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Nauticus Robotics (KITT)
NASDAQ:KITT
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Nauticus Robotics
(NASDAQ:KITT)
35Underperform
Nauticus Robotics (KITT) vs. S&P 500 (SPY)
Market Cap
$36.91M
Dividend YieldN/A
Average Volume (3M)2.29M
Price to Earnings (P/E)―
Beta (1Y)1.49
Revenue Growth-72.64%
EPS Growth30.43%
CountryUS
Employees47
SectorIndustrials
Sector Strength78
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-32.65
Shares Outstanding35,154,438
10 Day Avg. Volume4,553,268
30 Day Avg. Volume2,294,592
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.00
Price to Cash Flow (P/CF)0.00
P/FCF Ratio0.00
Enterprise Value/Market Cap1.31
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit-9.08
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 | ||||
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 6.61M | 11.43M | 8.59M | 3.99M | 5.82M | Gross Profit |
| -5.32M | -428.90K | 1.74M | -65.55K | -1.11M | EBIT |
| -55.10M | -18.38M | -6.52M | -8.74M | -9.64M | EBITDA |
| -44.87M | -24.03M | -4.55M | -8.34M | -9.28M | Net Income Common Stockholders |
| -50.69M | -9.91B | -17.45M | -8.87M | -9.34M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 753.40K | 22.75M | 20.95M | 3.30M | 5.26M | Total Assets |
| 26.15M | 52.60M | 25.17M | 5.33M | 8.34M | Total Debt |
| 32.42M | 16.42M | 28.78M | 4.64M | 1.96M | Net Debt |
| 31.66M | -1.37M | 7.83M | 1.34M | -2.30M | Total Liabilities |
| 67.94M | 52.58M | 31.78M | 6.76M | 3.00M | Stockholders Equity |
| -41.79M | 27.82K | -6.61M | -1.43M | 5.35M |
| Cash Flow | Free Cash Flow | |||
| -33.32M | -51.52M | -6.85M | -4.50M | -8.79M | Operating Cash Flow |
| -21.69M | -37.27M | -5.92M | -4.50M | -8.40M | Investing Cash Flow |
| -6.59M | -19.21M | -922.49K | 996.48K | 10.49M | Financing Cash Flow |
| 11.25M | 53.32M | 24.50M | 2.54M | 0.00 |
Nauticus Robotics Technical Analysis
Positive
1.05
Price Trends
1.04
Positive
1.42
Negative
1.59
Negative
Market Momentum
>-0.01
Negative
50.79
Neutral
33.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KITT, the sentiment is Positive. The current price of 1.05 is above the 20-day moving average (MA) of 0.99, above the 50-day MA of 1.04, and below the 200-day MA of 1.59, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 50.79 is Neutral, neither overbought nor oversold. The STOCH value of 33.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | $4.28B | 11.80 | 5.30% | 250.74% | 4.12% | -9.02% | |
53 Neutral | $1.06B | ― | -25.68% | ― | 10.72% | 16.19% | |
49 Neutral | $5.10B | ― | -95.88% | ― | ― | 17.43% | |
42 Neutral | $28.92M | ― | -114.28% | ― | -21.64% | 86.28% | |
38 Underperform | $9.73M | ― | 688.16% | ― | -31.56% | 94.00% | |
35 Underperform | $36.91M | ― | 153.01% | ― | -72.64% | 30.43% | |
25 Underperform | $290.02M | ― | 115.25% | ― | ― | 23.26% |
* Industrials Sector Average
Performance Comparison
KITT
Nauticus Robotics
1.05
-5.37
-83.64%
MNTS
Momentus
1.85
-5.72
-75.56%
EVTL
Vertical Aerospace
4.03
-3.74
-48.13%
ACHR
Archer Aviation
9.29
5.33
134.60%
PL
Planet Labs PBC
3.51
1.62
85.71%
SIDU
Sidus Space, Inc. Class A
1.62
-1.59
-49.53%
Nauticus Robotics Earnings Call Summary
Earnings Call Date:Apr 15, 2025
(Q4-2024)
| % Change Since: 0.00%|
Next Earnings Date:May 19, 2025
Earnings Call Sentiment Neutral
Nauticus Robotics demonstrated significant progress in transitioning to commercial operations and expanding market opportunities, despite financial challenges and a revenue decline. The company's strategic acquisitions and technological advancements position it well for future growth.Q4-2024 Updates
Positive Updates
Transition to Commercial Operations
2024 marked Nauticus Robotics' shift from a research and development company to a commercial revenue-generating organization. This includes the inaugural offshore operations for the Aquanaut vehicle.
ToolKITT Software Expansion
Successful confirmation of ToolKITT software operation on SeaTrepid ROVs, opening sales to ROV operators for the first time.
Launch of Autonomous Manipulators
Development of the Olympic Arm variant for the Aquanaut vehicle, making it the first autonomous underwater vehicle with autonomous manipulators.
Successful Acquisition of SeaTrepid
The acquisition provides access to a broader customer base and reduces customer concentration, aiding the transition to commercial operations.
Government Sector Breakthrough
Signing an alliance with Leidos to address challenges in the defense sector, offering longer lead times and greater stability than commercial contracts.
Positive Financial Developments
Successful deleveraging of the balance sheet and regaining NASDAQ compliance. The company is in a strong position to continue commercialization efforts in 2025.
Strong Offshore Market Prospects
2025 is shaping up to be one of the busiest offshore markets, with firm contracts and significant demand for the company's autonomous technology.
Negative Updates
Revenue Decline
2024 revenue decreased by $4.8 million from the previous year, largely due to a reduction in government contracts.
Restatement of Financials
Restatement of 2024 financial statements due to a correction of accounting treatment for a complex Q1 2024 debt transaction.
Significant Net Loss
Net loss for 2024 was $134.9 million, an increase of $84.2 million from the previous year, primarily due to a $127.6 million loss on extinguishment of debt.
Company Guidance
In the Nauticus Robotics 2024 Q4 and Full Year Earnings Conference Call, the company provided guidance indicating a significant transformation from a research and development entity to a commercial revenue-generating company. For 2025, Nauticus anticipates substantial revenue growth, projecting over $16 million, with potential upside if additional assets are deployed. The company highlighted the successful commercial operations of the Aquanaut vehicle, which generated revenue for the first time in 2024, despite a decline in total revenue to $1.8 million due to reduced government contracts. Operating expenses were reduced by $36.8 million, leading to an adjusted net loss improvement of $8.2 million. Nauticus also emphasized the acquisition of SeaTrepid as a strategic move to enhance offshore operations, leveraging existing customer relationships to reduce customer concentration and expand market reach. The company plans to capitalize on a robust offshore market in 2025, driven by increased demand for subsea services, with the Aquanaut expected to play a pivotal role in reducing operational costs through autonomy.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.