Kraken Robotics

Kraken Robotics reported Q2 2026 revenue of CAD 27.32 million and EPS of $0.00, slightly below analyst estimates. The company is integrating the acquired Covelya Group, which caused a revenue reversal of CAD 1.5 million; management expects no further reversals. Gross margin remained stable at 59%, adjusted EBITDA rose to CAD 5 million, and liquidity stood at just over CAD 91 million. Kraken confirmed its 2026 guidance (revenue CAD 209–320 million, adjusted EBITDA CAD 65–75 million) and sees growth opportunities from Covelya, while execution of KATFISH contracts was named a key risk. » More on de.investing.com

After Binance’s exit from Europe, the US crypto exchange Kraken is running its largest overseas advertising campaign to date and has appointed Lukas Podolski as brand ambassador to attract thousands of retail investors. The goal is to double revenue within a year and position itself for a potential IPO. For the expansion, Kraken currently employs only a single staff member in Germany, casting doubt on the ambitions from a personnel perspective. » More on manager-magazin.de

Kraken Robotics has completed the acquisition of the Covelya Group for about CAD 615 million, integrating Sonardyne, EIVA, Forcys, Voyis and Chelsea Technologies. The company updates its 2026 guidance to consolidated revenues of CAD 290–320 million and adjusted EBITDA of CAD 65–75 million, expects cost synergies of around CAD 10 million within 24 months and forecasts a low- to mid‑double‑digit percentage increase in EPS for 2027. To finance the deal, a new CAD 125 million credit facility was fully drawn, the leadership team has been expanded and a listing on the TSX is being pursued. » More on finanzen.net