secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2024-04-10T23:59:59+00:00
Accession:  0001849820-24-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/0001849820-24-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000030/kitt-20240409.htm
  HTML page:      https://secwatch.observer/filing/0001849820-24-000030

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