secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2023-08-11T23:59:59+00:00
Accession:  0001213900-23-065915
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Nauticus Robotics Q2 revenue $1.1M (down 61% YoY); adjusted loss $8.1M; signs Shell/Petrobras contracts
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- Revenue $1.1M vs $2.8M YoY; adjusted net loss $8.1M ($0.20/share) vs $3.4M loss a year ago.
- Net income $20.7M driven by warrant revaluation; operating expenses $8.0M (up 45%).
- Closed first tranche of $15M senior secured debt facility; $5M deposited; cash $4.4M.
- Signed contracts with Shell (Gulf of Mexico) and Petrobras (deploy Aquanaut); additional Leidos award.
- First 2nd-gen Aquanaut completed 100+ hrs testing; expected to qualify for Shell service in September.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023065915/0001213900-23-065915-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000121390023065915/ea183340-8k_nauticus.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-065915

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