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KULR Technology ( KULR -2.92% ) , a provider of energy storage solutions, saw its stock rally about 1,610% over the past two months. It had been languishing as a penny stock since early 2023, but it abruptly skyrocketed and transformed into a hypergrowth stock after it secured new contracts, regained compliance with the NYSE American's listing standards, and made a big Bitcoin purchase to launch its own Bitcoin treasury. But should you buy, sell, or hold KULR's stock after that breathtaking rally? Let's review its business model, growth rates, valuations, and potential catalysts to decide. What does KULR Technology do? KULR develops energy storage solutions for the aerospace and defense industries. Its integrated products dissipate the heat of lithium-ion batteries with thermal interface materials, lightweight heat exchangers, and other safeguards against runaway heating. Its solutions can be customized across a wide range of power and electronic configurations, which makes them ideal for tiny spaces with size and weight limitations. KULR was founded in 2013, and it initially developed fiber-based thermal management technologies for NASA and other aerospace applications. Those heat-dissipating technologies became the foundation of its current business, and it went public as an over-the-counter (OTC) stock in 2018 before being uplisted to the New York Stock Exchange in 2021. How fast has KULR been growing? KULR's revenue rose 285% to $2.4 million in 2021, 66% to $4 million in 2022, and 146% to $9.8 million in 2023. That expansion was driven by its growing list of partners and customers, which includes SpaceX, Tesla , Meta Platforms , Boeing , and General Motors . Over the past three months, KULR expanded its existing U.S. Army battery contract, signed a new high-temperature battery-testing contract with the U.S. Navy, won a defense contract for a major missile program, and announced a plan to launch its KULR ONE Space (K1S) battery to a satellite via SpaceX's rideshare program in 2026. Analysts expect KULR's revenue to only grow 4% to $10.2 million in 2024, but they expect that figure to grow at a two-year compound annual growth rate (CAGR) of 123% to $50.8 million in 2026 as it recognizes more revenue from its contracts. They also expect it to narrow its net losses and squeeze out a net profit of $2.9 million in 2026. As KULR scales up its business, it plans to spend 90% of its surplus cash on Bitcoin purchases to build up a Bitcoin treasury. It recently made its first purchase of 217.18 Bitcoins for $21 million at an average price of $96,556.53. That strategy seems similar to MicroStrategy 's Bitcoin buying frenzy over the past four years, but MicroStrategy holds a lot more Bitcoin ($11.9 billion) as of Nov. 10 with a much lower average purchase price of $42,692. Can KULR justify its meme stock valuations? The bulls claim that KULR has carved out a defensible niche and can continue to scale up its energy solutions business as it accumulates more Bitcoin. The bears will point out that with an enterprise value of $1.15 billion, KULR is overvalued at 115 times this year's sales and 23 times its projected sales for 2026. They'll also point out KULR has increased its number of shares by 164% over the past five years, yet its insiders sold more than 50% as many shares as they sold over the past 12 months. They also didn't buy a single share over the past three months. So for now, KULR looks more like a meme stock than a sustainable growth stock. It's generating quite a buzz with its thermal technology, expanding customer base, and Bitcoin purchases, but it simply isn't bringing in enough revenue to support its sky-high valuations. Therefore, it's smarter to sell KULR's stock than to buy a new position or hold it in anticipation of bigger gains.‘YOU’RE PART OF THE PROBLEM’: Bill Maher blasts Neil deGrasse Tyson in trans debateThe Dune: Prophecy finale, Netflix’s Dragon Prince, and more new TV this week
NoneMINNEAPOLIS -- The Minnesota Timberwolves delayed their game against the San Antonio Spurs by one hour Sunday night due to an issue with the court at Target Center. The Timberwolves announced the decision about three hours before the originally scheduled tipoff time. The Spurs discovered the problem during their morning shootaround, Timberwolves spokesman Patrick Rees said. The team decided to delay the game so arena staff had enough time to install the replacement court that had to be delivered from elsewhere. The Timberwolves have played at Target Center since 1990.
GROVE CITY, Pa., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Fast Casual Concepts, Inc. (OTC: FCCI) (“Company”) announces it is acquiring 100% of CK Distribution . CK Distribution is a wholesale and retail distributor of nonalcoholic mixers throughout the State of Florida. The acquisition is the first step towards a new business direction of Fast Casual Concepts, Inc. Prior to this acquisition, the Company underwent a 1 for 4 reverse stock split and the total remaining common shares outstanding are 26,112,754. Management intends to provide the shareholders with the best opportunities possible and the board of directors believes that this acquisition will position the Company well for future growth and opportunity. George Athanasiadis, CEO of Fast Casual Concepts, Inc. stated, “This acquisition is an exciting new opportunity, and I believe we have an opportunity for rapid growth in a very lucrative market.” About CK Distribution: CK Distribution sells nonalcoholic mixers through wholesale and retail channels. Some of CK Distributions’ products can be found at www.7sinsmixes.com . Forward-Looking Statements: This press release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934. Except for historical matters contained herein, statements made in this press release are forward-looking statements. Without limiting the generality of the foregoing, words such as “may”, “will”, “to”, “plan”, “expect”, “believe”, “anticipate”, “intend”, “could”, “would”, “estimate,” or “continue”, or the negative other variations thereof or comparable terminology are intended to identify forward-looking statements. Forward-looking statements involve known and unknown risk, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date hereof. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with OTC Markets. Except as required by law, we assume no obligation to update these forward-looking statements publicly or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Contact: Office Administrator +1 727-692-3348 info@fastcasualconceptsinc.com fastcasualconceptsinc.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/02bf8f3e-0b1a-4d39-8d56-2412ac31e9deTransfer: Mourinho begs Cristiano Ronaldo to join Fenerbahce3 Browns players are in the top-10 of 2024 Pro Bowl voting | Sporting News
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EL SEGUNDO, Calif. (AP) — Los Angeles Chargers running back J.K Dobbins is unlikely to play against the Atlanta Falcons this week because of a knee injury. Dobbins was hurt in the first half of the Chargers’ 30-23 loss to the Baltimore Ravens on Monday night. He had six carries for 40 yards and three catches for 19 yards before leaving the game. Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.Biden Issues 39 Pardons and Historical Sentence Commutes
SAN DIEGO (AP) — Mark Few liked what he saw unfold at San Diego State's Viejas Arena when his No. 3 Gonzaga Bulldogs made their first foray outside of Spokane, Washington, this season. Read this article for free: Already have an account? To continue reading, please subscribe: * SAN DIEGO (AP) — Mark Few liked what he saw unfold at San Diego State's Viejas Arena when his No. 3 Gonzaga Bulldogs made their first foray outside of Spokane, Washington, this season. Read unlimited articles for free today: Already have an account? SAN DIEGO (AP) — Mark Few liked what he saw unfold at San Diego State’s Viejas Arena when his No. 3 Gonzaga Bulldogs made their first foray outside of Spokane, Washington, this season. A double-digit victory in a packed, loud arena. Toughness from a deep, experienced lineup that once again is driven to win an elusive national championship. And, peeking a few seasons ahead, he saw an SDSU team that he views more as a future Pac-12 partner than rival. Behind big man Graham Ike and guard Ryan Nembhard, Gonzaga displayed its size, speed and strength in beating Brian Dutcher’s young, hobbled squad 80-67 on Monday night. The Bulldogs returned the favor after SDSU won 84-74 last December at The Kennel in Spokane, which ended their 59-game nonconference winning streak. Both teams reached the Sweet Sixteen last season. Gonzaga is the only team in the nation to reach the Sweet Sixteen the last nine seasons as the Bulldogs extended their streak of NCAA Tournament appearances to 25 straight. Back in Spokane on Wednesday night, the Zags improved to 5-0 by routing Long Beach State 84-41, no doubt firing up expectations in the Lilac City and beyond. In a college sports climate dominated by NIL and the transfer portal, the Zags are stacked. Of the 12 possible players who could return from last year, 10 did, including all four starters. They returned 81% of last season’s scoring and 71% of their rebounding. Six of its top seven scorers are back, along with 81.4% of minutes played. “We’re tougher,” Few said. “We’re physically tougher, we’re mentally tougher, at least so far in the season. A lot of the same guys from last year. That’s what happens when you stick around a couple of years. “You’ve got to have both to be able to go on the road in a place like this and dig out wins,” Few added. “That’s one thing San Diego State is going to bring. They’re going to bring physicality, they’re going to bring great athleticism, they’re going to challenge you in every facet of the game.” Hoops powerhouse Gonzaga announced on Oct. 1 that it will move from the West Coast Conference, where it has dominated for most of the last quarter-century, into a Pac-12 conference being rebuilt around football. Beginning with the 2026-27 academic year, Gonzaga will become the eighth member along with holdovers Washington State and Oregon State, and fellow newcomers Boise State, San Diego State, Fresno State, Utah State and Colorado State from the Mountain West. While not as dominant as the Zags, the Aztecs have been one of the West Coast’s best programs for several years, first under Steve Fisher and then Dutcher, his longtime assistant who is in his eighth season as head coach. “They’re just going to be such a great partner, because they value basketball and they support basketball,” said Few, who’s in his 26th season as head coach. “They understand, when you have a national program like we both have, it pays unbelievable dividends to the university, to the community, to the city and the state, like the Northwest and down here. They get that. We’re looking for other like-minded places to partner with us.” Few said he would often chat with Fisher about the possibility of the Zags and Aztecs playing in the same conference. Fisher watches Aztecs games with his wife, Angie, from the second row above Steve Fisher Court. “We talked about it forever,” Few said. “I’m happy for Dutch. He’s doing a great job.” Winnipeg Jets Game Days On Winnipeg Jets game days, hockey writers Mike McIntyre and Ken Wiebe send news, notes and quotes from the morning skate, as well as injury updates and lineup decisions. Arrives a few hours prior to puck drop. San Diego State reached its first Final Four in 2023, when Lamont Butler’s thrilling buzzer-beater against Florida Atlantic lifted the Aztecs into the national championship game, where they lost 76-59 to UConn. SDSU was routed again by UConn, 82-52, in last season’s Sweet Sixteen, while Gonzaga lost to Purdue. Gonzaga opened this season with a 101-63 win against then-No. 8 Baylor at the Spokane Arena. It was Gonzaga’s biggest victory margin over a top-10 opponent, over a team it lost to in the 2021 national title game in Indianapolis. Nembhard, who had 19 points and 10 assists against the Aztecs, said the Zags “did a really good job, actually,” of handling the pressure of playing at Viejas Arena. “Every time they went on a little run and the crowd got loud, we did a good job staying composed and trusting our offensive sets.” Nembhard will be gone when the Bulldogs and Aztecs are in the Pac-12 together, but thinks “the rivalry will be great. This is a great program. I played them a couple of times at Creighton, and they always gave us a tough game. They have a great fan base, a great coach over there, and they play really hard. I think it’ll be a great rivalry to come.” ___ Get poll alerts and updates on the AP Top 25 throughout the season. Sign up here. AP college basketball: https://apnews.com/hub/ap-top-25-college-basketball-poll and https://apnews.com/hub/college-basketball Advertisement Advertisement
Maarlab and Paraty Tech Take Off Together at Fitur 2025 to Change the Game 12-13-2024 10:40 PM CET | Business, Economy, Finances, Banking & Insurance Press release from: Getnews / PR Agency: Notorial Image: https://www.globalnewslines.com/uploads/2024/12/1734099168.jpg The two companies have sealed a collaboration agreement to revolutionize the rules of hotel marketing once and for all, unveiling an innovative and disruptive proposal at Fitur 2025. The upcoming edition of Fitur, to be held at IFEMA from January 22 to 26, 2025, has been chosen as the stage for Maarlab [ https://maarlab.com/ ] and Paraty Tech [ https://www.paratytech.com/ ] to premiere their new business model. This groundbreaking approach aims to transform a critical area of direct hotel sales. Maarlab, as a tour operator and technology developer, brings a proprietary solution that forms the core of this agreement. The solution will integrate with Paraty Tech's booking engine, which boasts over 12 years of experience working closely with hotels, creating a powerful synergy to enhance direct hotel sales. "If we've joined forces with Maarlab, it's because we're convinced that the destination we're heading towards with this collaboration is truly revolutionary. We know that many hotels will benefit greatly from this solution," says Gina Matheis, CEO of Paraty Tech. Similarly, Raul Dominguez, CEO of Maarlab, states: "At Maarlab, our mission is to boost the digital competitiveness of establishments through useful and effective solutions. This partnership with Paraty Tech is key to driving our objectives on an international level". Fitur TechY: Where It All Comes Together Maarlab and Paraty Tech have designed an extensive program of activities to launch their innovative proposal on a grand stage like Fitur. Maarlab, as a sponsor of the TechYdestino forum, has invited Paraty Tech to act as moderator and other key industry players to participate in a panel discussion. This session will explore the challenges local tourism businesses face in transforming destinations through technology. Paraty Tech, a regular exhibitor at Fitur, will also moderate a session in the adjacent TechYnegocio forum. This panel will focus on direct sales strategies expected to trend in 2025, featuring prominent international hoteliers. For the first time, Paraty Tech's stand (8D15) will include a dedicated space for various activities during the first three days of the event. These include talks and interviews, one of which will be an informal conversation between Raul and Gina discussing this new model and its impact on the commercial strategies of numerous hotels and hotel chains worldwide. Fitur is packed with new developments, and both technology companies are clear that this will be the starting point for a 2025 in which the tourism industry will embrace this innovative direct sales standard. Media Contact Company Name: Paraty Hoteles SLU Contact Person: Press Office Email: Send Email [ http://www.universalpressrelease.com/?pr=maarlab-and-paraty-tech-take-off-together-at-fitur-2025-to-change-the-game ] Country: Spain Website: https://www.paratytech.com/ This release was published on openPR.
Pet passports for dogs, cats and ferrets to travel within UK ‘an outrage’
