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Nauticus Robotics (KITT)
NASDAQ:KITT
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 15, 2025
|% Change Since: 3.81%
|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.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.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.
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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 |
|---|---|---|---|
| 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% |
| May 14, 2024 | $4.86 | $6.03 | +24.07% |
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 May 19, 2025, TBA Not Confirmed.
What is Nauticus Robotics (KITT) earnings time?
Nauticus Robotics (KITT) earnings time is at May 19, 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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