Nauticus Robotics, Inc.

For the period ended Dec 31, 2024. Filed Apr 15, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Apr 15, 2025

KITT$1.35+8.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits

Contents

Consolidated Statements of Operations

	For the year ended December 31,
	2024	2023
Revenue:
Service	$1,807,472	$6,605,852
Service - related party	-	500
Total revenue	1,807,472	6,606,352
Costs and expenses:
Cost of revenue (exclusive of items shown separately below)	9,732,205	11,928,931
Depreciation	1,736,828	729,412
Research and development	82,850	1,399,560
General and administrative	13,370,486	18,271,832
Severance	-	1,476,636
Impairment of property and equipment	-	25,354,791
Loss on contract	-	2,542,913
Total costs and expenses	$24,922,369	$61,704,075
Operating loss	(23,114,897)	(55,097,723)
Other (income) expense:
Other expense, net	110,361	627,580
Loss on lease termination	18,721	453,162
Foreign currency transaction loss	61,597	44,020
Loss on extinguishment of debt	127,605,940	-
Loss on exchange of warrants	-	590,266
Change in fair value of warrant liabilities	(13,559,010)	(14,902,427)
Change in fair value of New Convertible Debentures	(7,989,948)	-
Change in fair value of November 2024 Debentures	435,864	-
Interest expense, net	5,108,227	8,776,277
Total other (income) expense, net	111,791,752	(4,411,122)
Net loss	$(134,906,649)	$(50,686,601)
Basic and diluted loss per share (As adjusted, see Note 16)	$(36.73)	$(44.57)
Basic and diluted weighted average shares outstanding (As adjusted, see Note 16)	3,673,197	1,137,318

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.