Kraken Robotics Inc. (KRKNF)
OTCQB OTCQB Primary 
Kraken Robotics: It's A Very Good Time To Buy
Kraken Robotics Inc. offers a strong buying opportunity due to its 25% stock drop, robust revenue growth, and expanding TAM in underwater robotics and defense markets. The company specializes in advanced underwater sensors, batteries, and robotics, with significant growth in its Services segment and new defense contracts boosting future revenues. Kraken's gross margin of 49% and consistent adjusted EBITDA margin of ~21% highlight its profitability, despite increased R&D and production costs.
Kraken Robotics Receives $34 Million of SeaPower Battery Orders
Company to Open New Battery Production Facility to Meet Defense Market Demand Company to Open New Battery Production Facility to Meet Defense Market Demand
Kraken Robotics Announces the Passing of Founder and Former CEO, Karl Kenny
ST. JOHN'S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is saddened to announce the passing of Founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year tenure, before retiring in December 2022.
Kraken Robotics Reports Q3 2024 Financial Results
Year to date Revenue increased 52% Year-over-Year to $63 Million, Adjusted EBITDA increased 64% to $14 Million Year to date Revenue increased 52% Year-over-Year to $63 Million, Adjusted EBITDA increased 64% to $14 Million
Kraken Robotics: Outstanding Performance, But Can It Keep It Up?
Kraken Robotics Inc. has shown impressive revenue growth and profitability, driven by high demand for its products and strategic acquisitions, leading to a 350% share price increase in the last year. The company's financial health is strong, with significant cash reserves, manageable debt, and an interest coverage ratio of 7.2x, indicating efficient capital allocation. Despite its success, I am initiating coverage with a hold rating, awaiting the next quarterly report to assess continued performance and potential guidance updates.
Kraken Robotics Demonstrates New KATFISH Autonomous Launch and Recovery System to Navy Customers
ST. JOHN'S, Newfoundland and Labrador, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces the completion of demonstrations for its new Autonomous Launch and Recovery System (ALARS) for KATFISH™ towed synthetic aperture sonar (SAS). The Company performed demonstrations for more than 40 naval customers and partners from October 21-25, 2024 in Halifax Harbour, Nova Scotia.
Kraken Robotics Completes $51.75 Million Bought Deal Public Offering
Not for distribution to United States newswire services or dissemination in the United States. ST. JOHN'S, Newfoundland and Labrador, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSXV: PNG, OTCQB: KRKNF) is pleased to announce today that it has closed its previously announced “bought deal” short form prospectus offering (the “Offering”) of common shares of the Company (“Common Shares”).
Kraken Robotics Inc. Files Final Short Form Prospectus in connection with its Bought Deal Public Offering
Final Short Form Prospectus Accessible on SEDAR+ Not for distribution to United States newswire services or dissemination in the United States ST. JOHN'S, Newfoundland, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces that, further to its news releases dated October 1, and October 2, 2024, it has filed a final short form prospectus dated October 16, 2024 (the "Final Prospectus") with the securities commissions in each of the provinces of Canada, except Quebec pursuant to its $45 million bought deal public offering of common shares (the "Common Shares") at $1.60 per Common Share (the "Offering") through a syndicate of underwriters led by Cormark Securities Inc., and including Canaccord Genuity Corp., Beacon Securities Limited, Raymond James Ltd.
Kraken Robotics Receives $13 Million of Subsea Battery Orders
ST. JOHN'S, Newfoundland and Labrador, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V: PNG, OTCQB: KRKNF) announces that it has received orders totalling $13 million for SeaPowerTM subsea batteries from existing clients. Rated for depths up to 6,000 meters, Kraken's subsea batteries provide up to twice the energy density and weigh 46% less per kWh than traditional pressure-housed batteries.
Kraken Robotics Announces More than 50 Mine-Like Targets Found with MINSAS During Annual REPMUS Exercise
ST. JOHN'S, Newfoundland and Labrador, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that their Miniature Interferometric Synthetic Aperture Sonar (MINSAS) was evaluated by five NATO navies at the Portuguese Navy annual Robotic Experimentation and Prototyping with Maritime Unmanned Systems (REPMUS) exercise, which took place in Sesimbra and Troia, Portugal.
Kraken Robotics Receives $3 Million in Orders for Synthetic Aperture Sonar Systems
ST. JOHN'S, Newfoundland and Labrador, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce that it has received several orders totaling approximately $3 million for Miniature Synthetic Aperture Sonar (MINSAS) systems from three separate customers.
SeeByte and Kraken Robotics sign MOU
ST. JOHN'S, Newfoundland and Labrador, Sept. 03, 2024 (GLOBE NEWSWIRE) -- SeeByte Ltd (SeeByte) and Kraken Robotics Inc. (Kraken) have signed a Memorandum of Understanding (MOU) under which they will seek to enhance their complimentary system offerings to bring customers an integrated solution across maritime mission planning, data collection, and data analysis.
