Date | Price Target | Rating | Analyst |
---|---|---|---|
5/12/2023 | $2.50 | Buy → Neutral | Chardan Capital Markets |
HOUSTON, Feb. 20, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, today announced that on February 18, 2025, it received a formal notice from The Nasdaq Capital Market ("Nasdaq") confirming that Nauticus has demonstrated compliance with the equity requirement in Rule 5550(b)(1) (the "Equity Rule"), and is therefore in compliance with Nasdaq's continued listing requirements. John Gibson, CEO and President of Nauticus Robotics, stated, "Pleased to be back in compliance. We are now focused entirely on gro
HOUSTON, Feb. 3, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, announces assembly completion of its second flagship underwater vehicle, Aquanaut Mark 2. Nauticus completed assembly and the first phase of acceptance testing at its Houston facility in January. This second Aquanaut vehicle is now in Louisiana undergoing the next phase of acceptance testing. The vehicle should complete the required pool testing this month. Once completed, the vehicle will move to the final phase of testing in open water
HOUSTON, Jan. 30, 2025 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, has entered into a strategic alliance with Leidos (NYSE:LDOS) to advance subsea autonomy solutions. The alliance builds on a successful prior collaboration between the two organizations, which was praised by their mutual customer for its seamless execution and synergy. This new alliance aims to combine the companies' complementary expertise to develop next-generation autonomous underwater systems capable of tackling increasingly complex
HOUSTON, Dec. 2, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, recently completed a project for a second global supermajor oil and gas company in the Gulf of Mexico (GOM) to perform a subsea field inspection utilizing its flagship underwater vehicle, Aquanaut Mark 2. Nauticus' Autonomous Solutions team completed the inspection in the GOM last month. The scope involved multiple days of executing visual inspections of subsea assets. This demonstration aimed to validate the ability of Nauticus' technolo
HOUSTON, Nov. 19, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT, ", Nauticus", )), a leading innovator in autonomous subsea robotics and software solutions, today announced a strategic collaboration with SeaTrepid International, LLC ("SeaTrepid") to integrate and test its ToolKITT software on a Remotely Operated Vehicle (ROV) in SeaTrepid's fleet. Under this collaboration, Nauticus will install a perpetual license of its ToolKITT software onto an ROV, with SeaTrepid providing access to its facilities and workforce to support pool testing during the certification pr
HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in subsea robotics and software, today announced its financial results for the quarter ended September 30, 2024. John Gibson, Nauticus CEO, stated, "We committed to producing commercial revenue in the third quarter of 2024 with our Aquanaut Mark 2. We achieved that objective. Our first commercial project not only exceeded customer expectations but also secured additional work for the fourth quarter. With the 2024 work season in the Gulf of Mexico ending, we are now fully focused o
HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, successfully completed its initial 2024 Gulf of Mexico (GOM) survey scope for Shell Exploration and Production Inc ("Shell"), a subsidiary of Shell plc (NYSE:SHEL), an international energy company based in the United Kingdom. The successful completion of this work combined with the submission of a final report completes the initial 2024 scope for the service contract awarded in 2023. The project covered inactive and active assets off the
HOUSTON, Nov. 5, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, announces that it has entered into an agreement with existing debtholders to convert $33M dollars of debt into equity through a preferred stock exchange. The company anticipates that this exchange will allow the company to substantially deleverage the balance sheet and believes that it would resolve NASDAQ compliance issues previously reported. The existing convertible debenture will be exchanged for a new class of convertible preferred stock.
HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced the Company's schedule for releasing its third quarter financial and operating results for the period ended September 30, 2024. The Company plans to release its third quarter financial and operating results after market close on November 12, 2024. The Company plans to host an earnings conference call on November 13, 2024 at 10:00 am Central Standard Time. To participate in the earnings conference call, participants should dial toll free at 800-225-9448,
HOUSTON, Sept. 30, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in autonomous subsea robotics and software, is pleased to announce completion of qualification testing of its flagship underwater vehicle, Aquanaut Mark 2. The Aquanaut used for testing, Vehicle 2, is now performing commercial inspection work at a production field in the Gulf of Mexico (GOM). This transition from qualification to commercial operations marks a major milestone for the company. Nauticus' Autonomous Solutions team completed the qualification testing at a decommission
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HOUSTON, Aug. 21, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in subsea robotics and software, announces that John Symington was appointed as General Counsel of the company on August 14, 2024. Nick Bigney recently announced his departure and the two are working together through the transition period. Mr. Symington has over 20 years' experience in-house, including serving as General Counsel at Frank's International and Seadrill, complemented by 10 years in private practice. He has lived and worked in the US, the UK, Venezuela, and Brazil, and
HOUSTON, Jan. 10, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT) ("Nauticus" or the "Company"), a developer of subsea autonomous robotic systems and software, today announced that it secured an investment before the close of 2023 and eliminated many of the dilutive warrants and ratchet provisions of the original de-SPAC financing in the process. The new investment is the first tranche of financing led by existing investors. Nauticus anticipates executing a second tranche of investment, discussions for which are ongoing and aimed at providing funding for the year. The new investment shows continued support from existing stakeholders and is an integral component of several st
HOUSTON, April 11, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT), a developer of ocean robots using artificial intelligence for data collection and intervention services, today announced it will hold its Annual Meeting of Stockholders (the "Annual Meeting") on Wednesday, May 10, 2023 at 10:00 a.m. Central Time. The Annual Meeting will be held in a virtual format to provide a consistent experience to all of the Company's stockholders regardless of location at www.proxydocs.com/KITT. At the Annual Meeting, stockholders will be asked to consider and vote upon the following matters: The election of Class I director nominees of Nauticus, named in
Chardan Capital Markets downgraded Nauticus Robotics from Buy to Neutral and set a new price target of $2.50
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HOUSTON, Nov. 12, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in subsea robotics and software, today announced its financial results for the quarter ended September 30, 2024. John Gibson, Nauticus CEO, stated, "We committed to producing commercial revenue in the third quarter of 2024 with our Aquanaut Mark 2. We achieved that objective. Our first commercial project not only exceeded customer expectations but also secured additional work for the fourth quarter. With the 2024 work season in the Gulf of Mexico ending, we are now fully focused o
HOUSTON, Oct. 30, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced the Company's schedule for releasing its third quarter financial and operating results for the period ended September 30, 2024. The Company plans to release its third quarter financial and operating results after market close on November 12, 2024. The Company plans to host an earnings conference call on November 13, 2024 at 10:00 am Central Standard Time. To participate in the earnings conference call, participants should dial toll free at 800-225-9448,
HOUSTON, Aug. 13, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. (NASDAQ:KITT), a leading innovator in subsea robotics and software, today announced its financial results for the quarter ended June 30, 2024. "I would like to thank our existing lenders for their continued support. Their steady conversion of warrants and convertible debentures improve our market cap and reduce our interest burden and our leverage," said John Gibson, Nauticus' CEO and President. "We successfully completed Phase I of a program for the largest offshore producer in Brazil. This phase has been billed a
HOUSTON, July 29, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced the Company's schedule for releasing its second quarter financial and operating results for the period ended June 30, 2024. The Company plans to release its second quarter financial and operating results after market close on August 13, 2024. The Company plans to host an earnings conference call on August 14 at 10:00 am Central Daylight Time. To participate in the earnings conference call, participants should dial toll free at 800-445-7795, conference ID
HOUSTON, May 13, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced its financial results for the quarter ended March 31, 2024. "We have successfully deployed Aquanaut Mark 2 in the Gulf of Mexico and tested the platform at depths greater than 1300 meters," said John W. Gibson, Jr., Nauticus' CEO and President. "We should generate daily revenue from the Aquanaut Mark 2 vehicle beginning in Q3 2024 and have a strong queue of new opportunities developing. To maximize margins, we remain committed to keeping G&A expenses low
HOUSTON, May 6, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced the Company's schedule for releasing its first quarter financial and operating results for the period ended March 31, 2024. 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 About Nauticus Rob
HOUSTON, April 9, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced preliminary testing results for its Aquanaut Mk2 vehicle and financial results for the quarter and year ended December 31, 2023. "We have spent the past few months transforming Nauticus from a company with great R&D capabilities to one poised to be commercially successful," said John W. Gibson, Jr., Nauticus' CEO and President. "We successfully raised additional capital, reorganized our operations, materially reduced expected G&A costs, and initiated sea
HOUSTON, April 4, 2024 /PRNewswire/ -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT) today announced the Company's schedule for releasing its fourth quarter and year end financial and operating results for the period ended December 31, 2023. The Company plans to release its fourth quarter and year 2023 financial and operating results after market close on April 9, 2024. The Company plans to host an earnings conference call on April 10, 2024 at 10:00 am Central Daylight Time. To participate in the earnings conference call, participants should access the
HOUSTON, Aug. 11, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services to the ocean industries, today announced results for the second quarter ended June 30, 2023. Highlights Signed a contract with Shell plc (NYSE:SHEL) for an initial project in the Gulf of Mexico Princess Field. Pending success, this contract could lead to multi-million dollars worth of additional contracts over the next few years.Signed a contract with Petrobras (NYSE:PBR), one of the world's largest energy companies, to deploy Aquanaut, the Company's autonomous subsea ro
HOUSTON, July 31, 2023 (GLOBE NEWSWIRE) -- Nauticus Robotics, Inc. ("Nauticus" or the "Company") (NASDAQ:KITT), a developer of autonomous robots using artificial intelligence for data collection and intervention services for the ocean industries, will host a conference call on Friday, August 11, 2023 at 10:00 a.m. Eastern Time to discuss its results from the second quarter ended June 30, 2023. A press release detailing these results will be issued after the end of trading on the same day. Nauticus management will provide prepared remarks, followed by a question-and-answer period. Date: Friday, August 11, 2023Time: 10:00 a.m. Eastern Time (7:00 a.m. Pacific Time)U.S. dial-in number: 1-877