reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure. [https://nauticusrobotics.com/]Cautionary Language Regarding Forward- Looking StatementsThis press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as p ...

Core Insights - Redwire Corporation is transitioning from a space manufacturing firm to a critical infrastructure vendor, with stock trading in the $11-$12 range and showing bullish signals through insider buying [2][6][7] - The company reported a revenue of $103.4 million in Q3 2025, a 50.7% year-over-year increase, and has a backlog of $355.6 million, indicating sustained revenue growth [6] - Ondas Holdings is experiencing rapid growth with a 582% increase in revenue to $10.1 million in Q3 2025, driven by demand in the defense sector [10][12] - Nauticus Robotics is undergoing a turnaround, recently achieving deep-sea testing success, which has opened commercial opportunities with major energy companies [14][16] Company Summaries Redwire Corporation - Redwire has pivoted to become a hybrid defense player, acquiring Edge Autonomy to supply unmanned aerial systems to defense clients [7] - The company's space division continues to thrive with Roll-Out Solar Arrays (ROSA), essential for the International Space Station [8] - Insider buying from executives suggests confidence in the stock's undervaluation [2][5] Ondas Holdings - Ondas specializes in autonomous drone technology and has seen significant interest from institutional traders, indicated by a 142% spike in unusual call options activity [9] - The Iron Drone system has gained traction due to rising demand in conflict zones, expanding Ondas's market reach [12] - The company is positioned for high-velocity growth, despite potential stock volatility [12] Nauticus Robotics - Nauticus is focused on replacing traditional offshore energy ships with autonomous robots, recently achieving a critical milestone with its Aquanaut robot [13][14] - The company has restructured its debt and formed a partnership with Forum Energy Technologies to enhance its manufacturing capabilities [16] - The stock is viewed as a high-risk, high-reward investment opportunity, with potential for significant price appreciation [16] Industry Trends - There is a notable capital rotation towards frontier robotics, emphasizing the value of tangible industrial technology over consumer gadgets [17] - Companies like Redwire, Ondas, and Nauticus are building essential infrastructure for the next generation of the global economy, focusing on sectors with high barriers to entry [17][18] - The frontier robotics sector is showing signs of maturity, with bullish data signals indicating potential for growth in 2026 [18]

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]

Nauticus Robotics Conference Call Summary Company Overview - **Company**: Nauticus Robotics - **Ticker Symbol**: KITT - **Industry**: Autonomous underwater drones (AUD) for ocean industries including offshore oil and gas, wind power, and defense - **Core Technology**: Electric-powered robots that enhance safety, efficiency, and precision while reducing carbon emissions for customers [1][2] Key Points and Arguments Leadership and Team - John Gibson, CEO, has extensive experience in technology and the oil and gas sector, transitioning Nauticus from R&D to a commercial focus [4][5][9] - The team has been restructured to prioritize customer needs and commercial operations, moving from a research-centric approach to delivering high-end technology [9][10] Product Overview - **Flagship Product**: Aquanaut, equipped with 22 sensors for various underwater tasks, including pipeline identification and leak observation [12][13] - **Software**: ToolKITT, designed to be platform-agnostic and facilitate multi-agent operations [27][28] - **Manipulator**: Olympic Arm, transitioning from hydraulic to electric for environmental reasons and enhanced autonomy [33][34] Market Position and Trends - Nauticus Robotics is positioned as a pure play in the AUD market, competing with larger companies like Saab, Saipem, and Oceaneering [18][20] - The addressable market is expanding due to the demand for smaller vessels, which can reduce carbon emissions by 75% or more [21][22] - The company aims to eliminate the need for large vessels, significantly cutting operational costs and carbon emissions [23][24] Growth Potential - The market for autonomous underwater drones is still in its early stages, with significant growth potential as traditional ROVs are replaced [24][26] - Thousands of vehicles are expected to be manufactured over the next five to ten years, with Nauticus aiming to be a leading player [26] Financial Strategy - The company is shifting towards a capital-light, royalty-based model, focusing on partnerships for manufacturing and software as a service [38][39] - The acquisition of SeaTrepid has enhanced Nauticus's sales capabilities and reduced the time to market for contracts with major clients [40][41] Risks and Challenges - Being a small public company competing against larger firms poses risks, particularly in market adoption rates for autonomous technology [44][46] - The company emphasizes the importance of collaboration within the industry to accelerate market adoption [45][46] Future Outlook - Key signposts for investors include software release dates, vessel-less operations announcements, and ongoing testing of the Aquanaut [47][48] - The company anticipates significant financial milestones by 2026, with a focus on execution over promotion [52][53] Additional Important Information - Nauticus Robotics has demonstrated a commitment to environmental sustainability while also focusing on cost savings for clients [35][36] - The company is actively working on improving operational efficiency and reducing non-productive time, which can lead to substantial cost reductions for customers [37][38]

Core Insights - Nauticus Robotics, Inc. is a leading innovator in autonomous subsea robotics and software solutions [1] Company Summary - Nauticus Robotics, Inc. is publicly traded on NASDAQ under the ticker symbol KITT [1] - The company has announced its partnership with Subnero Pte Ltd, indicating a strategic collaboration in the subsea robotics sector [1]

Financial Data and Key Metrics Changes - Service revenue for Q2 2025 was over $2,000,000, more than four times the prior year period, with total revenue for the quarter recognized at $2,100,000, up $1,600,000 year-over-year [6][10] - Operating expenses for the quarter were $8,400,000, an increase of $2,400,000 sequentially and $1,900,000 from Q2 2024 [11] - Net loss for the quarter was $7,400,000, a decrease of $100,000 sequentially but an increase of $12,000,000 from Q1 2024 [11][12] - Cash at the end of Q2 2025 was $2,700,000, down from $10,100,000 last quarter, primarily due to the acquisition of SeaTrepid and cash used in operations [12] Business Line Data and Key Metrics Changes - The acquisition of SeaTrepid significantly contributed to revenue growth and service capacity, expanding the customer base to nine clients [6][10] - The company completed more commercial revenue in Q2 than all of 2024 combined, diversifying its client base across offshore oil and gas, offshore wind, and commercial offshore government markets [16][21] Market Data and Key Metrics Changes - In offshore wind, the company is executing a major project in the Northeast U.S., while the oil and gas sector remains robust, allowing the company to capture demand where it is strongest [22][23] - The company is close to signing a multi-month contract with a super major oil company, which is expected to provide off-season revenue and improve earnings visibility into 2026 [23] Company Strategy and Development Direction - The company aims to drive service revenue with an expanded fleet, scale autonomy products like Aquanaut and Toolkit, and convert inbound interest into long-term recurring contracts [8] - The focus remains on disciplined cost control and prioritizing value-added activities that enhance profitability and support long-term growth [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong operational results for Q3, with expectations of sequential revenue growth over Q2 [14][23] - The company is optimistic about the upcoming testing of the Aquanaut system and the potential for significant revenue growth in the second half of 2025 [66] Other Important Information - The company is actively working on diversifying its supplier base to mitigate risks associated with extended lead times for components [32] - Management highlighted the importance of customer satisfaction and operational success as key focuses moving forward [60] Q&A Session Summary Question: How does the company approach different growth areas and opportunity sets? - The company prioritizes opportunities based on which sector generates the highest margin, while ensuring asset utilization to avoid idle time [39][42] Question: Has there been any change in discussions related to carbon capture and sequestration? - While there is excitement around carbon capture, the company is still in early stages and does not forecast immediate revenue from this area [44][46] Question: Are there implications for the aquatic drone market related to recent drone dominance discussions? - There is significant interest in the underwater defense market, and the company is excited about its strategic alliance with Leidos to explore these opportunities [49] Question: Is the SeaTrepid acquisition fully paid off? - The acquisition is not fully paid off, with another cash payment due in September and an earn-out based on performance yet to be determined [53] Question: What is the outlook for revenue projections for 2025? - Revenue projections are slightly softer than anticipated due to delays in equipment deployment, but the company remains focused on scaling service revenue and software opportunities [56][57] Question: How does the company view its cash position moving forward? - The cash position is considered secure, with strong lender support, and the company aims to minimize debt while increasing revenues and margins [60][61]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $200,000, down $300,000 sequentially and down $300,000 from the same quarter last year [9] - Operating expenses for the quarter were $6,000,000, flat from Q1 2024 and down $500,000 sequentially [9] - Net loss for the quarter was $7,600,000, a decrease of $76,900,000 sequentially and a decrease of $65,300,000 from Q1 2024 [10] - Cash at the end of Q1 2025 was $10,100,000 compared to $1,200,000 at the end of 2024 [10] Business Line Data and Key Metrics Changes - The integration of Ctripod has positively impacted revenue recognition and operational scale [6][8] - The company is focusing on maximizing utilization and margins while diversifying its customer base [14] Market Data and Key Metrics Changes - The offshore energy market is experiencing a surge, with Nauticus positioned at the center of it [18] - Demand for autonomous solutions is increasing, driven by a shift towards smarter, safer, and lower emissions operations [18] Company Strategy and Development Direction - The company aims to execute with precision, scale with discipline, and deliver on the promise of autonomy in subsea operations [33] - Nauticus is focusing on high-impact sectors like deepwater energy, offshore infrastructure, and defense [21] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing backlog and pipeline, indicating a transformative year ahead [33] - The decline in oil prices may create opportunities for Nauticus to displace incumbents and attract new customers [37] Other Important Information - The company has reduced debt and associated interest by $3,000,000 [8] - The integration of Ctripod is expected to unlock meaningful customer relationships and accelerate technology deployment [32] Q&A Session Summary Question: What is the impact of declining oil prices on consumer demand for vehicles? - Management believes that declining oil prices may create opportunities to attract customers seeking more efficient solutions [37] Question: How does the company plan to bridge Q1 revenue to the full year outlook of $16,000,000? - Management indicated a strong pipeline with proposals covering $60,000,000, with a significant portion tied to day rate work [41] Question: How confident is the company in achieving the $16,000,000 revenue target? - Management expressed cautious optimism, noting that about three-fourths of the revenue would come from asset utilization and a quarter from software sales [51] Question: What is the status of the partnership with Leidos? - Management highlighted the importance of the partnership and its potential value to the maritime and defense sectors, but could not discuss exit strategies [59]

Financial Data and Key Metrics Changes - Revenue for Q1 2025 was $200,000, down $300,000 sequentially and down $300,000 from the same quarter last year [8] - Operating expenses for the quarter were $6,000,000, flat from Q1 2024 and down $500,000 sequentially [9] - Net loss for the quarter was $7,600,000, a decrease of $76,900,000 sequentially and a decrease of $65,300,000 from Q1 2024 [10] - Cash at the end of Q1 2025 was $10,100,000 compared to $1,200,000 at the end of 2024 [10] Business Line Data and Key Metrics Changes - The integration of Ctripod has positively impacted revenue recognition and operational scale [5][7] - The company is focusing on maximizing utilization and margins through existing contracts and new opportunities [14] Market Data and Key Metrics Changes - The offshore energy market is experiencing a surge, with Nauticus positioned at the center of it [18] - Demand for autonomous solutions is increasing, driven by a shift towards smarter, safer, and lower emissions operations [18] Company Strategy and Development Direction - The company aims to execute with precision, scale with discipline, and deliver on the promise of autonomy in subsea operations [32] - Nauticus is focusing on diversifying its customer base and reducing customer concentration [23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing backlog and pipeline, indicating a transformative year ahead [32] - The company is confident in its ability to deliver strong results despite market fluctuations [55] Other Important Information - The company has made significant progress in integrating Ctripod and expanding its operational capacity [31] - Nauticus is developing a capital deployment strategy and seeking manufacturing partnerships to scale production of the Aquanaut fleet [29] Q&A Session Summary Question: Impact of declining oil prices on consumer demand - Management noted that declining oil prices could create opportunities to displace incumbents and stimulate demand for more efficient solutions [35][37] Question: Bridging Q1 revenue to full year outlook - Management highlighted a strong pipeline with proposals covering $60,000,000, with a mix of day rate work and software sales contributing to the $16,000,000 revenue outlook for 2025 [39][41] Question: Confidence in the $16,000,000 revenue target and software sales breakdown - Management indicated that approximately three-fourths of the revenue would come from asset utilization, while a quarter would be from software sales and proposals [51][55] Question: Leidos partnership and potential exit strategy - Management expressed excitement about the partnership with Leidos but refrained from discussing exit strategies, focusing instead on the commercial pipeline [59]

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]

As filed with the U.S. Securities and Exchange Commission on September 1, 2023 Registration No. 333-273752 NAUTICUS ROBOTICS, INC. (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Delaware 3569 85-1699753 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identifi ...