secwatch.observer — SEC 8-K summary
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Issuer:     Nauticus Robotics, Inc. (KITT)
CIK:        0001849820
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001849820-24-000114
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000114/0001849820-24-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1849820/000184982024000114/kitt-20240513.htm
  HTML page:      https://secwatch.observer/filing/0001849820-24-000114

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