Company: KITTW
Filing Date: 2025-04-15
Form Type: 10-Q/A
Source: 0001849820-25-000099
Chunk: 57

Company: Nauticus Robotics, Inc.
Filing Date: 2025-04-15
Form: 10-Q/A
Chunk 57
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 liabilities        |     |                             | -4,422,701 |     |        |     |      | -29,668,454 |     |   | -25,245,753 |     |        |   -85 | % |     |                           | -12,732,324 |     |      | -27,431,550 |     |   | -14,699,226 |     |   |   -54 | % |
| Change in fair value of new convertible debentures |     |                             | -7,410,303 |     |        |     |      |           - |     |   |  -7,410,303 |     |        |  -100 | % |     |                           | -11,914,729 |     |      |           - |     |   | -11,914,729 |     |   |  -100 | % |
| Interest expense, net                              |     |                             |  1,165,431 |     |        |     |      |   1,556,597 |     |   |    -391,166 |     |        |   -25 | % |     |                           |   2,640,828 |     |      |   6,491,664 |     |   |  -3,850,836 |     |   |   -59 | % |
| Net income (loss)                                  |     |                           $ |  4,540,975 |     |        |     |    $ |  20,673,440 |     | $ | -16,132,465 |     |        |   -78 | % |     |                         $ | -68,297,961 |     |    $ |   6,534,775 |     | $ | -74,832,736 |     |   | -1145 | % |

Revenue . For the three and six months ended June 30, 2024, revenue decreased $626,407 and $2,982,833, or 56% and 76%, respectively, as compared to the three and six months ended June 30, 2023, primarily driven by a reduction in government related contracts.

Cost of revenue. For the three months ende d June 30, 2024, cost of revenue increased $974,792 or 51%, as compared to the three months ended June 30, 2023 primarily driven by costs relating to