Investors that took a position in KULR Technology Group (NYSE-AMER: KULR) the first trading day in October should be happy. Shares are higher by more than 84%. But, while indeed impressive, those gains are enjoyed by investors late to the KULR party. Those savvy enough to find KULR stock on the first trading day of 2021 are watching their stock soar by more than 167%.
And believe it or not, there's better news- in the first half of November, KULR stock is higher by 33%. Thus, virtually every investor in KULR stock since the start of the year is enjoying substantial gains. In fact, with a 52-week high of $3.81, aside from perhaps a brief intraday decline, there's nowhere to hide from the increases. In short, KULR investors have been in the right stock at the right time. Moreover, the trend is decidedly bullish in Q4 and heading into 2022.
How well is KULR doing? In a word- exceptional.
Revenue Growth Surges By 300%
In fact, earlier this week, KULR reported a 300% surge in comparative revenues. And not only were they higher by triple-digit-percentages but they also come with commercialization traction in each of its core business segments. In addition, within its earnings commentary, KULR highlighted making significant investments in all business segments resulting in a ramp of new partnerships and product development initiatives.
In addition, those paying attention see KULR doing business in the right markets at the right time, with an intense acceleration of its investment resources placed into new technology developments, including smart battery platforms, battery cell screen testing automation, and fast charging battery architectures. Not only are those markets very much in play, but expect KULR to make substantial progress to further embed itself into the aerospace and defense businesses, which have been a core contributor to the company's success.
Better still, recent partnerships with Clarios and Retriev Technologies are expediting its go-to-market strategy and at the same time adding diversification and additional revenue-generating channels to its business development capabilities. Also, in addition to those partnerships, KULR is accruing value from its recently received special permits from the U.S. Department of Transportation ("DoT"). Those hard-to-get permits authorize the transportation of damaged, defective, and recalled ("DDR") lithium-ion cells, batteries, or lithium metal cells contained in or packed with KULR's proprietary Thermal Runaway Shield ("TRS") packaging. And there's still more to like. In fact, from an investor's perspective, it might be better said as there's far more to appreciate. (pun intended)
After all, KULR has not shown signs of slowing down. If anything, they have gone from hyper-growth to warp speed in creating sustainable shareholder value. And KULR appears far from reaching its ultimate goal of providing total battery safety solutions for more efficient battery systems, increased sustainability, and end-of-life battery management. But, for investors, that's excellent news since it puts more milestones reached in the path toward bottom-line profitability.
Perhaps best of all, with roughly $11 million in cash at the end of Q3, KULR looks to be in its strongest position financially and operationally in its history to grow its business and execute its near-term objectives. Those objectives, by the way, tend to deliver milestones. And when those milestones are reached, they often turn into catalysts. So, while 2021 has been an excellent YTD and Q4 expecting to finish the year strong, 2022 is set up to be a transformational period.
A Tremendous Q3 That Adds Sustainable Value
They got a massive boost to that objective in Q3. Frankly, KULR did in Q3 what many small caps can't get done in a year. First, they attracted investor attention, receiving approximately $6.5 million of cash in October and November 2021 from the exercise of warrants to purchase an aggregate of 2,600,000 shares. And from capital strength comes partnerships.
In the quarter, KULR partnered with Heritage Battery Recycling ("HBR") to provide safe transportation of HBR's battery collection operations across North America through its KULR-Tech Safe Case. That deal is expected to become an enormous value driver with HBR, through its sister companies, maintaining access to over 100,000 customer locations, 2,500 employees, and a fleet of over 1,300 power units and 108 facility locations across North America.
Even better, KULR expanded services already in place with Heritage Battery Recycling due to HBR's merger with Retriev Technologies, a deal that created the largest lithium-ion battery recycler in North America. Now, in addition to the existing e-bike and scooter customer programs, KULR will extend value-enhancing services to provide safe transportation logistics to Retriev's battery collection operations in North America.
KULR's deal with Clarios, the largest global producer of lead-acid batteries, is also impressive. It's a potentially massive revenue-generating project that partners the two in the U.S. Department of Energy lithium-ion battery life cycle initiative to develop processes to safely manage and reuse lithium-ion batteries and their chemical elements in the U.S. Specifically, KULR intends to provide safe transportation of lithium-ion batteries within the entire battery management life cycle, from manufacturing through recycling and reuse.
Also, big news for revenue creation was KULR earning a special permit from the DoT authorizing the transportation of DDR lithium-ion cells, batteries, or lithium metal cells contained in or packed with KULR's proprietary TRS packaging. They also received authorization for expanded battery coverage to the existing DoT special permit, which in short, upgraded the current special permit to expand KULR's scope of opportunity, and revenue generation, by authorizing KULR to transport reused, refurbished, and retrofitted batteries for recycling.
Of course, the best news came when KULR capped off a transformational Q3 by celebrating its uplisting to the NYSE American Exchange and ringing the closing bell at the New York Stock Exchange. Indeed, while that uplist boosted the stock's credibility and attracted a new class of investors, it should be noted that it came well-deserved. KULR is in pristine operating condition and developing best-in-class battery safety solutions targeting a broad, diversified sector reach.
And a "who's who" in business and industry is paying attention.
KULR Attracts Industry Giants
If the adage a business is as good as the company it keeps, KULR is doing well. Really well. In fact, they are working with NASA and its Perseverance Mars 2020 Rover, Andretti Enterprises, Leidos (NYSE: LDOS), Lockheed Martin (NYSE: LMT), and Marshall Space Center. And those blue-chip names are only a small representation of its global customer list.
Other big names and agencies are also turning to KULR for its state-of-the-art thermal management technologies. Why? Because KULR has created next-generation battery safety solutions that make batteries cooler, more efficient, safer, and lighter for usage. Most importantly, KULR technology mitigates the risk of fire and explosion in these lithium-ion batteries. That's pretty important when taking equipment to Mars or driving a family across town in a shiny electric vehicle.
And supporting that growing client list is a more critical metric- revenue growth. Its Q3 announced on Monday was preceded by a Q2 that reported a 212% surge in comparative revenues and left KULR with its highest cash on hand totals in its history. And as expected, that cash hasn't sat idle. It helped create an even better Q3 by accelerating partnerships and agreements made earlier in 2021.
The better news- don't expect a slowdown. KULR is primed to take advantage of opportunities created from a lithium-ion battery market expected to grow into a $116 billion opportunity by 2030. And with an expected 12% AGR, it will easily double by 2040. Moreover, battery safety will remain a vital part of the conversation, especially with lithium-ion batteries becoming more powerful housed in significantly smaller packages. Power without a relief mechanism can be disastrous. Hence, expect the volume to get louder for safety as the industry grows.
Remember, too. An entire market is in KULR's technology crosshairs. So, don't only think of NASA when considering what's in play. Everything from power tools to hypersonic missiles will need KULR technology or some form of it. But, with multiple patents protecting its technology, there won't be much of the "some form of it" from other players. KULR should remain the ultimate go-to company for all things lithium batteries.
Leader Of The Pack
And being the primary resource has its advantages. It likely helped KULR close a deal to develop a battery cell screening and automated testing system for its Department of Defense and Aerospace customers. Those clients want to extend strategic battery reserves and implement safety thermal runway technology to reduce the risk of fire and explosion. There, KULR's independence is apparent, intending to build this project from the ground up through a campaign to build an open-source flight control system. The test pilot system is expected to be finished in the first half of 2022, with the company anticipating processing up to 1.2 million 18650 and 21700 cylindrical battery cells per year.
Another high-profile gig is KULR intending to show that its carbon-fiber technology can do more than make lithium-ion battery technology safer and faster. They expect to show that its carbon-fiber technology will enable lithium-ion batteries to charge faster and last 20 times longer than before. Updates on these programs could be imminent. Again, milestones reached can turn into catalysts.
Oh, it would be remiss to neglect a potential deal that could make KULR a likely billion-dollar company in relatively short order. In a presentation, KULR noted that the FAA is evaluating its battery-safety system and technology for in-flight use on aircraft. Undoubtedly, the FAA recommending KULR technology makes sense, especially since it is not cost-prohibitive and can be added to existing fleet. It also follows the FAA mandate to ensure the safety of passengers and cargo. If approved and ordered for aircraft, the trajectory of KULR growth could steepen to a straight line up. And knowing what KULR technology can do from a safety perspective, don't underestimate the resolve of the FAA to require implementation of the technology.
All Systems Go For KULR
Indeed, while investors may be patting themselves on the back for finding KULR stock ahead of its 167% YTD run, new investors likely won't be left behind from a potential next leg higher. And with KULR earning the business and attention from multiple industry giants, the next move higher could come sooner than even the most boisterous bulls expect. Moreover, with an impressive balance sheet to support its innovative technology, the bullish proposition is stronger than ever.
Furthermore, this article didn't even cover the potential created through a development deal with Andretti Technologies to co-market valuable EV battery technology. Nor did it mention the alluded to conversations with a global consumer products maker to integrate KULR's battery safety solutions into potentially millions of products. For now, those can be considered the "what if" value kickers. But, with that said, one of those deals coming to fruition can add exponential value. Hitting on both would likely take KULR from micro-cap status to large-cap almost overnight.
Thus, while there's time to celebrate KULR's recent gains, several potential near-term catalysts in play before the end of the year could make the celebration now a precursor of a blowout extravaganza later next year. It's okay to join both. The only requirement would be to stay long KULR stock, which looks to be a very wise consideration from all indicators.
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