULR Tech Gr reported earnings per share of -4 cents. This met the analyst estimate for EPS of -4 cents.</li><li>The company reported revenue of $2.33 million.</li><li>This was 38.74% worse than the analyst estimate for revenue of $3.81 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/kulr-stock-earnings-kulr-tech-gr-for-q4-of-2023/">KULR Stock Earnings: KULR Tech Gr Meets EPS, Misses Revenue for Q4 2023</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

KULR Stock Earnings: KULR Tech Gr Meets EPS, Misses Revenue for Q4 2023

KULR Technology GAAP EPS of -$0.20 misses by $0.07, revenue of $9.83M misses by $18.41M

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Financing

Press Releases

KULR Retires All Outstanding Yorkville Debt

KULR Technology Group Sets Fourth Quarter and Full Year 2023 Earnings Call for Friday, April 12, 2024 at 4:30 p.m. ET

Opinion

Thinking about buying stock in RPM International, Xilio Therapeutics, KULR Technology, Torrid Holdings, or IGM Biosciences?

Legal

KULR Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield Technology

Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

KULR Technology Group Expands SafeCASE Application to Transform Battery Storage in eVTOL Manufacturing

KULR Technology Group Delivers Customized Battery Solution for U.S. Army, Enhancing Tactical Command Operations

KULR Technology Group Reports Record Annual Revenue for 2023

Management

KULR Technology Group Announces Appointment of Donna H. Grier to its Board of Directors

KULR Delivers Immediate Power Cell Battery Deployment Order for AI-Enabled Drone Missions in Ukraine

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