Kraken Robotics Inc. (V:PNG)
Business Focus: Aerospace & Defense Electronics
| Sector: Industrials | Industry: Aerospace & Defense |
| Company Contact | |
| Address: | 189 Glencoe Dr MOUNT PEARL NL A1N 4P6 |
| Tel: | 1-416-5652805 |
| Website: | https://krakenrobotics.com |
| IR: | See website |
| Key People | ||
| Gregory Michael Reid President, Chief Executive Officer, Director | Joseph Mackay Chief Financial Officer, Corporate Secretary | Moya Cahill Executive Vice President - Services | David Shea Chief Technology Officer |
| Business Overview |
| Kraken Robotics Inc. is a Canada-based marine technology company engaged in providing complex subsea sensors, batteries, and robotic systems. The Company operates through two segments: Products and Services. The Products segment is engaged in the design, manufacture, and sale of equipment, including underwater vehicle platforms, synthetic aperture sonar and subsea power equipment. Its Products business consists primarily of its AquaPix MINSAS sensors, KATFISH systems, and SeaPower subsea battery systems. The Services segment is involved in the provision of services for underwater sonar and laser scanner sensor equipment and underwater vehicle platforms. Its Services business consists of services provided by robotics as a service (RaaS) portfolio of equipment, including its Sub-Bottom Imager, Acoustic Corer, KATFISHTM, and SeaVision. The Company's high-resolution three-dimensional (3D) acoustic imaging solutions and services enable clients to overcome the challenges in the oceans. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Kraken Robotics Inc revenues increased 70% to C$69.6M. Net income totaled C$5.5M vs. loss of C$4.2M. Revenues reflect Other segment increase from C$0K to C$159K. Net Income reflects Fair value adjustment of contingent cons decrease of 88% to C$156K (expense), Share-based compensation decrease of 53% to C$378K (expense). Basic Earnings per Share excluding Extraordinary Items increased from -C$0.02 to C$0.03. |
| Employees: | 244 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $227.67M as of Dec 31, 2023 |
| Annual revenue (TTM): | $69.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $11.57M as of Dec 31, 2023 |
| Net annual income (TTM): | $5.55M as of Dec 31, 2023 |
| Free cash flow (TTM): | $0.87M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $11.03M as of Dec 31, 2023 |
| Shares outstanding: | 207,712,985 as of Mar 26, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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