Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000106
Chunk: 60

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 60
---
 (“ROV”). The ability to operate in both AUV and ROV modes is a quality unique to our subsea robot and is protected under a U.S. patent. To take advantage of these special configuration qualities, we have developed underwater acoustic communication technology, called Wavelink, our over-the-horizon remote connectivity solution, which removes the need for long umbilical cables to connect the robot with topside vessels. Eliminating these umbilical cables and communicating with the robot through acoustic or other latent, laser, or RF methods reduces much of the system infrastructure currently required for ROV servicing operations and is core to our value proposition.

The component technologies that comprise the Aquanaut are also marketable to the existing worldwide ROV fleet. Aquanaut’s perception and machine learning software technologies combined with its perception and electric manipulators can be retrofitted on existing ROV platforms to improve their ability to perform subsea maintenance activities.

Our key technologies are autonomous platforms, acoustic communications networks, electric manipulators, AI-based perception and control software, and high-definition workspace sensors. Implementation of these technologies enables operators to reduce costs relative to conventional methods.

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### Results of Operations
Three and nine months ended September 30, 2024, compared to three and nine months ended September 30, 2023

The following table sets forth summarized condensed consolidated financial information:

|                                                    |     | Three months ended 
      September 30, |             |     | Change |     |      |             |     |   |             |     | Change |      |   |     | Nine months ended September 30, |             |     |      |             |     |   |             |     |   |      |   |
|:---------------------------------------------------|:----|-------------------:|------------:|:----|:-------|:----|-----:|------------:|:----|:--|------------:|:----|:-------|-----:|:--|:----|--------------------------------:|------------:|:----|-----:|------------:|:----|:--|------------:|:----|:--|-----:|:--|
|                                                    |     |               2024 |             |     |        |     | 2023 |             |     | $ |             |     | %      |      |   |     |                            2024 |             |     | 2023 |             |     | $ |             |     |