Nauticus Robotics, Inc.

Good morning, ladies and gentlemen. Welcome to Nauticus Robotics 2025 Q2 Earnings Conference Call. At this time, online is your analysis and only mode. Following the presentation, we will conduct a question and answer session. If at any time during this call you require immediate assistance, please press star zero for the operator. This call is being recorded on Tuesday, August 12, 2025. I would now like to turn the conference over to Kristen Mormon. Please go ahead.

Thank you and good morning, everyone. Joining me today and participating in the call are John Gibson, CEO and President, Jimena Vergara, 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 second 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.

Well, good morning. Thank all of you for joining us this morning. Q2 2025 was a quarter of disciplined execution and significant commercial progress. We grew revenue year over year. We integrated a strategic acquisition, and we positioned the company to drive long-term profitable growth. Now, service revenue for the quarter was over $2 million. That's more than four times the prior year period. with strong contributions from both oil and gas and environmental compliance work. Our customer base also expanded. We served nine clients, and revenue concentration improved, meaning that we have more customers and not depended on so few. This diversification will allow us to scale as we go forward. The acquisition of C-TREPIT was a key milestone. It expanded our service capacity. It deepened our customer footprint, gave us a channel, and it unlocked opportunities to deploy our autonomy stack, including Nauticus Toolkit and Aquanaut, across a much larger operating base. We're already seeing the benefits of that integration in backlog and margin profile. Importantly, we now have revenue visibility into the fourth quarter in early 2026, including a pending multi-month contract with the supermajor oil company. That opportunity expected to begin in Q4, provides valuable off-season revenue and margin continuity, and it's historically been a challenge to have available work for services in Q4 and Q1. This will reduce our seasonality. We continue to take a disciplined approach to liquidity. Through cost controls and capital execution, we ended the quarter with $2.7 million in cash, up $1.2 million at year-end. This includes proceeds from an at-the-market offering, which gives us some additional flexibility as we invest in growth. Looking ahead, our strategy remains focused. Drive service revenue with the expanded fleet. Scale autonomy products like Aquanaut and Toolkit. Convert inbound interest into long-term recurring contracts and do so with financial discipline, measured investment, and clear milestones. We're entering the second half of the year with real momentum, a growing pipeline, a differentiated platform, and customers that really want to see innovation that help them reduce their cost. With that, I'll now hand it over to Ximena Beguedes, our interim CFO, to get us started. Ximena.