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Nauticus Robotics (KITT)
NASDAQ:KITT
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Nauticus Robotics
(NASDAQ:KITT)
Rating:35Underperform
Price Target:
$1.00
▲( 7.53% Upside)
Nauticus Robotics (KITT) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$34.44M
Dividend YieldN/A
Average Volume (3M)2.34M
Price to Earnings (P/E)―
Beta (1Y)1.57
Revenue Growth-64.51%
EPS Growth7.09%
CountryUS
Employees47
SectorIndustrials
Sector Strength92
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.28
Shares Outstanding37,060,090
10 Day Avg. Volume1,460,456
30 Day Avg. Volume2,343,394
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)-0.09
Price to Sales (P/S)0.00
P/FCF Ratio-0.86
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Nauticus Robotics Business Overview & Revenue Model
Company DescriptionNauticus Robotics, Inc. develops and offers ocean robotic solutions and cloud software to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut, which is used for non-industrial and government applications. It also provides Olympic Arm, an all-electric, work-class manipulator that allows perception-driven decision making for semi-autonomous tasking; ToolKITT software suite, which is a multi-layered, multi-tool, software platform that operates various ocean robotic vehicles through navigational guidance, vehicle, and manipulator control, as well as perception, planning, and execution of tasks; and Hydronaut, an optionally crewed autonomous surface vessel that supports the real-time operations of Aquanaut in long range and deep water commercial applications. The company was founded in 2014 and is based in Webster, Texas.
How the Company Makes MoneyNauticus Robotics generates revenue primarily through the sale and leasing of its robotic systems and associated software solutions. The company targets industries such as offshore energy, defense, and scientific research, where there is a growing demand for advanced underwater technology. Key revenue streams include direct sales of robotic platforms, subscription or licensing fees for software utilization, and service contracts for maintenance and support. Additionally, Nauticus Robotics may form strategic partnerships with industry leaders to enhance its market reach, as well as engage in joint ventures to develop specialized applications for its technology. These collaborations can provide additional revenue opportunities and contribute significantly to the company's earnings.
Nauticus Robotics Financial Statement Overview
Summary
Nauticus Robotics is facing substantial financial difficulties, with negative revenue growth, high leverage, and negative cash flow, indicating significant profitability and liquidity challenges.Income Statement
Nauticus Robotics has been experiencing declining revenue and profit margins. The TTM data shows a negative gross profit margin, net profit margin, and EBIT margin, indicating significant profitability issues. Revenue growth is negative over the past year, reflecting challenges in expanding sales.25
Negative
Balance Sheet
The company's balance sheet reveals high leverage with a negative equity position, as evidenced by the negative stockholders' equity and high debt levels. The debt-to-equity ratio is not calculable due to negative equity, presenting a risk of financial instability. The equity ratio is negative, highlighting a concerning capital structure.20
Very Negative
Cash Flow
Nauticus Robotics shows negative free cash flow and operating cash flow, indicating cash burn issues. The free cash flow growth rate is negative, and the operating cash flow to net income ratio is unfavorable, reflecting difficulties in generating sufficient cash from operations to cover losses.30
Negative
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 2.40M | 6.61M | 11.43M | 8.59M | 3.99M | 5.82M | Gross Profit |
| -10.33M | -5.32M | -428.90K | 1.74M | -65.55K | -1.11M | EBIT |
| -22.36M | -55.10M | -18.38M | -6.52M | -8.74M | -9.64M | EBITDA |
| -51.10M | -44.87M | -24.03M | -4.55M | -8.34M | -9.28M | Net Income Common Stockholders |
| -55.86M | -50.69M | -9.91B | -17.45M | -8.87M | -9.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 955.22K | 753.40K | 22.75M | 20.95M | 3.30M | 5.26M | Total Assets |
| 26.15M | 26.15M | 52.60M | 25.17M | 5.33M | 8.34M | Total Debt |
| 32.42M | 32.42M | 16.42M | 28.78M | 4.64M | 1.96M | Net Debt |
| 31.46M | 31.66M | -1.37M | 7.83M | 1.34M | -2.30M | Total Liabilities |
| 67.94M | 67.94M | 52.58M | 31.78M | 6.76M | 3.00M | Stockholders Equity |
| -41.79M | -41.79M | 27.82K | -6.61M | -1.43M | 5.35M |
| Cash Flow | Free Cash Flow | ||||
| -40.84M | -33.32M | -51.52M | -6.85M | -4.50M | -8.79M | Operating Cash Flow |
| -39.13M | -21.69M | -37.27M | -5.92M | -4.50M | -8.40M | Investing Cash Flow |
| -837.00K | -6.59M | -19.21M | -922.49K | 996.48K | 10.49M | Financing Cash Flow |
| 44.47M | 11.25M | 53.32M | 24.50M | 2.54M | 0.00 |
Nauticus Robotics Technical Analysis
Negative
0.93
Price Trends
1.02
Negative
1.40
Negative
1.41
Negative
Market Momentum
-0.02
Positive
43.52
Neutral
11.23
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KITT, the sentiment is Negative. The current price of 0.93 is below the 20-day moving average (MA) of 1.00, below the 50-day MA of 1.02, and below the 200-day MA of 1.41, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 43.52 is Neutral, neither overbought nor oversold. The STOCH value of 11.23 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KITT.
Nauticus Robotics Peers Comparison
Overall Rating
UnderperformOutperform
Sector (64)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | $4.39B | 11.81 | 5.20% | 249.38% | 3.96% | -12.36% | |
53 Neutral | $1.12B | ― | -25.68% | ― | 10.72% | 16.19% | |
49 Neutral | $5.81B | ― | -73.89% | ― | ― | 17.43% | |
38 Underperform | $9.08M | ― | 688.16% | ― | -46.28% | 93.33% | |
37 Underperform | $28.55M | ― | -109.05% | ― | -18.70% | 84.35% | |
35 Underperform | $34.44M | ― | 153.01% | ― | -64.51% | 7.09% | |
25 Underperform | $455.16M | ― | 115.25% | ― | ― | 23.26% |
* Industrials Sector Average
Performance Comparison
KITT
Nauticus Robotics
0.93
-4.65
-83.33%
MNTS
Momentus
1.64
-5.73
-77.75%
EVTL
Vertical Aerospace
5.38
-1.54
-22.25%
ACHR
Archer Aviation
10.59
7.39
230.94%
PL
Planet Labs PBC
3.68
1.84
100.00%
SIDU
Sidus Space, Inc. Class A
1.56
-1.36
-46.58%
Nauticus Robotics Earnings Call Summary
Earnings Call Date:May 14, 2025
(Q1-2025)
| % 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.Q1-2025 Updates
Positive Updates
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.
Negative Updates
Revenue Decline
Revenue for Q1 2025 was $0.2 million, down $0.3 million sequentially and from the same quarter last year.
Ongoing Net Losses
Despite improvements, Nauticus Robotics reported an adjusted net loss of $6.8 million for Q1 2025.
Seasonality and Timing Challenges
Q1 results reflected the seasonal nature of offshore work and the timing of the acquisition, affecting revenue generation.
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.Nauticus Robotics Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Nauticus Robotics Increases CEO Compensation Package
Positive
Apr 2, 2025
On March 27, 2025, Nauticus Robotics, Inc. announced a modification in the cash compensation for its CEO, John W. Gibson, Jr., increasing his base salary from $250,000 to $350,000 annually, effective March 29, 2025. Additionally, Mr. Gibson received a bonus for fiscal 2024 performance and a special retention bonus, highlighting the company’s commitment to retaining key leadership and potentially impacting its operational stability and strategic direction.
M&A TransactionsBusiness Operations and Strategy
Nauticus Robotics to Acquire SeaTrepid International
Positive
Mar 5, 2025
On March 5, 2025, Nauticus Robotics announced its intent to acquire SeaTrepid International, a provider of subsea robotic services, for $16 million. This strategic acquisition is expected to significantly enhance Nauticus’ market position by integrating its AI-driven autonomy software with SeaTrepid’s ROV fleet, potentially increasing the combined company’s revenue by nine times compared to standalone Nauticus in 2024. The acquisition is anticipated to drive operational synergies and unlock new service opportunities, benefiting both customers and shareholders.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.