Kraken Robotics Inc (KRKNF)

[spec machine]

Kraken SAS on a REMUS AUV (Dec 2022 release)

Kraken Awarded $50+ Million Navy Contract for Royal Canadian Navy Minehunting Program https://t.co/PMj0mOFnB3 pic.twitter.com/S08I3E4zPV

— Kraken Robotics (@KrakenRobotics) December 7, 2022

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

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