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Price · 1Y
$4.31
Thesis
Kraken Robotics is a pure-play subsea robotics franchise built around synthetic aperture sonar (KATFISH), pressure-tolerant batteries, and AUV survey services. Customers include the US, UK, and Canadian navies alongside defense primes, with growing pull from NATO seabed-warfare programs.
The company is primary-listed on the TSX Venture Exchange as PNG; KRKNF is its US OTC line. Liquidity and sell-side coverage are thinner than US-domiciled peers, and the business remains small relative to the opportunity set.
Catalysts
- KATFISH integrations on allied USV programs
- Subsea battery orders from AUV and seabed-warfare customers
- NATO seabed-infrastructure protection spending
- Synthetic aperture sonar adoption in offshore energy surveys