KULR Technology Group Inc Dossier
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SectorIndustrials IndustryElectrical Components and Equipment Beta (adjusted)1.91 Intrinsic Value No headline value published yetWe haven't published a headline intrinsic value for this company yet. Our data-reliability standards weren't met. Method estimates are shown for reference. Market Price $2.65Price as of 2 Oct 2026 Data confidence Sign in to view data confidence Market Cap $122.6M Enterprise Value $109.9M Shares Outstanding 49.9M diluted Next Earnings Date16 Nov 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary KULR Technology Group is demonstrating a powerful operational inflection, highlighted by a 98% year-over-year revenue increase in Q1 2026 and a dramatic gross margin expansion to 29% from 8% in the prior year. Tighter cost controls, including a 9% reduction in SG&A and a 28% reduction in R&D, have successfully narrowed operating losses by 22%. While headline net income remains highly distorted by non-cash mark-to-market adjustments on its Bitcoin treasury holdings, the underlying core business is scaling rapidly. KULR's specialized thermal management and battery safety solutions are gaining significant traction across high-growth, mission-critical sectors such as military drones, aerospace, and hyperscale AI data centers. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$8.00 Mean target$8.00 High · most bullish analyst$8.00 Our research · scenarios, merits, risks, and invalidation triggersResearch as of 20 Jun 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario Delayed commercialization of prototype designs or supply chain disruptions in semiconductor and battery cell sourcing slow down revenue growth. Continued volatility or deep drawdowns in Bitcoin holdings further impair reported net income, leading to capital constraints and potential dilution through equity offerings. Base CaseCentral scenario The core business continues to scale efficiently, driven by the commercialization of the KULR ONE platform and new military drone battery development contracts. Tighter financial discipline under the newly appointed CFO, Dr. Michael Kimel, helps align capital allocation and improve operating leverage, leading to a projected breakeven by late 2027. Bull CaseUpside scenario KULR's bull case is driven by its IP-rich battery safety and thermal management technology, which has been validated by NASA and the U.S. Department of Defense. The company is well-positioned to capture high-growth demand across defense, aerospace, and AI data centers. Furthermore, with a small-cap valuation and a valuable patent portfolio, KULR remains an attractive premium takeover candidate for larger, cash-rich technology acquirers looking to monetize its battery safety solutions. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
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All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |