Added to YB: 2024-11-25
Pitch date: 2024-11-22
PNG.V [bullish]
Kraken Robotics Inc.
+196.14%
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 2.07
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
growth
Kraken Robotics ($PNG.V) FINS Review
PNG.V (downgrade to 3.25 stars): Q3 revenue -4% YoY, lowest in 5 quarters. Cash flow woes: -$10M OCF YTD vs +$4.1M in 2023. $51.8M raise at $1.60. 27% dilution since Q3 2023. Bull case: YTD revenue +52%, net income +117%. $90-100M 2024 guidance. Concerns: high valuation (6x TTM rev, 59 P/E), cash management. Downgraded to 3.25 stars.
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