HOUSTON, June 5, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ: KITT), a leading innovator in autonomous subsea robotics and software solutions, today announced a strategic collaboration with Open Ocean Robotics, a pioneer in uncrewed surface vehicles (USVs) that enable safe, cost-effective, and environmentally sustainable ocean monitoring. Together, the companies aim to deliver cutting-edge technologies that will redefine how the energy sector approaches subsea asset management.The collaboration bri ...

Nauticus Robotics (KITT) Q1 2025 Earnings Call May 15, 2025 11:00 AM ET Company Participants Kristin Moorman - VP - Corporate Development & AdministrationJohn Gibson - President & CEOVictoria Hay - Principal Accounting Officer & Interim CFODaniel Dehart - VP - Field OperationsSteve Walsh - VP - SalesJason Close - VP - Autonomous Software SolutionsAmeen Albadri - VP - Hardware EngineeringKunal Madhukar - Managing Director Conference Call Participants None - Analyst Operator Good day, ladies and gentlemen, an ...

Nauticus Robotics (KITT) Q1 2025 Earnings Call May 15, 2025 11:00 AM ET Speaker0 Good day, ladies and gentlemen, and welcome to the Nauticus Robotics twenty twenty five Q1 Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question and answer session. Please press the star followed by the number two. This call is being recorded on Thursday, 05/15/2025. I would now like to turn the conference over to Christine Morman. Please go ahead. Spea ...

Core Insights - Nauticus Robotics, Inc. reported a strategic acquisition of SeaTrepid International LLC, enhancing operational capabilities and accelerating the deployment of its autonomy software, ToolKITT [2][3] - The company aims to exceed its full-year 2024 revenue during the first half of 2025, driven by strong momentum in the offshore season [2] - Nauticus's financial results for Q1 2025 showed a revenue of $0.2 million, a decrease from $0.5 million in the same period last year [7] Strategic Acquisition - The acquisition of SeaTrepid for $14.4 million included substantially all assets and select liabilities, positioning Nauticus for innovation and scale in subsea robotics [3] - The integration of SeaTrepid's ROV fleet with Nauticus's autonomy software is expected to unlock new commercial opportunities in the offshore services market [3][14] Operational Milestones - Nauticus launched the 2025 Gulf Coast offshore season with significant activity, including advancements in next-generation technology and electric manipulators designed for ROVs and Aquanaut vehicles [4][5] - The company is preparing a commercial-ready release of software for work-class ROVs, indicating progress in its technological capabilities [4] Customer Demand and Market Outlook - The market response to Nauticus's expanded service offerings has been positive, with customers showing increased openness to autonomous solutions [6] - The company is well-positioned for a standout 2025, with strong demand and innovative products [6] Financial Highlights - Nauticus reported an adjusted net loss of $6.6 million for Q1 2025, compared to $6.4 million in the same period last year [10] - The net loss for the first quarter was $7.6 million, significantly improved from a net loss of $72.8 million in Q1 2024 [11] - Operating expenses totaled $6.0 million, reflecting a slight increase from the prior-year period [9] Balance Sheet and Liquidity - As of March 31, 2025, Nauticus had cash and cash equivalents of $10.1 million, a significant increase from $1.2 million at the end of 2024 [12] - The company raised $19.4 million through At The Market offerings, issuing nearly 7.5 million shares [12]

FORM 10-Q (Mark One) x QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-40611 NAUTICUS ROBOTICS, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Exact name of registrant as specified in its charter) Delaware 85-1699753 (State ...

Company Overview - Nauticus Robotics, Inc. develops autonomous robots for ocean industries, utilizing sensors, artificial intelligence, and algorithms for adaptability in changing environments [3] - The company's business model includes providing robotic systems for services, selling vehicles and components, and licensing software to commercial and defense sectors [3] - Nauticus is testing and certifying a new generation of vehicles aimed at reducing operational costs and gathering data for subsea infrastructure maintenance [3] Financial Results Announcement - Nauticus plans to host its first quarter financial and operating results call for the period ended March 31, 2025, on May 15, 2025, at 10:00 am Central Time [1] - Participants can join the earnings conference call by dialing a toll-free number or accessing a listen-only webcast [2]

Core Insights - Nauticus Robotics, Inc. is actively participating in multiple key industry conferences in May 2025, showcasing its innovations in autonomous subsea robotics and software solutions [1][4]. Conference Participation - At the Offshore Technology Conference (OTC) on May 8, 2025, Nauticus will present a paper on the Aquanaut® vehicle, detailing its transition from design to commercial viability [2]. - Nauticus' Chief Technology Officer, JD Yamokoski, will be part of a panel discussion at the DeepStar Technology Symposium on May 9, 2025, focusing on robotics for digital twin data acquisition [3]. - The company's President and CEO, John Gibson, will participate in a panel at the Louisiana Energy Conference (LEC) on May 27, 2025, discussing offshore supply vessels and marine services [4]. Company Overview - Nauticus Robotics develops autonomous robots for ocean industries, utilizing sensors, artificial intelligence, and algorithms for effective decision-making in changing environments [5]. - The company's business model includes providing robotic services, selling vehicles and components, and licensing software to both commercial and defense sectors [5]. - Nauticus is focused on reducing operational costs and environmental impact while enhancing safety and efficiency in subsea operations through its innovative technologies [5].

Core Insights - Nauticus Robotics, Inc. has commenced its 2025 offshore season with significant contracts in both oil and gas and offshore wind industries [1][2] - The company is leveraging its autonomous robotic systems to enhance operational efficiency and safety in subsea environments [3] Group 1: Offshore Operations - The first ROV is contracted for a minimum of 120 days to support oil and gas drill operations in the Gulf Coast [1] - A second ROV has completed mobilization for the offshore wind industry and is transitioning to the Gulf Coast for further operations [2] Group 2: Technology and Innovation - Nauticus Robotics focuses on developing autonomous robots that utilize sensors, AI, and algorithms for effective decision-making in changing environments [3] - The company is testing a new generation of vehicles aimed at reducing operational costs and improving data collection for subsea infrastructure [3] Group 3: Business Model and Market Strategy - Nauticus' business model includes service provision, vehicle sales, and software licensing across commercial and defense sectors [3] - The combination of ROVs and Aquanaut vehicles on a single vessel is expected to expand Nauticus' customer base and strengthen existing relationships [2]

Nauticus Robotics, Inc. (KITT) Q4 2024 Earnings Conference Call April 16, 2025 10:00 AM ET Company Participants Conference Call Operator - Call OperatorKristen Mullins - Corporate Development and Administration LeaderJohn Gibson - CEO and PresidentVicki Hay - Interim CFODaniel Dahart - Field Operations LeaderSteve Walsh - Sales LeaderBob Crist - Founder, SeaTrepid Conference Call Participants Kunal Madakar - Analyst, Water Tower ResearchPaul Edstrom - Analyst Conference Call Operator Good morning, ladies an ...

Financial Data and Key Metrics Changes - Revenue for 2024 was $1.8 million, down $4.8 million from 2023, primarily due to a reduction in government contracts [24][25] - Operating expenses for the year were $24.9 million, which is a $36.8 million improvement from 2023 [25] - Net loss for the year was $134.9 million, an increase of $84.2 million from the previous year, mainly due to a $127.6 million loss on extinguishment of debt [27] - Adjusted net loss for the year was $26.1 million, compared to $34.3 million for the prior year, showing an $8.2 million improvement [28] - Cash at the end of 2024 was $1.2 million, compared to $0.7 million at the end of 2023 [29] Business Line Data and Key Metrics Changes - The company recognized revenue for commercial operations of the Aquanaut vehicle for the first time in its history [25] - The acquisition of C-Trepid is expected to provide a significant backlog of work and reduce customer concentration [14][34] Market Data and Key Metrics Changes - The offshore market is experiencing a resurgence, with stable oil prices and increased long-term investments in infrastructure [73][76] - The company anticipates 2025 to be one of the busiest offshore markets in the past decade, with strong demand for its services [45] Company Strategy and Development Direction - The company is transitioning from a research and development focus to a commercial revenue-generating model [8] - Plans for 2025 include leveraging lessons learned from the inaugural offshore operations and enhancing the capabilities of the Aquanaut vehicle [10][36] - The government contracting side is expected to provide stability and larger upside compared to seasonal commercial contracts [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the upcoming offshore season, citing eagerness from customers to adopt autonomous technology [12][13] - The company has cured its noncompliance issues with NASDAQ and is focused on securing necessary cash for 2025 [22][17] - Management expects significant revenue growth in 2025, projecting revenues greater than $16 million [59] Other Important Information - The company filed restated financial statements due to a correction in accounting treatment for a complex debt transaction [19] - The acquisition of SeaTrepid is seen as a game-changer, providing access to a broader group of early adopters [14] Q&A Session Summary Question: What is the potential revenue for 2025? - Management is confident that revenue will be significantly higher than 2024, projecting greater than $16 million [59] Question: What differentiates the company's autonomous underwater vehicles from competitors? - The company has a leadership position in manipulators for autonomous underwater vehicles, offering unique capabilities such as untethered operation and depth capabilities of 3,000 meters [61][62] Question: What are the capital requirements for the business? - The company is exploring non-dilutive approaches to bring in capital for additional assets based on demand, with potential revenue generation of $6 to $8 million per season per asset [66][69] Question: What market dynamics are contributing to a strong offshore season? - Stable oil prices and long-term investment commitments in offshore platforms are driving demand, along with regulatory inspections and decommissioning activities [73][76]