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Kraken Robotics (DE:2KQ)
:2KQ
RESEARCH TOOLSreports
Earnings Data
Report Date
May 22, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
<0.01Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 28, 2025
|% Change Since: 0.27%
|Next Earnings Date:May 22, 2025
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.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.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.
Strong Balance Sheet and Financing
Closed over $70 million of equity financings during the year, as well as $45 million of new committed credit facilities and an uncommitted $30 million accordion facility.
Significant Growth in Services Segment
Service revenue in 2024 saw a great growth at 47% and increased to $25 million, driven by an increased number of Sub-Bottom Imager jobs and Acoustic Corer projects.
Increased Defense Spending Driving Growth
Increased defense spending across the globe is driving growth in both products and services, with a sales pipeline growing significantly to over $2 billion from $900 million.
Expansion of Subsea Power Business
Signed a lease for an approximate 60,000 square foot of space in Nova Scotia, which will allow Kraken to triple its battery production capacity.
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DE:2KQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DE:2KQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 28, 2025 | €1.49 | €1.57 | +5.65% |
| Nov 21, 2024 | €1.65 | €1.66 | +0.30% |
| Aug 22, 2024 | €0.95 | €1.00 | +5.26% |
| May 29, 2024 | €0.67 | €0.69 | +2.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kraken Robotics (DE:2KQ) report earnings?
Kraken Robotics (DE:2KQ) is schdueled to report earning on May 22, 2025, TBA Not Confirmed.
What is Kraken Robotics (DE:2KQ) earnings time?
Kraken Robotics (DE:2KQ) earnings time is at May 22, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Kraken Robotics stock?
The P/E ratio of Kraken Robotics Systems Inc is N/A.
What is DE:2KQ EPS forecast?
Currently, no data Available
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