Kraken Robotics V.PNG

Alternate Symbol(s): KRKNF

Scientific & Technical Instruments

Kraken Robotics Inc. is a Canada-based marine technology company engaged in providing complex subsea sensors, batteries, and robotic systems. The Company operates through two segments: Products and Services. The Products segment is engaged in the design, manufacture, and sale of equipment, including underwater vehicle platforms, synthetic aperture sonar and subsea power equipment. Its Products business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, and SeaPower subsea battery systems. The Services segment is involved in the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. Its Services business consists of services provided by robotics as a service (RaaS) portfolio of equipment, including its Sub-Bottom Imager, Acoustic Corer, KATFISHTM, and SeaVision. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in the oceans.

TSXV:PNG - Post by User

Kraken Robotics > Results

<< Previous

Bullboard Posts

Next >>

Comment by GetKrakenon Aug 29, 2023 8:26am

154 Views

Post# 35609418

RE:Results

Net Income (loss) 2023 YTD $ 661K Income VS $ (2,045) Loss in 2022

Heavy revenue coming in second half of 2023 as we are only at 21M and 45 ot 50 more expected.

Kraken is reiterating its financial guidance for 2023. Revenue and adjusted EBITDA will continue to accelerate in the second half of 2023 as the Company executes on the large number of orders received in late 2022 and early 2023. The Company expects revenue to be in the $66 – $78 million range and adjusted EBITDA in the $12 – $17 million range.

GetKraken

<< Previous

Bullboard Posts

Next >>

Mullen Group: Navigates market challenges towards success