KULR Technology reports Q1 EPS (4c), consensus (2c)

Reports Q1 revenue $1.75M, consensus $4.54M. KULR Chief Financial Officer Shawn Canter noted, “While the first quarter presented some unanticipated revenue challenges, management continues to see customer demand for KULR products and services. Our end markets are growing, and we are expanding our customer bases in both the products and services sides of the business. Our focus is on KULR’s long term growth trends. These metrics are positive support of those trends.” Regarding capital allocation and costs, Canter indicated, “We are constantly examining how we allocate capital. We are focused on investing in growth while staying lean. We have made significant strides in improving our balance sheet and continue to reduce our costs where we see opportunities to do so.”