Nauticus Robotics, Inc.

Good day, everyone, and welcome to today's Nauticus Robotics 2024 Q2 earnings call. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions during the question and answer session. You may register to ask a question at any time by pressing the star and 1 on your telephone keypad. You may withdraw yourself from the queue by pressing star 2. Please note, this call may be recorded. I'll be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Kristen Moorman, Nautica's Special Project Leader.

Thank you, and good morning, everyone. Joining me today and participating in the call are John Gibson, CEO and President, Vicki Hay, Interim CFO, Nick Bickney, Outgoing General Counsel, John Symington, Incoming General Counsel, and other members of our leadership team. On today's call, we will first provide prepared remarks concerning our operations and financial results. Following that, we will answer questions. We have now released our results for the second quarter of 2024, which are available on our website. In addition, today's call is being webcast and a replay will be available on our website shortly following the conclusion of the call. Please note that comments we make on today's call regarding projections or our expectations for future events are forward-looking statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control. These risks and uncertainties can cause actual results to differ materially from our current expectations. We advise listeners to review our earnings release and the risk factors discussed in our filings with the SEC. Also, please refer to the reconciliations provided in our earnings press release as we may discuss non-GAAP metrics on this call. I will now turn it over to John.

Well, thank you, Kristen. Good morning, and thank you for joining us on our conference call today. It's going to be a short call today. We're currently really focused on the 2025 backlog and we have opportunities, both commercial and defense work, that are being worked on and we'll be press releasing our progress on those contracts as they close. We continue to receive strong support from our existing lenders as they're converting to ventures, which has the dual impact of reducing our leverage and increasing our market cap. So thank you to our lenders. We finished phase one for the largest South American deep water operator and billed and received payment recently. We received a letter also for the completion of a DIU project, a successful completion, and we'll send that final bill in Q3. We're planning to go to the Gulf of Mexico with the Aquanaut Mark II vehicle this month and are finalizing requirements and scope for work with customers now. Daniel, our head of operations, is going to cover more of that in his section. Before we turn to our operational and testing activities, though, I want to update you on our progress with meeting NASDAQ's continuing listing standards. I want to thank our shareholders for approving the reverse split proposal at our June 28 shareholder meeting. This key vote allowed us to perform a reverse split on July 22, which has brought our stock price over the $1 minimum bid price required by NASDAQ. We are continuing to work with NASDAQ on our plan to meet the market capitalization requirement and have engaged advisors who are experts in NASDAQ hearings and extensions. Now, with that, I'm going to turn the call over to Daniel Dayhart, our field operations leader, to give you an update on our operations. Daniel.