KULR Technology Group stock dropped 13% on revenue miss, concerns about cryptocurrency ties.

From Yahoo Finance: 2025-05-16 16:36:00

KULR Technology Group stock dropped over 13% due to a revenue miss. Q1 revenue grew 40% to $2.45 million, but net loss increased to $18.8 million. Analysts expected $3 million in revenue. Losses were attributed to Bitcoin mining activities and higher expenses. Shareholders are concerned about the company’s financial ties to cryptocurrency.

CFO remains confident in BTC treasury strategy, despite losses. Motley Fool did not list KULR as one of the top 10 stocks to buy now. Stock Advisor boasts an average return of 967%, outperforming the S&P 500. Investors cautioned to review financial ties to Bitcoin before buying KULR stock.



Read more at Yahoo Finance: Why KULR Technology Group Stock Flopped on Friday