Added to YB: 2024-08-26
Pitch date: 2024-08-24
PNG.V [bullish]
Kraken Robotics Inc.
+359.18%
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 military and commercial applications.
Market Cap
CAD 2.0B
Pitch Price
CAD 1.47
Price Target
2.00 (-70%)
Dividend
N/A
EV/EBITDA
88.88
P/E
-2.8K
EV/Sales
18.00
Sector
Electronic Equipment, Instruments and Components
Category
growth
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.
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