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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 Nov 21, 2024 8:33am
125 Views
Post# 36323376

Kraken Robotics Needs To Promote KATFISH More

Kraken Robotics Needs To Promote KATFISH More

While Kraken Robotics has posted better consolidated year for year revenue than last year, the last quarter financials were worst than expected no thanks to lower sales in their core products like KATFISH.

That's why Kraken Robotics needs to make an effort to promote their core robotics products like KATFISH and Remote Mine Disposal System (RMDS) revenue.

This major revenue decline in spite lack of warning may not be good for investors, so we can expect share prices to take a big plunge today after disappointing quarterly results.

Just remember what happened to Nortel Networks back in 2000, and you'll know what I'm faliking about.

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