Core Viewpoint - Nauticus Robotics, Inc. is progressing towards record-breaking revenue and technological milestones in 2025, with a focus on combining traditional ROV work with autonomous capabilities through the integration with SeaTrepid [1][3]. Company Developments - Nauticus ROVs completed projects for six different customers in the second quarter, supporting the wind industry along the U.S. East Coast and the energy sector along the U.S. Gulf Coast [2]. - The third quarter of 2025 will see the initiation of revenue generation from the Aquanaut® vehicle, marking a significant step in the company's deployment of its flagship underwater vehicle [2]. - The Aquanaut® vehicle is expected to execute projects at ultra deepwater depths of up to 2,200 meters by the end of summer 2025, which will be its first revenue-generating operation at these depths [4]. Market Position and Customer Engagement - The year-over-year reduction in customer concentration indicates strong growth in market adoption and diversification for Nauticus [3]. - Current and new customer discussions confirm market acceptance of Nauticus' combined offering of ROV and Aquanaut® vehicle, with customers eager to see the Aquanaut® in action [3]. - The second half of 2025 is anticipated to increase excitement and exposure for Nauticus' offerings, with promising discussions ongoing with customers [4]. Technological Innovation - Nauticus Robotics develops autonomous robots for ocean industries, utilizing sensors, artificial intelligence, and effective algorithms for perception and decision-making [6]. - The company is testing and certifying a new generation of vehicles aimed at reducing operational costs and improving data collection for subsea infrastructure maintenance [6]. - Nauticus' approach includes retrofitting traditional ROV operations and developing technology products for third-party vehicle platforms, enhancing operational efficiency and reducing environmental impact [6].

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]

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 ...