Kraken Robotics (CVE:PNG) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$22.8m (up 67% from 2Q 2023).

• Net income: CA$2.61m (up 31% from 2Q 2023).

• Profit margin: 12% (down from 15% in 2Q 2023). The decrease in margin was driven by higher expenses.

• EPS: CA$0.01 (in line with 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kraken Robotics Earnings Insights

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Electronic industry in Canada.

Performance of the Canadian Electronic industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Kraken Robotics (including 1 which shouldn't be ignored).

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