Nauticus Robotics Inc. (KITT) Financial Statements (2025 and earlier)

Company Profile

Business Address 17146 FEATHERCRAFT LANE
WEBSTER, TX 77598
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3569 - General Industrial Machinery and Equipment, Not Elsewhere (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75322,746519
Cash and cash equivalents75317,787519
Short-term investments  4,959 
Restricted cash and investments  250 
Receivables2121,612 
Inventory, net of allowances, customer advances and progress billings2,1996,667 
Inventory2,1996,667 
Prepaid expense1,8892,39374
Deposits current assets202250 
Other current assets1,0252,710 
Other undisclosed current assets2,940334 
Total current assets:9,22136,963593
Noncurrent Assets
Operating lease, right-of-use asset835317 
Property, plant and equipment15,90515,167 
Other noncurrent assets188155 
Other undisclosed noncurrent assets   174,230
Total noncurrent assets:16,92715,640174,230
TOTAL ASSETS:26,14852,603174,823
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities14,3753,467280
Taxes payable97
Accounts payable7,035324154
Accrued liabilities7,3393,14330
Deferred revenue2,768  
Other liabilities  67 
Due to related parties 53
Other undisclosed current liabilities245344 
Total current liabilities:17,3873,878334
Noncurrent Liabilities
Long-term debt and lease obligation31,598  
Long-term debt, excluding current maturities31,598  
Liabilities, other than long-term debt18,95048,698 
Due to related parties15,922 
Other liabilities   
Operating lease, liability57487 
Derivative instruments and hedges, liabilities18,37632,688 
Other undisclosed noncurrent liabilities   7,973
Total noncurrent liabilities:50,54848,6987,973
Total liabilities:67,93552,5758,307
Temporary equity, carrying amount   174,225
Equity
Equity, attributable to parent(41,787)28(7,709)
Common stock550
Additional paid in capital77,00068,128 
Accumulated other comprehensive loss   
Accumulated deficit(118,792)(68,105)(7,709)
Total equity:(41,787)28(7,709)
TOTAL LIABILITIES AND EQUITY:26,14852,603174,823

Income Statement (P&L) ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues6,60611,435 
Cost of revenue(13,906)(11,864) 
Cost of goods and services sold(2,543)  
Other cost of operating revenue  (11,435) 
Gross profit:(7,300)(429) 
Operating expenses(47,798)(17,950)(1,201)
Other operating expense, net
(Other Expenses)
   (97)
Operating loss:(55,098)(18,379)(1,299)
Nonoperating income (expense)4,4119,8815
Investment income, nonoperating   5
Other nonoperating expense(628)(294) 
Interest and debt expense(29,592)(10) 
Loss from continuing operations:(80,278)(8,508)(1,293)
Loss before gain (loss) on sale of properties:(1,293)
Other undisclosed net income   698
Net loss:(80,278)(8,508)(595)
Other undisclosed net income (loss) attributable to parent29,592(19,753) 
Net loss available to common stockholders, basic:(50,687)(28,261)(595)
Dilutive securities, effect on basic earnings per share   
Net loss available to common stockholders, diluted:(50,687)(28,261)(595)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(80,278)(8,508)(595)
Comprehensive loss:(80,278)(8,508)(595)
Other undisclosed comprehensive income, net of tax, attributable to parent   
Comprehensive loss, net of tax, attributable to parent:(80,278)(8,508)(595)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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