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 -

Q2 2025

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.

Kraken Robotics Systems Inc (DE:2KQ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

DE:2KQ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 02, 2025	2025 (Q2)	<0.01 / -	0.006	―	―	―
May 29, 2025	2025 (Q1)	- / 0.00	0.006	―	―	―
Apr 28, 2025	2024 (Q4)	<0.01 / 0.00	0.006	―	―	―
Nov 21, 2024	2024 (Q3)	<0.01 / <0.01	0.006	0.00% (0.00)	―	―
Aug 22, 2024	2024 (Q2)	<0.01 / <0.01	0.006	0.00% (0.00)	―	―
May 29, 2024	2024 (Q1)	- / -	-0.006	―	―	―
Apr 18, 2024	2023 (Q4)	<0.01 / <0.01	-0.006	200.00% (+0.01)	―	―
Nov 27, 2023	2023 (Q3)	<0.01 / <0.01	0	―	―	―
Aug 29, 2023	2023 (Q2)	0.00 / <0.01	0	―	―	―
May 30, 2023	2023 (Q1)	- / -	-0.006	―	―	―

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

DE:2KQ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 29, 2025	€1.58	€1.64	+3.79%
Apr 28, 2025	€1.49	€1.57	+5.59%
Nov 21, 2024	€1.65	€1.66	+0.30%
Aug 22, 2024	€0.95	€1.00	+5.26%

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.

FAQ

When does Kraken Robotics Systems Inc (DE:2KQ) report earnings?

Kraken Robotics Systems Inc (DE:2KQ) is schdueled to report earning on Sep 02, 2025, TBA (Confirmed).

What is Kraken Robotics Systems Inc (DE:2KQ) earnings time?

Kraken Robotics Systems Inc (DE:2KQ) earnings time is at Sep 02, 2025, TBA (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 Systems Inc stock?

The P/E ratio of Kraken Robotics Systems Inc is N/A.

What is DE:2KQ EPS forecast?

DE:2KQ EPS forecast for the fiscal quarter 2025 (Q2) is <0.01.

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