Company: KITTW
Filing Date: 2025-04-30
Form Type: ARS
Source: 0001849820-25-000123
Chunk: 95

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-30
Form: ARS
Chunk 95
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1,807,472 $ 6,605,852 Service - related party - 500 Total revenue 1,807,472 6,606,352 Costs and expenses: Cost of revenue (exclusive of items shown separately below) 9,732,205 11,928,931 Depreciation 1,736,828 729,412 Research and development 82,850 1,399,560 General and administrative 13,370,486 18,271,832 Severance - 1,476,636 Impairment of property and equipment - 25,354,791 Loss on contract - 2,542,913 Total costs and expenses $ 24,922,369 $ 61,704,075 Operating loss (23,114,897) (55,097,723) Other (income) expense: Other expense, net 110,361 627,580 Loss on lease termination 18,721 453,162 Foreign currency transaction loss 61,597 44,020 Loss on extinguishment of debt 127,605,940 - Loss on exchange of warrants - 590,266 Change in fair value of warrant liabilities (13,559,010) (14,902,427) Change in fair value of New Convertible Debentures (7,989,948) - Change in fair value of November 2024 Debentures 435,864 - Interest expense, net 5,108,227 8,776,277 Total other (income) expense, net 111,791,752 (4,411,122) Net loss $ (134,906,649) $ (50,686,601) Basic and diluted loss per share (As adjusted, see Note 16) $ (36.73) $ (44.57) Basic and diluted weighted average shares outstanding (As adjusted, see Note 16) 3,673,197 1,137,318 See accompanying notes to the consolidated financial statements. Table of Contents F-5

NAUTICUS ROBOTICS, INC. CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS For the year ended December 31, 2024 2023 Net loss $ (134,906,649) $ (50,686,601) Other comprehensive loss: Foreign currency translation adjustment (42,229) - Comprehensive loss $ (134,948,878) $ (50,686,601) Table of Contents F-6

NAUTIC