KRKNF - Kraken Robotics Inc.

Other OTC - Other OTC Delayed Price. Currency in USD
0.4802
-0.0107 (-2.18%)
As of 2:53PM EST. Market open.
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Previous Close0.4909
Open0.4834
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.4700 - 0.4896
52 Week Range0.2610 - 0.6934
Volume5,330
Avg. Volume46,035
Market Cap67.443M
Beta (3Y Monthly)2.64
PE Ratio (TTM)N/A
EPS (TTM)-0.0220
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Kraken to Supply Thrusters to Leader in Robotic Net Cleaners for the Aquaculture Industry

    Under the agreement, MPI will purchase RIM-driven thrusters and control systems for use in MPI’s new JetMaster automated cage cleaners used for fish farming. While JetMaster is a new product for MPI, its leading position in fish farming cleaners and the growth of the aquaculture industry, gives MPI confidence it will purchase at least $2 million worth of Kraken thrusters per year going forward.

  • GlobeNewswire

    Kraken Reports Q3 2019 Results

    ST. JOHN’S, Newfoundland, Nov. 26, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF), Canada’s Ocean Company, announced it has filed its financial results for the third quarter ended September 30, 2019. Additional information concerning the Company, including its unaudited condensed consolidated interim financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended September 30, 2019, can be found at www.sedar.com. Majority of revenue in the quarter was driven by the delivery of subsea batteries to Ocean Infinity and the delivery of a KATFISH™ to ThayerMahan.

  • GlobeNewswire

    Kraken Announces Major Subsea Battery Milestone With Ocean Infinity

    As a result, using Kraken batteries, Ocean Infinity can operate increased survey ranges to nearly 700 line-kilometers per deployment. Using batteries from Kraken subsidiary, Kraken Power GmbH, Ocean Infinity is seeing an increase of almost 100% in energy capacity in the same physical form factor as the original stock batteries in their Hugin AUVs. From an operational perspective this gives Ocean Infinity considerable flexibility to optimize mission plans, increase area coverage, manage weather impact, reduce launch and recovery operations, and significantly increase value for their customers in even the most remote parts of the world’s oceans.

  • GlobeNewswire

    Kraken Announces Preliminary Record Q3 Revenue of $7.6 - $7.8 Million

    ST. JOHN’S, Newfoundland, Oct. 16, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that it anticipates record quarterly revenue from $7.6 to $7.8 million for the recently completed third quarter ended September 30, 2019. This is the Company’s largest quarterly reported revenue and exceeds the total revenue recognized in all of 2018 ($6.7 million). Based on year-to-date results and continued order and shipment activity, Kraken expects strong momentum to continue in Q4 and 2020.

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  • GlobeNewswire

    Kraken Receives $750,000 of Innovation Funding

    ST. JOHN’S, Newfoundland, Oct. 03, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., will receive a financial contribution of up to $749,746 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This funding is being used to support research and development of Kraken’s ThunderFish® XL Autonomous Underwater Vehicle (AUV) and is part of Kraken’s $20 million OceanVision™ project that was announced at the end of June.

  • GlobeNewswire

    Kraken Notified of Successful Bid on International Mine Hunting Upgrade Program

    ST. JOHN’S, Newfoundland, Oct. 02, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received official notification that the Company was chosen as the successful bidder on a program for the acquisition of new sonar systems for an unnamed international navy. The navy customer has notified Kraken that it intends to enter into a contract with Kraken after the expiration of a standstill period. Kraken was one of four companies whose offers were received and evaluated and all four bidders have been notified of the result.  Under the program, Kraken will deliver the KATFISH towed synthetic aperture sonar as well as autonomous launch and recovery systems (ALARS) to the customer.

  • GlobeNewswire

    Kraken to Establish Robotics-as-a-Service Joint Venture

    ST. JOHN’S, Newfoundland, Sept. 24, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., intends to establish a joint venture with a company owned by Kraken Board member, Larry Puddister, for the provision of subsea services. The joint venture will be called Ocean Discovery Inc. (“Ocean Discovery”) and will operate in Atlantic Canada.

  • GlobeNewswire

    Kraken Awarded $2.9 Million KATFISH Contract from ThayerMahan Inc.

    ST. JOHN’S, Newfoundland, Sept. 23, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received a purchase order from ThayerMahan Inc., for a KATFISH™ 180 system. This follows a first KATFISH™ order in June 2019 from them. ThayerMahan Inc. is a US-based company specializing in the design, integration, and operation of autonomous maritime systems for government, industry, and academic customers.  The contract value is $2.9 million, with delivery expected in Q1, 2019.

  • GlobeNewswire

    Kraken Launches OceanVision™ Project

    ST. JOHN’S, Newfoundland, Sept. 09, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has launched the initial phase of its OceanVision™ project.  Commencing in late September, Kraken will deploy its sensors and unmanned underwater platforms to conduct ultra-high definition seabed imaging and mapping on the Grand Banks of Newfoundland and other areas of Atlantic Canada. OceanVision™ is a three-year, $20 million project focused on the development of new marine technologies and products to enable an underwater data acquisition and analytics as a service business.

  • GlobeNewswire

    Kraken Awarded $2 Million Deep Sea Battery Contract

    ST. JOHN’S, Newfoundland and Labrador, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded a contract for approximately $2.0 million by a military customer to provide a high capacity battery solution for an underwater robotics application. Karl Kenny, Kraken's President and CEO, said, "We have seen military and commercial customers adopt our subsea power solutions across a variety of deep-sea applications, and we are pleased that this large military customer has again chosen Kraken’s SeaPower™ batteries. Kraken Power offers a range of batteries, thrusters and drives addressing the needs of both military and commercial customers.

  • GlobeNewswire

    Kraken Reports Q2 2019 Results and Reiterates $15M Revenue Guidance and Profitability for Fiscal 2019

    ST. JOHN’S, Newfoundland, Aug. 29, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announced it has filed its financial results for the second quarter ended June 30, 2019. Additional information concerning the Company, including its unaudited condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended June 30, 2019, can be found at www.sedar.com. Kraken expects a very strong second half in 2019 and to achieve our previously announced revenue and net income objectives.

  • GlobeNewswire

    Kraken’s ThunderFish® Delivered to Defense Research and Development Canada

    ST. JOHN’S, Newfoundland, Aug. 13, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that, its wholly owned subsidiary, Kraken Robotic Systems Inc, has delivered its ThunderFish® 300 Autonomous Underwater Vehicle (AUV) to its test partner, Defense Research and Development Canada (DRDC) in Halifax, Nova Scotia. The delivery to DRDC was facilitated by a $1 million contract award under the Canadian government’s Build in Canada Innovation Program.

  • GlobeNewswire

    Kraken Awarded $0.5M Contract for SeaVision® Sensors

    ST. JOHN’S, Newfoundland, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”) is pleased to announce that, its wholly owned German subsidiary, Kraken Robotik GmbH, has been awarded a contract to deliver 3,000 meter rated SeaVision® laser scanning sensors to the GEOMAR Helmholtz Centre for Ocean Research in Kiel, Germany. GEOMAR is a leading global institute for marine research with approximately 1,000 employees. Under this contract, Kraken will deliver a twin pod SeaVision® 3D laser scanner as well as three SeaVision® profilers (each consisting of a Kraken SmartCam™ and separate laser).

  • GlobeNewswire

    Kraken Awarded $1.8M in Project Funding to Develop Mooring Chain Laser Inspection Sensor

    ST. JOHN’S, Newfoundland, Aug. 02, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that following successful trials with Husky Energy (Husky), its wholly owned subsidiary, Kraken Robotic Systems Inc., has been awarded funding for the development of a mooring chain laser inspection sensor, for use in offshore oil and gas applications. Under the project, a total of $1.8 million of funding is being provided in cash and in-kind services from Husky ($1.26M) and the Government of Newfoundland and Labrador, through the Innovation and Business Investment Corporation ($540,000). The project cash component received by Kraken will be $720,000.

  • GlobeNewswire

    Kraken Conducting Joint Technology Demonstrations with NOAA & ThayerMahan

    ST. JOHN’S, Newfoundland and Labrador, July 22, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that since July 18, ThayerMahan and the National Oceanographic and Atmospheric Administration (NOAA) have conducted joint operations using Kraken’s sonar and laser scanning technologies. This follows a Cooperative Research and Development Agreement (CRADA) signed between Kraken and NOAA as well as Kraken’s strategic partnership signed with ThayerMahan, both in 2018.

  • GlobeNewswire

    Kraken Announces Executive Appointment and Management Promotions

    Karl Kenny, Kraken's President & CEO, said, "As Kraken continues to transition from early stage commercialization to a more vertically integrated provider of products and services, we continue to add management depth. Joe brings more than 20 years of Bay Street experience as well as Financial Planning & Analysis (FP&A) and Investor Relations expertise at a large telecom service provider.

  • GlobeNewswire

    Canada’s Ocean Supercluster Commits Funding to Kraken’s $20M OceanVision™ Project

    ST. JOHN’S, Newfoundland , June 28, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been conditionally approved by the Ocean Supercluster to move forward with its OceanVision™ project. OceanVision™ is a three-year, $20 million project focused on the development of new marine technologies and products to enable an underwater robotics data acquisition and data analytics as a service business.

  • GlobeNewswire

    Kraken Awarded $0.9 Million U.S. Navy Contract

    ST. JOHN’S, Newfoundland, June 17, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has been selected by the US Office of the Secretary of Defense, Comparative Test Office, to participate in a Foreign Comparative Testing (FCT) program in support of a US Navy Program of Record managed by the Naval Sea Systems Command, EOD Program Office. Under this contract, Kraken will integrate its AquaPix® MINSAS sensor on a man-portable Autonomous Underwater Vehicle (AUV) owned by the U.S. Navy.

  • GlobeNewswire

    Kraken Receives $2.1 Million KATFISH Contract from ThayerMahan Inc.

    ST. JOHN’S, Newfoundland, June 13, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (PNG.V) (KRKNF) (“Kraken” or the “Company”), is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc., has received a purchase order from ThayerMahan Inc., for a KATFISH™ 180 system. ThayerMahan Inc. is a US-based company specializing in the design, integration, and operation of autonomous maritime systems for government, industry, and academic customers.  The contract value is $2.1 million and delivery is expected in Q3, 2019. ThayerMahan will deploy Kraken’s KATFISH 180 as part of its SeaScout® expeditionary system for seabed mapping and intelligence.

  • GlobeNewswire

    Kraken Establishes Unmanned Maritime Vehicles Facility at COVE in Dartmouth, Nova Scotia

    Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) is pleased to announce that its wholly owned subsidiary, Kraken Robotic Systems Inc. has established a new 4,000 square foot facility named the Unmanned Maritime Vehicles Facility (UMVF). The UMVF is located at the Centre for Ocean Ventures and Entrepreneurship (COVE) in Dartmouth, Nova Scotia. Kraken’s Handling Systems Group has already moved into the new location and will continue to build Kraken’s Tentacle® Winch and Autonomous Launch and Recovery Systems there.

  • GlobeNewswire

    Kraken Reports Q1 2019 Results and Reiterates Fiscal 2019 Outlook

    ST. JOHN’S, Newfoundland, May 31, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announced it has filed its financial results for the first quarter ended March 31, 2019. Additional information concerning the Company, including its unaudited condensed consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the quarter ended March 31, 2019, can be found at www.sedar.com. Kraken has $2.1 million in previously awarded funding to draw upon from government agencies.

  • GlobeNewswire

    Kraken Robotics to Resume Trading on TSX-V on Thursday, May 16th

    ST. JOHN’S, Newfoundland, May 15, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) ("PNG" or the "Company") announces that the British Columbia Securities Commission (the "Commission") has revoked the cease trade order issued against the Company on May 6, 2019 (the "Cease Trade Order"). The Cease Trade Order was issued as a result of the Company's failure to file its audited annual financial statements for the year ended December 31, 2018, its management's discussion and analysis relating to the audited annual financial statements for the year ended December 31, 2018, together with the related certifications (collectively, the "Disclosure Documents"), on or before the prescribed filing deadline of April 30, 2019 as required by National Instrument 51-102, Continuous Disclosure Obligations, and NI 52-109, Certification of Disclosure in Issuers' Annual and Interim Filings, respectively.

  • GlobeNewswire

    Kraken Reports Strong Growth in 2018 and Provides Outlook for 2019

    ST. JOHN’S, Newfoundland, May 10, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (TSX-V: PNG, OTCQB: KRKNF) announced it has filed its financial results for the fourth quarter and year ended December 31, 2018. Additional information concerning the Company, including its audited consolidated financial statements and related management’s discussion and analysis (“MD&A”) for the year ended December 31, 2018, can be found at www.sedar.com. At year-end 2018, Kraken had $1.9 million in previously awarded funding to draw upon from government agencies.

  • GlobeNewswire

    Kraken Announces Delay in Filing 2018 Financial Results and Cease Trade Order

    ST. JOHN’S, Newfoundland, May 07, 2019 (GLOBE NEWSWIRE) -- Kraken Robotics Inc. (“Kraken”) (TSX-V: PNG, OTCQB: KRKNF) discloses today that the filing of its annual financial statements for the fiscal year ended December 31, 2018, the related management’s discussion and analysis and the related officer certifications of the annual filings (collectively, the “2018 Annual Financial Filings”) were not completed by the deadline of April 30, 2019 (the “Filing Deadline”). As a result, after close of markets on May 6, 2019 the British Columbia Securities Commission issued a cease trade order (the “Cease Trade Order”) against the Corporation pursuant to National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions and its securities have been halted from trading on the TSX Venture Exchange.