Sales of sales and strategic …

Appearance date: May 15, 2025

You can find the complete copy of the earnings call in the complete earnings call.

• The Kulr Technology Group Inc (Kulr) recorded a 40% increase in sales compared to the previous year and achieved 2.4 million dollars.

• The company has a strong financial position with over 100 million US dollars at bar and Bitcoin Holdings and practically no debts.

• Kulr has successfully expanded his footprint of the system to around 31,000 square foot and doubled its battery production capacity.

• The company has entered strategic BTC mountain space options and expects Bitcoin prices to be higher in the future.

• Kulr was selected by the Texas Space Commission to receive a grant of $ 6.7 million in order to advance Space Battery Systems of the next generation.

• The gross margin for the first quarter went back to 8%, since unexpected working hours are necessary to complete technical projects.

• The operating costs rose due to a higher marketing, insurance, non-payment-based remuneration and a one-off adjustment of the non-decree.

• The service turnover decreased by 8% compared to the first quarter of 2024.

• The company is exposed to volatility in Bitcoin Holdings, whereby $ 9.7 million is not operated due to adjustments to markets.

• Kulr does not focus on the consumer-oriented battery market, which could limit potential sources of income.

Q: Kulr still pursues a contract with UPS for a safe case? A: Yes, we continue to pursue a contract with UPS on Safe Case and focus on large batteries.

Q: Does Kulr still have a license contract with Amrius? A: We have a technology design partnership with Amrius who work on energetic and high-performance batteries and focus on space, dod, drones, robotics and industrial applications.

Q: Kulr pays SpaceX to bring your technology to space in 2026, or is SpaceX interested in what Kulr has to offer? A: Yes, we pay SpaceX to bring our QA and our battery in 2027 in addition to our battery program of the ultra-low temperature.

Q: Which of the partnerships or collaborations reported this year will be the most profitable in your opinion? A: It is difficult to say which one, but I'm just as happy about our Kulr One World Ca -Development and our new AI Robotics opportunities, both of which are promising.

Q: What is the Californian facility for the moment? A: We pass all Californian activities, including thermal products and battery cells, into our facility in Webster, Texas by the end of the year.

Q: What do you say to investors who are waiting for sales agreements and contracts after we are with the new production facility in May? A: We have expanded our facility in Webster, Texas, to 31,000 square meters and produced that they serve more customers faster, as our quick turnaround demonstrates with Astro Forge.