Kraken Robotics Stock News

ST. JOHN'S, Newfoundland and Labrador, April 02, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that, through a subsidiary, it has completed the acquisition of 3D at Depth Inc. (“3D at Depth”) on the terms previously disclosed in the Company's press release dated March 13, 2025. 3D at Depth is a subsea services company specializing...

A Leader in Underwater LiDAR Services, 3D at Depth Brings Expertise and Strong Customer Relationships A Leader in Underwater LiDAR Services, 3D at Depth Brings Expertise and Strong Customer Relationships

Kraken Robotics' future growth is driven by strong OEM partnerships, particularly with Anduril, with growth targets not fully priced in. Multiple future positive catalysts position the stock favorably to benefit from surprises and news. Risks include heavy reliance on major partners like Anduril and HII, but specialist hardware and board relationships help de-risk some of it.

Kraken Robotics Inc. offers a strong buying opportunity due to its 25% stock drop, robust revenue growth, and expanding TAM in underwater robotics and defense markets. The company specializes in advanced underwater sensors, batteries, and robotics, with significant growth in its Services segment and new defense contracts boosting future revenues. Kraken's gross margin of 49% and consistent adju...

Company to Open New Battery Production Facility to Meet Defense Market Demand Company to Open New Battery Production Facility to Meet Defense Market Demand

ST. JOHN'S, Newfoundland and Labrador, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) is saddened to announce the passing of Founder and former CEO, Karl Kenny on February 11, 2025, at the age of 64. Karl founded Kraken in 2012 and was instrumental in building the company into a leading player in subsea robotics over his 10-year ten...

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Year to date Revenue increased 52% Year-over-Year to $63 Million, Adjusted EBITDA increased 64% to $14 Million Year to date Revenue increased 52% Year-over-Year to $63 Million, Adjusted EBITDA increased 64% to $14 Million