Kraken Robotics (OTCMKTS:KRKNF) Announces Quarterly Earnings Results

Kraken Robotics (OTCMKTS:KRKNF) released its earnings results on Thursday. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01, Zacks reports. Kraken Robotics had a positive return on equity of 0.31% and a negative net margin of 6.91%.The company had revenue of $19.23 million for the quarter, compared to the consensus estimate of $18.52 million.

Kraken Robotics Stock Performance

Shares of KRKNF opened at $3.85 on Friday. The firm has a market capitalization of $1.43 billion and a PE ratio of -385.00. The company has a quick ratio of 1.27, a current ratio of 1.37 and a debt-to-equity ratio of 0.10. The firm has a 50-day moving average price of $4.40 and a 200 day moving average price of $5.40. Kraken Robotics has a 52-week low of $2.39 and a 52-week high of $8.13.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KRKNF shares. ATB Cormark Capital Markets raised shares of Kraken Robotics from a “strong sell” rating to a “hold” rating in a report on Friday. Scotiabank upgraded shares of Kraken Robotics to a “strong-buy” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Kraken Robotics has an average rating of “Moderate Buy”.

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).