Nauticus Robotics Signs Manufacturing and Sales Agreement with Forum Energy Technologies
Nauticus Robotics (KITT) announced the signing of a Manufacturing and Sales Agreement with Forum Energy Technologies (FET). Under the agreement, FET will lead the commercialization, manufacturing, and distribution of Nauticus' Olympic Arm electric manipulator system, while Nauticus continues to advance the robotics, autonomy, and intelligent control technologies that underpin next-generation subsea manipulation.
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- Significant Revenue Growth: Despite a decline in global drilling activity, Forum Energy Technologies achieved a 20% increase in revenue per rig in 2025, with Q4 revenue reaching $202 million, exceeding expectations and demonstrating the company's resilience and market share gains in challenging conditions.
- Innovation-Driven Products: The company commercialized ten new products in 2025, notably the SecuraSlim stage collar and DURACOIL 95, driving the subsea product line's orders to nearly 190% book-to-bill, indicating strong demand and ongoing investment in technological innovation.
- Strong Cash Flow: Free cash flow for 2025 totaled $80 million, enabling a 28% reduction in net debt and repurchase of approximately 11% of outstanding shares, showcasing effective capital management and shareholder return strategies.
- Optimistic Future Outlook: Management projects 2026 revenue between $800 million and $880 million, with EBITDA of $90 million to $110 million, reflecting confidence in sustained growth and market expansion, particularly in international markets.
- Strong Earnings Report: Forum Energy Technologies reported Q4 2025 revenue of $202 million and adjusted EPS of $0.41, surpassing analysts' expectations of $191 million and $0.36, indicating robust market performance.
- Optimistic Future Outlook: The company projects 2026 revenue between $800 million and $880 million, with the midpoint representing a 6% year-over-year growth, reflecting management's confidence in future expansion.
- Robust Backlog Growth: As of the end of 2025, Forum Energy Technologies had a backlog of $312 million, a 46% increase from the end of 2024, marking the highest level in 11 years and indicating strong market demand.
- Attractive Valuation: With shares currently priced at only 10.4 times forward earnings, investors may find this an opportune moment to consider Forum Energy Technologies as a viable investment option given its stable growth prospects.
- Strong Financial Results: Forum Energy Technologies reported Q4 2025 revenue of $202 million and adjusted EPS of $0.41, surpassing analysts' expectations of $191 million and $0.36, indicating robust performance in the energy sector.
- Optimistic Future Outlook: The company projects 2026 revenue between $800 million and $880 million, with a midpoint indicating a 6% year-over-year growth, and adjusted EBITDA expected to be between $90 million and $110 million, reflecting a 16% increase from 2025's $86 million.
- Record Backlog: At the end of 2025, Forum Energy Technologies had a backlog of $312 million, a 46% increase from the previous year, marking the highest level in 11 years and providing a solid foundation for future growth.
- Attractive Market Valuation: With shares priced at only 10.4 times forward earnings, Forum Energy Technologies presents a compelling investment opportunity, especially as companies providing goods and services to the oil and gas sector are also worthy of consideration despite the focus on supermajors.
- Strong Earnings Report: Forum Energy Technologies reported a Q4 non-GAAP EPS of $0.41, beating estimates by $0.05, indicating a sustained improvement in profitability and reflecting its competitive position in the market.
- Revenue Growth: The company achieved Q4 revenue of $202.2 million, a 0.6% year-over-year increase that exceeded market expectations by $11.70 million, demonstrating its ability to achieve modest growth in a stable market environment and boosting investor confidence.
- Robust Orders: With total orders reaching $891 million and a book-to-bill ratio of 113%, the company showcases strong market demand and future growth potential, further solidifying its position in the energy sector.
- 2026 Guidance: The company projects 2026 revenue between $800 million and $880 million, slightly below the consensus of $802.90 million, yet with significant increases in adjusted net income and EBITDA, reflecting confidence in future strategic planning.







