22H·

Company presentation: KULR Technology Group Inc.

Dear Quinies,

I have taken the time to write a short analysis of a stock that I find super exciting and that has recently found its way into my gamble portfolio.

Today I'm talking about KULR Technology Group Inc.$KULR (+1,05 %) ). So let's get started😁.

KULR is a technology company that is active in the field of high-performance energy storage solutions. In addition to product innovation (batteries, thermal management, exoskeletons, etc.), which are used in a wide variety of areas, KULR actively uses cryptocurrency (especially Bitcoin $BTC (-0,05 %)) as part of its financial strategy to strengthen its balance sheet, diversify risk and increase shareholder value (Bitcoin-first treasury strategy).

KULR is expanding its product portfolio in a targeted manner: cost-efficient solutions for space travel (CubeSats etc.), improved battery packs, thermal management solutions and safety (battery safety) are to form the core of the business. These are all products and services that are needed and used in growing market segments such as satellites, UAVs, defense, space and energy storage.

According to Investing.com and MarketScreener, the basic key figures are as follows:

Market capitalization: approx. US$ 183-185 million

EV/Sales (2025e): around 9.4x - i.e. a fairly high valuation in relation to sales, typical for growth-oriented tech companies.

Listed in the Russel 3000 since 30.06.2025.

The latest quarterly figures show a mixed, but in my view essentially positive picture:

Sales: At around US$ 3.97 million, KULR exceeded the previous year's figure by around 63 % in the second quarter. It is particularly pleasing that product sales increased significantly by 74 %, while the service business declined as expected.

Profitability: Operationally, the company remains in the red (-US$ 9.45 million), which is primarily due to the significant increase in selling, general and administrative (SG&A) costs and higher R&D expenditure.

Gross margin: Weaker than in the previous year at 18% (previous year: 24%), which indicates that scaling and cost efficiency are not yet where they should be.

Net income: Remarkably, in my view, KULR reported a net profit for the first time in a quarter ($8.14m or $0.22 per share) - though not from operating profits, but from valuation gains on its Bitcoin holdings.

This shows that KULR is still growing operationally, while at the same time the BTC treasury strategy provides a kind of buffer and ensures a visible plus in the income statement.

A brief summary of KULR's BTC treasury strategy and how it is implemented:

At the end of Q2, KULR held a total of 1,021 BTC at an average price of around US$108,884 per coin.

The purchases were financed partly from liquidity, partly via a credit line with Coinbase Credit and through an ATM program - a clear mix of own funds and flexible financing.

BTC yield for 2025 is given as +291 %.

Let's now come to my personal conclusion:

KULR is an interesting investment for me for two reasons:

The operating business is growing, especially in the product area and, in my view, serves essential future industries. However, margins and cost discipline must be noticeably improved in order for growth to be economically viable.

The BTC treasury strategy also makes the company interesting for investors seeking exposure to BTC, but naturally also brings greater volatility to the company's balance sheet.

KULR's inclusion in the Russell 3000 and its transparent communication of its own BTC treasury policy have raised its profile considerably (including in my view).

For me, this is an exciting stock with future-oriented products and additional exposure to BTC. Highly speculative, of course, but hey, no risk no fun🤷🏼‍♂️.

I opened a position of about 2% of my portfolio this week.

As always, of course: do your own research😉.

On that note, I wish you all a great weekend and hope you enjoyed the presentation. Feel free to leave input for my next presentation, opinions, thoughts etc. da✌🏻.

Perhaps a potential candidate for @Multibagger
@Tenbagger2024 or @BamBamInvest 😎 and @EpsEra maybe complement them in their mega posts on humanoid robots😁 @stefan_21 was $KULR (+1,05 %) already known to you in the context of BTC Treasuries?

Sources:

http://de.investing.com/equities/kulr-technology-group-otc?utm_source=investing_app&utm_medium=share_link&utm_campaign=share_instrument

https://de.marketscreener.com/kurs/aktie/KULR-TECHNOLOGY-GROUP-INC-120797020/

https://kulr.ai/

18 Commentaires

Tigawutz@Tigawutz

22H

What happened there at the end of 2024?

•

All-in-or-nothing@All-in-or-nothing

22H

@Tigawutz Launch of the treasury strategy, massively overhyped in the course of this and the share price has fallen back accordingly.

•

“Klaatu_Barada_Nikto!“@Ash

21H

@All-in-or-nothing Often observed when a company announces its treasury strategy. 🤷🏻‍♂️

•

All-in-or-nothing@All-in-or-nothing

21H

@Ash seen countless times before, absolut👍🏻🤷🏼‍♂️.

•

Tenbagger2024@Tenbagger2024

21H

@All-in-or-nothing
That's why I also see a bubble in some treasury companies.
But I'll take a look tomorrow at my leisure.

•

Stefan21@stefan_21

21H

I'm familiar with the company - but only because Saylor has occasionally shared their posts about her Bitcoin purchases :D
I haven't had a closer look yet.
But it sounds positive that they have an operational business in addition to the Bitcoin strategy.
I'll have a look :)

•

All-in-or-nothing@All-in-or-nothing

21H

@stefan_21 That was actually my main motivation, there is an operational business😅. Even if it's not yet profitable, I find the focus more than interesting. And in combination with BTC treasury, that's what attracted me to gehabt🤷🏼‍♂️.

•

Elsa E.@EpsEra

21H

Hi 👋 An interesting company that I didn't know about before. After researching and your great contribution, I will include $KULR in the energy supply sector of my legendary post 😎. Kulr Technology supplies core technologies for battery cooling and safety, which can be crucial for operating humanoid robots in a compact, safe and energy-efficient way. Not a big player like CATL or Albemarle, but a strategic niche player, a hidden champion.

•

All-in-or-nothing@All-in-or-nothing

21H

@EpsEra I'm glad I was able to contribute something to your legendary post afterwards😁. And thanks for the coins and the praise natürlich🙏🏻.

•

Chris@Multibagger

16H

Thank you for the introduction. Sunday morning is off to a good start. I'll have a look at it. But I definitely think it's good that, like $SUNN, which is in my portfolio, it also operates in a business area other than just buying Bitcoin on credit.

•

BamBamInvest@BamBamInvest

13H

Thanks for the introduction, but after reading it for the first time, I still don't really understand what they do 😂. I understood about $BTC, but exactly what their product innovations are and how they stand out from the competition would be interesting. I like their market capitalization as they are still relatively small, but I would be interested to know how they stand out from the competition and whether they are pursuing the treasury strategy because they see no future for themselves in the actual business area or whether they have product advantages here and these are also in high demand? 😊 if you have more information here or have done some research.✌️

•

Jarod@TradingHase

21H

Interesting. Can you tell me what is meant by valuation gains from Bitcoin?

•

All-in-or-nothing@All-in-or-nothing

21H

@TradingHase the price on the valuation date was higher than the average purchase price. This can then be recognized as a positive cash flow. However, the whole thing can of course also work in the other direction😉.

•

Jarod@TradingHase

21H

@All-in-or-nothing I had already thought something like that. For me, that's just an artificial embellishment of the rating figures. It doesn't inspire confidence at first.
The value is tradable on TR, but not on SC and Zero.

•

All-in-or-nothing@All-in-or-nothing

21H

@TradingHase I've seen so many really artificially embellished balance sheets in my professional career that I think this one is absolutely harmless😅🤷🏼‍♂️.

•

Jarod@TradingHase

21H

@All-in-or-nothing What was that again... I only trust a balance sheet that I have falsified myself 😂

•

All-in-or-nothing@All-in-or-nothing

21H

@TradingHase like this, exactly😂. The thing is that in the USA you can pretty much balance as you like. If you prepare your accounts in accordance with GAAP, this is analogous to IFRS 9. There alone, there are around 500 different ways of reporting things, not reporting them, reporting them as something other than what they actually are, etc.😅. Don't even get me started on non-GAAP (most growing companies do this because the results are then really and sometimes very obviously embellished). According to my research, $KULR has actually reported in accordance with GAAP, which in my experience is the absolute exception in the small-cap sector.

•

Jarod@TradingHase

21H

@All-in-or-nothing Thank you for the explanation, Allin 👍🏼

•