secwatch.observer — SEC 8-K summary
======================================

Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0001213900-23-039933
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023039933/0001213900-23-039933-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023039933/ea178661-8k_nauticusrobo.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-039933

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer