Nauticus Robotics Q2 FY26 net loss widens 49% to $11.12 million; revenue drops 57% to $885,947 - KITT News | RalliesNauticus Robotics Q2 FY26 net loss widens 49% to $11.12 million; revenue drops 57% to $885,947
K
KITT• Operational progress
- Aquanaut Vehicle 1 logged 500+ in-water test hours.
- Nauticus ToolKITT commercialization progressed with deployments on its ROV fleet.
Q2 FY26 results and liquidity
- Nauticus Robotics posted a net loss of $11.12 million, widening 49% year over year.
- Revenue fell 57% to $885,947, on a slow start to the first half of the year in the ROV market.
- Operating loss narrowed 6% to $6.01 million; general and administrative expense dropped 25% to $3.32 million.
- Liquidity remained tight with $1.98 million in cash, cash equivalents and restricted cash; management flagged substantial doubt about going concern.
FMAO
•
