Late on this one. But it’s worth the recap.
$KRKNF reported full year results yday:
→ Revenue: CAD $102M, up 12% YoY
→ Gross Profit: CAD $63M, up 42% YoY
→ Adjusted EBITDA: $25M, up 21% YoY
→ Cash: $120.5M, up from $58.5M
→ Working Capital: $171M, up from $94M
→ SeaPower batteries: +30% growth
→ Subsea services: +60% growth
→ SAS products: +60% growth
Q4 came in soft. CEO said so directly.
But the full year tells a different story.
A company doubling its cash position, scaling three product lines simultaneously, and investing $30M in new manufacturing capacity isn’t retreating.
It’s building.
2026 revenue guidance: CAD ~$127M
Capex moderating. Margins expanding.
The market is STILL sleeping on
