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Kraken Robotics Inc (QB)

Kraken Robotics Inc (QB) (KRKNF)

1.291
0.046
( 3.69% )
Updated: 11:07:54

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
1.291
Bid
1.27
Ask
1.30
Volume
106,455
1.22 Day's Range 1.30
0.32155 52 Week Range 1.40
Market Cap
Previous Close
1.245
Open
1.25
Last Trade
1500
@
1.291
Last Trade Time
11:07:54
Financial Volume
$ 134,331
VWAP
1.2619
Average Volume (3m)
286,192
Shares Outstanding
230,132,035
Dividend Yield
-
PE Ratio
71.37
Earnings Per Share (EPS)
0.02
Revenue
69.58M
Net Profit
5.55M

About Kraken Robotics Inc (QB)

Sector
Srch,det,nav,guid,aero Sys
Industry
Blank Checks
Headquarters
Toronto, Ontario, Can
Founded
2015
Kraken Robotics Inc (QB) is listed in the Srch,det,nav,guid,aero Sys sector of the OTCMarkets with ticker KRKNF. The last closing price for Kraken Robotics (QB) was $1.25. Over the last year, Kraken Robotics (QB) shares have traded in a share price range of $ 0.32155 to $ 1.40.

Kraken Robotics (QB) currently has 230,132,035 shares outstanding. The market capitalization of Kraken Robotics (QB) is $286.51 million. Kraken Robotics (QB) has a price to earnings ratio (PE ratio) of 71.37.

KRKNF Latest News

Subsea Intelligence Firm Announces New Contracts

This firm’s mission is to transform the future of subsea intelligence through the creation of intelligence solutions. And they just announced several new contracts totaling $2.7 million To...

Will Shares of this Robotics Firm Jump on New Government Order?

Demand for high-resolution 3D acoustic imaging solutions and services is growing, and this company just received $1.5 million in orders from a U.S. defense client. The technology enables clients...

Dual-Listed Small Cap Sees Strong Open On Tuesday

A Canadian tech company saw their shares briefly up over 75% on the day after it was announced that the company’s wholly owned subsidiaries have been awarded $7.1 million To read the full...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.059-4.370370370371.351.391.222991831.29584597CS
40.0413.281.251.41.163015641.29336028CS
120.438751.47248621380.85231.40.77032861921.1244618CS
260.540972.1103852820.75011.40.682253740.97605703CS
520.9219249.7697101060.36911.40.321551607460.8576245CS
1560.986323.2786885250.3051.40.175993180.61412679CS
2600.8235176.149732620.46751.40.1751248830.56742595CS

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KRKNF Discussion

View Posts
spec machine spec machine 1 week ago
This wasn’t luck

It was pure organic from the start

spec
👍️0
spec machine spec machine 2 weeks ago
HOD close!

$KRKNF

Sure does move like there’s more to come on this low-float microcap

Not even in full bloom yet

Cheers

spec
👍️0
Twister Twister 2 weeks ago
The right time for the right product. Go Kraken!

Another unknown overnight success following many years in the making.
👍️0
TrendTrade2016 TrendTrade2016 3 weeks ago
WE HAVE BEEN HERE FOR YEARS,I HAVE VISITED THEIR FACILITY AND STUDIED THIS CEO
HE SOLD HIS LAST COMPANY FOR 50 MILLION, THIS IS HIS BABY
👍️0
TrendTrade2016 TrendTrade2016 3 weeks ago
THEY ARE TOO BUSY BUYING SCAMS
👍️0
spec machine spec machine 3 weeks ago
It’s wild that more people haven’t picked up on this run

It’s a classic micro cap smash hit as it realizes profits (above the capex of expanding staff, facilities, and inventory)

Military contracts in a rapidly expanding subsea market, can’t get any better than that

More to come

spec
👍️0
TrendTrade2016 TrendTrade2016 3 weeks ago
KRKNF/PNG.V THE MARITIME MONSTER BREAKING NEW HIGHS
👍️0
TrendTrade2016 TrendTrade2016 1 month ago
PNG.V READY TO BLAST OFF TO 1.75
👍️ 2
BurgerKing82 BurgerKing82 1 month ago
Yea I wish I got in
👍️0
TrendTrade2016 TrendTrade2016 2 months ago
KRKNF/PNG.V...THIS NEWFOUNDLAND MONSTER IS ABOUT TO BEAST TO ALL TIME HIGHS...DAILY WEEKLY MONTHLY BREAK OUTS
👍️ 2
TrendTrade2016 TrendTrade2016 2 months ago
KRKNF/PNG.V...THE BEAST OF BEASTS, IT'S BEEN A LONG TIME COMING, AN AMAZING LITTLE COMPANY RIGHT ON THE EAST COAST. ONE OF A KIND TECH!!!
👍️ 1
spec machine spec machine 2 months ago
Well, isn't this a fun trip??

Kraken Robotics is getting noticed a lot with these numbers

=============
Kraken Robotics Reports Strong Q2 2024 Financial Results - (full release at your favorite info source)

spoiler alert - both revenue and EBITDA YTD, are up triple digits, YOY

The recent (several weeks) daily tape has consistently indicated larger trades leaning in, as I mentioned in earlier posts

All the right moves and I do believe they will be acquired sometime in the 2025-2027 range (based on nothing but gut feeling on publicly available data and statements from management)

Cheers



spec
👍️ 1
spec machine spec machine 2 months ago
Clearly they have the right stuff

Both in hardware and brain power

The scale of the longer contracts fully supports the growth trajectory as expressed in forward projections, both by management and analysts

I’m gratified that my analysis has paid off by securing a significant position which has performed very nicely so far

Cheers

spec
👍️ 1
joemax444 joemax444 2 months ago
I like the stock!! Let's go!
👍️0
cleverrox cleverrox 2 months ago
New write-up on Kraken Robotics from MicroCap Opportunities substack page:

https://microcapopportunities.substack.com/p/kraken-robotics-pure-play-in-unmanned
👍️0
spec machine spec machine 2 months ago
That was a low volume pullback

Ready for another leg up

It really needs both legs up and a vigorous ASK slapping !

It’s coming

Yep

Cheers

spec
👍️0
spec machine spec machine 3 months ago
Buyers ruled the day on today’s tape, verrry bullish movement lately

Market sentiment continues to warm up for Kraken Robotics

Cheers

spec
👍️0
spec machine spec machine 3 months ago
Big move continues with volume, nice!

This company has been displaying winner quality for quite a while and the performance numbers match my high expectations

I don’t really follow any YouTube trader advice but this guy (video link below) lays out some good points about recent numbers and events

Good to go

Stand on

spec
👍️0
spec machine spec machine 3 months ago
First off, it’s only chatter/rumors/musing ….

But, does anyone think Anduril is a potential M&A entity??

Throwing out a hypothetical- Andril purchase/merge tiny Kraken (with all of its golden tentacles, SAS, power, RAAS ….)

To throw some color on that wild possibility-
What if Anduril acquired Kraken at a valuation about double where she’s at right now

Then make that payment to current Kraken shareholders as. 50/50 cash/stock tender offer

They would acquire the existing ticker KRKNF (if they want it, currently I don’t think Anduril shares are listed anywhere)

Kraken already has shareholder approval for the split so the shares could end up anywhere they need to put it for the transaction

So shareholders would get a cash divi at the current market valuation of their KRKNF position AND an equivalent dollar value of “new shares” of XYZ at a valuation appropriate for the ending combined entity

They have many times the financial mass to make that happen

Just an example of a hypothetical

So, does anyone else think that there is a possibility of some type of big $$ transaction featuring Anduril (with their HUGE new military contracts) at least for the battery/subsea power division ????

I never want to get so old and grumpy that I can’t hope and dream of the most perfect future

Cheers

spec
👍️0
spec machine spec machine 3 months ago
The force is strong with this one

Blazing hot at the core and has so much future

Cheers

spec
👍️0
CashCowMoo CashCowMoo 4 months ago
i think anything under $1 here is a good entry for long term
👍️0
Twister Twister 4 months ago
Already making money...Just don't trust the big fish!

$ .73
👍️0
littlefish littlefish 4 months ago
Ive been building a position around $0.69-$0.70 US.
👍️0
CashCowMoo CashCowMoo 4 months ago
Interesting. Thanks for the feedback.
👍️0
Twister Twister 4 months ago
Instructions to attend were in Shareholders Meeting Notice!

Poorly written in my opinion seemingly to dissuade participation of many retail investors.
Fewer total votes cast made fewer votes necessary for management to prevail.
Another piss-poor showing after offering an unknown reverse split ratio.
Their focus seems fixated mostly on their own power and greed.

Great growth prospects, but actions have raised risk level with this current bunch in charge.
New-found lack of trust I now feel has turned a long-term hold into trading position.
I will continue to watch their actions rather than their happy talk in the future.
👍️0
CashCowMoo CashCowMoo 4 months ago
Are we able to get any updates on the meeting from anywhere?
👍️0
spec machine spec machine 4 months ago
Kraken’s SP stalling at this level appears to be speaking more to Canada’s economic concerns than to any concerns about Kraken’s value going forward

Pushing past the break even point while still investing heavily in talent and scaling production, is certainly a testament to the growth trajectory

They’ve publicly stated that the military and asset protection sub sectors are taking off “like someone lit a match to it”

And they produce the order flow to match their bullish stance

Without question, our global shipping and energy markets are at greater risk of being targeted by rogue state asymmetric warfare than ever before

Subsea drones will flourish just as airborne drones have become prominent features of the battle space

KRKNF is in exactly the right place at exactly the right time

spec
👍️0
CashCowMoo CashCowMoo 5 months ago
Kraken Robotics reports record Q1 2024 financial results with 175% growth in revenue and 354% growth in EBITDA.

For the full announcement, read our News Release: https://ow.ly/sWfk50RZY8p
👍️0
Twister Twister 5 months ago
Exceptional results, future seems so neglected by investors!

Growth trend and pipeline to future will be reflected by share price at some point.


$ .76
👍️0
CashCowMoo CashCowMoo 5 months ago
They really dont have that many shares outstanding. Must be a move they would like to take before preparing for a possible uplisting. An uplisting is something I have always expected once they had enough contracts for orders.
👍️0
Twister Twister 5 months ago
Yes, June 24...At Annual/Special Shareholders Meeting!

Share consolidation action is not a big surprise, especially given the recent events.

May 8 Record Date.
👍️0
CashCowMoo CashCowMoo 5 months ago
what! A R/S vote is coming up?
👍️0
Twister Twister 5 months ago
Next up, the reverse-split / ratio vote!

We'll soon discover the depth of shareholder support.
Strikes me as rather awkward, especially given some voting by mail.
Pragmatic on the surface, but management should have a tighter grip on their needs.

Seems they spent most of their efforts on their compensation desires rather than the actual business.

$ .71
👍️0
CashCowMoo CashCowMoo 5 months ago
I have always believed that this is a solid long-term play and anything under $1 will be rewarded down the road. Wasnt that long ago you could pick up some Kraken shares under .50

It's a solid company with proven products and proven contracts. International defense and government contracts at that.
👍️0
Twister Twister 5 months ago
Kraken closed the bought-deal financing. $21.19M / $.95/share!

Expansion with proper financing removes barriers and was the correct move.


$ .75
👍️0
spec machine spec machine 5 months ago
The tape was 90% buys till the last 30 minutes and still was 65% buys at the close

Higher than normal volume so it’s a significant shift as more shareholders lean in

About time

spec
👍️0
joelawyer joelawyer 5 months ago
Whoa! What’s up?
👍️0
CashCowMoo CashCowMoo 5 months ago
Perfect
👍️0
joelawyer joelawyer 5 months ago
PenderFund Capital Management increases their stake in Kraken to 23.5 million shares. Here is some comment by David Barr, CFA from PenderFund:

Kraken Robotics Inc (TSXV: PNG) was another key contributor. This is a relatively new addition to the portfolio after we first initiated a position late last year. They are a marine technology company that offers subsea sensors, batteries, remotely operated vehicles and robotics services for defense and commercial applications. We believe Kraken has a strong product-market fit as one of the few mission-critical component suppliers in the marine defense technology market. We expect this market will see significant industry-wide demand over the coming years as NATO navies are increasingly adopting for autonomous defense technologies, given the productivity benefits and lower operating costs. The company provided an update in February such that they think they can achieve at least +30% Y/Y revenue growth in 2024, growing revenue off an expected +68% in 2023 [4]. With adjusted EBITDA margins that could expand into the 20% range, we believe Kraken is on a path to sustaining positive FCF generation as the firm scales.
👍️0
CashCowMoo CashCowMoo 5 months ago
That sounds good. I think with their existing contracts that will give them plenty of credibility for new ones.
👍️0
spec machine spec machine 5 months ago
Kraken Robotics is an exhibitor at the Offshore Technology Conference this week (today is the last day) so there might have been some added opportunities for finalizing contracts

Don’t know if it might have triggered the 2 most recent contract announcements but it’s possible

In any case, there’s ample evidence of a long runway and a rapidly expanding market opportunity

Makin’ hay

spec
👍️0
CashCowMoo CashCowMoo 5 months ago
Nice PR out today: Kraken Robotics Receives $3.7 Million of Orders for Subsea Security Equipment
ST. JOHN’S, NEWFOUNDLAND, 8 May 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received an order for spares and sustainment of its KATFISH™ Mine Counter Measures (“MCM”) solution totalling $2.2 million. In addition, the Company received orders for AquaPix® synthetic aperture sonars (SAS) totalling $1.5 million. These systems will be integrated to Autonomous Underwater Vehicles (AUVs) from new navy customers for use in minehunting and subsea infrastructure security applications. Customer details cannot be disclosed. Deliveries will occur in 2024.



ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.









https://krakenrobotics.com/kraken-robotics-receives-3-7-million-of-orders-for-subsea-security-equipment/
👍️0
Twister Twister 5 months ago
Screwy time/sales data with batches conceals daytime activity!

But, slowed market perception has been a blessing for building position size.
Just remain aware that 'real-time' data is not as it seems for now.
👍️0
CashCowMoo CashCowMoo 5 months ago
Yup, you dont find many OTCs with leadership backgrounds like this company has. Excellent contracts in place and forthcoming with real closed deals that are verifiable. Unlike the majority of OTCs. I definitely believe this goes to dollars eventually, and one day uplist or merge with someone. Not sure about the merge and I think they have the capability to grow large enough to be a company that others merge into. I think that is still some time away off, but not out of reality.
👍️0
spec machine spec machine 5 months ago
You have an eye for quality

She’s a beauty

spec
👍️0
CashCowMoo CashCowMoo 5 months ago
Probably one of my most favorite OTCs out there right now and for some time. A lot going on. Long term play in my opinion.
👍️0
spec machine spec machine 5 months ago
There seems to be a real market valuation disconnect here

$160M USD market cap
Projected revenue ~$160M for fiscal ‘24
Total assets >$70M
Solid margins and profitability
Best in Class products
CRADA
Multiple nations purchased large orders including spares and training support
VERY strong ramp in government/military pursuit of subsea equipment and services

Currently trading at 1.5X fiscal 2024 revenue

Not yet getting the market sentiment that it deserves

Not sure what will change that, but it will change

Cheers

spec
👍️0
spec machine spec machine 5 months ago
Yep, the right tools and the skills to make it happen ….

… reliably

Best in class and a bright future

spec
👍️0
Twister Twister 5 months ago
Adding $8 million toward achieving very positive guidance!

Their impressive behind-the-scenes changes support enormous and structured growth.

https://www.otcmarkets.com/stock/KRKNF/news/Kraken-Robotics-Receives-8-Million-Contract-for-Sub-Seabed-Imaging-Services?id=438624


$ .74
👍️0
joelawyer joelawyer 6 months ago
Fantastic report. Very positive and promising forecast for 2024.
👍️0

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