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Stock impact report

Nauticus Robotics Announces Results for the Second Quarter of 2024 [Yahoo! Finance]

Nauticus Robotics, Inc. - Common stock (KITT) 
Company Research Source: Yahoo! Finance
"I would like to thank our existing lenders for their continued support. Their steady conversion of warrants and convertible debentures improve our market cap and reduce our interest burden and our leverage," said John Gibson , Nauticus' CEO and President. "We successfully completed Phase I of a program for the largest offshore producer in Brazil . This phase has been billed and collected. We expect to complete Phase II without additional deepwater tests and can execute a significant portion of Phase III while in the Gulf of Mexico this year. We are committed to delivering supervised autonomy to subsea assets during Q3." Operational Highlights Vehicle 2 Testing: Nauticus' flagship vehicle, Aquanaut Mark 2 (Vehicle 2), underwent planned maintenance this quarter before shipping to Florida Atlantic University (FAU) for open water testing of capabilities refined after the vehicle's initial Gulf of Mexico (GOM) testing during the first half of the year. The vehicle is planned to ship Show less Read more
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