Kulr Technology Group Inc. (NASDAQ: KULR) stock declined by 3.02% at last close whereas the KULR stock-price surges by 6.67% in the after-hours trading session. Next-generation carbon fiber heat management techniques for batteries and electronic systems are developed, manufactured, and licensed by KULR Technology Group Inc.
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Upcoming Events
In September 2021, KULR Technology Group will attend the following virtual finance conferences:
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- On September 13 2021 KULR’s CEO, Michael Mo will be participating in H.C. Wainwright’s 23rd Annual Global Investment Conference.
- Also, KULR will be the part of Benzinga Electric Vehicles Conference which will be taking place on September 22, 2021.
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KULR stock’ Financial Highlights
Almost a month ago, KULR reported its second-quarter 2021 financial results. The summary of which is given below:
- KULR reported $0.6 million in revenue for the second quarter ending June 30, 2021, up 212 percent from $0.2 million in the same period of 2020. Increased sales of KULR items accounted for the majority of the revenue gain.
- In the second quarter of 2021, SG&A spending grew to $2.8 million, up from $0.4 million the previous year.
- R&D expenses increased by 437 percent to $0.31 million in the second quarter of 2021, compared to $0.06 million in the same quarter last year, owing to a mix of headcount and process improvements made in the first quarter of 2021.
- The second quarter of 2021 saw a $2.9 million loss from operations, compared to $0.3 million in the same quarter of 2020.
- The net loss for Q2 2021 climbed to $3.0 million, up from $0.4 million in the same quarter of 2020.
- In the second quarter of 2021, the net loss per share was $0.07, relative to $0.01 in the same time of 2020.
The Company reported cash holdings of $12.2 million on June 30, 2021, up from $8.9 million on December 31, 2020