S&P 500 rises as health care, tech gain to overshadow Fed independence concerns
HOUSTON - Nauticus Robotics, Inc. (NASDAQ:KITT), a micro-cap robotics company currently valued at $36.39 million, announced Tuesday that its Aquanaut Mark 2 underwater vehicle achieved a depth record of 2,300 meters during testing 240 kilometers off Louisiana’s coast. According to InvestingPro analysis, the company’s stock is currently trading near its Fair Value despite recent market volatility.
The untethered autonomous underwater vehicle completed the deepwater test without requiring a physical connection to surface vessels, according to the company’s statement.
"Our vehicle has reached unprecedented ultra deepwater depths without the need of a tether," said Daniel Dehart, Nauticus’ VP of Field Operations. He noted that the tests provided significant data on both the Aquanaut and the company’s ToolKITT software, particularly regarding acoustic communication challenges in ultra deep water.
The Aquanaut is designed to perform underwater tasks including imaging subsea structures, seabed scanning, leak detection, and visual inspection. Being untethered eliminates the need for topside structures traditionally required for such operations.
John Gibson, Nauticus Robotics’ CEO, stated that the company’s operational capabilities underwater continue to expand with each test. The company claims its technology could help oil and gas customers reduce costs by 30-40 percent compared to traditional underwater operations.
Nauticus Robotics develops autonomous robots for ocean industries, with a business model that includes robotic services, vehicle sales, and software licensing for both commercial and defense sectors.
The information is based on a press release issued by the company. The achievement represents a technical milestone for the firm’s underwater autonomous vehicle program, which is currently under testing.
In other recent news, Nauticus Robotics reported its Q2 2025 earnings, showcasing significant revenue growth. The company’s revenue for the quarter reached $2.1 million, representing a notable increase from the previous year. Despite this revenue growth, Nauticus Robotics reported a net loss of $7.4 million. In another development, the board of directors approved an amendment to the company’s bylaws to lower the quorum requirement for shareholder meetings to one-third of the voting power. This change reduces the previous threshold, potentially making it easier for the company to hold shareholder meetings. These recent developments reflect Nauticus Robotics’ ongoing efforts to adapt and grow within its operational landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.