Find Important Sources/Details Here: Company Website. Company Presentation.
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Right now, KULR has several potential breakout catalysts that could be worth taking notice of at the moment. Check these out...
#1. KULR Potential Catalyst - A Reiterated $7 Target Suggests KULR May Be Extremely Undervalued!
In 2024, KULR has been dropping major news announcement after major news announcement.
Revenue growth, contracts secured, strategic partnerships forged...
KULR has been on a roll and at least one analyst has taken notice.
In December, a Litchfield Hills Research analyst reiterated their massive $7.00 target!
From Monday's closing valuation, that provides KULR with a killer potential upside of over 400%!
Highlights from the report:
- 2024 has become a pivotal year for the company. It is now engaged in several solidly growing sectors that should benefit from both macro and micro trends such as nuclear energy, missiles and defense, satellites, and data centers and its products already meet NASA standards. It's come a long way from early days when we believed its business would be driven by its proven safety products and EVs.
- We consider the shares undervalued. Based on our discounted earnings model, we believe the shares should trade at $7. Shares are currently selling at a discount to peers.
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#2. KULR Potential Catalyst - A New Defense Contract Leverages KULR's Extensive With Phase-Change Material Tech.
KULR Technology Awarded Key Defense Contract for Leading Missile Program
HOUSTON, Nov. 14, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, today announced it has been awarded a pivotal contract for the development of a specialized Phase-Change Material (PCM) heat sink for a major missile program. This custom PCM heat sink is designed to manage extreme thermal loads generated during mission-critical maneuvers, helping maintain optimal performance and reliability within the missile's electronics systems. While specific program and customer details could not be disclosed, this award further solidifies KULR's role as a trusted partner for mission-critical defense applications with multi-decade production runs.
Under the contract, KULR will design and produce a PCM-based heat sink that provides precise thermal regulation by absorbing and dissipating heat in a controlled manner, ensuring that essential components remain within safe operating temperatures. This advanced solution highlights KULR's commitment to delivering high-performance thermal management technologies tailored for defense needs. The contract leverages KULR's extensive experience with phase-change material technology, which has been effectively deployed in aerospace and defense applications to regulate heat under intense operational conditions.
"We are honored to support this critical defense program with our PCM heat sink technology," said Ted Krupp, Vice President of Sales and Marketing at KULR Technology Group. "This award underscores our engineering expertise, and the unmatched performance our thermal management solutions bring to mission-critical applications."
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Read the full article here.
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#3. KULR Potential Catalyst - Record Revenue In Q3 2024 Suggests KULR Could Be Building Towards Something Huge!
KULR Reports Record Revenue for the Third Quarter of 2024
HOUSTON, Nov. 13, 2024 (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 third quarter ended September 30, 2024.
Third Quarter 2024 Financial Results
Revenues: In the third quarter that ended September 30, 2024, revenue was $3.19Mn compared to $3.04Mn reported in the same period last year.Cash and Accounts Receivable: As of September 30, 2024, the Company had cash and accounts receivable combined of $3.60Mn.
Gross Margins: Gross margin was 71% in the quarter ending September 30, 2024, compared to 44% in the same period last year.
Selling, General and Administrative (SG&A) Expenses: SG&A expenses decreased to $2.74Mn in the third quarter of 2024 from $4.61Mn in the same period last year.
Research and Development (R&D) Expenses: R&D expenses in the third quarter of 2024 decreased to $1.23Mn from $1.82Mn in the same period last year.
Operating Loss: Loss from operations was $1.71Mn for the third quarter of 2024, compared to $5.10Mn from the same period last year. Lower operating loss in the third quarter was driven by a decrease in both SG&A expenses and investment in R&D.
Net Loss: Net loss for the third quarter of 2024 was $2.00Mn, or a loss of $0.01 per share, compared to a net loss of $5.56Mn, or a loss of $0.05 per share from the same period last year.
Management Commentary
KULR Chief Financial Officer Shawn Canter noted, "We are proud to announce another record revenue quarter so meaningfully the result of our entire team's focus and dedication. The announced license agreement for KULR Xero Vibe represents a new business model that can expand the ways we grow KULR. Our recent first 'Open House' in Webster was a smashing success with many customers, potential customers, ins., fire – including the FDNY - and hazmat experts, public officials, and in-vest-ors in attendance. I think we will do more of those types of events to invite more and more people to see and experience the mission critical nature of our work for so many applications."
Mr. Canter continued, "The work we do is really part of the 'picks and shovels' of the space economy, the broader adoption of electrification of the global aerospace and defense sectors, and the evolution toward more and more electric applications like planes, drones, vehicles, industrial and commercial equipment. Who isn't going to need safe, reliable, clean power in often inconvenient environments?"
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Read the full article here.
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#4. KULR Potential Catalyst - The U.S. Navy Awards KULR With Game-Changing Contract To Advance Key Technology.
KULR Awarded U.S. Navy Contract to Develop High-Temperature Internal Short Circuit Cells for Enhanced Battery Safety in Critical Applications
HOUSTON, Nov. 25, 2024 (GLOBE NEWSWIRE) -- KULR Technology Group, Inc. (NYSE American: KULR) (the "Company" or "KULR"), a provider of advanced thermal management solutions, has been awarded a contract by the U.S. Navy to advance its Internal Short Circuit (ISC) technology to activate at higher temperatures. This development, vital for both military and commercial applications, will support a wide range of safety-critical uses, with particular importance for aviation by enabling the simulation of extreme conditions that better reflect the stringent safety standards of the Federal Aviation Administration (FAA) and European Union Aviation Safety Agency (EASA).
KULR's ISC devices, originally developed in collaboration with NASA and the National Renewable Energy Laboratory (NREL), induce controlled thermal runaway in lithium-ion cells, offering safer and more accurate testing than conventional methods. With the capability to activate at elevated temperatures, the new ISC devices provide deeper insights into battery behavior under worst-case scenarios, allowing for a precise evaluation of resilience and safety for high-stress environments.
Advantages of High-Temperature ISC Activation
High-temperature ISC activation supports critical advancements in aviation safety by:
- Accurately Simulating Extreme Conditions: Higher temperature activation mirrors real-world operational stresses, offering precise data on thermal runaway behavior essential for electric and hybrid-electric aircraft.
- Achieving Greater Consistency with Safety Standards: The advanced ISC testing helps align battery safety development with the rigorous safety expectations of FAA and EASA as electric aviation progresses toward certification.
- Enhancing Military and Commercial Safety: The technology provides both the U.S. Navy and commercial aviation sectors with tools to rigorously evaluate battery resilience, bolstering mission safety and reliability.
"Our work with the U.S. Navy on high-temperature ISC technology will enhance safety protocols and provide essential data as electric aviation moves closer to regulatory certification and market entry," said Michael Mo, CEO of KULR Technology. "With these advancements, KULR is well-positioned to support safer, more resilient battery systems across the aviation industry."
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Read the full article here.
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#5. KULR Potential Catalyst - A Multitude Of Bullish, Triggered Technical Indicators Could Get KULR On Radars Everywhere This Week.
On Monday at 1:00PM EST, Barchart was reporting several triggered technical indicators to be triggered across the short, medium, and long term for KULR.
Here's their list (as of 1:00PM EST Monday):
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MA Crossover
- 20 - 100 Day MA Crossover
- 20 - 200 Day MA Crossover
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MA Crossover
- 50 - 150 Day MA Crossover
- 50 - 200 Day MA Crossover
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
The website also shares its all-important "Trend Seeker" composite indicator is triggered as well.
Make sure to watch these technical indicators closely moving forward.
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(NYSE American: KULR Recap - The Top Potential Breakout Catalysts To Keep An Eye On
#1. A Reiterated $7 Target Suggests KULR May Be Extremely Undervalued!
#2. A New Defense Contract Leverages KULR's Extensive With Phase-Change Material Tech.
#3. Record Revenue In Q3 2024 Suggests KULR Could Be Building Towards Something Huge!
#4. The U.S. Navy Awards KULR With Game-Changing Contract To Advance Key Technology.
#5. A Multitude Of Bullish, Triggered Technical Indicators Could Get KULR On Radars Everywhere This Week.
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Coverage is officially initiated on KULR Technology Group, Inc. (NYSE American: KULR).
I'll be in touch again soon. Keep your eyes peeled.
Sincerely,
Kai Parker
StockWireNews
(Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.)
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