Nauticus Robotics (NASDAQ:KITT) Issues Earnings Results

Nauticus Robotics (NASDAQ:KITTGet Free Report) posted its quarterly earnings results on Monday. The company reported ($0.23) EPS for the quarter, Zacks reports. The company had revenue of $0.46 million during the quarter.

Nauticus Robotics Price Performance

Shares of NASDAQ KITT traded down $0.01 during midday trading on Wednesday, hitting $0.16. 11,369,378 shares of the company’s stock were exchanged, compared to its average volume of 3,297,967. The stock’s 50 day moving average price is $0.23 and its 200-day moving average price is $0.62. The firm has a market cap of $9.97 million, a P/E ratio of -0.11 and a beta of 0.18. Nauticus Robotics has a twelve month low of $0.12 and a twelve month high of $2.49.

Insider Activity at Nauticus Robotics

In related news, CEO John W. Gibson, Jr. sold 352,475 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $0.19, for a total value of $66,970.25. Following the sale, the chief executive officer now directly owns 615,305 shares in the company, valued at approximately $116,907.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 47.90% of the company’s stock.

About Nauticus Robotics

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Nauticus Robotics, Inc develops and provides ocean robots, software, and services to the ocean industry. The company offers Aquanaut, an autonomous underwater vehicle (AUV) with sensor suite, which provides capability to observe and inspect subsea assets or other subsea features; and Argonaut, a derivative product of the Aquanaut that is used for non-industrial and government applications.

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Earnings History for Nauticus Robotics (NASDAQ:KITT)

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