Overview

* Nauticus Q3 revenue rises to $2.0 mln from $0.4 mln year-over-year

* Company reports Q3 net loss of $6.6 mln, an improvement from prior quarter

* Successful Nauticus ToolKITT integration on third-party vehicles enhances operational capabilities

Outlook

* Nauticus expects increased customer engagement at its lakeside facility

* Company anticipates expanding customer base for software sales in 2026

* Customer-paid demonstrations under discussion with interested parties

Result Drivers

* SEA TREPID ACQUISITION - Acquisition provided access to existing ROVs for commercial projects and Nauticus ToolKITT testing

* AQUANAUT TESTING - First Aquanaut robot completed ultra-deepwater testing to 2,300 meters, deepest ever by untethered drone in this class

* CUSTOMER DEMAND - Growing market response with plans for customer demonstrations and workflow refinement

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $2 mln

Revenue

Q3 EPS -$2.60

Q3 Net -$6.60

Income mln

Q3 $7.90

Operatin mln

g

Expenses

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)