KULR releases Q3 financial report: revenue reaches $6.88 million, up 116% year-on-year

Jinse Finance reported that KULR Technology Group (NYSE American: KULR) released its Q3 2025 financial report, with revenue reaching $6.88 million, a year-on-year increase of 116%, and product sales growing by 112% to $1.62 million. During the same period, the company announced the launch of the KULR ONE Air battery product line for drone systems in cooperation with Amprius and Molicel, established a 3.3 MW bitcoin mining hosting partnership with Soluna Holdings, and introduced six new CubeSat batteries and a next-generation battery management system. Despite significant revenue growth, the company's gross margin dropped from 71% in the same period last year to 9%, and the net loss for the third quarter was $6.97 million, mainly due to one-time impairment charges and credit losses on accounts receivable.