KULR Technology set to join Russell 3000 Index in June

HOUSTON - KULR Technology Group, Inc. (NYSE American: KULR), a company engaged in sustainable energy management solutions, has announced its upcoming inclusion in the Russell 3000® Index, effective after the U.S. market opens on June 30, 2025. This inclusion comes as the company demonstrates remarkable market performance, with InvestingPro data showing a 225% return over the past year and a market capitalization of $338 million. This inclusion is part of the annual reconstitution of the Russell indexes, which captures the 4,000 largest U.S. stocks ranked by total market capitalization as of April 30.

The inclusion in the Russell 3000® Index guarantees KULR’s automatic presence in either the large-cap Russell 1000® or small-cap Russell 2000® Index, as well as in the corresponding growth and value style indexes. According to InvestingPro analysis, KULR maintains strong financial flexibility with a current ratio of 9.19, indicating robust short-term liquidity. FTSE Russell, the global index provider, primarily uses objective market-capitalization rankings and style attributes to determine membership. InvestingPro subscribers can access 8 additional key insights about KULR’s financial health and market position.

Michael Mo, CEO of KULR, expressed pride in the company’s inclusion in the Russell indexes, highlighting it as an important milestone in KULR’s growth and as a means to potentially improve visibility and liquidity among institutional investors.

FTSE Russell, owned by London Stock Exchange Group, is recognized for its comprehensive benchmarking, analytics, and data solutions. The Russell indexes are commonly utilized by investment managers and institutional investors for index funds and as benchmarks for various investment strategies. As of June 2024, approximately $10.6 trillion in assets were benchmarked against Russell U.S. indexes. Fiona Bassett, CEO of FTSE Russell, emphasized the importance of accurately recalibrating the Russell U.S. Indexes to reflect the evolving U.S. economy.

KULR Technology Group Inc. specializes in delivering advanced energy storage systems for space, aerospace, and defense applications, leveraging its expertise in battery design, testing, fabrication, and production. The company has shown promising revenue growth of 16.47% in the last twelve months, with analysts forecasting continued sales growth. In a significant strategic move, the company announced on December 4, 2024, that it would begin including bitcoin as a primary asset in its treasury program, committing up to 90% of its surplus cash to bitcoin acquisition. For detailed analysis and comprehensive valuation metrics, investors can access KULR’s full Research Report on InvestingPro, which is part of their coverage of over 1,400 U.S. stocks.

This move to join the Russell 3000® Index is based on a press release statement from KULR Technology Group, Inc. and reflects the company’s evolving status in the market.

In other recent news, KULR Technology Group reported its first-quarter 2025 earnings, revealing a revenue of $2.4 million, which fell short of the forecasted $3 million. The company’s earnings per share (EPS) also came in below expectations at -0.02 USD. Despite a 40% year-over-year revenue increase driven by product sales and new revenue streams from Bitcoin mining, the shortfall in revenue forecasts has raised concerns among investors. KULR has expanded its Bitcoin Treasury with a $9 million purchase, increasing its holdings to 800.3 BTC, valued at $78 million. This move is part of KULR’s ongoing Bitcoin Treasury Strategy, which aims to allocate a significant portion of its surplus cash reserves to Bitcoin. The company maintains a strong cash balance of $24 million and no material financial debt. KULR is also expanding its presence in the AI and robotics markets, supported by strategic partnerships and facility expansions. The firm continues to focus on enhancing shareholder value through disciplined financial management and strategic growth initiatives.

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