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Kiran Menachery on This company is 10 years ahead of the competition
Kiran Menachery
This company is 10 years ahead of the competition
Claims and stances
0:00
Kiran Menachery strongly supports: Kraken Robotics is a high-growth, profitable company with a significant competitive advantage in underwater defense technology due to its superior battery energy density and sonar capabilities.
0:54
Kiran Menachery strongly supports: Kraken Robotics is strategically positioned to capture a significant share of the massive US government spending on underwater defense and submarine technology.
Transcript
0:00
There's a $4 stock on the Toronto Stock Exchange that is currently dominating the underwater market for defense.
0:07
Kraken Robotics, their tickers KR, KNF is a hidden gem in the defense tech sector.
0:12
I think what makes them special is their bats nuclear batteries with 200% better energy density for underwater vehicles and their sonar equipment that can create HD images of two centimeter objects from over 200 meters away on the ocean floor.
0:26
The numbers are great.
0:27
Revenue grew from $12 to $91 million in just four years with a 65% annual growth rate.
0:34
They're finally profitable with 20% net margins, which is impressive for a company this young with this high tech of a product.
0:42
The best part, they're building a 60,000 square foot battery factory right next to Androll's Rhode Island facility.
0:48
Each underwater vehicle that Andrew creates has at least two to ten million dollars worth of Kraken content.
0:54
With the US spending $214 billion into under into submarines and underwater defense, I think Kraken is positioned perfectly to benefit from this new tech boom.