Kraken Robotics is not yet a buy despite falling almost 60% from its high. It should first report combined results with Covelya that preserve a credible growth and margin path, and the stock should form a base; the defence factor remains deeply out of favor. @DeepSailCapital argues it is near a bottom, expecting CAD 0.20 of 2028 EPS, mid-20s to 30s revenue growth and product ramps with Anduril. x.com  x.com 

Kraken Robotics looks expensive at 11x sales, or 2x next year's, when the industry usually gets 1x. At 1x next year's sales, give or take 12%, fair value is about $1.86-$2.37, leaving the $2.91 US-listed price 23% above the high end. The estimate leans on forecast sales 128% above trailing. This is a valuation-level read only, not fundamental work. x.com 

Covelya could substantially lift Kraken Robotics' revenue, with projected combined gross margins of 60%. The attached slide shows $305M in estimated 2026 revenue versus $102M in 2025. That makes the stock very compelling under $3, around a $1B market cap, and a potential long-term winner, though stronger revenue growth must be demonstrated to jumpstart it; this call could be wrong. x.com 

Kraken Robotics is stuck in a trap as its key catalyst, the Anduril subsea ramp, is delayed by at least a year. That ramp likely needs a US battery facility and a Navy order to confirm, and the defense budget showed no large FY27 subsea-drone order. The market has also turned on drone and defense stocks after they ran ahead of a multi-year buildout, and without an uplisting from its junior exchange institutional ownership and volume stay thin. Second-half earnings may bring some support. x.com 

Kraken Robotics and Ondas Holdings face weak demand prospects: it is hard to see how many battery-powered submarines Taiwan or Europe will actually order. x.com 

Kraken Robotics is evolving from a small sonar supplier into a global subsea defense platform and should do well heading into Anduril's eventual IPO. Catalysts over the next 6-12 months include closing the $615M Covelya acquisition with updated guidance, Anduril's July Navy CAMP Dive-XL demonstration, possible NATO subsea spending pledges, new battery capacity and contracts in H2 2026, and EU cable-security funding in Q4. Integration, dilution, debt and back-half revenue are the risks. x.com 

Kraken Robotics' order book is already running above full-year guidance, and new XL-UUV battery deals keep locking it in as a power supplier. Combined 2026 orders with Covelya total about $355 million against $290-$320 million guidance, and a new long-term supply agreement with a major conglomerate repeats the Anduril pattern. Q2 revenue rose 9% excluding a $1.5 million reversal, gross margin widened to 59%, and management expects Q3, the first combined quarter, to be a significant step change. … Show more

Kraken Robotics' organic results are strong, and adding Covelya should make the picture even better. Per Kraken Robotics, Q1 2026 revenue grew 35% year over year and 2026 guidance was reiterated. x.com 

Kraken Robotics is the subsystem prime for underwater drones, putting $3-5 million of content per hull in reach as Anduril and navies scale uncrewed fleets. Its offering spans batteries, sonar and navigation via Covelya/Sonardyne. Funds that bought near CAD $2 two years ago have spent four months clearing their positions, and that selling is mostly past. x.com  x.com  x.com 

Kraken Robotics has had a de-risking event, which @babyfolio calls huge for the company. x.com