Nauticus Robotics is an AI company that many investors have yet to discover. If you think you’ve already explored all artificial intelligence stocks, think again. Nauticus Robotics (NASDAQ: KITT) is a robotics company that uses sensors, AI, and algorithms to develop autonomous robots for oceans. This unique AI angle presents a potentially lucrative opportunity that won’t break the bank, as Nauticus Robotics stock is priced at just pennies per share.
Nauticus Robotics recently tested its flagship ocean-robotics vehicle, the AUV Aquanaut Mark 2, in the Gulf of Mexico. The successful tests have positioned the company to start generating revenue from existing contracts as early as Q3 2024. With day rates for the Aquanaut vehicle and related services projected to range between $25,000 and $70,000, the potential for revenue growth is significant.
While Nauticus Robotics reported positive net income of $0.4 million in the first quarter of 2024, it also sustained an adjusted net loss of $7.4 million. Investors should monitor the company’s financial reports for improvements in profitability. Despite some financial challenges, Nauticus Robotics is making strides with its AUV Aquanaut Mark 2 vehicle, making it a promising AI stock pick for 2024.
Overall, Nauticus Robotics presents an interesting opportunity for investors willing to take on some risk. Keep an eye on the company’s progress and consider adding a few shares of Nauticus Robotics stock to your portfolio for potential growth in the AI sector.