Nauticus Robotics Q1 net income $0.4M vs loss a year ago; revenue down to $0.5M

Nauticus Robotics, Inc.

2024-Q1 EPS reported -$0.11 vs consensus -$0.11 ▲ beat (+2.0%)

Revenue $0.5M, down 82% YoY from $2.8M; net income $0.4M ($0.01 EPS) vs net loss $14.1M.
Adjusted net loss $7.4M vs $10.7M in prior-year period; G&A costs down $1.8M to $3.4M.
Cash $6.2M at March 31, up from $0.8M at Dec 31; raised $13.3M in new financing in Q1.
Aquanaut Mark 2 tested at >1,300m depth; expects daily revenue from existing contracts beginning Q3 2024.
Day rates for services expected $25,000–$70,000 per day depending on depth and duration.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Nauticus Robotics, Inc. reported quarter ended March 31, 2024 results: revenue $0.5 million, net income $0.4 million, EPS $0.01 per basic earnings per share.

Period: quarter ended March 31, 2024
Revenue: $0.5 million
Net income: $0.4 million
EPS: $0.01 per basic earnings per share
Result: reported results

Exact text from the filing

is increasing enterprise value though the commercialization of complex software platforms. Financial Results Exhibit 99.1 • Revenue: Nauticus reported first-quarter revenue of $0.5 million, compared to $2.8 million for the prior-year period and $1.1 million for the prior quarter. Q1 marks the first time that Nauticus has recognized revenue from commercial sources,

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Source: SEC EDGAR

accession 0001849820-24-000114

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