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Kraken Robotics Systems Inc
(PNG)
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Rating:49Neutral
Price Target:
C$4.00
▼(-31.51% Downside)
Action:Reiterated
Date:08/29/26
The score is primarily held back by weak cash flow and a return to losses despite strong revenue growth, alongside a clear technical downtrend with bearish momentum. A low-leverage balance sheet provides some support, but valuation is unfavorable due to negative earnings and no stated dividend yield.
Positive Factors
Strong Revenue Expansion
Rapid and multi-year revenue expansion indicates growing customer demand for Kraken’s marine technology products and services. Sustained top-line growth can broaden the installed base, support repeat programs, and provide operating leverage if the company improves cost control and execution.
Negative Factors
Negative Cash Generation
Persistent cash consumption means reported revenue growth is not yet translating into internally generated funding. Negative operating and free cash flow can constrain investment choices, increase dependence on external financing, and make execution around working capital or elevated investment spending more important.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Expansion
Rapid and multi-year revenue expansion indicates growing customer demand for Kraken’s marine technology products and services. Sustained top-line growth can broaden the installed base, support repeat programs, and provide operating leverage if the company improves cost control and execution.
Read all positive factors
Kraken Robotics Systems Inc (PNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$1.59B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)1.35
Revenue Growth20.56%
EPS Growth-142.06%
CountryCA
Employees433
SectorGeneral
Sector StrengthN/A
IndustryAerospace & Defense
Share Statistics
EPS (TTM)-0.02
Shares Outstanding371,412,140
10 Day Avg. Volume1,151,127
30 Day Avg. Volume1,287,347
Financial Highlights & Ratios
PEG Ratio-7.22
Price to Book (P/B)7.59
Price to Sales (P/S)17.78
P/FCF Ratio-63.09
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$9.70Price Target Upside66.10% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)0.05
Revenue Forecast (FY)C$305.12M
Kraken Robotics Systems Inc Business Overview & Revenue Model
Company Description
Kraken Robotics Inc. is a marine technology company that designs, manufactures, and sells software-centric sensors, subsea batteries, and underwater robotic systems for military and commercial applications....
How the Company Makes Money
Kraken Robotics makes money primarily by selling marine hardware products and providing related services to government/defense and commercial customers.
Key revenue streams include:
1) Product sales (hardware): Revenue is generated from the sale ...
Kraken Robotics Systems Inc Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Nov 30, 2026
Earnings Call Sentiment Positive
Kraken Robotics demonstrated significant growth and achieved record financial performance in 2024, with strong contributions from both products and services segments. The company also improved its financial position through successful financing activities. However, there were challenges such as flat revenue in Q4 and a decline in specific product areas, as well as softness in the U.S. offshore wind market. Despite these challenges, the positive aspects significantly outweigh the negatives.Positive Updates
Record Revenue and Growth
Total revenue for fiscal 2024 grew 31% year-over-year to $91.3 million. Adjusted EBITDA increased 47% to $20.7 million, and the adjusted EBITDA margin was 22.7% for the year.
Negative Updates
Flat Quarterly Revenue
Consolidated revenue for Q4 was flat at $28.1 million over the prior year, despite growth in subsea batteries and sonar revenue.
Read all updates
Q4-2024 Updates
Positive
Negative
Record Revenue and Growth
Total revenue for fiscal 2024 grew 31% year-over-year to $91.3 million. Adjusted EBITDA increased 47% to $20.7 million, and the adjusted EBITDA margin was 22.7% for the year.
Read all positive updates
Company Guidance
During the Kraken Robotics 2024 financial results conference call, the company provided guidance for fiscal 2025, highlighting expectations of substantial growth. The company projects revenues to range between $120 million and $135 million, indicating a midpoint growth of 40% compared to 2024. Adjusted EBITDA is anticipated to be between $26 million and $34 million, with a midpoint growth of 45% over the previous year. Capital expenditures are estimated to be between $13 million and $17 million. Kraken reported record financial results for 2024, with total revenue of $91.3 million, a 31% year-over-year increase, and adjusted EBITDA of $20.7 million, up 47% from 2023, resulting in an adjusted EBITDA margin of 22.7%. The company's sales pipeline has grown significantly to over $2 billion, driven by defense and offshore energy markets, supporting the optimistic outlook for 2025 and beyond.Kraken Robotics Systems Inc Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
78
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 108.72M | 102.21M | 91.29M | 69.58M | 40.91M | 25.63M |
| Gross Profit | 60.97M | 63.45M | 44.69M | 33.96M | 17.04M | 11.32M |
| EBITDA | 8.98M | 15.93M | 18.12M | 11.72M | 825.00K | -176.00K |
| Net Income | -7.50M | 2.86M | 20.09M | 5.55M | -4.24M | -3.54M |
Balance Sheet | ||||||
| Total Assets | 724.75M | 313.68M | 164.20M | 76.42M | 71.36M | 65.47M |
| Cash, Cash Equivalents and Short-Term Investments | 488.01M | 120.51M | 58.52M | 5.17M | 8.27M | 6.75M |
| Total Debt | 39.70M | 38.14M | 19.34M | 16.20M | 16.27M | 15.26M |
| Total Liabilities | 491.13M | 74.34M | 42.46M | 44.36M | 47.71M | 37.86M |
| Stockholders Equity | 233.62M | 239.34M | 121.73M | 32.06M | 23.66M | 27.60M |
Cash Flow | ||||||
| Free Cash Flow | -52.35M | -28.80M | -16.06M | 870.00K | 93.00K | -16.54M |
| Operating Cash Flow | -16.87M | 1.49M | -12.46M | 8.43M | 5.24M | -11.01M |
| Investing Cash Flow | -37.60M | -54.05M | -5.15M | -9.81M | -3.37M | -7.24M |
| Financing Cash Flow | 109.37M | 114.86M | 69.88M | -2.15M | -41.00K | 11.92M |
Kraken Robotics Systems Inc Technical Analysis
Negative
5.84
Price Trends
5.36
Negative
6.20
Negative
7.13
Negative
Market Momentum
-0.33
Negative
29.77
Positive
23.35
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:PNG, the sentiment is Negative. The current price of 5.84 is above the 20-day moving average (MA) of 4.59, above the 50-day MA of 5.36, and below the 200-day MA of 7.13, indicating a bearish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 29.77 is Positive, neither overbought nor oversold. The STOCH value of 23.35 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:PNG.
Kraken Robotics Systems Inc Peers Comparison
UnderperformOutperform
Sector (55)
TSE:PNG
Kraken Robotics Systems Inc
4.13
-0.79
-16.06%
TSE:HEAT
Hillcrest Energy Technologies
0.13
0.04
36.84%
TSE:ZTE
ZTEST Electronics
0.42
0.09
29.69%
TSE:NSCI
Nanalysis Scientific
0.11
-0.09
-44.88%
Kraken Robotics Systems Inc Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A TransactionsPrivate Placements and FinancingProduct-Related Announcements
Kraken Robotics Posts Higher Q2 Revenue, Seals Covelya Deal and XL-UUV Battery Pact
Positive
Aug 27, 2026
Kraken Robotics reported Q2 2026 standalone revenue of $27.3 million, up 4% year over year, and Adjusted EBITDA of $5.0 million, supported by robust sonar and subsea battery product sales and modest growth in services despite a $1.5 million revenu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.