Added to YB: 2024-06-04
Pitch date: 2024-05-30
PNG.V [neutral]
Kraken Robotics Inc.
+500.98%
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 1.02
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 (3.25/5)
PNG.V: Kraken Robotics Q1 rev +175% YoY to $20.9M but gross margin -1500bps to 44.7%. Net income $2.18M vs $1.34M loss YoY. Post-Q1: raised $20M (10% dilution), new $45M credit line. 2-7:1 reverse split proposed. Maintain 3.25-star rating on rich valuation: 2.3x '24E rev, 13x EBITDA.
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