Kraken Robotics Inc (KRKNF)

[spec machine]

Kraken Robotics - $4M follow-on order for Katfish system spares

https://krakenrobotics.com/kraken-receives-4-million-order-from-nato-navy/

Also—
Ocean Business 2023 kicks off today in Southampton, come visit Kraken Robotics at booth H3

Audited financials for FY 2022 should be filed soon, preliminary guidance released earlier

spec

[spec machine]

L2 shows a stacked bid like I haven’t seen for a long time on KRKNF

Currently $.39 USD

I reiterate (LOL) my LONG call .70

Defense spending on subsea tech is about as “recession-proof” as any sector could be in this global geopolitical setting

Kraken’s order book is LIT UP !

spec

[spec machine]

Sea Technology has featured one of Kraken’s recent contract awards in this month’s issue

https://sea-technology.com/kraken-auv-contract

spec

[spec machine]

Money flowing out of equities for weeks now and it only takes a few sellers cashing out

The market for the stock is tiny at this point because they are unproven at their current valuation

A little “risk off” sentiment creates a big downdraft in early stage companies

Upcoming audited financials should ease uncertainty and validate their business model

spec

[CashCowMoo]

Wonder what caused it to dip back into the upper 30s

[spec machine]

KRKNF @ $ .38 USD

if I am reading the waves correctly, we’re going to be getting a big leg up this week

However, if banks are still crumbling it’s likely to delay and weaken the runup

Military spending = as fast as you can build them

Open the spigot, order/make lots of parts, assemble, test, deliver, boom

The RAAS segment will be much slower to scale but probably has a lot more existing capacity that can be tapped

2023 will be the year for them to show what they can do

Assuming that everything and everyone isn’t melting down

GLTY

spec

[CashCowMoo]

No reason for this to dip into the 30s, strange.

[spec machine]

New orders flowing in and we’re getting more validation of the superior performance of Kraken Robotics SAS

Still in the early stages of scaling up and looking good

Spring will bring a flurry of new customers outside of defense sectors

spec

[CashCowMoo]

Still a great long term hold in my opinion. Accumulate and just forget about it for a while.

[spec machine]

Kudos to Kraken Robotics- top honors in the TSX Venture 50 for 2023

https://www.tsx.com/news?id=944&year=2023

Kraken takes the highest ranking in the technology category of the list

Two things will make this company’s share price rock 2023

1- the military contracts begin to hit the top line in a big way

Defense spending is the most recession-proof revenue stream ever

2- Dilution ends as capital needs and founder greeds fade

Clearly there is a selling pressure from early investors and founders bleeding shares into a thin market for the stock

High valuations on early-stage companies are extremely vulnerable to this kind of negativity

The first is in good shape, defense contracts are locked in and future revenues are increasing

The second is going to be the determining factor to determine whether Kraken does well in 2023, or whether it has a remarkable run



spec

[spec machine]

Another positive development for subsea survey buisiness

https://www.science.org/content/article/u-s-proposal-would-make-oil-companies-look-shipwrecks-they-drill

spec

[spec machine]

Kraken SAS on a REMUS AUV (Dec 2022 release)

https://twitter.com/krakenrobotics/status/1600509356247842816?s=46&t=HWd3BsCdaL8E0OQFc_rsrg

That contract is a grand slam move and it’s just a portion of the production breadth in Kraken’s offerings

50M CAD contract and what is the shape of the revenue growth chart on this???

Then, how many other countries are investing heavily in subsea military equipment?

Do you sense any urgency in these government military contracts?

Did a Kraken executive recently comment that the spending on subsea robotics was “like someone lit a match” to the sector

I’m not expecting profits yet due to the increased staffing and inventory ahead of the scaled-up production that they are enabling

I do expect a deeper look into those topics on the next filing/presentation

As far as PanGeo, the terabytes of data collected isn’t really information that is useful

Something like man-hours or survey line-miles might be more helpful to approximate a growth rate over time

I’ve pinged a couple contacts who know the sector and have gotten some positive feedback on their penetration and performance

Bright future for certain

spec

[TrendTrade2016]

PNG.V ONE OF THE MOST BULLISH WEEKLY CHARTS OUT THERE

[TrendTrade2016]

PNG.V READY TO FLY

[spec machine]

CAD to USD exchange rates - worth noting that every US dollar today buys over 10% more of any CAD denominated equity (or anything really) than it did back in June

This pressure has a small downward push on the USOTC KRKNF ticker as compared to the PNG.V ticker on the TSX

A strengthening CAD would bring KRKNF prices (in USD) higher, whereas a weakening CAD will diminish the numerical gains of KRKNF on the OTC

spec

USD/CAD chart
https://www.tradingview.com/symbols/USDCAD/

[spec machine]

2023 is going to be a great year for Kraken

The market penetration, especially the military/defense market is pretty remarkable

They are giving clear narrative wording that their contracts and orders are totally lit up!!

Inspection of subsea infrastructure? Energy and communication are critical components in our global economy

What’s the cost of insurance and monitoring for tampering or malfeasance?

I think it’s clear from the current conflicts where the defense dollars will flow, air and sea

Kraken is squarely in the producer pipelines of several countries

Read that part again, several countries

Pause, scan financials, cogitate ….

.40 USD now and my WAG is .75 or better by June 2023

spec

[CashCowMoo]

smart moves

[spec machine]

A downdraft on such positive news today is obviously more a reflection of the broader market sentiment

“Standard equipment” now on the Remus AUV, awesome

That’s a big name buyer and no limit on the upside numbers

A buy time, IMO anything under $.44 (USD) will be happy holders

https://krakenrobotics.com/kraken-to-provide-sas-to-hiis-new-medium-class-uuv/

https://en.m.wikipedia.org/wiki/REMUS_(AUV)

HII - latest Q was $2.6B in revenue

Cheers

spec

PS - as someone who has analyzed (old style analog and digital) side scan sonar images for countless hours …

…. those SAS images are gorgeous !!!

[spec machine]

This has been an excellent chart trader on RSI

I’ve been adding on the bid every time the RSI drops around 65 and ease out a few whenever it pushes over 70

Through scalping those thrusts, I have boosted my core position

The regularity of the bounces on this uptrend has been bountiful

Must be getting old when I can be so happy about regularity, LOL

spec

[spec machine]

Choppy but making nice progress

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[spec machine]

A $50+M Canadian military contract for mine countermeasures on top of the $14M initial order for subsea power systems (proprietary lithium pressure tolerant batteries)

Bravo again

Kraken is blooming

spec

[CashCowMoo]

i knew this would be a good play

[spec machine]

Well, bravo Kraken Robotics

First, a great earnings report and bullish projections

Second, it would seem pretty plausible, maybe likely…

… that it was a Katfish RAAS contract for the Nordstream sabotage that was the basis of the Swedish authorities announcement on Nov 18

Kraken’s announcement the following day of a “survey of subsea infrastructure” was the forensic survey conducted using the Katfish (sometime between the explosion and Nov 18)

The power cable mention is a fake or distraction just to avoid saying anything about the explosives used and evidence found

There’s a very interesting slide in the latest presentation …

…. looks suspiciously like an undetonated pipeline sabotage, ohhh, evidence

I didn’t see nothing……

Lots of mayhem in the world today

Double reef and hang tight

spec

[spec machine]

They commented on that not long ago

They mentioned expanding their inventory as being effective in reducing the impacts of supply chain issues

The financials just released show they have beefed up critical inventory items

The growth rates on both products and services is very impressive

The great thing about government/military contracts is the “platinum combo” …. repeat business and fat checkbook

They’re solid with key clients in both public and private sectors

There’s some overhang warrants around the .40 USD range and up so it might churn a little more going into 2023

GLTY

spec

[CashCowMoo]

i wonder if all the global supply chain issues with chips and processors are hindering their production or delaying it at all

[spec machine]

Nailed it! Again!

But I reiterate the previous unknown…

Can Kraken scale to fill the exploding demand for subsea acoustics tech …

On the hardware delivery, service/support, and RAAS field service contract teams

I guess we gonna find out …..

$8M contract announcement today

The wooden bat sound at the ballpark-
putting the KRAK!!! .. in Kraken

spec

[spec machine]

Now that it’s lit

How well can the hardware and fabrication scale and keep a tight delivery assurance

On the RAAS side, what’s the current booking showing for utilization rate, new hire operators and additional hardware status??

Can Kraken Robotics make hay?

The sun shines brightly today

Do it

spec

[spec machine]

Yes it is a great play going forward

All of the early work and funding got them in the front row for defense sales and upgrades

Standing head to head with the best in the world and winning on performance …

.. that’s a big deal

RAAS and service packages tailored to the client is the Ace

Best quote from the LD micro event “Like someone lit a match” (to the defense sector cash flow for mine countermeasures and military applications)

Boom!

spec

[CashCowMoo]

Nice, I will probably end up holding KRKN for a couple years. This is going to be an excellent long-term play.

[spec machine]

KRKNF presents at LD Micro tomorrow at 10:30 Eastern

Tune in

spec

[CashCowMoo]

i think i’m going to pick up some more shares next week

[spec machine]

The client roster is impressive and growing in breadth and $$ size

Finally getting a bit more awareness in the investment realm

spec

[CashCowMoo]

KRKNF news today. The contracts keep rolling in. Great long term potential with this one. Good share structure.

[spec machine]

Subsea drones for security just got a turbo boost

Who popped the Nordstream 1&2 ?

Realtime high resolution sonar is the new baseline

spec

[CashCowMoo]

NEWS: https://finance.yahoo.com/news/kraken-qualified-sell-directly-government-100000766.html

[CashCowMoo]

it’s slowly rising i like it

[spec machine]

L2 finally looks a bit less sleepy

Primed for a real run if the big boys take a stake (or just took one in the throw down)

cheers

spec

[CashCowMoo]

I really think there is something special here. Plus their products a very cool and will be in demand for a long time. The leadership is stacked with unique experience. This will be a long term hold for me.

[Ringrock]

Been here a while… ;)

[spec machine]

Yes, this is the inflection point that I, and many investors, look closely for

Good microcaps with their foundation validated by a stream of quality contract wins, invested in the pipeline to deliver the goods, and having a broad market that has $$$$ to spend

This is one of the best positioned companies that I can remember

Getting noticed by a broader investor base now

spec

[Ringrock]

Kraken Robotics Swings to Q2 Profit from Year-Ago Loss, Revenue $14.3 Million Vs $1.9 Million; Reiterates 2022 Guidance
By MT Newswires
— 6:42 AM ET 08/30/22
06:42 AM EDT, 08/30/2022 (MT Newswires) -- Kraken Robotics Inc. (KRKNF.NaE) on Tuesday reported Q2 net profit of $0.5 million, or $0.00 per share, compared with a net loss of $0.9 million, or $0.01 per share, a year earlier as gross margin improved.
Revenue for the quarter ended June 30 jumped to $14.3 million from $1.9 million a year earlier, the marine technology company said. Gross margin in the quarter widened to 44.8% from 39.0% in the prior year.
Kraken said revenue was driven higher by the continued delivery to the Royal Danish Navy of multiple mine-hunting systems, the addition of PanGeo Subea services, and the delivery of its SeaPower battery products to a USA defense contractor.
The company also said that it was keeping its financial guidance for 2022 unchanged. In 2022, it expects revenue to be in the $36 - $42 million range, and adjusted EBITDA in the $5 - $7 million range.
"We expect continued momentum with our Products business benefitting from increased demand in the defense world driven by upgrade cycles and geopolitical events," said CEO Karl Kenny.
"Our Service business is benefitting from our acquisition of PanGeo in 2021 and strong demand in both the offshore renewable and offshore oil and gas industries. Our contract pursuits pipeline is solid and we anticipate closing on significant opportunities in the coming months," Kenny said.

[spec machine]

Kraken Robotics advertisement in the August issue of Marine Technology Reporter

I do believe they are a breakout company at this level

I think the SAS is cutting edge and beyond (continued development and refinement)

It boils down to revenue growth and getting that converted into shareholder value

I like the new lean toward services and recurring revenue strengths in their specialty geophysics services for the booming "foundations and power grid" activity

PanGeo should be a big boost just on their current penetration of that service

I like the hardware ....

.. but it's up to management, the engineers, the makers, the operators, and delivering on customer needs ...

....that'll show on the tape

GLTY

spec

[CashCowMoo]

interesting. I have felt for a long time this stock is undervalued. To me this is a good long term hold. Anything under .50 is a deal in my opinion

[spec machine]

Dive Technologies Inc., having partnered with Kraken on the subsea pressure tolerant power system for the DIVE-LD (6000M depth rated), has recently been acquired by Anduril

this could be a significant boost to Kraken's reach into new defense markets
from Anduril's website -

Dive utilizes Large Format Additive Manufacturing (LFAM) techniques and a novel system architecture to rapidly produce the DIVE-LD at a fraction of the time and cost of existing AUVs. Once integrated into Anduril’s autonomy software, Lattice OS, the next iteration of DIVE-LD will further disrupt this segment of the market.

“We built Dive to make undersea exploration safer, smarter, and cheaper, and to offer customers the highest level of customization. In four years, we reinvented AUVs by building a new system architecture from the ground up and bringing 3D printing to subsea robotics,” said Dive Technologies co-founder and CEO Bill Lebo. “With Anduril, we will rapidly scale our team, technology, and production to ensure our military partners have the best, most strategic advantage and our commercial customers have the most reliable tech in the greatest depths of the world’s oceans. We’re excited for the next chapter.”

The acquisition follows Anduril’s selection by U.S. Special Operations Command to be its Systems Integration Partner, supporting counter unmanned systems efforts under a nearly $1B Indefinite Delivery Indefinite Quantity (IDIQ) contract.

I don't like Anduril's website, all beauty and no brains (graphics are slick but data is VERY thin)
https://www.anduril.com/
from Kraken Robotics -
https://krakenrobotics.com/dive-technologies-completes-successful-sea-trials-with-krakens-sonar-pressure-tolerant-batteries/

spec

[CashCowMoo]

I REALLY like this company and their products. I think this is being manipulated to keep it low for MM to gather shares slowly over time. IMO there is no reason for this to be where it is. Kraken will have its day.

[spec machine]

KRKNF @ USD $.27 - this could be the epic entry point for the bull run

Kraken has a unique set of offerings in a perfectly set up environment

- automation (including full autonomous operation) in marine security
- excellence in multi-band sonar/seismic tools for defense and offshore construction
- mine hunting, surveillance, seabed characterization
- proprietary technology as a leader in subsea pressure tolerant battery systems

heavy investment in ramping the manufacturing of hardware and integration of PanGeo are at the cusp of bearing fruit to the bottom line (profitability)

Selling subsea offerings as a service offers huge advantages to the customer base in acquiring the data at a high level of proficiency and maintaining leading-edge quality

spec

[spec machine]

Now moving as predicted

Q2 microcap review has an article on Kraken Robotics

page 17

https://pr.report/4fq1RZHj

very encouraged about the future

spec

[joelawyer]

Yeah, the next financial report is going to be very enlightening

[CashCowMoo]

still watching this. it definitely has a lot of potential

[joelawyer]

I agree. This is a great opportunity to accumulate shares.