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KULR Technology | 10-Q: Q2 2024 Earnings Report

KULR Technology | 10-Q: Q2 2024 Earnings Report

KULR Technology | 10-Q:2024財年二季報
美股SEC公告 ·  2024/08/13 04:17

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KULR Technology Group reported Q2 2024 revenue of $2.4M, down 10% YoY from $2.7M, with gross margin declining to 24% from 37%. Product sales decreased 42% to $1.1M while contract services revenue increased 76% to $1.3M. The company posted a net loss of $5.9M compared to $6.3M in Q2 2023.Operating expenses decreased 15% YoY to $5.9M, driven by planned reductions in R&D and SG&A costs. The company ended Q2 with $1.0M in cash and a working capital deficit of $2.4M. To strengthen its financial position, KULR entered into a $20M At-the-Market offering agreement in July 2024 and secured additional merchant cash advances.Management continues to focus on cash conservation while expanding operations in thermal management and energy storage solutions. The company received NYSE acceptance of its compliance plan and has until June 2025 to meet continued listing requirements. KULR is pursuing strategic initiatives including AI integration and development of its KULR ONE battery architecture platform.
KULR Technology Group reported Q2 2024 revenue of $2.4M, down 10% YoY from $2.7M, with gross margin declining to 24% from 37%. Product sales decreased 42% to $1.1M while contract services revenue increased 76% to $1.3M. The company posted a net loss of $5.9M compared to $6.3M in Q2 2023.Operating expenses decreased 15% YoY to $5.9M, driven by planned reductions in R&D and SG&A costs. The company ended Q2 with $1.0M in cash and a working capital deficit of $2.4M. To strengthen its financial position, KULR entered into a $20M At-the-Market offering agreement in July 2024 and secured additional merchant cash advances.Management continues to focus on cash conservation while expanding operations in thermal management and energy storage solutions. The company received NYSE acceptance of its compliance plan and has until June 2025 to meet continued listing requirements. KULR is pursuing strategic initiatives including AI integration and development of its KULR ONE battery architecture platform.
KULR科技集團報告2024年第二季度營業收入爲240萬美元,同比下降10%,較2023年的270萬美元下降,毛利率從37%下降至24%。產品銷售額下降42%,爲110萬美元,而合同服務收入增加76%,達到130萬美元。公司在2023年第二季度錄得淨虧損590萬美元,而在2023年第二季度虧損爲630萬美元。營業費用同比下降15%,至590萬美元,這得益於計劃中的研發和銷售、一般及管理費用削減。公司在第二季度末持有現金100萬美元,營運資金赤字爲240萬美元。爲了加強財務狀況,KULR於2024年7月達成了一項2000萬美元的市場即時增發協議,並獲得了額外的商戶現金預付款。管理層繼續專注於現金保守,同時擴大熱管理和能源存儲解決方案的運營。公司已收到紐交所對其合規計劃的接受,並有直至2025年6月來滿足持續上市要求。KULR正在追求包括人工智能整合和開發KULR ONE電池架構平台在內的戰略倡議.
KULR科技集團報告2024年第二季度營業收入爲240萬美元,同比下降10%,較2023年的270萬美元下降,毛利率從37%下降至24%。產品銷售額下降42%,爲110萬美元,而合同服務收入增加76%,達到130萬美元。公司在2023年第二季度錄得淨虧損590萬美元,而在2023年第二季度虧損爲630萬美元。營業費用同比下降15%,至590萬美元,這得益於計劃中的研發和銷售、一般及管理費用削減。公司在第二季度末持有現金100萬美元,營運資金赤字爲240萬美元。爲了加強財務狀況,KULR於2024年7月達成了一項2000萬美元的市場即時增發協議,並獲得了額外的商戶現金預付款。管理層繼續專注於現金保守,同時擴大熱管理和能源存儲解決方案的運營。公司已收到紐交所對其合規計劃的接受,並有直至2025年6月來滿足持續上市要求。KULR正在追求包括人工智能整合和開發KULR ONE電池架構平台在內的戰略倡議.
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