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KULR Technology Group Inc (KULR)



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Upturn Advisory Summary
10/14/2025: KULR (5-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $11
1 Year Target Price $11
2 | Strong Buy |
0 | Buy |
0 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 451.67% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 225.58M USD | Price to earnings Ratio - | 1Y Target Price 11 |
Price to earnings Ratio - | 1Y Target Price 11 | ||
Volume (30-day avg) 2 | Beta 2.02 | 52 Weeks Range 2.16 - 43.92 | Updated Date 10/13/2025 |
52 Weeks Range 2.16 - 43.92 | Updated Date 10/13/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.48 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -133.22% | Operating Margin (TTM) -218.09% |
Management Effectiveness
Return on Assets (TTM) -18.64% | Return on Equity (TTM) -24.65% |
Valuation
Trailing PE - | Forward PE 128.21 | Enterprise Value 176869374 | Price to Sales(TTM) 17.38 |
Enterprise Value 176869374 | Price to Sales(TTM) 17.38 | ||
Enterprise Value to Revenue 13.63 | Enterprise Value to EBITDA -6.35 | Shares Outstanding 42562240 | Shares Floating 38320151 |
Shares Outstanding 42562240 | Shares Floating 38320151 | ||
Percent Insiders 7.02 | Percent Institutions 19.84 |
Upturn AI SWOT
KULR Technology Group Inc

Company Overview
History and Background
KULR Technology Group Inc. was founded in 2013. It focuses on developing and commercializing thermal management technologies for batteries and other electronic systems. Initially focused on space applications, it has expanded into other markets, including electric vehicles, energy storage, and defense.
Core Business Areas
- Battery Safety & Thermal Management Solutions: Provides thermal management solutions for batteries, preventing thermal runaway and improving safety and performance.
- Space & Defense: Offers thermal management solutions for aerospace and defense applications, including heat sinks and other cooling technologies.
- Energy Storage: Focuses on thermal management solutions for energy storage systems, improving efficiency and safety.
- Electric Vehicles (EV): Develops thermal solutions tailored for EV battery packs, ensuring efficient heat dissipation and battery longevity.
Leadership and Structure
Michael Mo is the CEO of KULR. The company operates with a functional structure, organizing teams around core business functions such as engineering, sales, and marketing.
Top Products and Market Share
Key Offerings
- KULR-Tech CellCool: A passive propagation resistant (PPR) solution to prevent or mitigate battery thermal runaway propagation for single cell failures. Market share is difficult to ascertain but is growing due to regulatory changes on battery safety. Competitors include manufacturers of battery management systems and traditional cooling systems like liquid cooling.
- HYDRA TRS Battery Storage: A modular, high-capacity battery energy storage system using KULR's thermal management technologies. Market share is emerging, competing with larger energy storage companies such as Tesla (TSLA), Fluence (SI), and Enphase (ENPH). Revenue from the system is still developing.
Market Dynamics
Industry Overview
The thermal management market is growing, driven by increasing demand for high-performance batteries and electronics in EVs, energy storage, and other applications. Safety regulations are also driving demand for thermal runaway solutions.
Positioning
KULR positions itself as a provider of advanced thermal management solutions with a focus on safety and performance. Their competitive advantage lies in their unique carbon fiber technology and its applications in extreme environments.
Total Addressable Market (TAM)
The global thermal management market is projected to reach hundreds of billions of dollars. KULR, though small, is strategically positioned to address the rising demand for advanced thermal solutions, especially within growing sectors such as EVs and energy storage, thus presenting a huge market to capitalize on.
Upturn SWOT Analysis
Strengths
- Proprietary thermal management technology
- Expertise in extreme environment applications
- Strong partnerships with industry leaders
- Innovative solutions for battery safety
- Relatively large patent portfolio
Weaknesses
- Small market capitalization
- Limited financial resources
- Dependence on key partnerships
- Limited brand recognition
- High reliance on a small customer base
Opportunities
- Growing demand for battery safety solutions
- Expansion into new markets (e.g., data centers)
- Increasing regulatory scrutiny of battery safety
- Partnerships with major EV manufacturers
- Government incentives for clean energy technologies
Threats
- Competition from larger, established players
- Fluctuations in raw material prices
- Technological obsolescence
- Economic downturns impacting key markets
- Supply chain disruptions
Competitors and Market Share
Key Competitors
- TE Connectivity (TEL)
- Aavid Thermalloy (Private)
- Boyd Corporation (Private)
Competitive Landscape
KULR competes with larger, established players but differentiates itself with its proprietary carbon fiber technology and focus on specialized applications. Its advantages include innovation and agility, while its disadvantages include limited resources and brand recognition.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is marked by rapid revenue expansion from a small base, driven by key partnerships and product launches.
Future Projections: Future growth is projected to be strong, driven by increasing demand for battery safety and thermal management solutions. Analyst estimates vary but generally forecast significant revenue growth.
Recent Initiatives: Recent initiatives include expanding product offerings, securing new partnerships, and pursuing strategic acquisitions.
Summary
KULR Technology Group is a small company with innovative thermal management solutions, particularly focused on battery safety. While revenue is growing and strategic partnerships are being formed, the company faces challenges related to profitability and competition from larger players. Strong regulatory tailwinds regarding battery safety and strategic focus on high-growth markets are promising. Consistent financial performance and establishing a larger market share remain key to long-term success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Company Website
- Industry Reports
- Analyst Estimates
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Financial data is subject to change and should be verified with official company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About KULR Technology Group Inc
Exchange NYSE MKT | Headquaters Webster, TX, United States | ||
IPO Launch date 2018-07-18 | Co-Founder, Chairman & CEO Mr. Michael Mo | ||
Sector Technology | Industry Electronic Components | Full time employees 52 | Website https://kulr.ai |
Full time employees 52 | Website https://kulr.ai |
KULR Technology Group, Inc., through its subsidiary, KULR Technology Corporation, develops and commercializes thermal management technologies for electronics, batteries, and other components applications in the United States. It provides lithium-ion battery thermal runaway shields; automated battery cell screening and test systems; safeCASE; fiber thermal interface materials; phase change material heat sinks; internal short circuit devices; and CRUX cathodes, as well as AI-powered robotic exoskeletons for U.S. Workforce. The company's technologies are used in electric vehicles, energy storage, battery recycling transportation, cloud computing, and 5G communication devices. It sells its products for applications, such as lithium-ion battery energy storage, electric vehicles, 5G communication, cloud computer infrastructure, consumer, and industrial devices. The company was formerly known as KT High-Tech Marketing Inc. and changed its name to KULR Technology Group, Inc. in August 2018. The company was founded in 2013 and is headquartered in Webster, Texas.

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