Filing Flows › Kulr Technology Group (KULR) › Q4 2024
Kulr Technology Group (KULR) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 31, 2025
Kulr Technology Group (KULR) reported revenue of $3.4M for the fourth quarter 2024 (Q4 2024), +44% from a year earlier and +6% from the quarter before. Operating margin was -105.1%, net loss $4.6M (137.1% of revenue).
Kulr Technology Group, Q4 2024: revenue $3.4M (+44% year over year), operating margin -105.1%, net loss $4.6M, operating cash flow −$4.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4M | +6% | +44% |
| Operating profit | −$3.5M | — | — |
| Net earnings | −$4.6M | — | — |
| Operating cash flow | −$4.8M | — | — |
What changed
Revenue was $3.4M in Q4 2024, up 44% year over year and up 6% from the previous quarter.
Gross margin was 63.6%, up 34.3 points from a year earlier. Operating costs exceeded revenue by $3.5M, an operating margin of -105.1%. Operating expenses grew 0% against revenue growth of 44%. The quarter ended with a net loss of $4.6M, wider than the previous quarter's $2.0M loss.
Operating cash flow was −$4.8M. Non-cash charges added back $262K of depreciation and amortization and $882K of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $385K exceeded it, leaving free cash flow of −$5.2M.
Questions
What was Kulr Technology Group's revenue in the fourth quarter 2024?
Kulr Technology Group (KULR) reported revenue of $3.4M for the fourth quarter 2024 (Q4 2024), +44% from a year earlier and +6% from the quarter before.
Was Kulr Technology Group profitable in the fourth quarter 2024?
Operating loss was $3.5M (-105.1% of revenue) and net loss $4.6M.