4retire
2 days ago
Even though today stunk, Iβm very happy that the conference call was so telling yesterday. It told us that they were working diligently to improve the balance sheet at KULR. Revenues and gross profits improved greatly. The gross profit margin was a great improvement. Operational costs were down 38%. Kudos to them.
The sales/marketing approach is pristine. We aren't even in the first inning hereβ¦.we are just stepping onto the ball field. They have identified their target markets and have set themselves up to greatly succeed in their efforts. They are certified from DoD, NASA and other regulatory agencies. They have tested, made prototypes, and have qualified themselves to be bulwarks in the supply to the electrification, space, anti-vibration and other special requirements for these growing markets. I was especially pleased that we are gaining traction with the insurance industry concerning safe storage, transportation and use of lithium-ion batteries. Having the fire departments on our side will be very meaningful.
Anything under a dollar now will be a steal in a couple more quarters. GLTA