Nauticus Robotics Q4 EPS $(1.23) Down From $(0.21) YoY, Sales $1.06M Miss $6.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Nauticus Robotics (NASDAQ:KITT) reported a significant decrease in Q4 earnings per share (EPS) from $(0.21) last year to $(1.23) this year, alongside a 67.07% decrease in sales from $3.23 million to $1.06 million, missing the analyst consensus estimate of $6.10 million by 82.57%.
April 10, 2024 | 5:44 am
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NEGATIVE IMPACT
Nauticus Robotics reported a significant drop in Q4 EPS from $(0.21) to $(1.23) and a 67.07% decrease in sales, missing estimates significantly.
The significant miss in both earnings per share and sales compared to analyst expectations and year-over-year performance indicates a negative outlook for KITT in the short term. The magnitude of the miss in sales estimates and the decrease in sales year-over-year are particularly concerning, likely leading to negative investor sentiment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100