{"id":11427,"date":"2026-11-10T15:04:07","date_gmt":"2026-11-10T15:04:07","guid":{"rendered":"https:\/\/stoxpo.com\/?p=11427"},"modified":"2026-11-10T15:04:07","modified_gmt":"2026-11-10T15:04:07","slug":"kulr-technology-revenue-surges-197-in-q3-as-battery-sales-nearly-quadruple","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2026\/11\/10\/kulr-technology-revenue-surges-197-in-q3-as-battery-sales-nearly-quadruple\/","title":{"rendered":"KULR Technology Revenue Surges 197% in Q3 as Battery Sales Nearly Quadruple"},"content":{"rendered":"\n

Company reports $7.4 million in quarterly revenue, exits Bitcoin holdings, and strengthens its balance sheet with $54.5 million in cash and no debt.<\/em><\/p>\n\n\n\n

KULR Technology Group (KULR) reported strong third-quarter 2026 revenue growth, driven by accelerating demand for its battery energy storage solutions across aerospace, defense, robotics, and other mission-critical industries.<\/p>\n\n\n\n

Revenue from continuing operations increased 197% year-over-year to $7.4 million, compared with $2.49 million in the prior-year period. Product sales surged 299% to approximately $6.5 million, accounting for 88% of total quarterly revenue.<\/p>\n\n\n\n

The growth was primarily supported by the company’s KULR ONE battery platform, including its KULR ONE Max energy storage systems designed for power-as-a-service deployments in Japan’s electricity market.<\/p>\n\n\n\n

Despite the substantial revenue increase, profitability remained challenging. Gross margin declined to 4% from 17% a year earlier, reflecting higher production costs associated with new battery configurations and custom assembly programs.<\/p>\n\n\n\n

Operating losses widened to $11 million from $8.74 million, largely due to increased research and development spending.<\/p>\n\n\n\n

However, KULR reported GAAP net income of $4.47 million, or $0.10 per share, compared with a net loss of $6.97 million, or $0.17 per share, a year earlier.<\/p>\n\n\n\n

The positive net income was primarily attributable to a $15.8 million non-recurring gain related to digital assets rather than operating profitability.<\/p>\n\n\n\n

Stronger Balance Sheet and Strategic Expansion<\/h2>\n\n\n\n

KULR completed its exit from Bitcoin investments during the quarter, ending September with $54.5 million in cash, no outstanding debt, and no remaining digital assets.<\/p>\n\n\n\n

The company also paused its at-the-market equity offering program through December 31, 2026.<\/p>\n\n\n\n

Meanwhile, KULR continues developing an NDAA-compliant battery supply chain for autonomous systems, incorporating domestic manufacturing partnerships, proprietary battery management systems, and charging technologies ahead of an anticipated 2027 production expansion.<\/p>\n\n\n\n

To improve operational efficiency, the company implemented workforce reductions in November expected to generate approximately $4 million in annualized savings.<\/p>\n\n\n\n

Research and development expenses are also projected to decline beginning in the fourth quarter and continuing into 2027 as major development initiatives approach completion.<\/p>\n\n\n\n

Looking ahead, KULR aims to capitalize on expanding demand for advanced battery technologies while improving margins, reducing operating expenses, and translating rapid product revenue growth into sustainable profitability.<\/p>\n\n\n\n

Investors will closely monitor execution of the company’s cost-reduction strategy and its ability to scale production across emerging energy storage and autonomous technology markets.<\/p>\n","protected":false},"excerpt":{"rendered":"

Company reports $7.4 million in quarterly revenue, exits Bitcoin holdings, and strengthens its balance sheet with $54.5 million in cash and no debt. KULR Technology Group (KULR) reported strong third-quarter 2026 revenue growth, driven by accelerating demand for its battery energy storage solutions across aerospace, defense, robotics, and other mission-critical industries. Revenue from continuing operations […]<\/p>\n","protected":false},"author":2,"featured_media":7739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_social_meta":[],"jnews_override_counter":[],"jnews_post_split":[]},"categories":[482,359,310],"tags":[420,421,503,418,417],"coauthors":[454],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11427"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=11427"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11427\/revisions"}],"predecessor-version":[{"id":11428,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/11427\/revisions\/11428"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/7739"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=11427"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=11427"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=11427"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=11427"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}