---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-039933"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:36:29.741323+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics Q1 2023 revenue $2.8M (+26% YoY), net loss widens to $10.2M

## Summary
- Revenue $2.8M, up 26% from $2.2M in Q1 2022, driven by new contract and increased work.
- Net loss $10.2M ($0.26/share) vs $3.5M loss ($0.36/share) in prior year; operating expenses rose $3.7M.
- Adjusted net loss $6.8M ($0.17/share) vs $3.5M loss in Q1 2022.
- Cash $12.5M with working capital surplus $25.5M at quarter end.
- Commissioning of first second-gen Aquanaut; $2.7M Leidos (LDOS) contract extension; DIU milestones.

## SEC filing metadata
- accession: 0001213900-23-039933
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000121390023039933/0001213900-23-039933-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000121390023039933/ea178661-8k_nauticusrobo.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-039933
- JSON: https://secwatch.observer/filing/0001213900-23-039933.json
- Plain text: https://secwatch.observer/filing/0001213900-23-039933.txt

## Key facts
- Earnings Releases
  Nauticus Robotics, Inc. reported the first quarter ended March 31, 2023 results: revenue $2.8 million, net income $10.2 million, EPS $0.26 per basic and diluted share.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $2.8 million
  - Net income: $10.2 million
  - EPS: $0.26 per basic and diluted share
  - Result: reported results
  source text: First Quarter 2023 Financial Results Nauticus reported first quarter revenue of $2.8 million compared to $2.2 million in the prior-year period. The increase in revenue is primarily attributable to one new contract and the continuation and increased performance on existing service contracts from the prior year. Total operating expenses during the first quarter were $8.6 million, a $3.7 million increase from the prior-year period. The increase was mainly attributable to higher cost of revenue and increased general and administrative (“G&A”) costs associated with being a public company. For the quarter, Nauticus recorded a net loss attributable to common stockholders of $10.2 million, or $0.26 per basic and diluted share. This compares to a net loss attributable to common stockholders of $3.5 million, or $0.36 per basic and diluted share in the prior year comparable period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000121390023039933/0001213900-23-039933-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.