KULR sees 1Q revenue rocket 439% driven by new orders from military and aerospace customers
For the period ended March 31, 2021, the California-based company reported revenue of $417,905, compared to $77,500 in the first quarter of 2020
The company reported a cash balance of $6.2 million on March 31, 2021, and subsequently raised an additional $6.5 million in a preferred convertible financing deal
KULR Technology Group Inc (OTCQB:KULR) posted first-quarter results that saw its revenue jump 439% year-over-year on the back of new orders for products and engineering services from military and aerospace customers.
For the period ended March 31, 2021, the San Diego, California-based company reported revenue of $417,905, compared to $77,500 in the first quarter of 2020. The company chalked up the bump in revenue to “new orders received for products and engineering services for military and aerospace customers.”