Nauticus Robotics, Inc. (KITT) Form 10-Q — Aug 12, 2026
Nauticus Robotics reported Q2 2026 revenue of $885,947, down 57% year-over-year, with a net loss of $11.1 million versus $7.5 million a year earlier. Six-month revenue fell 53% to $1.05 million while the net loss widened 36% to $20.4 million, and the quarter included a $4.6 million loss on debt extinguishment from exchanging term loans and debentures into Series C preferred stock. The 10-Q carries explicit going-concern language: the company holds just $1.37 million of unrestricted cash, does not generate sufficient revenue to cover costs, and states it will require additional liquidity over the next twelve months.
Key figures
- Eps
- -2.11 (Q2 2026); -4.51 (H1 2026)
- Revenue
- 885947
- Total Debt
- 21632710
- Revenue Yoy
- -57% (Q2 2026 vs Q2 2025); -53% (H1 2026 vs H1 2025)
- Cash Position
- 1372758
- H1 Revenue2026
- 1045521
- Q2 Revenue2025
- 2075566
- Reverse Splits
- 1-for-9 effected Sep 5, 2025; 1-for-8 effected Apr 21, 2026
- Restricted Cash
- 604291
- Shares Outstanding
- 7471960
- Atm Remaining Capacity
- 81792369
- Atm Net Proceeds H1 2026
- 4063929
- Customer Concentration H1
- 72% of revenue from one customer
- Customer Concentration Q2
- 61% of revenue from one customer
- Total Stockholders Equity
- 5181766
- Shares Outstanding Dec2025
- 3601400
- Stock Price Used In Fair Value
- 1.23
- Loss On Debt Extinguishment H1
- 5559330
- Loss On Debt Extinguishment Q2
- 4629822
- Series DPotential Investment
- up to $3,000,000 initial plus up to $47,000,000 additional
- Subsequent Debenture Issuance
- 1500000
Price after filing
Close on the filing date to close N calendar days later (from $1.18). Historical, not a forecast.
AI analysis
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