Kraken Robotics Systems Inc (TSE:PNG)
:PNG
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Kraken Robotics Systems Inc
(PNG)
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Rating:62Neutral
Price Target:
C$9.50
▲(16.42% Upside)
Action:ReiteratedDate:01/14/26
The score is primarily supported by strong revenue growth, healthy profitability, and a conservatively leveraged balance sheet, but is held back by negative operating/free cash flow and a very high P/E valuation. Technically, the trend is bullish, yet overbought momentum signals increase near-term downside risk.
Positive Factors
Revenue & profitability strength
Consistent double-digit revenue growth paired with high gross and healthy net margins indicates durable product demand and pricing power. Over 2-6 months this supports reinvestment in R&D and scaling production, strengthening market position and competitive differentiation.
Negative Factors
Negative operating and free cash flow
Persistent negative operating and free cash flow means reported profits aren’t converting to cash, limiting the company’s ability to self-fund growth or capex. Over 2-6 months this heightens reliance on external financing and can constrain strategic execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & profitability strength
Consistent double-digit revenue growth paired with high gross and healthy net margins indicates durable product demand and pricing power. Over 2-6 months this supports reinvestment in R&D and scaling production, strengthening market position and competitive differentiation.
Read all positive factors
Kraken Robotics Systems Inc (PNG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.50B
Dividend YieldN/A
Average Volume (3M)1.65M
Price to Earnings (P/E)104.5
Beta (1Y)1.35
Revenue Growth11.77%
EPS Growth45.13%
CountryCA
Employees283
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)0.01
Shares Outstanding306,517,550
10 Day Avg. Volume2,786,085
30 Day Avg. Volume1,653,137
Financial Highlights & Ratios
PEG Ratio0.14
Price to Book (P/B)5.14
Price to Sales (P/S)6.85
P/FCF Ratio-38.94
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$9.40Price Target Upside15.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)0.1
Revenue Forecast (FY)C$166.45M
Kraken Robotics Systems Inc Business Overview & Revenue Model
Company Description
Kraken Robotics Inc., a marine technology company, engages in the design, manufacture, and sale of software-centric sensors, batteries, and underwater robotic systems for unmanned underwater vehicles used in military and commercial applications. I...
How the Company Makes Money
Kraken Robotics generates revenue through multiple streams, including the sale of its robotic systems and associated technologies, service contracts for maintenance and support, and licensing agreements for its proprietary software solutions. Key ...
Kraken Robotics Systems Inc Earnings Call Summary
Earnings Call Date:Apr 28, 2025
(Q4-2024)
| % Change Since: |
Next Earnings Date:Apr 16, 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
75
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 101.92M | 91.29M | 69.58M | 40.91M | 25.63M | 12.28M |
| Gross Profit | 56.94M | 44.69M | 33.96M | 17.04M | 11.32M | 5.82M |
| EBITDA | 17.85M | 18.12M | 11.72M | 825.00K | -176.00K | -3.86M |
| Net Income | 16.48M | 20.09M | 5.55M | -4.24M | -3.54M | -5.21M |
Balance Sheet | ||||||
| Total Assets | 301.54M | 164.20M | 76.42M | 71.36M | 65.47M | 34.82M |
| Cash, Cash Equivalents and Short-Term Investments | 126.63M | 58.52M | 5.17M | 8.27M | 6.75M | 12.92M |
| Total Debt | 38.02M | 19.34M | 16.20M | 16.27M | 15.26M | 5.02M |
| Total Liabilities | 65.69M | 42.46M | 44.36M | 47.71M | 37.86M | 18.81M |
| Stockholders Equity | 235.85M | 121.73M | 32.06M | 23.66M | 27.60M | 16.01M |
Cash Flow | ||||||
| Free Cash Flow | -30.21M | -16.06M | 870.00K | 93.00K | -16.54M | 612.26K |
| Operating Cash Flow | -11.15M | -12.46M | 8.43M | 5.24M | -11.01M | 2.79M |
| Investing Cash Flow | -43.23M | -5.15M | -9.81M | -3.37M | -7.24M | -3.24M |
| Financing Cash Flow | 163.76M | 69.88M | -2.15M | -41.00K | 11.92M | 11.10M |
Kraken Robotics Systems Inc Technical Analysis
Negative
8.16
Price Trends
8.57
Negative
7.62
Positive
6.00
Positive
Market Momentum
-0.14
Positive
43.98
Neutral
56.04
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 8.16 is below the 20-day moving average (MA) of 8.75, below the 50-day MA of 8.57, and above the 200-day MA of 6.00, indicating a neutral trend. The MACD of -0.14 indicates Positive momentum. The RSI at 43.98 is Neutral, neither overbought nor oversold. The STOCH value of 56.04 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
8.16
5.76
240.00%
TSE:HEAT
Hillcrest Energy Technologies
0.14
0.03
27.27%
TSE:ZTE
ZTEST Electronics
0.32
0.12
56.10%
TSE:NSCI
Nanalysis Scientific
0.12
-0.16
-56.36%
Kraken Robotics Systems Inc Corporate Events
Business Operations and StrategyProduct-Related Announcements
Kraken Robotics Lands $35 Million in SeaPower Battery Orders as UUV Demand Surges
Positive
Jan 13, 2026
Kraken Robotics has secured $35 million in SeaPower battery sales from three undisclosed customers, underscoring growing demand for its high energy density power systems used in unmanned underwater vehicles across defence, commercial, and research...
Business Operations and StrategyExecutive/Board Changes
Kraken Robotics Strengthens Leadership Team with New Chief People Officer
Positive
Jan 12, 2026
Kraken Robotics Inc. has appointed Terra Penrose as its new Chief People Officer, based in Nova Scotia, as the company navigates a period of strong growth. Penrose brings more than two decades of human resources experience across sectors such as d...
Business Operations and StrategyProduct-Related Announcements
Kraken Robotics and TKMS ATLAS UK Showcase Advanced USV Launch and Recovery System
Positive
Dec 10, 2025
Kraken Robotics Inc. has successfully demonstrated its KATFISH Unmanned Surface Vessel Launch and Recovery System (USV-LARS) in collaboration with TKMS ATLAS UK on an ARCIMS USV of the UK Royal Navy. This system provides a comprehensive autonomous...
Business Operations and StrategyExecutive/Board Changes
Kraken Robotics Strengthens Leadership with Key Appointments
Positive
Dec 4, 2025
Kraken Robotics has announced strategic additions to its leadership team with the appointment of Kim Butler to its Board of Directors and Bernard Mills as Executive Vice President, Defence. Kim Butler brings extensive experience in financial leade...
Business Operations and StrategyProduct-Related Announcements
Kraken Robotics Secures $12 Million in Orders for Sonar and Battery Systems
Positive
Dec 2, 2025
Kraken Robotics has announced receiving $12 million in orders for its synthetic aperture sonar and subsea batteries from multiple organizations, including Teledyne Marine, Terradepth, and two NATO navies. This highlights the company’s dual-u...
Business Operations and StrategyFinancial DisclosuresM&A Transactions
Kraken Robotics Achieves Record Q3 2025 Financial Performance
Positive
Nov 24, 2025
Kraken Robotics reported record financial results for Q3 2025, with a 60% increase in revenue to $31.3 million, driven by strong sales of subsea batteries and synthetic aperture sonar to defense customers, as well as the acquisition of 3D at Depth...
Business Operations and StrategyProduct-Related Announcements
Kraken Robotics Expands Reach in Australia and New Zealand with BlueZone Partnership
Positive
Nov 12, 2025
Kraken Robotics has appointed BlueZone Group as an authorized reseller for its Synthetic Aperture Sonar (SAS) and KATFISH towed SAS platform in Australia and New Zealand. This partnership enhances Kraken’s regional support, particularly for ...
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.