Nauticus Robotics Inc
For the period ended Dec 31, 2023. Filed Apr 10, 2024.
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FY2023 · Filed Apr 10, 2024
KITT$1.33-1.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| For the year ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue: | ||
| Service | $6,605,852 | $11,210,559 |
| Service - related party | 500 | 224,400 |
| Total revenue | 6,606,352 | 11,434,959 |
| Costs and expenses: | ||
| Cost of revenue (exclusive of items shown separately below) | 11,928,931 | 11,863,862 |
| Depreciation | 729,412 | 516,949 |
| Research and development | 1,399,560 | 2,376,912 |
| General and administrative | 18,271,832 | 15,040,603 |
| Severance | 1,476,636 | 15,962 |
| Impairment of property and equipment | 25,354,791 | - |
| Loss on contract | 2,542,913 | - |
| Total costs and expenses | 61,704,075 | 29,814,288 |
| Operating loss | (55,097,723) | (18,379,329) |
| Other (income) expense: | ||
| Other expense (income), net | 627,580 | (33,247) |
| Loss on lease termination | 453,162 | - |
| Foreign currency transaction loss (gain) | 44,020 | (260,615) |
| Loss on exchange of warrants | 590,266 | - |
| Change in fair value of warrant liabilities | (14,902,427) | 6,461,087 |
| Interest expense, net | 8,776,277 | 3,714,017 |
| Total other (income) expense, net | (4,411,122) | 9,881,242 |
| Net loss | $(50,686,601) | $(28,260,571) |
| Basic and diluted earnings (loss) per share | $(1.24) | $(1.75) |
| Basic and diluted weighted average shares outstanding | 40,943,444 | 18,982,139 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.