Why smart money is quietly loading up on Kraken Robotics ($KRKNF), the only pure-play subsea drone company in the Western defense ecosystem.
Kraken just tripled its revenue base by acquiring Covelya Group for C$615M, a UK underwater technology firm that brings in roughly C$262M in annual revenue. That deal also deepened their relationship with Anduril, which is building out a full subsea drone division using Kraken’s sensor technology for programs like the Ghost Shark and Dive-LD.
Despite a 24% EBITDA margin and a near-monopoly position in subsea autonomy, the stock trades at just 9.5x pro forma EV/Sales. That is below unprofitable peers like RCAT (20x), ONDS (35x), and UMAC (32x), and only slightly above profitable primes like Kratos Defense (AVAV).
The added layer here is geopolitical. Kraken works with multiple Western navies that are ramping defense budgets independently of U.S. policy, giving it exposure across the entire NATO alliance rather than a single customer.
Near-term catalysts include the Covelya deal closing, a potential TSX uplisting, and the Q1 earnings release. Bank price targets point to nearly 2x upside from current levels.
#KrakenRobotics #DefenseStocks #UnderwaterDrones
Kraken just tripled its revenue base by acquiring Covelya Group for C$615M, a UK underwater technology firm that brings in roughly C$262M in annual revenue. That deal also deepened their relationship with Anduril, which is building out a full subsea drone division using Kraken’s sensor technology for programs like the Ghost Shark and Dive-LD.
Despite a 24% EBITDA margin and a near-monopoly position in subsea autonomy, the stock trades at just 9.5x pro forma EV/Sales. That is below unprofitable peers like RCAT (20x), ONDS (35x), and UMAC (32x), and only slightly above profitable primes like Kratos Defense (AVAV).
The added layer here is geopolitical. Kraken works with multiple Western navies that are ramping defense budgets independently of U.S. policy, giving it exposure across the entire NATO alliance rather than a single customer.
Near-term catalysts include the Covelya deal closing, a potential TSX uplisting, and the Q1 earnings release. Bank price targets point to nearly 2x upside from current levels.
#KrakenRobotics #DefenseStocks #UnderwaterDrones
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Is the world actually running out of water, or is it a distribution and control tactic? On a planet that is 71% ocean, the math doesn't add up. From designed "Day Zero" narratives to artificial infrastructure neglect, the crisis is political, not environmental. The water isn't running out. Our freedom is.
Full breakdown at sigillumalexio.com.
#WaterCrisis #ControlTactics #drought #ScarcityMirage #sigillumalexio
Full breakdown at sigillumalexio.com.
#WaterCrisis #ControlTactics #drought #ScarcityMirage #sigillumalexio
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STARVING SEASON
A flock of decapitated chickens scattered behind the Prospect Park Zoo. A rotting carcass of an unknown animal festering in standing water near the Picnic House. A dead cat, burned and covered in a mysterious purple liquid. Dead dogs in cardboard boxes.
Visitors to Brooklyn’s Prospect Park are reporting dead animals in increasing numbers, according to parks department records obtained via a freedom of information request.
A Gothamist review of the data shows that Prospect parkgoers are on pace this year to exceed the post-pandemic record set in 2025 of 30 reports of dead animals in the greenspace.
The NYPD said it had no investigations on file regarding some of the most gruesome reports.
A flock of decapitated chickens scattered behind the Prospect Park Zoo. A rotting carcass of an unknown animal festering in standing water near the Picnic House. A dead cat, burned and covered in a mysterious purple liquid. Dead dogs in cardboard boxes.
Visitors to Brooklyn’s Prospect Park are reporting dead animals in increasing numbers, according to parks department records obtained via a freedom of information request.
A Gothamist review of the data shows that Prospect parkgoers are on pace this year to exceed the post-pandemic record set in 2025 of 30 reports of dead animals in the greenspace.
The NYPD said it had no investigations on file regarding some of the most gruesome reports.
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Forwarded from Roosevelt Terriers
Tenth local prosecutor joins with sheriff, declares Virginia’s semiauto ban unconstitutional
https://www.msn.com/en-us/news/opinion/tenth-local-prosecutor-joins-with-sheriff-declares-virginia-s-semiauto-ban-unconstitutional/ar-AA24z5Kx
https://www.msn.com/en-us/news/opinion/tenth-local-prosecutor-joins-with-sheriff-declares-virginia-s-semiauto-ban-unconstitutional/ar-AA24z5Kx
MSN
Tenth local prosecutor joins with sheriff, declares Virginia’s semiauto ban unconstitutional
Yet another Virginia prosecutor announced Friday he would not enforce a ban on modern semiautomatic firearms, bringing the total to ten since the enactment of a law supported by anti-Second Amendment agitators. Democratic Virginia Gov. Abigail Spanberger…
Forwarded from Roosevelt Terriers
Clarke County joins growing refusal to enforce gun ban
https://www.msn.com/en-us/news/crime/clarke-county-joins-growing-refusal-to-enforce-gun-ban/ss-AA24Aac7
https://www.msn.com/en-us/news/crime/clarke-county-joins-growing-refusal-to-enforce-gun-ban/ss-AA24Aac7
MSN
Clarke County joins growing refusal to enforce gun ban
Tenth county defies: Clarke County officials say they will not enforce Virginia’s new assault weapons ban against nonviolent offenders, citing constitutional issues and pending litigation. State-local standoff: Democratic leaders, including the attorney general…