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Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Kraken Robotics Inc. is a Canada-based marine technology company providing complex subsea sensors, batteries, and robotic systems. The Company’s high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in oceans. 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 product business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, SeaPower subsea battery systems and RMDS. 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 and KATFISH.


TSXV:PNG - Post by User

Post by NLMooseon Jun 03, 2024 12:26pm
140 Views
Post# 36069497

Kraken Robotics Is Getting "Candlepinned" Again

Kraken Robotics Is Getting "Candlepinned" Again

Looks like Kraken Robotics are being punished for posting record high revenues and profits as their stock price has plummeted around 5% today, dipping from $1.02 a share to 97 cents a share.

Talk about a bad case of Candlepinning again as they are getting punished for producing great results.

Its almost like a Candlepin Bowler getting punished for shooting a perfect "Brooklyn Side Shot" with one pin left out or even a Spread Eagle as opposed to a strike.

If there was any justice whatsoever, Kraken Robotics shares would be trading around $1.15 a share, not a mere 97 cents a share.

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