Nauticus Robotics Executes Definitive Agreement To Acquire 3D at Depth For Approximately $34M In Stock, Before Purchase Price Adjustments
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Nauticus Robotics has agreed to acquire underwater laser LiDAR technology pioneer, 3D at Depth, for approximately $34M in stock. The transaction is expected to be accretive to Nauticus' 2024 revenue per share, earnings per share, and cash flow per share. In 2022, 3D generated $9.8 million of revenue with a gross profit margin over 60%, and is projected to grow revenue by more than 20% in 2023. Nauticus will also assume about $4.1 million of 3D's debt.
October 03, 2023 | 10:03 am
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Nauticus Robotics' acquisition of 3D at Depth is expected to be accretive to its 2024 financials. The company will also assume $4.1 million of 3D's debt.
The acquisition of 3D at Depth by Nauticus Robotics is expected to be accretive to its 2024 financials, indicating a positive impact on the company's stock. However, Nauticus will also assume $4.1 million of 3D's debt, which could have a negative impact in the short term.
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