Kraken Robotics Full Year 2023 Earnings: In Line With Expectations

Kraken Robotics (CVE:PNG) Full Year 2023 Results

Key Financial Results

• Revenue: CA$69.6m (up 70% from FY 2022).

• Net income: CA$5.55m (up from CA$4.24m loss in FY 2022).

• Profit margin: 8.0% (up from net loss in FY 2022).

• EPS: CA$0.03 (up from CA$0.021 loss in FY 2022).

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 16% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Electronic industry in Canada.

Performance of the Canadian Electronic industry.

The company’s shares are down 9.4% from a week ago.

Risk Analysis

Before we wrap up, we’ve discovered 1 warning sign for Kraken Robotics that you should be aware of.

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