Q1 2026 Nauticus Robotics Inc Earnings Call Transcript

May 19, 2026 / 02:00 PM GMT

Release Date Price: $0.095

Transcript 10-Q

Key Points

Positve

Nauticus Robotics Inc (KITT) advanced fleet readiness and completed significant maintenance and refurbishment activities across several ROV systems.
The company continued to integrate Nautica's Toolkit, enhancing navigation efficiency, data quality, and customer value.
International expansion efforts in the UAE and GCC region are progressing, with plans for a long-term operational presence.
Brian Allen, with extensive experience in subsea robotics and autonomy, joined as Chief Revenue Officer to drive revenue growth.
Nauticus Robotics Inc (KITT) is seeing strong momentum in upcoming offshore activities, with new contracts in the oil, gas, and wind sectors.

Negative

Revenue for the first quarter was only $0.2 million, reflecting a decrease from the previous quarter and flat performance year-over-year.
Operating expenses were $5.8 million, contributing to a net loss of $9.3 million for the quarter.
Cash reserves decreased to $5.9 million, down from $7.6 million at the end of 2025, due to cash use in operating activities.
The regional security environment in the UAE has limited the ability to travel and slowed progress in international expansion.
The company faces challenges in smoothing revenue seasonality, heavily impacted by weather conditions and offshore activity cycles.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KITT.OQ - Nauticus Robotics Inc
Q1 2026 Nauticus Robotics Inc Earnings Call
May 19, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello everyone.

Thank you for joining us and welcome to Nauticus Robotics Incorporated first quarter 2026 earnings call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one to raise your hand. To withdraw your question, press star one again. I will now hand the conference over to Kristen Morman, Corporate Development Lead. Kristen, please go ahead.

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Unidentified_2 [2]
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Thank you, and good morning, everyone. Joining me today and participating in the call are John

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