KULR Technology Group Reports Second Quarter 2023 Financial Results and Provides Full-Year Revenue Guidance
SAN DIEGO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the second quarter ended June 30, 2023.
- SAN DIEGO, Aug. 16, 2023 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a global leader in sustainable energy management, today reported results for the second quarter ended June 30, 2023.
- Contract Services revenue increased over 2300%, with second quarter 2023 contract services revenue of approximately $0.7 million versus $0.03 million in the prior year period.
- Cash: As of June 30, 2023, the Company had $1.3 million of cash compared to $7.2 million as of March 31, 2023.
- KULR Chief Financial Officer Shawn Canter affirmed: “KULR posted a strong second quarter with over 350% revenue growth over the same quarter last year.