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Earnings Call Summary | KULR Technology(KULR.US) Q1 2024 Earnings Conference

Earnings Call Summary | KULR Technology(KULR.US) Q1 2024 Earnings Conference

業績電話會議摘要 | KULR 科技 (KULR.US) 2024 年第一季度業績會議
moomoo AI ·  05/18 11:46  · 電話會議

The following is a summary of the KULR Technology Group, Inc. (KULR) Q1 2024 Earnings Call Transcript:

以下是KULR科技集團有限公司(KULR)2024年第一季度業績電話會議記錄摘要:

Financial Performance:

財務業績:

  • KULR Technology Group reported Q1 2024 revenue of $1.8 million, with service revenue seeing substantial growth of 769% as compared to the same quarter last year.

  • Product revenue saw a decrease due to order delays.

  • The gross margin fell to 29% from the previous year's 37% due to non-corresponding expenses for a significant project.

  • The company was able to reduce operating expenses by 25% compared to Q1 2023.

  • The company's financial position remains strong with over $3 million in hand.

  • KULR科技集團報告稱,2024年第一季度收入爲180萬美元,服務收入與去年同期相比大幅增長769%。

  • 由於訂單延遲,產品收入有所下降。

  • 由於一個重大項目的非相應費用,毛利率從去年的37%降至29%。

  • 與2023年第一季度相比,該公司得以將運營費用減少25%。

  • 該公司的財務狀況仍然強勁,手頭資金超過300萬美元。

Business Progress:

業務進展:

  • KULR achieved substantial growth in its KULR ONE design solutions business and reduced its operational expenses.

  • AI-based tools have been introduced for efficient testing and data analysis and the SafeCASE product has obtained permission for battery shipping for recycling.

  • New customers increased in Q1 2024 compared to Q1 2023.

  • Infrastructure for KULR ONE design solutions has been consolidated in Webster, Texas.

  • The new Texas facility will be fully operational in Q3 of this year, promising a substantial increase in revenue from testing services.

  • Progress includes repaying the prepaid advance note, significant partnerships with prestigious companies like SpaceX and Blue Origin, launching an online marketplace for direct orders, and expansion in capacity with a larger facility.

  • KULR的KULR ONE設計解決方案業務實現了大幅增長,並降低了運營開支。

  • 已經引入了基於人工智能的工具來進行高效的測試和數據分析,SafeCase產品已獲得回收電池運輸許可。

  • 與 2023 年第一季度相比,2024 年第一季度的新客戶有所增加。

  • KULR ONE 設計解決方案的基礎設施已整合到德克薩斯州的韋伯斯特。

  • 得克薩斯州的新工廠將於今年第三季度全面投入運營,有望大幅增加測試服務的收入。

  • 進展包括償還預付預付款,與SpaceX和Blue Origin等知名公司建立重要合作伙伴關係,推出在線直接訂單市場,以及通過更大的設施擴大產能。

More details: KULR Technology IR

更多詳情: KULR 紅外科技

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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