Kraken Robotics (KRKNF) Projected to Release Earnings on Thursday

Kraken Robotics (OTCMKTS:KRKNF) will likely be announcing its results before the market opens on Thursday, August 27th. Analysts expect Kraken Robotics to announce earnings of $0.01 per share and revenue of $18.5170 million for the quarter.

Kraken Robotics (OTCMKTS:KRKNF) last posted its quarterly earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share (EPS) for the quarter. Kraken Robotics had a negative net margin of 0.68% and a negative return on equity of 0.35%. The business had revenue of $15.60 million during the quarter, compared to the consensus estimate of $18.30 million. On average, analysts expect Kraken Robotics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Kraken Robotics Trading Down 3.2%

Shares of KRKNF stock opened at $4.18 on Tuesday. The stock has a market capitalization of $1.55 billion and a price-to-earnings ratio of -418.00. 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’s fifty day simple moving average is $4.50 and its two-hundred day simple moving average is $5.44.

Analysts Set New Price Targets

Separately, Scotiabank upgraded Kraken Robotics to a “strong-buy” rating in a research report on Tuesday, July 7th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

About Kraken Robotics

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).