Added to YB: 2025-06-04
Pitch date: 2025-06-02
PNG.V [neutral]
Kraken Robotics Inc.
+155.88%
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 2.38
Price Target
N/A
Dividend
N/A
EV/EBITDA
76.61
P/E
92.26
EV/Sales
16.00
Sector
Electronic Equipment, Instruments and Components
Category
turnaround
Monthly Update June 2025 - Kraken Robotics Inc.
PNG.V (holding update): Q1 results soft (rev -23%, profit $2.2M→$0.2M) but lumpy business; guidance reiterated. Missed Singapore Navy $50M contract to Thales, but bigger opportunities coming in US ($100M+) and India. US defense budget includes $1.6B for UUVs; Anduril partnership could boost battery sales. KATFISH demos worldwide driving future wins.
Read full article (1 min)