NAUTICUS ROBOTICS Announces Third Quarter FY2023 Earnings Results

🌥️Earnings Overview

Nauticus Robotics ($NASDAQ:KITT) reported their earnings results for the third quarter of FY2023, ending on September 30, 2023. Total revenue totaled USD 1.6 million, a decrease of 46.6% when compared to the same period of the previous fiscal year. The net income for the quarter was USD -17.7 million, which was 6.1 million lower than the year prior.

Share Price

At the end of the day, the stock opened at $1.8 and stayed at that price throughout the day, closing at $1.8. This is 0.6% lower than their prior closing price of $1.8. In order to understand the performance of NAUTICUS ROBOTICS’s third quarter FY2023, investors should pay close attention to several key metrics. As investors assess the performance of the company’s third quarter earnings results, they should consider each metric in order to get a better understanding of the company’s overall performance and future outlook. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Nauticus Robotics. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Nauticus Robotics. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Nauticus Robotics. More…

Key Ratios Snapshot

Some of the financial key ratios for Nauticus Robotics are shown below. More…

Analysis

After analyzing the financials of NAUTICUS ROBOTICS, GoodWhale has classified it as a ‘rhino’. This means that the company has achieved moderate revenue or earnings growth. We believe it could be an interesting option for investors who are looking for growth opportunities. Our Star Chart indicates that NAUTICUS ROBOTICS is strong in terms of growth, but weak in asset, dividend, and profitability metrics. We have also assigned it an intermediate health score of 4/10 with regard to its cashflows and debt. This suggests that the company is likely to have the stamina to ride out any crisis without the risk of bankruptcy. More…

Peers

Nauticus Robotics Inc is engaged in a fiercely competitive environment with some of the most well-known and established players in the robotics industry, such as Axon Enterprise Inc, FLYHT Aerospace Solutions Ltd and Shi Corp. All of these companies are striving to create innovative products and services that provide maximum value to their customers, and the competition between them is intense.

– Axon Enterprise Inc ($NASDAQ:AXON)

Axon Enterprise Inc is a technology company that develops, manufactures, and sells products, software, and services for law enforcement, government agencies, and military. Its products are primarily used in connection with public safety and it has been credited with helping to revolutionize the way law enforcement agencies monitor and manage incident data. As of 2023, Axon Enterprise Inc has a market cap of 15.03 billion and a Return on Equity of 4.34%. Its market cap indicates it is well-positioned to capitalize on future growth opportunities and its ROE shows that the company is profitable and efficient in its use of capital.

– FLYHT Aerospace Solutions Ltd ($TSXV:FLY)

FLYHT Aerospace Solutions Ltd is a Canadian Aerospace technology company with a focus on developing solutions for flight operations and aircraft performance optimization. The company provides solutions that enable real-time streaming of data, voice and text messaging to connect aircraft in-flight with the ground. Its current market cap is 36.09M as of 2023, reflecting the growth in the industry and its potential. Its Return on Equity (ROE) currently stands at -5.77%, indicating that the company has generated a negative return on its equity investments or has failed to use its capital efficiently.

– Shi Corp ($OTCPK:SHCC)

Shi Corp is a diversified technology company based in Tokyo, Japan. The company has a market cap of 1.39K as of 2023 and a return on equity of -0.64%. This indicates that the company has been struggling to generate profit over the past year. Despite this, Shi Corp continues to be a major player in the technology industry, offering a wide range of products and services, including software and hardware development, IT infrastructure, cloud-based computing, and many more. The company also provides consulting services to help organizations improve their operations.

Summary

Investors may be concerned with NAUTICUS ROBOTICS’s third quarter FY2023 performance, as the company reported a decrease in total revenue of 46.6% compared to the previous year and a net income of -17.7 million compared to -6.1 million the year prior. The company’s stock price decreased significantly in response to these results. Analysts may suggest that investors take a wait-and-see approach before investing in the company, as it is still in its early stages of growth and recovery.