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 investments | 753 | 22,746 | 519 | |||
Cash and cash equivalents | 753 | 17,787 | 519 | |||
Short-term investments | 4,959 | |||||
Restricted cash and investments | 250 | |||||
Receivables | 212 | 1,612 | ||||
Inventory, net of allowances, customer advances and progress billings | 2,199 | 6,667 | ||||
Inventory | 2,199 | 6,667 | ||||
Prepaid expense | 1,889 | 2,393 | 74 | |||
Deposits current assets | 202 | 250 | ||||
Other current assets | 1,025 | 2,710 | ||||
Other undisclosed current assets | 2,940 | 334 | ||||
Total current assets: | 9,221 | 36,963 | 593 | |||
Noncurrent Assets | ||||||
Operating lease, right-of-use asset | 835 | 317 | ||||
Property, plant and equipment | 15,905 | 15,167 | ||||
Other noncurrent assets | 188 | 155 | ||||
Other undisclosed noncurrent assets | 174,230 | |||||
Total noncurrent assets: | 16,927 | 15,640 | 174,230 | |||
TOTAL ASSETS: | 26,148 | 52,603 | 174,823 | |||
LIABILITIES AND EQUITY | ||||||
Liabilities | ||||||
Current Liabilities | ||||||
Accounts payable and accrued liabilities | 14,375 | 3,467 | 280 | |||
Taxes payable | ✕ | ✕ | ✕ | 97 | ||
Accounts payable | 7,035 | 324 | 154 | |||
Accrued liabilities | 7,339 | 3,143 | 30 | |||
Deferred revenue | 2,768 | |||||
Other liabilities | 67 | |||||
Due to related parties | ✕ | ✕ | 53 | |||
Other undisclosed current liabilities | 245 | 344 | ||||
Total current liabilities: | 17,387 | 3,878 | 334 | |||
Noncurrent Liabilities | ||||||
Long-term debt and lease obligation | 31,598 | |||||
Long-term debt, excluding current maturities | 31,598 | |||||
Liabilities, other than long-term debt | 18,950 | 48,698 | ||||
Due to related parties | ✕ | ✕ | 15,922 | |||
Other liabilities | ||||||
Operating lease, liability | 574 | 87 | ||||
Derivative instruments and hedges, liabilities | 18,376 | 32,688 | ||||
Other undisclosed noncurrent liabilities | 7,973 | |||||
Total noncurrent liabilities: | 50,548 | 48,698 | 7,973 | |||
Total liabilities: | 67,935 | 52,575 | 8,307 | |||
Temporary equity, carrying amount | 174,225 | |||||
Equity | ||||||
Equity, attributable to parent | (41,787) | 28 | (7,709) | |||
Common stock | 5 | 5 | 0 | |||
Additional paid in capital | 77,000 | 68,128 | ||||
Accumulated other comprehensive loss | ||||||
Accumulated deficit | (118,792) | (68,105) | (7,709) | |||
Total equity: | (41,787) | 28 | (7,709) | |||
TOTAL LIABILITIES AND EQUITY: | 26,148 | 52,603 | 174,823 |
Income Statement (P&L) ($ in thousands)
9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
---|---|---|---|---|---|
Revenues | 6,606 | 11,435 | |||
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) | 4,411 | 9,881 | 5 | ||
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 parent | 29,592 | (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.