KITT
Nauticus Robotics, Inc. Common stock
stock NASDAQ

KITT was brought up the other day. People still on that? Could it be another version of Kraken Robotics?

They have a horrible track record on the financial side.
This is one of those companies where you have to believe in the tech, and you are helping them finance the business to get to a next phase. (Which is what investing is).
The tech is unique in manoeuvrability of the robotic (payload) arm.
And the AI toolKITT on the software siddme, that can be installed on any vessel.
The very interesting development now is: they brought in Brian Allen. Former CEO of Beam, UK based subsea robotics and AI company.
He is currently serving as the revenue officer and is focussed on using his contacts on making ToolKITT software deals.
Of which he sees a true market opportunity based on his experience.
Software has good margins and would stabilize the balance sheet, and becoming less season dependent.
It would also mean partnerships with other companies in the subsea space.
This would be a major catalyst. And would probably position him to become CEO of KITT, seeing Gibson already alluded to somebody younger taking the wheel.
So Allen has to prove himself first, to (potential) shareholders.
He is driven, and has higher energy than management has shown so far.
A second catalyst is the DIU application, which is building on their previous DIU contract for demining with the VideoRay defender.
DoW momentum for sea and subsea technology is strengthening. Still early days, but it will become inevitable.
Third catalyst: 2027
Oil and Gas. This is Gibsons' forte, coming from that sector.
Due to high oil prices this year, the oil and gas sectoe will spend the made money in 2027 on business expansion. KITT is positioned to benefit from this. They already work with Shell, and had/have a relationship with Petrobas.
So yes, it looks gloomy. But based on the internals and the tech, it could be one to turnover quickly.

KITT was brought up the other day. People still on that? Could it be another version of Kraken Robotics?

They have a horrible track record on the financial side.
This is one of those companies where you have to believe in the tech, and you are helping them finance the business to get to a next phase. (Which is what investing is).
The tech is unique in manoeuvrability of the robotic (payload) arm.
And the AI toolKITT on the software siddme, that can be installed on any vessel.
The very interesting development now is: they brought in Brian Allen. Former CEO of Beam, UK based subsea robotics and AI company.
He is currently serving as the revenue officer and is focussed on using his contacts on making ToolKITT software deals.
Of which he sees a true market opportunity based on his experience.
Software has good margins and would stabilize the balance sheet, and becoming less season dependent.
It would also mean partnerships with other companies in the subsea space.
This would be a major catalyst. And would probably position him to become CEO of KITT, seeing Gibson already alluded to somebody younger taking the wheel.
So Allen has to prove himself first, to (potential) shareholders.
He is driven, and has higher energy than management has shown so far.
A second catalyst is the DIU application, which is building on their previous DIU contract for demining with the VideoRay defender.
DoW momentum for sea and subsea technology is strengthening. Still early days, but it will become inevitable.
Third catalyst: 2027
Oil and Gas. This is Gibsons' forte, coming from that sector.
Due to high oil prices this year, the oil and gas sectoe will spend the made money in 2027 on business expansion. KITT is positioned to benefit from this. They already work with Shell, and had/have a relationship with Petrobas.
So yes, it looks gloomy. But based on the internals and the tech, it could be one to turnover quickly.