Aquabotix Technology

Aquabotix Technology

Develops autonomous ultra-portable and easily deployable technologies for surface and underwater missions.

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DateInvestorsAmountRound
investor

€0.0

round
N/A

€0.0

Valuation: €0.0

round

$80.0k

Post IPO Debt
Total Funding000k

Financials

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Revenues, earnings & profits over time
USD2018201920202021202220232024
Revenues0000000000000000000000000000
% growth-138 %(32 %)669 %200 %(18 %)-
EBITDA0000000000000000000000000000
% EBITDA margin(12500 %)(6316 %)(11538 %)(2000 %)(667 %)(1017 %)-
Profit0000000000000000000000000000
% profit margin(15000 %)(6842 %)(12308 %)(2200 %)(733 %)(1114 %)-
EV0000000000000000000000000000
EV / revenue00.0x00.0x00.0x00.0x00.0x00.0x00.0x
EV / EBITDA00.0x00.0x00.0x00.0x00.0x00.0x00.0x
R&D budget0000000000000000000000000000

Source: Company filings or news article

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More about Aquabotix Technology
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Aquabotix Technology Corporation specialized in the design, development, and sale of commercial and industrial-grade unmanned underwater vehicles (UUVs), also known as underwater drones. Originally a U.S.-based company, it established a presence in both Fall River, Massachusetts, and Sydney, Australia. The company's product line was developed to serve a multitude of sectors including defense, law enforcement, public safety, port security, and various commercial marine industries such as aquaculture and infrastructure inspection.

Founded with sales commencing in 2011, Aquabotix established itself by manufacturing remotely operated vehicles (ROVs) and hybrid autonomous/remotely operated vehicles (AUV/ROVs). A key feature of their technology was the intuitive control system, which allowed users to operate the drones via laptops or iPads, significantly lowering the barrier to entry for pilots. In 2017, the company introduced its "Live Remote Control" technology, which enabled users to operate the drones from anywhere in the world over the internet, a significant advancement for multi-site businesses and remote operations. Their product portfolio included models like the Endura, capable of reaching depths of 300 meters, and the SwarmDiver, a micro-sized hybrid UUV that could be deployed in swarms. These products attracted high-profile clients, including the U.S. Navy, U.S. Army, U.S. Coast Guard, and NASA, which utilized an Aquabotix drone for its Ocean Worlds exploration program.

In April 2017, Aquabotix went public on the Australian Securities Exchange (ASX) through a reverse takeover by UUV Aquabotix Ltd, raising approximately AU$7 million to fund further growth. This made it the world's only publicly traded underwater drone company at the time. The company pursued an expansion strategy, appointing new distributors across Canada, Europe, and Asia-Pacific. A significant milestone was a $520,000 order from a major Asian military agency for its SwarmDiver vehicles in 2019, the largest in its history. Despite these successes, the company faced challenges, and its securities were suspended from the ASX due to its operations being deemed inadequate to warrant continued quotation. Subsequently, UUV Aquabotix Ltd changed its name to One Click Group Limited.

Keywords: unmanned underwater vehicles, UUV, underwater drones, remotely operated vehicles, ROV, autonomous underwater vehicles, AUV, marine robotics, sub-sea drones, SwarmDiver, Endura ROV, underwater inspection, port security, naval technology, military drones, ocean exploration, aquaculture technology, underwater cameras, man-machine teaming, UUV Aquabotix

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