spec machine
2 months ago
First off, it’s only chatter/rumors/musing ….
But, does anyone think Anduril is a potential M&A entity??
Throwing out a hypothetical- Andril purchase/merge tiny Kraken (with all of its golden tentacles, SAS, power, RAAS ….)
To throw some color on that wild possibility-
What if Anduril acquired Kraken at a valuation about double where she’s at right now
Then make that payment to current Kraken shareholders as. 50/50 cash/stock tender offer
They would acquire the existing ticker KRKNF (if they want it, currently I don’t think Anduril shares are listed anywhere)
Kraken already has shareholder approval for the split so the shares could end up anywhere they need to put it for the transaction
So shareholders would get a cash divi at the current market valuation of their KRKNF position AND an equivalent dollar value of “new shares” of XYZ at a valuation appropriate for the ending combined entity
They have many times the financial mass to make that happen
Just an example of a hypothetical
So, does anyone else think that there is a possibility of some type of big $$ transaction featuring Anduril (with their HUGE new military contracts) at least for the battery/subsea power division ????
I never want to get so old and grumpy that I can’t hope and dream of the most perfect future
Cheers
spec
joelawyer
4 months ago
PenderFund Capital Management increases their stake in Kraken to 23.5 million shares. Here is some comment by David Barr, CFA from PenderFund:
Kraken Robotics Inc (TSXV: PNG) was another key contributor. This is a relatively new addition to the portfolio after we first initiated a position late last year. They are a marine technology company that offers subsea sensors, batteries, remotely operated vehicles and robotics services for defense and commercial applications. We believe Kraken has a strong product-market fit as one of the few mission-critical component suppliers in the marine defense technology market. We expect this market will see significant industry-wide demand over the coming years as NATO navies are increasingly adopting for autonomous defense technologies, given the productivity benefits and lower operating costs. The company provided an update in February such that they think they can achieve at least +30% Y/Y revenue growth in 2024, growing revenue off an expected +68% in 2023 [4]. With adjusted EBITDA margins that could expand into the 20% range, we believe Kraken is on a path to sustaining positive FCF generation as the firm scales.
CashCowMoo
5 months ago
Nice PR out today: Kraken Robotics Receives $3.7 Million of Orders for Subsea Security Equipment
ST. JOHN’S, NEWFOUNDLAND, 8 May 2024 /GLOBE NEWSWIRE/ — Kraken Robotics Inc. (“Kraken” or the “Company”) (TSX-V: PNG, OTCQB: KRKNF) announces that it has received an order for spares and sustainment of its KATFISH™ Mine Counter Measures (“MCM”) solution totalling $2.2 million. In addition, the Company received orders for AquaPix® synthetic aperture sonars (SAS) totalling $1.5 million. These systems will be integrated to Autonomous Underwater Vehicles (AUVs) from new navy customers for use in minehunting and subsea infrastructure security applications. Customer details cannot be disclosed. Deliveries will occur in 2024.
ABOUT KRAKEN ROBOTICS INC.
Kraken Robotics Inc. (TSX.V: PNG) (OTCQB: KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans – safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.
https://krakenrobotics.com/kraken-robotics-receives-3-7-million-of-orders-for-subsea-security-equipment/
spec machine
6 months ago
Couldn’t be more pleased with the CRADA renewal
Continued cutting edge R&D in the military applications of their subsea tech products and services
All indications are that they have successfully captured significant market share in several distinct segments of SAS, subsea power, and sub-bottom profiling
Keeping in mind the cost hurdle to demo the whole line, complete mil-spec testing and certification, bid contracts, produce and deliver initial rounds to various customers
Now they’re demonstrating success in capturing repeat orders and services
You lnow they’re running balls to the wall to grow to meet the surging market demand, especially within the military sector
This will be a billion dollar company pretty quickly if the products are anywhere near what they appear to be
Still under the radar
Where will Kraken be in 5 years?
spec