Kraken Robotics Inc. (PNG.V)

Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Analysts expect EPS of $0.013 and sales of $34.48M. The earnings date has not been confirmed yet, but early estimates call for sometime in the next few weeks. We expect decent numbers on the sales front. Its earnings can be lumpy based on timing of contracts and execution, but we think that guidance will be strong.
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Great run, he continues to be very positive on it. In Canada, we can't afford an aircraft carrier and can barely afford submarines. Drones might be a low-cost way for us to start being more assertive in terms of our sovereignty in the North. In growth mode supplying batteries to its US partner. Canadian government may possibly invest.

(Note the short timeframe.)  The area of underwater drones is really ramping up. Interest by US investors has really pushed this up. Both the multiple and the revenue have grown.

Popped because O&G underwater devices can be used for defense. 12-month price target of $7.80, still a bit of runway.

Likes it a lot. Would suggest a longer hold than 2-3 years, as it's a relatively small company. Batteries, sonar, military. Products are robust and customers like them, but their small size was an impediment. Borrowed $100M to shore up balance sheet. Contract backlog is growing.

Market cap is now over $1B, which brings more investor interest.

It is involved in the next frontier which is oceans, Makes submersible drones, small to big which will allow the military to expand under the seas where they haven't been able to in the past. It is very good in sonar and battery technology which can stand the under water pressure. In its quarterly reports expectations have been met. Its valuation has increased but growth is good.

Really likes it, and so do his firm's fundamental analysts. Strong fundamental story. Technicals are awesome. Good run. Add on weakness. Expect a consolidation or correction in next month or two, and that's when he'd be looking to add.

A 6-bagger over the last 3 years, and revenues have tripled in that time. Underwater technology is being taken into the field for oil & gas.

With more spending on defence, especially with the NATO cap moving up, there's an opportunity in defense as well as in commercial. Multiple products and technologies, including underwater batteries that are exclusive to what they do. Robotic vehicles too. Super-strong topline and bottom line growth. 

This week, completed a $150M equity raise that shores up balance sheet to satisfy future deal requirements. Looking at acquisitions. No dividend.

Really cool products like deep-sea drones. New CEO has done an outstanding job. He doesn't own now because valuation is at a premium. Government contracts can take a long time to materialize; but when they do, they're large. Good way to get exposure to the space.

EPS of $0.06 beat estimates of $0.016 and revenues of $28.11M beat estimates of $27.86M. Sales grew 31%, gross profits were up 32%, with a steady gross margin of 49%. Its product revenue grew 26%, driven by SeaPower subsea batteries. Management plans to expand manufacturing in Nova Scotia to meet growing defense demand, and 2025 revenue guidance is $120M to $135M, around a 40% growth rate. The CEO noted growth in defense and offshore energy sectors. These were strong results, and we are encouraged by its guidance. Shares are not cheap at 52X forward earnings, but its growth rate, margins, and geographic and product expansion are all moving in the right direction. While it is difficult to predict the share price one year out, given its strong sales growth rate of 30%+, in a positive market backdrop, we could see the stock hitting new highs (20%+ from here). We would be comfortable buying PNG today.
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He owned it last year after shares jumped. It's a great business, but the 40x PE is too high and risky. That said, they are doing well.