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Added to YB: 2024-08-26

Pitch date: 2024-08-24

PNG.V [bullish]

Kraken Robotics Inc.

+317.01%

current return

Author Info

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Company Info

Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally.

Market Cap

CAD 1.7B

Pitch Price

CAD 1.47

Price Target

2.00 (-67%)

Dividend

N/A

EV/EBITDA

76.61

P/E

92.26

EV/Sales

16.00

Sector

Electronic Equipment, Instruments and Components

Category

growth

Show full summary:
Kraken Robotics (PNG.V)

PNG.V: Strong Q2 revenue +67% YoY, H1 +105%. Gross margin down 800bps Q2, 1000bps H1. Admin costs +22% YTD on 105% rev growth. Net income before tax +50% Q2, 5.6x H1. 3.6x TTM Sales/MC, 13.8x EV/EBITDA. Cash flow issues, poor disclosure. Upgraded to 3.5 stars. $2 PT.

Read full article (5 min)