Kraken Robotics Reports Q1 2025 Financial Results Amid Optimistic Outlook

Kraken Robotics Systems Inc ( (TSE:PNG) ) has shared an announcement.

Kraken Robotics reported a 23% decrease in revenue for Q1 2025, primarily due to a decline in product revenue as the Canadian Navy project nears completion. Despite this, service revenue increased by 38% driven by demand for their Sub-Bottom Imager and Acoustic Corer services. The company completed the acquisition of 3D at Depth, enhancing their service offerings. Kraken remains optimistic about future growth, citing strong market fundamentals in naval defense and plans to expand manufacturing capacity in Canada.

The most recent analyst rating on (TSE:PNG) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Kraken Robotics Systems Inc stock, see the TSE:PNG Stock Forecast page.

Spark’s Take on TSE:PNG Stock

According to Spark, TipRanks’ AI Analyst, TSE:PNG is a Outperform.

Kraken Robotics exhibits strong financial performance with notable revenue growth and profitability, supported by positive earnings call sentiment and strategic corporate developments. However, high P/E ratio and inconsistent cash flow generation pose challenges. Technical analysis indicates neutral momentum, suggesting a balanced but cautious outlook.

To see Spark’s full report on TSE:PNG stock, click here.

More about Kraken Robotics Systems Inc

Kraken Robotics Systems Inc. operates in the subsea intelligence industry, providing advanced sonar and power solutions for uncrewed underwater vehicles (UUVs). The company focuses on the naval defense and offshore energy markets, offering products such as the SeaPower subsea battery and KATFISH sonar platform.

Average Trading Volume: 674,978

Technical Sentiment Signal: Buy

Current Market Cap: C$659.6M

For an in-depth examination of PNG stock, go to TipRanks’ Stock Analysis page.