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Nauticus Robotics (KITT)
NASDAQ:KITT
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Earnings Data
Report Date
Apr 01, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -30.00%
|Next Earnings Date:Apr 01, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant technological and operational achievements, particularly with the Aquanaut vehicle and ToolKITT software. However, these were offset by financial challenges, such as a decline in revenue and increased net loss. The company shows promise in its strategic initiatives but faces immediate financial pressures.Company Guidance
During the Nauticus Robotics 2024 Q3 earnings call, the company provided several key metrics and forward-looking guidance. The third quarter revenue was reported at $0.4 million, a decrease of $0.1 million from the previous quarter and down $1.2 million compared to Q3 of the prior year. Despite these figures, the company celebrated significant achievements, including the successful execution of Aquanaut's first commercial projects in the Gulf of Mexico. This milestone is anticipated to pave the way for increased business backlog in 2025. Operating expenses were reduced to $5.9 million, showing a $3.9 million improvement from the same period the previous year. The company also reported a net loss of $11.4 million for the quarter, a $6.3 million reduction from Q3 2023. In terms of financial strategy, Nauticus Robotics has initiated debt restructuring efforts, including converting debentures into preferred stock to comply with NASDAQ listing requirements. Looking forward, the company aims to mitigate seasonal business impacts by pursuing year-round operations and expanding into South American markets, with plans to commercialize its ToolKITT software platform in 2025.Successful Commercial Projects for Aquanaut
Achieved an industry first by conducting Aquanaut's first commercial projects, marking a significant milestone in both the commercial and defense sectors.
Positive Customer Feedback
Aquanaut exceeded expectations by providing high-quality data and identifying anomalies, leading to additional work and customer satisfaction.
ToolKITT Software Advancements
Progress made in functionality and commerciality of ToolKITT software with plans for a commercial release in 2025.
Debt Conversion to Strengthen Financial Position
Entered agreement to convert $27 million of debt into preferred stock, aiding compliance with NASDAQ requirements.
Cost Reduction in Operating Expenses
Operating expenses reduced by $3.9 million from Q3 '23, showing a dedicated focus on cost reduction.
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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
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KITT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $1.30 | $1.14 | -12.31% |
| Aug 14, 2024 | $2.52 | $2.08 | -17.46% |
| May 14, 2024 | $4.86 | $6.03 | +24.07% |
| Apr 10, 2024 | $9.22 | $8.14 | -11.71% |
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.
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FAQ
When does Nauticus Robotics (KITT) report earnings?
Nauticus Robotics (KITT) is schdueled to report earning on Apr 01, 2025, TBA Not Confirmed.
What is Nauticus Robotics (KITT) earnings time?
Nauticus Robotics (KITT) earnings time is at Apr 01, 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
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