Added to YB: 2026-04-21
Pitch date: 2026-04-17
PNG.V [neutral]
Kraken Robotics Inc.
-1.36%
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 2.7B
Pitch Price
CAD 8.85
Price Target
N/A
Dividend
N/A
EV/EBITDA
117.91
P/E
880.00
EV/Sales
25.64
Sector
Electronic Equipment, Instruments and Components
Category
special_situation
Kraken Robotics ($PNG.V) FINS Review
PNG.V (trimmed position): 2025 rev $102.2M (+12% YoY), gross margin jumped 1300bps to 62%, but opex +78% killed leverage—net income $2.9M vs $20.1M prior year. 2026 guide $170M rev mid-point, $40-50M AEBITDA; $87M orders already (50% of guide). $615M Covelya deal (10x AEBITDA) adds $310M+ annualized rev but cash conversion concerns persist—Kraken did $25M AEBITDA in 2025 yet only $1.5M OCF. Combined $3.4B market cap post-dilution; trimmed position after 14-bagger from $0.61.
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