Kraken Robotics Q1 2023 Earnings Report

Kraken Robotics EPS Results

• Actual EPS: -C$0.01
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Kraken Robotics Revenue Results

• Actual Revenue: $7.58 million
• Expected Revenue: $16.60 million
• Beat/Miss: Missed by -$9.02 million
• YoY Revenue Growth: N/A

Kraken Robotics Announcement Details

• Quarter: Q1 2023
• Date: 5/30/2023
• Time: N/A

Kraken Robotics (CVE:PNG), a marine technology company, engages in the design, manufacture, and sale of sonar and optical sensors, batteries, and underwater robotic equipment for unmanned underwater vehicles used in military and commercial applications in Canada, the Asia Pacific, Europe, the Middle East, Africa, North America, and internationally. It operates in two segments, Products, and Services. The company offers AquaPix miniature interferometric synthetic aperture sonar (MINSAS), a configurable MINSAS; and SeaPower, a pressure tolerant deep sea batteries. It also provides Kraken Active Towed Fish (KATFISH), a towed underwater vehicle for high speed and high resolution seabed mapping; LARS, an autonomous launch and recovery system that enable an unmanned vehicle and its payloads to be brought aboard to a host ship; Acoustic Core that provides a 3D image of stratigraphy layers and anomalies across the entire foundation footprint; and Sub-Bottom Imager used to view image beneath the seabed. In addition, the company designs and manufactures pressure tolerant batteries, battery management systems, and electronics; and robotics as a service. The company was formerly known as Kraken Sonar Inc. and changed its name to Kraken Robotics Inc. in September 2017. Kraken Robotics Inc. is headquartered in Mount Pearl, Canada.