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Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

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<div><ul><li>Nauticus Robotics (KITT) delivers an extensive range of subsea solutions using advanced autonomous robotics and specialized software. </li><li>Outfitted with high-tech sensors, intelligent navigation equipment, and powerful onboard computers, the robots are designed to execute complex underwater tasks independently, enhancing efficiency, improving safety, and lowering carbon intensity for customers.</li><li>For investors, KITT is the only pure-play autonomous underwater drone (AUD) company we are aware of.</li></ul></div>

Nauticus Robotics (KITT) delivers an extensive range of subsea solutions using advanced autonomous robotics and specialized software. Outfitted with high-tech sensors, intelligent navigation equipment, and powerful onboard computers, the robots are designed to execute complex underwater tasks independently, enhancing efficiency, improving safety, and lowering carbon intensity for customers.For investors, KITT is the only pure-play autonomous underwater drone (AUD) company we are aware of.

KITT: Strategic Advances in 3Q25; Software Gross Margin to Exceed 80%

<ul><li>KITT’s AUD technology is capable of tasks beyond traditional autonomous underwater vehicles (AUVs).</li><li>Gibson described KITT’s AUD technology as a “true close-up inspection, interaction, and manipulation platform” for gathering data, while AUVs are only capable of gathering “flyby” data.</li><li>Gibson highlighted the growing need for AUDs in offshore oil &amp; gas, wind energy, defense and other industries. </li></ul>

KITT’s AUD technology is capable of tasks beyond traditional autonomous underwater vehicles (AUVs).Gibson described KITT’s AUD technology as a “true close-up inspection, interaction, and manipulation platform” for gathering data, while AUVs are only capable of gathering “flyby” data.Gibson highlighted the growing need for AUDs in offshore oil &amp; gas, wind energy, defense and other industries. 

Nauticus Robotics, Inc. KITT: CEO on Unlocking Efficiency, Safety, and Sustainability...

<ul><li>Nauticus Robotics (KITT) specializes in autonomous robotics, primarily serving offshore oil &amp; gas and the wind energy market.</li><li>The company’s flagship technology is the Aquanaut, an autonomous undersea robot capable of operating at depths up to 3,000 meters without tethers, relying instead on acoustic communications.</li><li>KITT also provides a software platform for autonomy, which is robotics-agnostic and can run on robots from other manufacturers, enabling broad applicability. </li></ul>

Nauticus Robotics (KITT) specializes in autonomous robotics, primarily serving offshore oil &amp; gas and the wind energy market.The company’s flagship technology is the Aquanaut, an autonomous undersea robot capable of operating at depths up to 3,000 meters without tethers, relying instead on acoustic communications.KITT also provides a software platform for autonomy, which is robotics-agnostic and can run on robots from other manufacturers, enabling broad applicability. 

Nauticus Robotics, Inc: 2Q25 Shows Benefits of SeaTrepid Acquisition

<ul><li>KITT reported 1Q25 results that reflect the muted seasonality of a typical 1Q in the marine space.</li><li>Revenue was $165k, down from $464k in the year-ago period, and FCF excluding M&amp;A was ($6.7) million, in line with 1Q24.</li><li>The company sold 7.5 million shares in the quarter for net proceeds of $19.4 million and ended 1Q with ~$10.1 million in cash.</li></ul>

KITT reported 1Q25 results that reflect the muted seasonality of a typical 1Q in the marine space.Revenue was $165k, down from $464k in the year-ago period, and FCF excluding M&amp;A was ($6.7) million, in line with 1Q24.The company sold 7.5 million shares in the quarter for net proceeds of $19.4 million and ended 1Q with ~$10.1 million in cash.

Nauticus Robotics, Inc: 1Q25 Review; Customer Conversations Changing To "How Soon" From "What If"

<ul><li>Last year was transformational for KITT, with its strategy shifting to commercializing its technology from its prior focus on research and development.</li><li>The company expects 2025 “will continue to be a year of change.”</li><li>On the earnings call and callback, our focus was on sizing the opportunity, the outlook for the year given long lead times and seasonality in the business, and the competitive landscape.</li></ul>

Last year was transformational for KITT, with its strategy shifting to commercializing its technology from its prior focus on research and development.The company expects 2025 “will continue to be a year of change.”On the earnings call and callback, our focus was on sizing the opportunity, the outlook for the year given long lead times and seasonality in the business, and the competitive landscape.

Nauticus Robotics, Inc.: On the Anvil of Commercialization

United States

Nauticus Robotics, Inc. operates as a software company. The Company cloud-based subsea robots and software to provides ocean robotic solutions for energy, aquaculture, and security applications. Nauticus Robotics serves customers worldwide.

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Nauticus Robotics (KITT US)

KITT: Strategic Advances in 3Q25; Software Gross Margin to Exceed 80%

Nauticus Robotics (KITT) delivers an extensive range of subsea solutions using advanced autonomous robotics and specialized software.

Water Tower Research

Nauticus Robotics, Inc. KITT: CEO on Unlocking Efficiency, Safety, and Sustainability...

KITT’s AUD technology is capable of tasks beyond traditional autonomous underwater vehicles (AUVs). Gibson described KITT’s AUD technology as a...

Water Tower Research

Nauticus Robotics, Inc: 2Q25 Shows Benefits of SeaTrepid Acquisition

Nauticus Robotics (KITT) specializes in autonomous robotics, primarily serving offshore oil & gas and the wind energy market.

Water Tower Research

Nauticus Robotics, Inc: 1Q25 Review; Customer Conversations Changing To "How Soon" From "What If"

KITT reported 1Q25 results that reflect the muted seasonality of a typical 1Q in the marine space. Revenue was $165k, down from $464k in the year...

Water Tower Research

Nauticus Robotics, Inc.: On the Anvil of Commercialization

Last year was transformational for KITT, with its strategy shifting to commercializing its technology from its prior focus on research and...

Water Tower Research

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