KULR Technology Group, Inc. (AMEX:KULR) shares are trading lower Wednesday after the company reported worse-than-expected fourth-quarter financial results on Tuesday after the market closed.
- Kulr stock is testing lower boundaries. Why did KULR hit a new low?
Q4 Results Miss Estimates
Kulr reported a loss of 97 cents per share, missing the consensus estimate of a 8 cent-loss. In addition, it reported revenue of $2.86 million, missing the consensus estimate of $8.00 million and representing a 15% year-over-year decline
Net loss widened to $44.26 million, primarily driven by a $28.26 million mark-to-market loss tied to the company's bitcoin holdings.
Kulr reported cash balances of $13.30 million as of Dec. 31, 2025, down from $29.83 million a year earlier. The company also held $93.99 million in bitcoin, up significantly from $20.28 million in the prior year.
CEO Michael Mo said the company is entering 2026 with "sharper strategic focus" and "confidence in our ability to convert technical leadership into long-term shareholder value."
Kulr Shares Fall
KULR Price Action: At the time of publication, Kulr shares are trading 11.81% higher at $2.09, according to data from Benzinga Pro.
This illustration was generated using artificial intelligence via Midjourney.
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