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Kraken Robotics Inc. (PNG.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.5700-0.0100 (-1.72%)
As of 9:50AM EST. Market open.
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  • B
    Bluffett
    Earnings are out. Not good, but in first payments from navy deals are coming in Q4
    "The Company’s balance sheet is strong. While Kraken exited the quarter with a cash balance of $1.9 million, compared to $2.1 million at December 31, 2019, subsequent to the quarter, we closed a bought deal short form prospectus offering for gross proceeds of $10.4 million. In addition, during Q4 the Company will receive advance payments on recent orders with the Danish and Polish Navies totaling $8.8 million."
  • B
    Bluffett
    Just finished reading the Q3 MD&A. So 8,8 million coming in Q4/2020 from the Danish navy deal. 0,5 million from GEOMAR deal and in addition one MINSAS sensor to be delivered in Q4 (I have no idea how much revenue that brings in).

    So 9,3 million + MINSAS sensor + any other revenue.

    It's safe to say that in 2020 revenue will exeed 20 million CAD vs. 15,15 million in 2019.
  • G
    Giovanni
    Eraning are bad on this quarter but it is only a timing difference. Next quarter is going to be stellar as they have already secured basically record earnings. I will buy so much more at this price.

    "Subsequent to the quarter, we closed a bought deal short form prospectus offering for gross proceeds of $10.4 million. In addition, during Q4 the Company will receive advance payments on recent orders with the Danish and Polish Navies totaling $8.8 million"
  • B
    Bluffett
    "We are also involved in active discussions with other NATO navies. We are seeing continued and solid interest for our KATFISH™ and ALARS products within the global defense and commercial markets."

    That's also nice.
  • D
    Djery
    Q3 result was not good, but the forecast for Q4 and 2021 are fantastic for 100 million market cap company. This is just stock for hold 5 years and more. I am still very bullish for a long time.
    Bullish
  • T
    Ty
    Got in a small portion at .70. Going to avg. down. Next two earnings will bring this back into that $1 range.
    Bullish
  • b
    ben
    Been eyeing this company for a week and a bit now. Kind of happy to see it down on weaker earnings. From what I understand Q4 will be better and don?t forget that Kraken is still consistent YTD. Going to buy in tomorrow when the #$%$ my account. I am now a Kraken Long
    Bullish
  • B
    Brendo
    "While Q3 2020 revenue was below the prior year, revenue is relatively unchanged on a year-to-date basis. However, going forward, we are very pleased to have secured and are now strongly focused on executing the recent $40 million+ of orders we have received from both the Danish and Polish navies. We are also involved in active discussions with other NATO navies."

    Tell me, how many companies do you know that have existed for 8 years and have such a well-filled portfolio? Of course I also expected more from today's figures but be patient to follow the new orders. If you dare to claim that there are such good defense contacts then I believe that this will only add to the current order portfolio.

    I am from the Netherlands so you should forgive me for minor spelling mistakes!
  • S
    Shynobi Future
    Any news on when earnings are? Why haven’t they said anything? I’m long on Kraken!! Think they have a hugeee future.
    Bullish
  • J
    James
    I'm buying this dip wait and see what the people that are expecting the moon here will drive it down to and buy as many shares as I can I purchased from $0.07 11 cents $0.17 and $0.26 $0.35 and $0.45 on the NASDAQ sold 100000 shares at $0.62 and I'm not looking to buy 300000 more shares in this dip
  • r
    richard evans
    Wait it out and buy some more in the low 50s I guess!
  • B
    Brendo
    From Marketbeat
    Earnings
    Kraken Robotics Inc. (PNG.V) has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Monday, November 23rd, 2020 based off prior year's report dates.
  • b
    ben
    Who is ready for me to buy tomorrow?
    Bullish
  • N
    Nathan
    If earnings are after close Monday, do you think we will see a dip Monday or hold around .60?
    Bullish
  • R
    Rob
    I don’t think earnings will be Monday, I believe they have to announce when earnings are to be released. I’m hoping after the 25th when the rest of the options expire
  • k
    keven
    very interesting investment if you plan to hold couples years. great contract... risk/reward ratio looks good
  • R
    Rasheed
    Down 7% already.
  • B
    Brendo
    Being ranked 36/50 in Canada (one of two companies in #AtlanticCanada and the ONLY #Newfoundland company on the list!) is pretty darn impressive... but so is being ranked 211/500 in North America!

    A heartfelt THANK YOU to all of our employees, clients, and investors for helping us get here.

    https://lnkd.in/djVGxQt
  • D
    Dillon K
    Earnings in 5 days... if they released some positive information on the status of their contracts with ER it would send this stock flying! excited either way!
    Bullish
  • L
    Lesly
    earnings are not terribly bad .. its a micro cap company! ..