Added to YB: 2024-11-25
Pitch date: 2024-11-22
PNG.V [bullish]
Kraken Robotics Inc.
+226.09%
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 2.07
Price Target
N/A
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) 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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