Yesterday, KULR his a milestone in trading volume,
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Posted On: 06/11/2020 1:36:20 PM
Yesterday, KULR his a milestone in trading volume, posting it's highest daily volume since inception in July 2018. Although trading volume is still quite thin with liquidity risk still an issue, volume has picked up these days. According to my calculations, KULR's average daily volume since inception is 900 shares/day (on the dot) corresponding to a volume weighted average price (VWAP) of $1.59/share. Yesterday, KULR closed with 34,896 shares traded with a VWAP of $1.25.
On November 4, 2019, KULR's CEO stated , "To date, we have experienced lumpiness in revenues, which is largely attributed to a lengthy product development cycle in which revenue earned can be inconsistent and dependent on stage of product development. We expect our recent work with commercial partners will lead to future growth into 2020 as we are well-positioned to convert our development partnerships into volume production customers."
On April 13, 2020, KULR announced it's first consumer-facing customer acquisition licensing its technology to Americase , a leader in providing battery packaging solutions for the electronics industry.
Although COVID-19 has impacted the Company's progress (as stated in their last 10K filing), it will be interesting to see what balance of product development partnerships KULR converts into customers during the balance of 2020.
Today, KULR released an updated June 2020 investor presentation. Take a look to see the lay of the land. You can find it here .
On November 4, 2019, KULR's CEO stated , "To date, we have experienced lumpiness in revenues, which is largely attributed to a lengthy product development cycle in which revenue earned can be inconsistent and dependent on stage of product development. We expect our recent work with commercial partners will lead to future growth into 2020 as we are well-positioned to convert our development partnerships into volume production customers."
On April 13, 2020, KULR announced it's first consumer-facing customer acquisition licensing its technology to Americase , a leader in providing battery packaging solutions for the electronics industry.
Although COVID-19 has impacted the Company's progress (as stated in their last 10K filing), it will be interesting to see what balance of product development partnerships KULR converts into customers during the balance of 2020.
Today, KULR released an updated June 2020 investor presentation. Take a look to see the lay of the land. You can find it here .
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