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Canadian marine technology company making underwater sonar, sensors and robotic systems for defense, offshore energy and marine survey customers.
Canadian marine technology company making underwater sonar, sensors and robotic systems for defense, offshore energy and marine survey customers.
Earns from selling sonar and battery systems under equipment contracts and from rental and survey work through a services arm, so sales are lumpy and tied to naval and offshore programmes. Its synthetic aperture sonar builds sharp seabed images by combining many pings, and its pressure-tolerant batteries are built for underwater vehicles.
In one line: A niche underwater defense-tech/sonar maker.
Moat: narrow (IP / patents, process know-how). Proprietary sonar and subsea battery technology and defense-qualification give an edge in a specialised niche.
Headquarters: St. John's, Canada · Founded: 2004 · Employees: 433
Size Kraken Robotics (PNG.V) is a Canada Industrials company (Aerospace & Defense) with a market value of $896M, the 259th largest of 420 Canada companies the cockpit tracks. Shares closed at C$3.38 on 6 Nov 2026.
Performance Over six months the shares fell 52.9%, against -26.1% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +12.6%); the operating margin is -1.9% (peer median 6.3%).
Valuation It trades at 27.6× forward earnings against a peer median of 38.6× (5th cheapest of 12).
Next results Next results expected around 30 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$109M | C$102M | C$91.3M | C$69.6M | C$40.9M |
| Revenue growth | — | +12% | +31% | +70% | — |
| Gross profit | C$55.8M | C$54.4M | C$39.0M | C$29.0M | C$12.3M |
| EBITDA | C$9.16M | C$17.5M | C$17.5M | C$11.6M | C$2.61M |
| Net income | -C$7.50M | C$2.86M | C$20.1M | C$5.55M | -C$4.24M |
| Free cash flow | -C$51.0M | -C$26.5M | -C$16.1M | C$345,000 | C$29,000 |
| Capital expenditure | C$37.2M | C$30.3M | C$5.15M | C$7.56M | C$5.14M |
| Total debt | C$39.7M | C$38.1M | C$19.3M | C$16.2M | C$16.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Kraken Robotics PNG.V | $896M | -53% | +21% | -2% | 27.6× | n/a |
| Teledyne Technologies TDY | $28.5B | 0% | +8% | 20% | 22.9× | 15.5% |
| Kongsberg Gruppen KOG.OL | $31.8B | +13% | -28% | 17% | 46.3× | 21.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | PNG.V | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.3% | -3.3% | 2nd lowest of 20 |
| 6-month return | -52.9% | -26.1% | 4th lowest of 20 |
| Distance from 52-week high | -68.5% | -47.5% | 3rd lowest of 20 |
| Revenue growth (TTM) | +20.6% | +12.6% | 8th highest of 21 |
| Operating margin | -1.9% | 6.3% | 10th lowest of 21 |
| Forward P/E | 27.6× | 38.6× | 5th cheapest of 12 |
| EV / EBITDA | 88.1× | 20.6× | most expensive of 9 |
| Net debt / EBITDA | -49.0× | 0.6× | 2nd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kraken Robotics PNG.V | Canada | $896M | -53% | +21% | -2% | 27.6× | n/a | n/a |
| Tonbo Imaging India TONBO.NS | India | $895M | n/a | -23% | 21% | n/a | n/a | n/a |
| Xi'an ChenXi Aviation Technology 300581.SZ | China | $906M | -13% | 0% | -78% | n/a | n/a | n/a |
| Jiangxi Xinyu Guoke Technology 300722.SZ | China | $870M | -26% | +14% | 14% | n/a | 38.8% | +12.9% |
| Nanjing LES Information Technology 688631.SS | China | $863M | -38% | -31% | -5% | 90.2× | 36.9% | -1.1% |
| Avon Technologies AVON.L | United Kingdom | $933M | +45% | +5% | 12% | 22.8× | 16.3% | +7.4% |
| York Space Systems YSS | United States | $860M | -82% | +52% | -15% | n/a | n/a | n/a |
| Streamax Technology 002970.SZ | China | $951M | -51% | +3% | 11% | 12.3× | n/a | n/a |
| DroneShield DRO.AX | Australia | $818M | -60% | +153% | -14% | n/a | n/a | n/a |
| Vincorion V1NC.DE | Germany | $982M | -5% | +18% | 12% | 24.6× | 38.0% | +47.5% |
| National Presto Industries NPK | United States | $1.02B | 0% | +21% | 9% | n/a | 8.3% | +7.4% |
| Cohort CHRT.L | United Kingdom | $774M | +9% | +13% | 11% | 18.5× | n/a | n/a |
| Wuxi Hyatech 688510.SS | China | $768M | -41% | -4% | 12% | 38.6× | 41.9% | +18.2% |
| Paras Defence & Space Technologies PARAS.NS | India | $1.06B | +43% | +42% | 23% | 85.7× | n/a | n/a |
| Guanglian Aviation Industry 300900.SZ | China | $1.07B | -51% | +1% | -10% | 57.5× | n/a | n/a |
| Electro Optic Systems EOS.AX | Australia | $1.08B | -18% | +225% | -7% | 43.9× | n/a | n/a |
| Shandong Senter Electronic 001388.SZ | China | $742M | -16% | +5% | 6% | n/a | 21.1% | +17.7% |
| Chengdu ALD Aviation Manufacturing 300696.SZ | China | $733M | -58% | -18% | -12% | 79.0× | n/a | n/a |
| Shaanxi Zhongtian Rocket Technology 003009.SZ | China | $1.10B | -26% | +42% | -6% | n/a | n/a | n/a |
| Shinmaywa Industries,Ltd 7224.T | Japan | $721M | -32% | +12% | 6% | n/a | -5.6% | +6.4% |
| Xi'An Tian He Defense Technology 300397.SZ | China | $713M | -28% | +69% | -5% | 31.7× | n/a | n/a |