Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 99

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 99
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,569,875)308,045 6%(18,112,908)(17,131,765)981,143 6 %     Other (income) expense:   Other (income) expense, net2,883 143,573 (140,690)98%(32,051)165,374 (197,425)-119 %Gain on lease termination- - - 0%- (23,897)23,897 100 %Foreign currency transaction loss48,807 11,833 36,974 312%52,348 21,276 31,072 146 %Loss on extinguishment of debt- - - 0%- 78,734,949 (78,734,949)-100 %Change in fair value of warrant liabilities(103,607)(615,505)511,898 83%(145,738)(13,347,829)13,202,091 99 %Change in fair value of New Convertible Debentures- (24,199,071)24,199,071 100%- (36,113,800)36,113,800 100 %Change in fair value of November 2024 Debentures(407,938)- (407,938)-100%128,122 - 128,122 -100 %Interest expense, net1,221,883 1,157,468 64,415 6%3,545,722 3,798,296 (252,574)-7 %    Net income (loss)$(6,639,948)$17,931,827 $24,571,775 -137%$(21,661,311)$(50,366,134)$(28,704,823)-57 %

Revenue. For the three and nine months ended September 30, 2025, revenue increased $1,606,608 or 434% and  $2,881,368 or 216%, respectively, as compared to the three and nine months ended September 30, 2024, primarily driven by the additional activity from the SeaTrepid acquisition performed on March 20, 2025.

Cost of revenue. For the three months ended September 30, 2025, cost of revenue increased $1,618,875 or  61% as compared to the three months ended September 30