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

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TSXV:PNG - Post Discussion

Kraken Robotics Inc > Hang In There

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Post by retiredcf on Nov 25, 2024 7:17am

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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