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Nauticus Robotics, Inc.
5/15/2025
Good day, ladies and gentlemen, and welcome to the Nauticus Robotics 2025 Q1 Earnings Conference Call. At this time, all lines are in listen-only mode. Following the presentation, we will conduct a question and answer session. To participate, simply press the star and then the number 1 on your telephone keypad. You will hear a prompt that your hand has been raised. To withdraw your question, please press the star followed by the number 2. If at any time during this call you require immediate assistance, please press the star and the number 0 for the operator. This call is being recorded on Thursday, May 15, 2025. I would now like to turn the conference over to Christine Moorman. Please go ahead.
Thank you, and good morning, everyone. Joining me today and participating in the call are John Gibson, CEO and President, Vicki Hay, Interim CFO, and other members of our leadership team. On today's call, we will first provide prepared remarks concerning our financial and operations results. Following that, we will answer questions. We have now released our results for the first quarter of 2025, 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.
Good morning, and thank you for joining us. Today's call comes at an exciting time for Nauticus Robotics. With the successful acquisition of C-Trepid in March, we've entered a new chapter marked by operational scale. expanding commercial opportunities, and growing demand for our autonomous subsea technologies. Over the next few minutes, you're going to hear from our executive team on our first quarter financials, operational progress, and our emerging pipeline of offshore work, all pointing to a business gaining momentum and maturing rapidly. While Q1 results reflect the seasonal nature of offshore work and the timing of our acquisition, The quarter also marked the beginning of our 2025 offshore season and the formal start of our integration efforts. Early signs are encouraging. We've mobilized equipment, secured extended contracts, and are seeing enthusiastic interest in our Aquanaut platform from both existing and new customers. The conversations have shifted from what if to how soon, and that signals real traction. Now to turn it over to Team Nauticus to explain how we intend to meet the growing demand for safer, smarter, and more sustainable subsea solutions. With that, I'm going to hand it to Vicki, our interim CFO, and let her get us started on the financial side for Q1. Vicki?
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