KULR Technology Group, Inc.

Analysis for Ticker: KULR

KULR Technology Group Inc is a company that develops carbon-fiber parts to manage heat in lithium-ion batteries and prevent them from exploding for space missions like the Mars Rover and for AI data centers. The business is a financial nightmare that spent 43,8$ million to generate only 16,17$ million in revenue which means it burns more than double what it earns just to stay open. Because the core technology cannot pay the bills the company survives by printing millions of new shares and selling them to the public while the managers use the proceeds to gamble on Bitcoin and supercars instead of fixing the business. This is like a child who sells lemonade for ten cents but spends one dollar on candy for every cup he sells and then asks his neighbors to pay for his candy habit by buying worthless drawings of the lemonade stand.