KULR Technology Group, Inc. Q4 FY2021 Earnings Call

· Earnings call transcript and AI-powered summary

Key Financial Highlights
  • Q4 2021 Revenue: $766,000, a 267% increase compared to $208,000 in Q4 2020.
  • FY 2021 Revenue: $2.4 million, representing 287% growth compared to FY 2020 revenue of $624,000.
  • Ending Cash (FY2021): $14.9 million, up from $8.9 million at the end of FY2020.
  • Q4 2021 Net Loss: $4.1 million (or $0.04/share), up from $859,000 (or $0.01/share) in Q4 2020.
  • FY 2021 Net Loss: $11.8 million (or $0.15/share), compared to $2.9 million (or $0.03/share) in FY2020.
  • Operating Expenses: FY 2021 total of $12.9 million, up from $2.8 million in FY2020. Includes $4.2 million in non-cash stock compensation.
Operational and Strategic Highlights
  • New facility in San Diego is three times larger and supports expanded manufacturing and testing operations.
  • Launched several new products including:
    • KULR-Tech Safe Case – gaining traction in the battery recycling and transport sector.
    • CellCheck (cell screening automation system).
    • New battery architecture development.
  • Employee base has grown from 10 (Jan 2021) to 55 full-time employees, with 44 contract-based positions as of March 1, 2022.

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Operator: All right, everybody. Thanks so much for your patience and waiting on the line. We will now begin the KULR Technology Group Fourth quarter and Full Year 2021 Earnings Call for today, Thursday, March 17 2022. Let me give you an overview of the phone call. The call is going to consist of opening statements from Michael Mo, CEO, Keith Cochran, President and COO, and Simon Westbrook, CFO. The company will then answer questions from a group of analysts that have joined us today. But before we get this call started, I'm going to read the Safe Harbor statements. Many of you know the Safe Harbor statements can be found at the bottom of every press release, as well as on the filings for the company. Now statements on this call do not constitute an offer to sell or solicitation of offers to buy any securities of any entity. This call may contain certain forward-looking statements based on the company's current expectations, forecasts and assumptions that involve risks and uncertainties. Forward-looking statements made on this call are based on the information available to the company as of the date hereof. Actual results may differ materially from those stated or implied on this call. Now, if you want to learn more again, find the filings for the company on the SEC, as well as at the bottom of the press releases for the company. At this time. I would like to introduce Michael Moe to the call. Michael, the call is yours. Michael Mo: Yeah. Hey, thank you, Stuart. I appreciate a

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