Overview
- KULR, which held its earnings call Wednesday, reported a 2025 net loss of about $62 million driven mostly by a non‑cash $13.8 million Bitcoin mark and a $6.9 million write‑off, while keeping a treasury of about 1,082 Bitcoins.
- Revenue rose 51% to $16.1 million in 2025, and battery platform revenue of $7.3 million now serves as the baseline for growth in 2026.
- The 2026 plan centers on the KULR ONE Air line for autonomous systems such as drones and robots, with a goal to approach 10,000 packs per month in the second half of the year.
- Telecom battery production with partner Caban is already underway, and management describes AI data‑center revenue as a later opportunity after 2026 certification and integration work.
- To improve margins, management plans an automated production line in the second half of 2026 and a Texas consolidation in the second quarter to cut unit costs and speed output.