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Nauticus Robotics (KITT)
NASDAQ:KITT
Earnings Data
Report Date
Aug 08, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: -14.68%
|Next Earnings Date:Aug 08, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed view. While there were significant improvements in terms of reduced net losses and cash position, the company faced challenges with declining revenue and ongoing losses. The successful acquisition of SeaTrepid and expansion into new commercial opportunities provide a positive outlook for the future.Company Guidance
In the Nauticus Robotics 2025 Q1 Earnings Conference Call, the company provided several financial metrics and guidance for the year. For the first quarter of 2025, revenue was reported at $0.2 million, a decrease of $0.3 million both sequentially and compared to the same quarter last year. Operating expenses stood at $6 million, consistent with Q1 2024 but down $0.5 million sequentially. General and administrative costs were $4.3 million, reflecting a $0.9 million improvement compared to Q1 2024; however, they increased by $0.4 million sequentially due to nonrecurring professional fees. The net loss for the quarter was $7.6 million, which marked a significant reduction of $76.9 million sequentially and $65.3 million year-over-year, primarily due to a previous loss on the extinguishment of debt. The adjusted net loss was $6.8 million, slightly improved from Q4 2024. Cash reserves at the end of Q1 2025 were $10.1 million, a notable increase from $1.2 million at the end of 2024. Looking ahead, Nauticus is optimistic about a full quarter of operational revenue in Q2 2025, driven by the integration of SeaTrepid and the potential for growth in offshore contracts and autonomous technology demand.Successful Acquisition of SeaTrepid
The acquisition of SeaTrepid in March has marked a new chapter for Nauticus Robotics, expanding operational scale and commercial opportunities. Revenue from this acquisition started being recognized in Q1 2025.
Significant Reduction in Net Loss
Net loss for Q1 2025 was $7.6 million, showing a $76.9 million decrease sequentially and a $65.3 million decrease from Q1 2024 due to the loss on extinguishment of debt recognized in 2024.
Cash Position Improvement
Cash at the end of Q1 2025 was $10.1 million, up from $1.2 million at the end of 2024, primarily due to funding received through the aftermarket offering.
Expansion of Offshore Commercial Work
The integration of SeaTrepid and Nauticus has expanded the commercial forecast, with multiple scheduled inspection jobs and negotiations with new customers.
KITT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $1.09 | $1.01 | -7.34% |
Apr 15, 2025 | $1.05 | $1.02 | -2.86% |
Nov 12, 2024 | $1.30 | $1.14 | -12.31% |
Aug 14, 2024 | $2.52 | $2.08 | -17.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Nauticus Robotics (KITT) report earnings?
Nauticus Robotics (KITT) is schdueled to report earning on Aug 08, 2025, TBA Not Confirmed.
What is Nauticus Robotics (KITT) earnings time?
Nauticus Robotics (KITT) earnings time is at Aug 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KITT EPS forecast?
Currently, no data Available