KITT Earnings Prediction
The chart below shows how KITT performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KITT sees a +10.79% change in stock price 10 days leading up to the earnings, and a -11.11% change 10 days following the report. On the earnings day itself, the stock moves by -1.48%. This data can give you a slight idea of what to expect for the next quarter's release.
KITT Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
370.19K
-76.77%
-26.21%
Gross Margin
-735.82%
862.61%
32.54%
Operating Margin
-1504.61%
192.52%
25.55%
Net Margin
-3067.90%
176.59%
186.45%
EPS
-4.24
-886.05%
54.18%
No Data Available
KITT Earnings Analysis
Nauticus Robotics, Inc. Common stock Corporation (KITT.O) Earnings Conference Call
Positive
Industry First Achievement: In Q3, we achieved an industry first by success.
Industry Milestone Achievement: This is a significant milestone for us and for the industry.
Business Backlog Development: We are now focused on leveraging the success to create our company's first business backlog of 2025 consisting of both commercial and defense work.
Commercial Launch of Aquanaut: We completed customer qualifications and began commercial execution in Q3 2024 with our Aquanaut vehicle in the Gulf of Mexico.
Subsea Data Collection: The Aquanaut vehicle was able to provide high-quality data on our customer's subsea assets utilizing untethered autonomy and depths up to one thousand meters.
Negative
Quarterly Revenue Decline: Revenue for the third quarter was $0.4 million, which is down $0.1 million from the second quarter of 2024 and down $1.2 million from the same period last year.
Quarterly Net Loss Analysis: Net loss for the quarter was $11.4 million. This is a $6.3 million reduction from the third quarter of 2023 and a $6 million increase sequentially.
Revenue Decline in Gulf: The magnitude of the decline in revenue was large in the Gulf of Mexico, resulting in some revenues shifting to Q4.
Quarterly Adjusted Net Loss: Adjusted net loss for the third quarter was $11.4 million, compared to $9 million for the prior quarter and $8.1 million in the same period prior year.
Debt Conversion Liability Impact: The third quarter was adversely impacted by the $2.1 million charge relating to the debt conversion liability.
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KITT Earning Call Sentiment
Nauticus Robotics, Inc. (KITT) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
KITT.O
0.63%Positive
The earnings call reflects mixed signals: positive aspects include cost reduction, new partnerships, and strategic shifts towards commercial projects. However, there are significant concerns, such as a decline in revenue, high debt, and regulatory compliance issues. The Q&A section did not provide further clarity on management's strategies to mitigate these risks. The combination of optimistic guidance and financial challenges suggests a neutral market reaction.