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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

Comment by NLMooseon Nov 21, 2024 8:43am
87 Views
Post# 36323395

RE:The Quarter

RE:The Quarter

What will bother investors a little bit are not only an unexpected revenue plunge and lower than expected profit, but also poor cost management as interest costs are un in spite Bank of Canada Interest rates going down significantly over the last year.

Another area for concern are decreasing sales for its core products like KATFISH.

If Kraken Robotics wants to meet its $90 million to $100 million sales target for 2024, they will need a lot of catching up to do or the stock will face "The Great Collapse".
 

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