Nauticus Robotics Announces Results for the Third Quarter of 2025

Core Insights - Nauticus Robotics reported a breakthrough quarter with significant advancements in its ROV and Aquanaut programs, highlighting the strength of its technology and execution [2][3] - The integration of Nauticus ToolKITT on third-party vehicles has been successful, enhancing autonomous navigation capabilities [3][6] - Customer demand is increasing, with plans for demonstrations and customer engagement at the company's facility [5][6] Financial Highlights - Revenue for the third quarter was $2.0 million, a substantial increase from $0.4 million in the same period last year, but slightly down from $2.1 million in the previous quarter [7] - Operating expenses totaled $7.9 million, reflecting a $1.9 million increase year-over-year but a $0.6 million decrease from the prior quarter [7] - The adjusted net loss for the third quarter was $6.8 million, compared to $6.4 million in the same period last year and $7.4 million in the previous quarter [8] Balance Sheet and Liquidity - As of September 30, 2025, the company had cash and cash equivalents of $5.5 million, up from $2.7 million as of June 30, 2025 [10] - Total assets increased to $42.8 million from $22.7 million at the end of the previous year [17] Operational Milestones - The first Aquanaut robot completed ultra-deepwater testing down to 2,300 meters, marking a significant achievement in the company's testing capabilities [14] - The second Aquanaut robot is set to begin testing new capabilities for the 2026 offshore season [14]