Added to YB: 2026-06-03
Pitch date: 2026-06-01
PNG.V [neutral]
Kraken Robotics Inc.
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 2.5B
Pitch Price
CAD 8.35
Price Target
10.91 (+47%)
Dividend
N/A
EV/EBITDA
112.86
P/E
-3.6K
EV/Sales
22.86
Sector
Electronic Equipment, Instruments and Components
Category
growth
KRAKEN ROBOTICS ($PNG.V) - Q1 2026
PNG.V (earnings): Q1'26 rev +35% YoY to C$21.7M (products +50%, services +14% via 3D at Depth M&A). Net loss $3.3M on $2.8M Covelya one-offs; adj EBITDA margin 14% vs 17%, GM 56% vs 63% on mix. $108.7M cash, neg op FCF -$4.7M. NATO tailwind, $897M battery/SAS orders. 13-analyst PT C$10.91 (+46%). Risks: Covelya close/dilution ~13%, margin erosion, 79% receivables 2 clients. 7/10.
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