Welcome to our dedicated page for Nauticus Robotics news (Ticker: KITT), a resource for investors and traders seeking the latest updates and insights on Nauticus Robotics stock.
Nauticus Robotics, Inc. (NASDAQ: KITT) specializes in developing cutting-edge autonomous robots for ocean industries. The company's innovative solutions encompass a robust suite of robotic systems designed for service, sales of vehicles and components, and the licensing of related software to both commercial and defense sectors. Nauticus aims to significantly reduce operational costs, enhance data collection and analytics, and improve subsea manipulation capabilities, all while minimizing the environmental impact.
Core Business and Projects:
- Robotics-as-a-Service (RaaS): This business model allows clients to benefit from Nauticus' advanced robotic systems without the upfront costs associated with ownership. The RaaS model supports asset maintenance, reduces operational footprint, and cuts greenhouse gas emissions.
- Product Sales: Nauticus offers a range of autonomous vehicles and components, catering to various underwater operational needs. This includes the highly anticipated Aquanaut series, designed to operate autonomously at significant depths.
- Software Licensing: The company's platform-independent software architecture is adaptable to various subsurface vehicles, enhancing operational efficiency by over 20% and promoting safety and environmental protection.
Recent Achievements:
- New Leadership: In late 2023, Nauticus appointed John Gibson as CEO to steer the company towards commercialization. The new leadership team is focused on realigning the company's strategy for market success.
- Securing Investments: In February 2024, the company secured over $12 million in investments aimed at accelerating the certification of the Aquanaut, which will transform tethered ROV operations into fully autonomous ones.
- Strategic Acquisitions: Nauticus acquired 3D at Depth to strengthen its position in the digital evolution of subsea services, significantly enhancing their operational capabilities.
- Operational Milestones: Successful sea trials for the Aquanaut Mk2 in the Gulf of Mexico have proven its depth capabilities (up to 1300 meters) and readiness for commercial deployment.
Financial Health: Nauticus has shown a strong financial performance with controlled G&A expenses and a clear path towards revenue generation starting from Q3 2024, driven by daily operations of their Aquanaut Mark 2 vehicle.
Partnerships and Collaborations: The company collaborates with both commercial and defense sectors, offering its technology for various applications, ensuring wide adaptability and efficiency improvements across the board.
For more information and the latest updates, shareholders can contact:
Investor Relations Contact: Ralf Esper, Gateway Group, Inc. (949) 574-3860, KITT@Gateway-grp.com
Media Contact: Zach Kadletz, Gateway Group, Inc. (949) 574-3860, KITT@Gateway-grp.com
Nauticus Robotics is set to host a conference call on March 28, 2023, at 4:30 PM ET to discuss its Q4 and full-year results for 2022. The results will be released after market close on the same day. The call features prepared remarks followed by a Q&A session. Interested parties can join via the provided U.S. or international phone numbers. A replay will be available post-call until April 11, 2023. Nauticus focuses on developing autonomous robots powered by AI for ocean industries, offering Robotics-as-a-Service and direct sales of hardware and software.
Nauticus Robotics (NASDAQ: KITT) announced that CEO Nicolaus Radford will speak at the South By Southwest (SXSW) Conference on March 13, 2023. Invited by The Greater Houston Partnership, Radford will participate in the panel titled “Connecting Industries, Empowering Innovation”, aimed at showcasing Houston's entrepreneurial ecosystem. The panel features leaders like Barbara Belvisi and Moji Karimi, exploring technology's role in fostering innovation across industries. Radford expressed excitement for contributing to discussions on Nauticus's advanced work in ocean robotics and collaboration opportunities.
Nauticus Robotics, Inc. (NASDAQ: KITT), a leader in ocean robotics, has announced its participation in the 35th Annual ROTH Conference from March 12-14, 2023, in Laguna Niguel, California. The event will facilitate one-on-one meetings with institutional investors and analysts. Nauticus specializes in developing autonomous software and robotics services aimed at enhancing operational efficiency in marine industries. Their business model includes Robotics-as-a-Service (RaaS) and hardware product sales, focused on reducing operational costs and environmental impact. For meeting arrangements, stakeholders are encouraged to contact Nauticus’ investor relations team.
Nauticus Robotics, Inc. (NASDAQ: KITT) has launched its international expansion strategy by opening operations in Norway and the United Kingdom. The new bases in Stavanger and Aberdeen are positioned to serve the North Sea offshore market, targeting offshore wind and oil and gas industries. Initial deliveries of the Nauticus Fleet, comprising robotic pairs, are expected in Q2 2023. The company aims to enhance its global presence by establishing additional bases in growth markets and providing advanced robotic services. CEO Nicolaus Radford emphasized the mission of becoming the leading ocean robotics company to support the blue economy.
Nauticus Robotics (NASDAQ: KITT) announced its third-quarter results for the period ending September 30, 2022. Revenue increased by 51% year-over-year, reaching $3.0 million, attributed to new defense contracts. The company completed a business combination with CleanTech Acquisition Corp., generating $58.7 million in net proceeds. Nauticus ended the quarter with $35.9 million in cash and a working capital surplus of $43.6 million but recorded a net loss of $11.0 million. Key contracts include agreements with Shell and the U.S. Defense Innovation Unit.
Nauticus Robotics (NASDAQ: KITT) announced its participation in key upcoming industry events, including Roth's 11th Annual Technology Event on November 16, 2022, and Credit Suisse’s 10th Annual Global Industrials Conference on November 30, 2022. These events provide investors opportunities for direct engagement with the company's management. Additionally, a Water Tower Research Fireside Chat featuring CEO Nicolaus Radford will be held on November 21, 2022, discussing growth opportunities and the Robotics as a Service model. Webcasts will be available for those unable to attend in person.
Nauticus Robotics, Inc. (NASDAQ: KITT) will hold a conference call on November 14, 2022, at 12:00 p.m. Eastern Time to discuss its Q3 2022 results. A press release with detailed financials will be issued prior to market opening on the same day. Attendees can access the call via U.S. dial-in number 1-877-407-9039 or international number 1-201-689-8470, with Conference ID 13733447. A replay will be available after 3:00 p.m. ET through November 28, 2022. Nauticus specializes in ocean robotics and autonomy software for marine industries.
Nauticus Robotics, Inc. (NASDAQ: KITT) will celebrate its recent public listing by ringing the NASDAQ Closing Bell on October 20, 2022. This event marks the completion of its business combination with CleanTech Acquisition Corp., which officially listed Nauticus' common stock and warrants on September 13, 2022. Founder and CEO Nicolaus Radford expressed pride in the achievement and highlighted the company's mission to advance the blue economy using autonomous robotics.
Nauticus Robotics (NASDAQ: KITT) has secured a second multi-million dollar contract from the U.S. Defense Innovation Unit (DIU) for developing an amphibious unmanned system. This project leverages Nauticus' ToolKITT autonomous command software, enhancing capabilities in subsea operations. Following a previous award in February 2022, the contract allows for potential follow-on production without further competition, contingent on prototype success. Nauticus aims to assist military efforts by reducing risks for servicemembers through advanced robotics solutions.
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