Kraken Robotics (KRKNF) to Release Quarterly Earnings on Thursday

Kraken Robotics (OTCMKTS:KRKNF) is expected to post 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 announced its earnings results on Thursday, May 28th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $15.60 million for the quarter, compared to analysts’ expectations of $18.30 million. Kraken Robotics had a negative return on equity of 0.35% and a negative net margin of 0.68%. 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 Stock Up 1.2%

OTCMKTS:KRKNF opened at $4.23 on Wednesday. The company has a market cap of $1.57 billion and a PE ratio of -423.00. The company has a current ratio of 1.37, a quick ratio of 1.27 and a debt-to-equity ratio of 0.10. Kraken Robotics has a twelve month low of $2.39 and a twelve month high of $8.13. The company’s 50 day moving average is $4.49 and its two-hundred day moving average is $5.43.

Analysts Set New Price Targets

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