Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 61

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 61
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 -100 | % |
| Change in fair value of warrant liabilities        |     |                    |    -615,505 |     |        |     |      |   8,656,392 |     |   |  -9,271,897 |     |        | -107 | % |     |                                 | -13,347,829 |     |      | -18,775,158 |     |   |  -5,427,329 |     |   |  -29 | % |
| Change in fair value of new convertible debentures |     |                    | -24,199,071 |     |        |     |      |           - |     |   | -24,199,071 |     |        | -100 | % |     |                                 | -36,113,800 |     |      |           - |     |   | -36,113,800 |     |   | -100 | % |
| Interest expense, net                              |     |                    |   1,157,468 |     |        |     |      |     873,738 |     |   |     283,730 |     |        |   32 | % |     |                                 |   3,798,296 |     |      |   7,365,402 |     |   |  -3,567,106 |     |   |  -48 | % |
| Net income (loss)                                  |     |                  $ |  17,931,827 |     |        |     |    $ | -17,678,787 |     | $ | -35,610,614 |     |        | -201 | % |     |                               $ | -50,366,134 |     |    $ | -11,144,012 |     | $ |  39,222,122 |     |   |  352 | % |

Revenue. For the three and nine months ended September 30, 2024, revenue decreased $1,223,667 and $4,206,500, or 77% and 76%, respectively, as compared to the three and nine months ended September 30, 2023, primarily d riven by a reduction in government related contracts.

Cost of revenue. For the three months ende d September 30, 2024, cost of revenue decreased $3,361 or 0%, as compared to the three months ended September 30