10-Q · May 14, 2026
Nauticus Robotics, Inc. reported Q1 2026 results showcasing a slight decline in revenue by 3% year-over-year to $159,575, primarily due to seasonal fluctuations. Despite a reduced loss per share of -$3.69, it still…
Earnings analysis · 10-Q
KITT earnings analysis
Filed August 12, 2026 · Our reading of the company's report
The latest report
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or quantitative operating outlook, so current-quarter revenue, margins, EPS, and free cash flow…
Read full summary
The supplied 10-Q excerpt does not include the income statement, balance sheet, cash-flow statement, segment disclosures, or quantitative operating outlook, so current-quarter revenue, margins, EPS, and free cash flow cannot be reported from the provided text. The filing highlights continuing control deficiencies: disclosure controls were ineffective as of June 30, 2026 and the material weakness identified in 2024 remained unremediated. Although Nasdaq compliance was confirmed on April 27, 2026, the company remains subject to a $3.5 million quarterly equity monitor through December 19, 2026 and faces a potential $5.0 million MVLS delisting rule with no automatic cure period.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
What stood out
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Nasdaq compliance confirmed
Nasdaq’s Hearings Panel confirmed on April 27, 2026 that the company satisfied the terms of its December 4, 2025 decision and was in compliance with Nasdaq listing rules.
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Defined listing compliance target
The company’s Nasdaq listing monitor requires stockholders’ equity of at least $3.5 million for each fiscal quarter through December 19, 2026, providing a defined near-term compliance threshold.
What to watch
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Unremediated material weakness
The company’s disclosure controls remained ineffective as of June 30, 2026 because a material weakness identified in 2024 had not been remediated. The weakness involved controls over significant complex transactions and contributed to restatements for all interim periods of 2024.
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Nasdaq equity-monitor risk
The company must maintain stockholders’ equity of $3.5 million for each fiscal quarter through December 19, 2026 under the Nasdaq panel monitor. Failure to satisfy the requirement could result in delisting.
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Potential immediate MVLS delisting
A new Nasdaq rule approved by the SEC on July 22, 2026 would require at least $5.0 million of Market Value of Listed Securities for each listed class. If market value remains below that threshold for 30 consecutive business days, Nasdaq could issue an immediate Staff Delisting Determination with no automatic cure period; implementation was stayed on July 29, 2026.
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Dilution from listing remedies
The proposed $5.0 million MVLS rule could require equity issuances or corporate restructuring to restore compliance, potentially causing dilution or market volatility.
Management's outlook
No quantitative revenue or EPS outlook is provided in the supplied 10-Q excerpt; outlook appears deferred to other company disclosures.
Earlier filings 3
10-K · April 21, 2026
This Form 10-K/A (Amendment No. 1) was filed solely to provide corrected Section 302 and Section 906 certifications and states explicitly that “no other changes have been made to the Original Filing” and that the…
10-K · April 15, 2026
Nauticus Robotics positions itself as a developer of fully electric autonomous subsea robotics (Aquanaut, ToolKITT, Olympic Arm) targeting oil & gas and defense markets, and has pursued partnerships and M&A (Leidos…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.