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Bullboard - Stock Discussion Forum 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... see more

TSXV:PNG - Post Discussion

Kraken Robotics Inc > Q1 FINS Review (3.25 / 5)
View:
Post by WolfOakville on May 30, 2024 7:55am

Q1 FINS Review (3.25 / 5)

"A pretty successful quarter overall, but the big margin swings are likely going to have investors feel somewhat uneasy."

Full Review:

FINS Review
Comment by Possibleidiot01 on May 30, 2024 6:37pm
Three quick comments. "72% of those $10.7M worth of receivables are due from two customers and they do not provide any aging." Yes, it would be nice to know if these are government or private company contracts. Governments may be slow but I've heard they eventually pay. 'During the company's annual meeting in late June a share consolidation is being proposed. I think it is ...more  
Comment by Torontojay on May 31, 2024 6:02am
  Joe Mackay  said in an interview a few years ago that they target gross margins between 47%- 52% with fluctuations from quarter to quarter. Margins on batteries are lower than 45% so a quarter heavy on battery orders will have lower margins.