Added to YB: 2026-09-14
Pitch date: 2026-09-10
PNG.V [neutral]
Kraken Robotics Inc.
Author Info
No bio for this author
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 1.8B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
110.28
P/E
-203.25
EV/Sales
16.54
Sector
Electronic Equipment, Instruments and Components
Category
growth
The war over the seabed: who owns the moat beneath the oceans? - Kraken Robotics Inc.
PNG.V (monitor): Kraken Robotics is evolving from a niche sonar and battery supplier into a broader underwater perception, positioning and communications platform through Covelya. Patents, field-proven technology and costly military requalification underpin an emerging moat, while the Anduril relationship offers a high-end annual revenue opportunity of roughly $600 million. Shares have more than halved from their C$10.23 peak, but Covelya integration, Q4-weighted growth and better-capitalized competitors remain material risks.
Read full article (11 min)