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Strategies & Market Trends : Dino's Bar & Grill

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From: Goose94	1/23/2019 7:36:53 PM
	Read Replies (2) of 203596

Kraken Robotics (PNG-V) top pick from Peter Imhof on BNN.ca Market Call Wednesday Jan 23rd @ 1200ET Kraken is a leader in Maritime Robotics. Kraken’s core product is its Synthetic Aperture Sonar technology. It produces 15 times better resolution and covers 10 times the area than a traditional side-scan sonar (SSS). The company is still at its infancy, but has been showing rapid growth in revenues. Revenues were $1.8 million in 2015, $2.2 million in 2016, $3.5 million in 2017. 2018 estimates are for $7 million, while in 2019 they’re between $13 and $15 million in revenues. The company has numerous opportunities for large contract wins that we should get clarity on over the next year. If the company wins any of these, it would dwarf current revenues.

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