KULR Technology

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. » More on 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. » More on de.investing.com

KULR has appointed Ben Frank (Microsoft) and Mike Kimel (Pricimetrics) to its board and has reduced the board to three members, with two independent directors forming the majority. The restructuring and the appointment of a special advisor are intended to strengthen pricing discipline, capital allocation, cost control and operational pacing to reduce SG&A costs by 2026. KULR is struggling with profitability issues (gross margin -8.4%, EPS -1.56) despite 50.6% revenue growth to $16.2 million; the balance sheet shows a current ratio of 4.07 and InvestingPro rates the stock as undervalued at a $111.85 million market capitalization. » More on de.investing.com