Latest news with #KrakenRobotics
Yahoo
2 days ago
- Business
- Yahoo
Kraken Robotics Schedules Q2 2025 Financial Results Release and Webcast
ST. JOHN'S, Newfoundland and Labrador, Aug. 14, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that it will release second quarter 2025 financial results at 6:30am ET on Thursday, August 21, 2025. The Company has also scheduled a webcast to discuss results on Thursday, August 21, 2025 at 8:30am ET. The webcast will be hosted by Greg Reid, President and Chief Executive Officer and Joe Mackay, Chief Financial Officer of Kraken Robotics and will cover second quarter 2025 results ending June 30, 2025. Webcast Details: Date: Thursday, August 21, 2025 Time: 8:30am ET Registration URL: 1: Kraken SAS integrated on a REMUS 300 Uncrewed Underwater Vehicle ABOUT KRAKEN ROBOTICS Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA:LinkedIn Twitter Facebook YouTube Instagram FORWARD-LOOKING STATEMENTSCertain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release. For further information: Erica Hasenfus, Director of Joe MacKay, Chief Financial Officer(416) 303-0605jmackay@ Greg Reid, President & CEO(416) 818-9822greid@ Sean Peasgood, Investor Relations(647) 955-1274sean@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CBC
22-07-2025
- Business
- CBC
N.L. tech companies optimistic they'll see benefit from Ottawa's increased defence dollars
As Ottawa commits to ramping up defence spending by billions of dollars in the next decade, Newfoundland and Labrador tech companies anticipate more business coming their way. In June the federal government, along with other NATO members, promised to spend five per cent of its gross domestic product on defence spending by 2035. Prime Minister Mark Carney had said the new benchmark would have Canada spending $150 billion a year on defence. TechNL CEO Florian Villaumé, who leads the province's tech industry association, said the announcement has local companies excited, including companies that don't currently work in the defence sector. "Now we're talking about how can we take advantage of that opportunity to grow the tech sector, but also to create jobs and keep people here as well," he told CBC News. When there are large investments, Villaumé added, there are opportunities for tech companies to reach new markets. 'Rising tide' Ocean technology company Kraken Robotics CEO and president Greg Reid said about three-quarters of Kraken's business comes from the defence sector. The company already counts the Royal Canadian Navy, the Royal Danish Navy, the Polish Navy, the Royal Australian Navy and some U.S. companies as clients. He said Carney's commitments to spend more on defence is positive news and he anticipates more work for Kraken, and not just from the Canadian government but other NATO members. "I'll call it 'a rising tide lifts all boats' in the defence sector," said Reid. He added Kraken has already seen an increase in business from clients in other parts of the world and he'd like to see it on the "home front." "We've got capability. We've got people. We're a local manufacturer. And we'd love to be able to, you know, have people down the road point and say 'There's the Canadian champion in subsea technology,'" said Reid. He said Kraken's technology — which includes its Katfish mine-hunting systems, subsea batteries and sonar — can play a vital role in border control and Arctic security, which is increasingly challenging as ice melts and new waterways open. "It's a complicated world out there. There's a lot of ... 'geopolitical hotspots,' and now we're really starting to see it in the Arctic and at home as well," said Reid. Randy Billard, president and CEO of marine simulation company Virtual Marine, said his company began in the oil and gas sector but there are plenty of defence capabilities here too. "We're part of a very specialized group of [experts] here in Newfoundland and Labrador," said Billard. "There's a lot of experts working on ice. There's a lot of experts working on harsh environments. There's a lot of operational experience of people who are operating vessels," he said, which includes military vessels. Billard is also hoping to see some of the defence spending go to Virtual Marine. "I think it should because … you're really feeding an ecosystem here. The ecosystem has a lot of great creative people, a lot of great creative companies, like Virtual Marine." Avalon Holographic co-founder Russ Baker said its holographic displays technology has many defence applications, including mission planning, battle management and after-action reviews. He too welcomed the news from Ottawa and what it could mean for his St. John's-based company. "The increase in defence spending ... not just in Canada but across NATO, is expected to drive a lot of activity and innovation," he said. Baker expects the spending increase to mean the military will be "freed up" to work with smaller companies and is "cautiously optimistic" it will lead to Avalon Holographic seeing more purchases. "We're eagerly waiting to see how that plays out in practice when ... the rubber hits the road of the procurement process." 'Contracting is so complicated' There is some work that can be done to make sure Newfoundland and Labrador companies see a boost, and Villaumé said he'd like to see funding to help companies expand into the defence sector through funding for prototypes and testing. "The idea would be to help them grow that product," he said. Reid would like to see the Canadian government change how procurement contracts are awarded so it happens quicker. "Traditionally, the process of purchasing new equipment has taken so long and the contracting is so complicated that eventually when the technology gets in the hands of the [Canadian] Armed Forces, a lot of time has gone by," said Reid. He cautioned that it can lead to instances where technology isn't as relevant as people thought it was when the procurement process kicked off. Technology is changing rapidly and the government needs to be able to purchase necessary items faster, Reid added.
Yahoo
25-06-2025
- Business
- Yahoo
Are Strong Financial Prospects The Force That Is Driving The Momentum In Kraken Robotics Inc.'s CVE:PNG) Stock?
Most readers would already be aware that Kraken Robotics' (CVE:PNG) stock increased significantly by 13% over the past month. Given the company's impressive performance, we decided to study its financial indicators more closely as a company's financial health over the long-term usually dictates market outcomes. Specifically, we decided to study Kraken Robotics' ROE in this article. Return on equity or ROE is a key measure used to assess how efficiently a company's management is utilizing the company's capital. In other words, it is a profitability ratio which measures the rate of return on the capital provided by the company's shareholders. AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Kraken Robotics is: 15% = CA$18m ÷ CA$122m (Based on the trailing twelve months to March 2025). The 'return' is the yearly profit. So, this means that for every CA$1 of its shareholder's investments, the company generates a profit of CA$0.15. View our latest analysis for Kraken Robotics We have already established that ROE serves as an efficient profit-generating gauge for a company's future earnings. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. To begin with, Kraken Robotics seems to have a respectable ROE. And on comparing with the industry, we found that the the average industry ROE is similar at 15%. This probably goes some way in explaining Kraken Robotics' significant 67% net income growth over the past five years amongst other factors. However, there could also be other drivers behind this growth. For instance, the company has a low payout ratio or is being managed efficiently. We then compared Kraken Robotics' net income growth with the industry and we're pleased to see that the company's growth figure is higher when compared with the industry which has a growth rate of 48% in the same 5-year period. Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. What is PNG worth today? The intrinsic value infographic in our free research report helps visualize whether PNG is currently mispriced by the market. Kraken Robotics doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the high earnings growth number that we discussed above. In total, we are pretty happy with Kraken Robotics' performance. Particularly, we like that the company is reinvesting heavily into its business, and at a high rate of return. Unsurprisingly, this has led to an impressive earnings growth. With that said, the latest industry analyst forecasts reveal that the company's earnings growth is expected to slow down. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company. — Investing narratives with Fair Values A case for TSXV:USA to reach USD $5.00 - $9.00 (CAD $7.30–$12.29) by 2029. By Agricola – Community Contributor Fair Value Estimated: CA$12.29 · 0.9% Overvalued DLocal's Future Growth Fueled by 35% Revenue and Profit Margin Boosts By WynnLevi – Community Contributor Fair Value Estimated: $195.39 · 0.9% Overvalued Historically Cheap, but the Margin of Safety Is Still Thin By Mandelman – Community Contributor Fair Value Estimated: SEK232.58 · 0.2% Overvalued View more featured narratives — Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
09-06-2025
- Business
- The Market Online
The 5-Minute Investor Podcast, Ep. 14: Buy-now tech stocks
Welcome to episode 14 of The 5-Minute Investor Podcast, where Stockhouse columnists Jonathon Brown and Trevor Abes each deliver a 2.5-minute stock pick related to recent news stories with investment implications. Here is Jon's supporting material for episode 14: How has Canada's tech industry fared in 2025? (Stockhouse). Jon's stock pick for this week is Kraken Robotics (TSXV:PNG), a subsea technology specialist providing 3D imaging sensors, power solutions and robotic systems. At the time of writing, Kraken Robotics stock last traded at C$2.86, adding 201.05 per cent year-over-year and 460.78 per cent since 2020. Here is Trevor's: Here's a list of past episodes: Thanks for listening! The 5-Minute Investor is on Spotify, YouTube, iHeartRadio, Podbean, Stockhouse or wherever finer podcasts are found. Join the discussion: Find out what investors are saying about The 5-Minute Investor Podcast and this week's tech stock picks on the Kraken Robotics Inc. and Gatekeeper Systems Inc. Bullboards, and make sure to check out the rest of Stockhouse's stock forums and message boards. The material provided in this podcast is for information only and should not be treated as investment advice. For full disclaimer information, please click here. (Top image: Adobe Stock)
Associated Press
04-06-2025
- Business
- Associated Press
Kraken Robotics Appoints Defense Industry Veteran and Former RTX and Boeing Executive Kristin Robertson to Board of Directors
ST. JOHN'S, Newfoundland and Labrador, June 04, 2025 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. ('Kraken' or the 'Company') (TSX-V: PNG, OTCQB: KRKNF) announces that Kristin Robertson has been appointed to the Company's Board of Directors. Robertson, formerly of Boeing and RTX Corporation, is a highly experienced executive with more than 30 years of managing complex portfolios at top U.S. defense companies. She is currently President and owner of KBR Insights, a Virginia-based strategic consulting firm focused on operational excellence, strategy, and growth in the aerospace and defense sector. Robertson has extensive knowledge of disruptive technology, digital practices, and methodologies applied across the lifecycle of defense, space, intelligence, and commercial organizations. She led RTX Corporation's (formerly Raytheon) space business as President of Space and C2 Systems from 2022 – 2023, providing cutting edge integrated space solutions for defense, intelligence, and commercial customers globally. Before that, she spent 28 years at Boeing in multiple senior leadership positions across military aircraft and autonomous systems programs. As Vice President and Manager of Autonomous Systems, Robertson led a portfolio of seabed projects including Orca extra-large unmanned undersea vehicle (XLUUV) for the U.S. Navy and served as Board Chairman for five Boeing subsidiaries, including Liquid Robotics. Prior to Boeing, Kristin was employed by the U.S. Navy as a civilian electronics engineer at the Naval Aviation Depot in San Diego, California. She received her bachelor's degree in electrical engineering from the University of California San Diego and her master's degree in international business from Saint Louis University. 'I am honored to join the board of Kraken Robotics, a company at the forefront of ocean technology and innovation,' said Ms. Robertson. 'With its cutting-edge subsea imaging, battery and robotics solutions, Kraken is transforming how we explore and understand the deep sea. I look forward to contributing to its continued growth and global impact.' 'We are pleased to welcome Kristen to Kraken's Board of Directors,' said Greg Reid, President and CEO of Kraken Robotics. 'Her wealth of experience in the U.S. defense industry leading top contractors will be invaluable for Kraken as we move to the next stage of company growth.' Kraken also announced that its Board of Directors has approved the issuance of 3,425,000 stock options to certain employees and directors. These options have a seven-year term, with vesting in four equal instalments on the annual anniversaries of the initial date of grant. The exercise price on the options is $2.42. Figure 1: Kristin Robertson has joined Kraken Robotics' Board of Directors ABOUT KRAKEN ROBOTICS INC. Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is transforming subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. Our products and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken's synthetic aperture sonar, sub-bottom imaging, and LiDAR systems offer best-in-class resolution, providing critical insights into ocean safety, infrastructure, and geology. Our revolutionary pressure tolerant batteries deliver high energy density power for UUVs and subsea energy storage. Kraken Robotics is headquartered in Canada with offices in North America, South America, and Europe, supporting clients in more than 30 countries worldwide. LINKS: SOCIAL MEDIA: FORWARD-LOOKING STATEMENTS Certain information in this news release constitutes forward-looking statements. When used in this news release, the words 'may', 'would', 'could', 'will', 'intend', 'plan', 'anticipate', 'believe', 'seek', 'propose', 'estimate', 'expect', and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary further information: Erica Hasenfus, Director of Marketing [email protected] Joe MacKay, Chief Financial Officer (416) 303-0605 [email protected] Greg Reid, President & CEO (416) 818-9822 [email protected] Sean Peasgood, Investor Relations (647) 955-1274 [email protected] A photo accompanying this announcement is available at
