KULR Technology

KULR Technology Group sold roughly 764 bitcoin in open‑market transactions between August 20 and last Friday at a weighted average price of about $76,633, grossing roughly $58.6 million; according to an SEC filing the company no longer holds any bitcoin. The compensation committee approved the grant of 200,000 time‑based Restricted Stock Units to CFO Michael Kimel, vesting over four years in eight semiannual installments, with the first tranche payable December 6, 2026. KULR also reported weak Q2‑2026 results: adjusted loss of $0.47 per share (expectation -$0.08) and revenue of $2.08 million (expectation $9 million), and shows negative free cash flow of about $46 million over the last twelve months. » Mere på de.investing.com

KULR Technology Group’s stock rose about 4.3% after the announcement of two leadership decisions. Dr. Michael Kimel has been appointed chief financial officer and is resigning his board seat; he brings more than 30 years of experience in financial strategy. Steven Perez joins the board of directors as an independent member; both appointments take effect on June 9, 2026. » Mere på de.investing.com

KULR Technology has appointed Dr. Michael Kimel as chief financial officer with immediate effect; he resigned from the board of directors upon the appointment. Steven Perez was also appointed as an independent board member. Kimel brings more than 30 years of experience in financial strategy and cost optimization; the company recently reported a negative gross margin of -0.78%, but analysts expect a return to profitability this year, according to InvestingPro. » Mere på de.investing.com