Kraken Robotics Inc V.PNG

Alternate Symbol(s): KRKNF

Industrials Aerospace & Defense

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.

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Kraken Robotics Inc > Hang In There

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Post by retiredcfon Nov 25, 2024 7:17am

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Post# 36328568

Hang In There

Sales of $19.55M missed estimates of $24.0M. EBITDA of $4.14M missed estimates of $5.11M. Profit fell 29% on higher financing costs. Consolidated revenue fell 4%. 2024 revenue guidance was maintained at $90M+. EBITDA margin fell to 21% from 22%. The stock is taking a hit on the 'miss' but with the year outlook confirmed and lots of contracts signed recently, we suspect the decline is more 'sell on news' or simply profit taking (up 240% YTD) than true investor concern. With the recent financing, PNG remains well-positioned for continued growth and we would see the decline as an opportunity for aggressive, longer-term small cap investors. (5iResearch)

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