@Dadwithadream🍁🇨🇦🍁

Father of one | Sharing my journey to financial freedom | Wins, struggles, and lessons learned along the way | Living in the beautiful land of #Canada

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@optionscjp @Sergeant991 Or $NOK 😝

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@NelsonXLee @Wealthsimple @bretthuneycutt How about a trailing stop loss while we're at it?

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@SnarffleSn78270 @CKCapitalxx $NOK??

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@KobeissiLetter

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

I'm 40. I have 18.4% of my FIRE number.

My 9-year-old just won a national math medal.

Some days I feel behind. Most days I feel like I'm exactly where I'm supposed to be.

The math works out - for both of us.

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@CKCapitalxx @Gubloinvestor This keeps getting messier…

[Jacobsen @hiro_invst]

$KRKNF / $PNG.NE / Kraken Robotics. Alright, let me walk you through why the next few months are so big for this one. Prices here are in USD.

First, the near-term catalyst, Covelya. Kraken’s buying the Sonardyne group for $615M, mostly cash, and it should close around the end of Q2. So we’re basically there. Why do I care so much? Because the day it closes, management drops a brand new combined guide, and suddenly the standalone numbers everyone’s pricing off of are old news. Covelya alone has already booked $165M in 2026 orders, the combined pipeline’s north of $260M, and combined 2025 revenue was already around $365M at a 24% EBITDA margin. The company that prints that guide in a few weeks is going to look like a totally different animal than the one in your screener today.

Now here’s the part that gets me excited. Anduril. People really sleep on this. Kraken isn’t some vendor bolting a part on at the last second. Its batteries and sonar are designed straight into Anduril’s undersea fleet, the Dive-LD, the Ghost Shark, the Copperhead. That’s the moat right there. Every undersea drone Anduril cranks out, Kraken ships more by default.

And Anduril is cranking. Australia already signed a five-year program worth A$1.7B, about US$1.1B, for Ghost Shark, first unit’s delivered and dozens more coming. Now I’ll be straight with you, because I’d rather you have the real version. There are Street estimates that Kraken could eventually pull $200M to $400M CAD a year off the Anduril relationship at full tilt, but those are analyst and forum numbers, not something Kraken has confirmed itself. Treat the per-vehicle math as a scenario, not a fact. Even with that caveat, the direction is obvious.

Then there’s the macro, and honestly this is the wind at its back. Undersea warfare just turned into a real budget line. The FY2026 Pentagon plan broke out $13.4B just for autonomy, with $734M earmarked specifically for underwater, and funding for large unmanned undersea vehicles jumped to around $185M from basically nothing two years ago. The Navy’s putting over a billion into the Orca program over the next few years. Stack on cut seabed cables, China in the Pacific, NATO getting serious about the ocean floor, and you’ve got structural demand, not a one-off. Kraken even ran its gear in a six-nation NATO exercise lately, which is exactly how you sneak into the next round of allied buys.

So where can it go? Short term, analysts are already climbing. Scotiabank’s bullish at a level that pencils out to about $6.60, the average target’s near $8, roughly 45% above the $5.45 it’s sitting at, and the most bullish target is up near $15. But the bigger picture is what happens if Covelya closes clean, the Anduril orders start showing up, and the defense money keeps landing. In that world this is a scaled subsea platform compounding 20% plus, and low-to-mid teens stops being a dream and becomes the base case, with $15 genuinely on the table once the market slaps a real defense multiple on the whole thing.

The sequence to watch is simple. Covelya closes and the combined guide drops, the Anduril orders convert, the government dollars keep flowing. That’s the path.

NFA, do your own work.

[Johhnywalker @johhnyWalkerAZ]

Now trading on Robinhood

$KRKNF (Kraken Robotics / PNG.V) is about to get a whole lot bigger — like, 3–4x bigger in revenue scale — once the Covelya Group acquisition (“coyvela” in your note) closes and its revenue/profits start flowing straight into the consolidated bottom line.
Here’s the straightforward breakdown (all figures in USD unless noted; deal announced March 2026, on track to close by end of Q2 2026, so we’re talking imminent impact):
Current Standalone Size (Pre-Covelya)
• 2025 revenue: ~$102 million
• Adjusted EBITDA: ~$25 million
• 2026 guidance (standalone): $165–175 million revenue and $40–50 million EBITDA
• Current market cap: ~$1.67–1.68 billion (at ~$5.46 share price as of late May close)
Kraken is already growing fast in subsea batteries, sonar, and underwater robotics — with strong defense and commercial demand.
What Covelya Brings (The Transformative Part)
Covelya Group (UK-based, includes Sonardyne International, EIVA, Voyis Imaging, and others) is a high-growth, profitable underwater tech powerhouse:
• 2025 revenue: ~$250–275 million (with 24%+ CAGR in recent years)
• Strong EBITDA margins (~24% range) → adding tens of millions in profit immediately
Pro forma combined (Kraken + Covelya) for 2025: ~$365 million in revenue, with materially higher EBITDA and margins than Kraken alone. That’s roughly tripling the top line overnight once the deal closes and financials consolidate.
Bottom-Line Impact (“Revenue Bleeding In”)
• Covelya is already profitable and growing — no heavy ramp-up or losses to absorb.
• Once closed (expected very soon), you’ll see the full combined revenue and EBITDA hit the P&L in Kraken’s subsequent quarters and full-year 2026 reports.
• Management has said they’ll issue updated 2026 guidance for the combined business post-close. Expect a big step-up from the current $165–175M standalone target.
• Synergies in product portfolio, global reach, defense contracts, and manufacturing should drive even faster growth and margin expansion longer-term.
In short: Kraken goes from a ~$100M revenue story to a ~$365M+ (and growing) subsea tech leader almost instantly. That’s the kind of scale jump that can re-rate the valuation multiple dramatically.
Valuation Perspective (Why This Matters for the Stock)
• Right now, the market is pricing KRKNF at ~20x+ sales on the old standalone revenue.
• Post-deal, on a combined ~$365M revenue base (with solid profitability), the same market cap implies a much more reasonable 4–5x sales multiple — and analysts see room for the stock to re-rate higher as the market digests the bigger, more diversified business (comparable to larger peers in marine/defense tech).
• Net effect: Same (or similar) valuation today = “much bigger business” tomorrow. Accretive deal funded partly by equity, but the size and quality of Covelya more than offset dilution for long-term holders.
This is exactly why the thesis has been so strong: organic growth + this transformational M&A in a hot subsea/defense market. Risks remain (integration, execution, macro), but the revenue and profit step-change is now very close.
Once the deal closes and numbers start hitting the financials, expect the story to shift from “promising growth name” to “established scale player.” I’ll keep you posted on the exact close date and updated guidance.
DYOR — this isn’t financial advice, just laying out the math on the size transformation

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@optionscjp using it for identifying portfolio consolidation opportunities…

[Ehrmantraut Capital @EhrmantrautCap_]

Kraken Robotics $KRKNF / $PNG.V supplies critical parts to Anduril's Dive-LD UUVs. If you want the best UUVs, you cannot go around Kraken Robotics.

Kraken Robotics' OTC ticker $KRKNF is now trading on the Robinhood $HOOD platform as of recently, by the way.

[PhotonBull @PhotonBull]

Got enough $KRKNF $PNG.V?

Australia and Anduril have already partnered to develop the Ghost Shark, which carries around $10M of Kraken Robotics components per sub (Pre Covelya, probably more now)

And Kraken is now available on Robinhood

It feels like everything is finally aligned for Kraken Robotics

I am expecting the stock performance to pick up again over the next period as the acquisition closes and defense comes back into the rotation

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@h4ruk7 Hi 👋

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@Gubloinvestor Still holding on to $SIVEF, $SKYX, $CRML and few $NOK 17C.

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@Gubloinvestor MI 😝

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@Gubloinvestor Critical metals - $CRML 😝

[Michael Sikand @michaelsikand]

Kraken Robotics ($KRKNF / $PNG.V) just dropped its Q1 earnings report.

This is the subsea drone stock supplying Anduril's maritime products division, that launched out of obscurity into a retail cult following from a junior stock exchange in Canada.

These numbers are just for Kraken Robotics. Not the other profitable underwater intelligence pioneer Covelya they're about to close their acq. of for 2.3x sales.

Revenue: C$21.7M, +35% YoY.

Standalone Kraken business is scaling fast with 50% growth in their product revenue. This is the meat and potatoes of the growth story - with each battery that powers an autonomous submarine drone costs many millions of dollars. 60% revenue growth guided for 2026.

Adjusted EBITDA was positive at C$3.0M, up 7%. The C$3.3M net loss is almost entirely C$2.8M of one-time restructuring and acquisition costs for the Covelya purchase. Strip those out and Kraken posted positive adjusted net income.

Gross margin came in at 56% vs 63%, with the dip from mix. The number swings quarter to quarter on the product and service blend. Services are higher margin and were lighter this quarter (underwater imaging for defense and energy clients), but I care more about product revenue for the bull case with orders over $97M so far this year, more than $KRKNF's entire 2026 revenue.

The order book after all the Strait of Hormuz mine countermeasures narrative is where conviction builds. Kraken product orders in 2026: ~C$97M, up from C$87M last month. Covelya orders in 2026: ~C$165M, up from C$135M last month.

What happened in Iran is generating record breaking demand for $KRKNF's near monopoly position in many of these products.

Guidance reiterated for standalone.

Revenue C$165M to C$175M. Adjusted EBITDA C$40M to C$50M. At the midpoint that is 65%+ revenue growth and 80% EBITDA growth, with implied EBITDA margin above 26%. What other drone adjacent stock is putting up EBITDA margins like this?

Another interesting note?

Asia Pacific revenue more than doubled to C$12.2M, +126% YoY and is now over half of total revenue. That is where the subsea demand signal is loudest.

China sits on an estimated 50,000 to 100,000 naval mines, and a Taiwan contingency is the scenario driving mine countermeasures and seabed-warfare spend across the US, Japan, South Korea and Australia.

The setup is clean.

Covelya closes end of Q2. Next earnings we'll have both on the books and the monster will be clear. Combined guidance follows.

The catalysts: TSX uplisting, Covelya closing, Q2 earnings call in the summer, a U.S. facility, an Anduril US navy deal?

LONG $KRKNF $PNG

[@Dadwithadream🍁🇨🇦🍁 @dadwithadream]

@Gubloinvestor Pretty much everything except $SKYX… 😆 Just kidding, I’m confident this one will pay off soon!