Company: KITTW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001849820-25-000278
Chunk: 98

Company: Nauticus Robotics, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 98
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Finally, the Olympic Arm™ program continues to mature. Market demand for a compact, fully electric manipulator remains strong, and we intend to capitalize on that demand as development proceeds.

Conclusion

The third quarter of 2025 reflects continued momentum and execution. We expanded our operational footprint, achieved new deepwater milestones with Aquanaut® and demonstrated reliable ultra‑deepwater communications. Customer demand remains robust across oil‑and‑gas, wind and environmental sectors, and our services pipeline is healthy. With a strong team, a differentiated technology suite, and growing market acceptance, Nauticus is poised to lead the next phase of subsea autonomy and create long‑term value for our stakeholders.

41

Results of Operations

Three and nine months ended September 30, 2025, compared to three and nine months ended September 30, 2024

The following table sets forth summarized condensed consolidated financial information:

Three months endedSeptember 30,Nine months ended September 30,Change Change 20252024$ % 20252024$ % RevenueService$1,976,795 $370,187 $1,606,608 434%$4,217,617 $1,336,249 $2,881,368 216 %Total revenue1,976,795 370,187 1,606,608 434%4,217,617 1,336,249 2,881,368 216 %     Costs and Expenses    Cost of revenue4,266,894 2,648,019 1,618,875 61%9,009,892 7,617,368 1,392,524 18 %Depreciation590,820 446,087 144,733 32%1,645,759 1,283,858 361,901 28 %Research and development- - - 0%- 63,534 (63,534)-100 %General and administrative2,997,001 2,845,956 151,045 5%11,674,874 9,503,254 2,171,620 23 %Total costs and expenses7,854,715 5,940,062 1,914,653 32%22,330,525 18,468,014 3,862,511 21 %     Operating loss(5,877,920)(5