---
schema_version: "secwatch.filing_event.v1"
accession: "0001849820-24-000030"
form_type: "8-K"
ticker: "KITT"
cik: "0001849820"
company_name: "Nauticus Robotics, Inc."
filed_at: "2024-04-10T23:59:59+00:00"
generated_at: "2026-06-04T00:33:41.567563+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Nauticus Robotics Q4 net loss $39.5M, cash $0.8M; Aquanaut Mk2 tested at 1,200m

## Summary
- Q4 revenue $1.1M (down 66% YoY); full-year $6.6M (down 42%).
- Net loss $39.5M in Q4 (includes $25.3M impairment); adjusted net loss $8.8M. Full-year loss $50.7M.
- Cash $0.8M at Dec 31, 2023; raised $13.3M in Q1 2024 to fund operations.
- Aquanaut Mk2 tested >1,200m depth; hover at 0.8m. CEO John Gibson appointed.
- Expect G&A costs to drop from $18.2M in 2023 to $8.3M in 2024; facility consolidation.

## SEC filing metadata
- accession: 0001849820-24-000030
- form_type: 8-K
- ticker: KITT
- cik: 0001849820
- company_name: Nauticus Robotics, Inc.
- filed_at: 2024-04-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/0001849820-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/kitt-20240409.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001849820-24-000030
- JSON: https://secwatch.observer/filing/0001849820-24-000030.json
- Plain text: https://secwatch.observer/filing/0001849820-24-000030.txt

## Key facts
- Earnings Releases
  Nauticus Robotics, Inc. reported the quarter ended December 31, 2023 results: revenue $1.1 million, net income $39.5 million, EPS $1.23 per diluted share. Guidance initiated.
  - Period: the quarter ended December 31, 2023
  - Revenue: $1.1 million
  - Net income: $39.5 million
  - EPS: $1.23 per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: Revenue: Nauticus reported fourth quarter revenue of $1.1 million and full year revenue of $6.6 million, compared to $3.2 million and $11.4 million for the prior-year periods. • Operating Expenses: Total expenses during the fourth quarter were $35.3 million, a $24.9 million increase from the prior-year period. Expenses for the year were $61.7 million, a $31.2 million increase from 2022. • Impairment Charges: In the fourth quarter of 2023, Nauticus reported an impairment charge for property plant and equipment of $25.3 million compared to $0 in 2022. • Net Loss: For the fourth quarter, Nauticus recorded a net loss of $39.5 million, or $1.23 per diluted share. This compares with $8.2 million from the same period in 2022. Full year 2023 net loss was $50.7 million compared to $33.2 million for full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/0001849820-24-000030-index.htm
- Earnings Releases
  Nauticus Robotics, Inc. reported the year ended December 31, 2023 results: revenue $6.6 million, net income $50.7 million. Guidance initiated.
  - Period: the year ended December 31, 2023
  - Revenue: $6.6 million
  - Net income: $50.7 million
  - Guidance: initiated
  - Result: reported results
  source text: Revenue: Nauticus reported fourth quarter revenue of $1.1 million and full year revenue of $6.6 million, compared to $3.2 million and $11.4 million for the prior-year periods. • Operating Expenses: Total expenses during the fourth quarter were $35.3 million, a $24.9 million increase from the prior-year period. Expenses for the year were $61.7 million, a $31.2 million increase from 2022. • Impairment Charges: In the fourth quarter of 2023, Nauticus reported an impairment charge for property plant and equipment of $25.3 million compared to $0 in 2022. • Net Loss: For the fourth quarter, Nauticus recorded a net loss of $39.5 million, or $1.23 per diluted share. This compares with $8.2 million from the same period in 2022. Full year 2023 net loss was $50.7 million compared to $33.2 million for full year 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/0001849820-24-000030-index.htm

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