Nauticus ROVs completed projects for six different customers during the second quarter. These new engagements included support for the wind industry along the US East Coast and for the energy sector along the US Gulf Coast. Looking ahead, the third quarter will mark the initiation of Aquanaut^® revenue for 2025, reflecting the company’s continued progress in deploying its flagship underwater vehicle.

John Gibson, CEO and President of Nauticus Robotics, commented, “We are on track to achieve record-breaking revenue and technological milestones in 2025. The year-over-year reduction in customer concentration demonstrates strong growth in market adoption and diversification. Our team continues to transform the industry with their innovation and dedication.”

Nauticus is filling the remainder of the 2025 pipeline with current and new customers in multiple offshore industries. Continuing discussions confirm market acceptance of the combined offering of an ROV and the Aquanaut^® vehicle. Only a fraction of the customer base has already seen the Aquanaut vehicle in action, but all of them are eager for Nauticus to get into their fields to witness what it can do.

The second half of 2025 is expected to increase excitement and exposure to all that Nauticus has to offer. Customers are on board, and discussions are promising. The Aquanaut vehicle is anticipated to execute projects at ultra-deepwater depths of up to 2,200 meters by the end of the summer. This will be the first revenue for the Aquanaut^® vehicle at these depths.

Nauticus is well on its way to transitioning oceanic execution models across multiple industries. 2025 continues to be a banner year for the company, customers, and stakeholders invested in the journey.