Kraken Robotics (OTCMKTS:KRKNF) Issues Quarterly Earnings Results

Kraken Robotics (OTCMKTS:KRKNF) posted its earnings results on Thursday. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01, Zacks reports. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%. The business had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million.

Kraken Robotics Price Performance

Shares of KRKNF stock opened at $3.92 on Friday. The stock’s 50-day moving average is $4.44 and its 200 day moving average is $5.41. Kraken Robotics has a 1-year low of $2.39 and a 1-year high of $8.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.37 and a quick ratio of 1.27. The company has a market cap of $1.46 billion and a P/E ratio of -392.00.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised shares of Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Kraken Robotics Company Profile

Kraken Robotics Ltd. is a marine technology company headquartered in St. John’s, Newfoundland and Labrador, Canada. The company specializes in the design, development and manufacture of advanced underwater robotic platforms and sensor systems. Kraken’s solutions are built to support a range of subsea activities, from high-resolution seabed mapping and inspection to autonomous data collection and remote operations.

Kraken’s product suite includes synthetic aperture sonar, side-scan and interferometric sonar arrays, laser imaging systems, and acoustic ranging sensors, as well as autonomous underwater vehicles (AUVs) and remotely operated vehicles (ROVs).