Kraken Robotics Inc. (PNG-X)

Software-centric sensors for underwater. Two sides: sensor and power. Military, government, research companies are potential customers. Recent US $1.5M contract. Very illiquid. Almost a double from here to the price target. Buy in thirds at $0.52, 0.45, and 0.40.

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Cash position is strong despite revenues falling in 2020 compared to the large order they received in the prior year. Margins have improved. It continues to secure orders. High risk but doing many things right. Unlock Premium - Try 5i Free

They make sonor in a drone-like vehicle looking for mines underwater. They also have new tech revolving around batteries that helps deep-sea equipment. They're finally getting some traction and a reasonable speculation.

He hasn't met the company yet but will next week. The stock has done well. They've raised money through an investor in the past 5 months. He's curious to hear the details.

Tow boats use sonar to sweep ocean floors for water mines from naval warfare. A niche product which creates barriers to entry from competitors. Just approved by the U.S. Navy for some of its products. The market is finally paying attention to this.