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Bullboard - Stock Discussion Forum Kraken Robotics Inc V.PNG

Alternate Symbol(s):  KRKNF

Scientific & Technical Instruments
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 > Stockchase Insights
View:
Post by retiredcf on Aug 24, 2024 6:32am

Stockchase Insights

BUY
Kraken Robotics Inc.(PNG-X)
23/08/2024
 
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
Net income rose 31% year-over-year to $2.6M. Revenue rose 67%(!) year-over-year to $22.8M. Product revenue increased 83% year-over-year driven by increased sales across key products. Adjusted EBITDA increased 79% in the quarter to $5.4M. PNG maintained its outlook for the full year 2024 expecting revenue between $90M to $100M and Adjusted EBITDA in the $18.0M to $24.0M range. This outlook is, "driven by contracts in hand and reflects strength across both our Product and Service groups addressing defense and offshore energy customers." Another very strong quarter for PNG continuing its run and the stock has hit another high today. 
 
Technology
$1.460
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Kraken Robotics Inc