Nauticus Robotics Announces Timing of Release of First Quarter Earnings and Investor Conference Call
Nauticus Robotics, Inc. (NASDAQ: KITT) announced the timing for releasing its first quarter financial results on May 13, 2024, followed by an earnings conference call on May 14. The company develops autonomous robots for ocean industries, focusing on reducing operational costs and improving data collection and maintenance of subsea infrastructure.
Nauticus Robotics is focusing on developing autonomous robots for ocean industries, showcasing innovation in the use of sensors, artificial intelligence, and effective algorithms.
The company's business model includes selling vehicles and components, licensing related software, and offering services to commercial and defense sectors, indicating diverse revenue streams.
Nauticus Robotics is working on certifying a new generation of vehicles to reduce operational costs and gather data for maintaining and operating subsea infrastructure, demonstrating a commitment to efficiency and data management.
There is a need for caution as the company's success relies on the certification and successful operation of the new generation of vehicles, which may pose challenges and uncertainties.
Market competition in the autonomous robotics sector could impact Nauticus Robotics' market share and profitability, leading to potential challenges in maintaining competitive advantages.
The Company plans to release its first quarter financial and operating results after market close on May 13, 2024. The Company plans to host an earnings conference call on May 14 at 9:00 am Central Daylight Time.
To participate in the earnings conference call, participants should dial toll free at 800-225-9448, conference ID: KITT, or access the listen-only webcast at the following link: https://events.q4inc.com/attendee/621212712
Nauticus Robotics, Inc. develops autonomous robots for the ocean industries. Autonomy requires the extensive use of sensors, artificial intelligence, and effective algorithms for perception and decision allowing the robot to adapt to changing environments. The company's business model includes using robotic systems for service, selling vehicles and components, and licensing of related software to both the commercial and defense business sectors. Nauticus has designed and is currently testing and certifying a new generation of vehicles to reduce operational cost and gather data to maintain and operate a wide variety of subsea infrastructure. Besides a standalone service offering and forward-facing products, Nauticus' approach to ocean robotics has also resulted in the development of a range of technology products for retrofit/upgrading traditional ROV operations and other third-party vehicle platforms. Nauticus' services provide customers with the necessary data collection, analytics, and subsea manipulation capabilities to support and maintain assets while reducing their operational footprint, operating cost, and greenhouse gas emissions, to improve offshore health, safety, and environmental exposure.
Cautionary Language Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Act"), and are intended to enjoy the protection of the safe harbor for forward-looking statements provided by the Act as well as protections afforded by other federal securities laws. Such forward-looking statements include but are not limited to: the expected timing of product commercialization or new product releases; customer interest in Nauticus' products; estimated operating results and use of cash; and Nauticus' use of and needs for capital. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words "believes," "estimates," "expects," "projects," "forecasts," "may," "will," "should," "seeks," "plans," "scheduled," "anticipates," "intends," or "continue" or similar expressions. Forward-looking statements inherently involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements. These forward-looking statements are based on Nauticus' management's current expectations and beliefs, as well as a number of assumptions concerning future events. There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Nauticus is not under any obligation and expressly disclaims any obligation, to update, alter, or otherwise revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required by law. Readers should carefully review the statements set forth in the reports which Nauticus has filed or will file from time to time with the Securities and Exchange Commission (the "SEC") for a more complete discussion of the risks and uncertainties facing the Company and that could cause actual outcomes to be materially different from those indicated in the forward-looking statements made by the Company, in particular the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in documents filed from time to time with the SEC, including Nauticus' Annual Report on Form 10-K filed with the SEC on April 10, 2024. Should one or more of these risks, uncertainties, or other factors materialize, or should assumptions underlying the forward-looking information or statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated, or expected. The documents filed by Nauticus with the SEC may be obtained free of charge at the SEC's website at www.sec.gov.
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SOURCE Nauticus Robotics, Inc.
FAQ
<p>When will Nauticus Robotics release its first quarter financial results?</p>
Nauticus Robotics will release its first quarter financial results after market close on May 13, 2024.
<p>What is the date and time of Nauticus Robotics' earnings conference call?</p>
Nauticus Robotics will host an earnings conference call on May 14, 2024, at 9:00 am Central Daylight Time.
<p>What is Nauticus Robotics' business focus?</p>
Nauticus Robotics focuses on developing autonomous robots for ocean industries, emphasizing efficiency, data collection, and subsea infrastructure maintenance.
<p>How can I participate in Nauticus Robotics' earnings conference call?</p>
To participate in the earnings conference call, dial toll-free at 800-225-9448, conference ID: KITT, or access the listen-only webcast at the provided link: https://events.q4inc.com/attendee/621212712.
