Added to YB: 2026-09-02
Pitch date: 2026-08-29
PNG.V [bullish]
Kraken Robotics Inc.
-5.06%
current return
Author Info
No bio for this author
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 1.8B
Pitch Price
CAD 5.34
Price Target
N/A
Dividend
N/A
EV/EBITDA
97.87
P/E
-255.86
EV/Sales
15.82
Sector
Electronic Equipment, Instruments and Components
Category
growth
Kraken Robotics ($PNG.V) – Q2 2026
PNG.V (earnings): Kraken’s Q2 did not yet reflect the transformation following the Covelya acquisition and production-capacity expansion, but underlying momentum remained strong: revenue rose 4% to $27.3M despite a one-time $1.5M reversal, with product sales up 11% excluding it. Gross margin expanded three points to 59% on mix and adjusted EBITDA was $5M, or 18%. Kraken added nearly 10 UUV battery OEM customers over roughly 12-20 months, with larger production batteries offering further potential.
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