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Nauticus Robotics Inc - KITT STOCK NEWS

Welcome to our dedicated news page for Nauticus Robotics (Ticker: KITT), a resource for investors and traders seeking the latest updates and insights on Nauticus Robotics.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Nauticus Robotics's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Nauticus Robotics's position in the market.

Rhea-AI Summary
Nauticus Robotics, Inc. (KITT) announced positive preliminary testing results for its Aquanaut Mk2 vehicle and financial results for Q4 2023. The company reorganized its operations, conducted successful sea trials, and reported revenue of $6.6 million for the full year 2023. However, Nauticus recorded a net loss of $50.7 million for 2023, with operating expenses increasing significantly.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.72%
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Rhea-AI Summary
Nauticus Robotics, Inc. (NASDAQ: KITT) announced the schedule for releasing its fourth quarter and year end financial results for 2023. The results will be disclosed on April 9, 2024, with an earnings conference call scheduled for April 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
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Rhea-AI Summary
Nauticus Robotics (NASDAQ: KITT) has secured over $12M net in a second tranche of investment to expedite certification of its flagship robot, Aquanaut. The investment will help in transforming tethered ROV operations to fully autonomous operations and is expected to be used for inspecting a deep-water production facility in the Gulf of Mexico. The company has also announced a change in leadership and is working on minimizing G&A costs while evaluating strategic options to maximize shareholder value and the acquisition of 3D At Depth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.02%
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Rhea-AI Summary
Nauticus Robotics, Inc. (NASDAQ: KITT) announced securing an investment and eliminating dilutive warrants and ratchet provisions of the original de-SPAC financing. The first tranche of financing was led by existing investors, with discussions ongoing for a second tranche. The company also engaged a new executive management team and promoted John W. Gibson, Jr. to interim CEO. Nauticus aims to convert its intellectual property into differentiated solutions for commercial and government customers, focusing on the blue economy.
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Rhea-AI Sentiment
End-of-Day
78.62%
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Rhea-AI Summary
Lifshitz Law PLLC announces investigations of PFIS, KITT, and LAB
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Nauticus Robotics acquires 3D at Depth for $34 million in stock, expanding its capabilities in subsea services. The acquisition strengthens Nauticus' position in autonomous underwater maritime technologies and increases the value of its Fleet assets. It also accelerates commercial market penetration and broadens Nauticus' IP portfolio. The transaction is expected to be accretive to Nauticus' 2024 per share metrics. 3D generated $9.8 million in revenue in 2022 and is on track to grow revenue by over 20% in 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.79%
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Rhea-AI Summary
Nauticus Robotics secures $20 million in financing from existing investors for fleet commissioning and commercialization. $11.6 million already funded. Company actively discussing larger round of capital with new investors.
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-0.5%
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Nauticus Robotics signs service contract with Shell for subsea inspection services
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-0.5%
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Nauticus Robotics signs MOU with MMA Offshore to develop integrated service offering for subsea infrastructures in Asia-Pacific region
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Rhea-AI Sentiment
End-of-Day
-0.99%
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Nauticus and Stinger Technology contracted for pilot project with Equinor for leak detection technology service.
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Rhea-AI Sentiment
End-of-Day
3.41%
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Nauticus Robotics Inc

Nasdaq:KITT

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KITT Stock Data

14.16M
25.78M
45.85%
15.63%
1.04%
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