KULR releases Q3 financial report: revenue reaches 6.88 million USD, a year-on-year增长 of 116%

2025-11-19 00:54:17

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Golden Finance reported that KULR Technology Group (NYSE American: KULR) released its Q3 2025 financial report, with revenue reaching $6.88 million, a year-on-year increase of 116%, and product sales rising 112% to $1.62 million. The company also announced a collaboration with Amprius and Molicel to launch the KULR ONE Air battery product line for drone systems, established a 3.3 megawatt Bitcoin Mining custody partnership with Soluna Holdings, and launched six new CubeSat batteries along with a next-generation battery management system. Despite the significant revenue growth, the company's gross margin fell from 71% in the same period last year to 9%, with a net loss of $6.97 million in the third quarter, primarily impacted by one-time impairment charges and accounts receivable credit losses.

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