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Ticker: KRKNF US OTC/PNG Candian exchange (Stocktwits- PNG.CA)
This is my research on Kraken Robotics. This company should see strong near-term price increases and I expect at least 8-12x growth in the next 24 months. As of this writing the share price is sitting at $0.50.
Before you read any further, I want you to understand what I look for in an investment; I invest in companies that are undervalued, possess world changing technology and have a large potential catalyst, be it financial changes, a market inflection point, buy out or pending regulatory approval. For it to make sense to me, the company must provide me with a large near-term upside and continued long-term growth. Basically, I am looking for penny stocks that should not be. Kraken fits all these requirements for me and is just starting to pick up speed in the industry. I will continue to update this, but I feel that it will be moving quickly so I would like to get this in front of everyone’s eyes ahead of time. I am not a financial advisor, I am a mom and a professional fire officer, do your own DD.
My last DD here was for MVIS which was under $7 and less than a month later is at $20 – Penny Queen
If you like this DD give it an upvote on r/trakstocks, I am cross-posting because this type of stock is what this subreddit is all about. The audience at trakstocks is huge and actively invest. (6) Release the Kraken - Autonomous Vehicles, AI, Battery & Sensor Tech, RaaS and clean energy play : trakstocks (reddit.com)
About Kraken Robotics is a 6-year-old robotics company specializing in autonomous vehicles, high-end, software-centric sensors, subsea batteries, and thrusters for military and commercial customers. They are now providing AI assisted RaaS (Robots as a service) and they are transitioning their business model to focus on recurring revenue from subsea data acquisition and data analytics.
Their key areas of innovation are autonomous vehicles, battery and sensor technology, AI data analytics and robotics as a service (RaaS)
Kraken is an up-and-coming player that has gone from a workforce of 20 to over 150 in the past couple of years as they have been acquiring companies and their technology while expanding their operations. They are a growing presence in the 10-billion-dollar underwater vehicle market, ranked by Deloitte as the fastest growing tech company on the East coast (Canada). I highly recommend you view the videos that I have linked in order to grasp just how much better the imaging that Kraken is producing compared to its competitors.
Financials - Kraken’s financial will change drastically in mid-April when they release their 2020 Q4 which will show a 40 million dollar contract they received. This contract alone is equal to half their market cap.
Their current revenue stream supports a $1 price point, with a $6 price point factoring in unrecognized contracts, continued sector growth with similar contract capturing. I see $1 in the next 6 weeks and $3 by end of year.
Market cap of 86.33M 165.01M outstanding shares and an extremely low float of only 112.29M – insider ownership sits right around 30%. Con- there is no real institutional ownership. Yahoo Finance
**Typical volume for Kraken has been about 178k a day, the recent contract news has pushed this to 1.3m today, telling me it is ready to move on up. The lack of attention this company has received is a major reason for its low price point.
Kraken raised 10m in October 2020 to expand its robotics as a service business, on leasehold improvements, equipment, parts and inventory and possible future acquisitions.
Management Discussion and Analysis Q3
Products -
Autonomous Vehicles
· AUVs (autonomous underwater vehicles)
· USV (unmanned surface vehicles)
· Towfish (Towed underwater vehicle)
· ROV (remotely operated vehicle)
Katfish subsea pressure neutral batteries
📷
Software-Centric Sensors – These innovative sensors provide ultra-high-resolution imagery of the sea floor, think of it as GoogleMaps – water edition.
· SaS Sonar-synthetic aperture sonar provides 15x high image resolution than conventional side scanning sonar, with larger coverage area.
· Seavision – 1st ever full color 3-D underwater laser with real-time processing, live video streams and
Rim Mounted Thrusters
Market and Application – Representatives of Kraken Robotics, the underwater vehicle market could be worth $10 billion annually by 2025.
The military market encompasses naval mine countermeasures, anti-submarine warfare, intelligence, surveillance and reconnaissance. They believe this could be a US$4 billion market by 2025.
The commercial market includes far more, cable & pipeline surveys, subsea mapping, oil rig and offshore wind and wave energy asset inspection, maintenance repair and environmental monitoring. They believe this could be a US$6 billion market by 2025.
**Applications -**Their IP and sensor technology are also applicable to some space exploration and potentially automotive sensor applications.
Major Catalysts
· Q4 – Their Q4 financials will be a gamechanger, expected in mid-April, should show the first payments from the Danish contract. This is the point where I would expect institutional investments to begins.
· Gaining traction in military defense – They recently secured a large mine hunting contract with the Danish military for $40 million (nearly their market cap), beating out major players in the industry (Thales, Northrup Grumman and Raytheon) in the process. They have also secured contracts with Poland and the US, which are widely considered a foot in the door for larger NATO contracts. (1) Kraken Robotics - #StoryToTell - OSC Video Series - Episode 1 - YouTube
· Executive staff -Kraken has brought US Vice Admiral Michael J Connor onto the board of directors. He spent 35 years in the US Navy and ran the submarine fleet and is “opening doors” for the company per Greg Reid, Kraken's CFO.
·Future Contracts -I spoke with investor relations yesterday and they informed me that Kraken Robotics is currently pursuing over 100 million dollars in contracts. Yesterday they released a PR announcing a new 3.5m in contracts this included the following information about the upcoming year:
· R&D Successful testing of their SeaScout and ThunderFish technology.Underwater vehicle platforms:
These notes are from yesterday's PR :
“We have a strong pipeline of international pursuits with military (NATO and allied navies) and commercial companies. Given where we are in the sales cycle with several of these customers, we feel confident in our ability to deliver significant growth from the SeaScout® platform in 2021 and onwards.”
SAS sensors: “We believe our Aquapix MINSAS sensor is gaining traction as it has been bid and is being incorporated into numerous RFI and RFP responses from larger defense companies and AUV manufacturers on notable upcoming programs.” End user evaluation is continuing.
Remote Minehunting and Disposal System RFP expected released Q1 21.. will partner with several large defense contractors on the bid. Canadian Guv prelim estimates for this contract are between 20-40 million. Subsea power: Moved to larger facility in Q4 2020 to improve customer delivery times and should improve margins RaaS: Busy 2021 in the field. Partnering with larger service companies to bid on various offshore service opportunities.
“Kraken has numerous commercial pursuits in survey and inspection RaaS covering offshore oil and gas and offshore wind in NA, SA, and Europe. R&D - Commercial availability projection: Seamless SAS - Q2 21 New Data Formats - Q2 21 Sea Vision - Q2 21 Multi-Spectral SAS - 2022 -Will receive Dive LD AUV in Q2 21 -Thunder fish sea trials second half 2021
Video links worth watching:
(1) The Future of Military-Grade Underwater Robotics - Kraken Robotics - YouTube
February 2021 technology review
*Edited to replace disappearing content and images
the ceo seems to be selling off shares every 6 months.. (source: simply wallstreet)
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