Nauticus Robotics, Inc. (NASDAQ:KITT) Q4 2023 Earnings Call Transcript April 10, 2024 11:00 AM ET

Company Participants

Kristin Moorman - Special Projects Leader
John Gibson - CEO and President
Stu Donnan - Chief Engineer
Vicki Hay - Interim CFO
Jorge Machnizh - Sales and Business Development Leader

Conference Call Participants

Brian Dobson - Chardan Capital Markets

Operator

Good day everyone and welcome to today's Nauticus Robotics 2023 Q4 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. [Operator Instructions] Please note this call is being recorded and I will be standing by if you should need any assistance. It is now my pleasure to turn the conference over to Kristin Moorman, Nauticus Special Project Leader.

Kristin Moorman

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 Bigney, General Counsel, and other members of our leadership team. On today's call, we will first provide prepared remarks concerning our operations, vehicle testing, and financial results. Following that, we will answer questions. We have now released our results for the full year and fourth quarter of 2023, which is 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.

John Gibson

Thanks, Kristin. Good morning and thank you for joining us on the call this morning. I'm pleased to be presenting our quarterly results for the first time as CEO. A great deal has transpired since the last conference call. First, over the last four months, we've initiated a transformation of the company from being a research and development organization to being a customer-centric innovation for profit enterprise. During the fourth quarter, we added an Interim CFO, Vicki Hay, with 17 years of public company reporting and operational cost management skills, and we added a General Counsel, Nick Bigney, with public company experience as well as complex deal and financing expertise. We've recently added to the team sales leadership with Jorge Machnizh. Jorge has experience in domestic and international sales, including in Brazil and Norway, two important countries to us. And has kept in a nine-digit multi-year software and service sale in Latin America for a previous company. He brings superior skills and collaboration with customers combined with the full alignment of our company effort to deliver the contractual requirements we've signed up for. We also have an incredible team of engineers, mechanical, electrical, and software, who are currently certifying the Aquanaut Mark 2 for commercial work during the fall of 2024. As the year progresses, we will have the leaders from each of our business units present during the earnings call. With a great team, you can expect great results, as you will see in a moment. Those results are beginning to be realized.