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Kraken Robotics Presenting at the Planet MicroCap Showcase: VANCOUVER 2023

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Kraken Robotics CEO to present at Planet MicroCap Showcase: VANCOUVER 2023, reiterates 2023 revenue guidance range of $66M to $78M (up 76% YoY at midpoint) and Adjusted EBITDA between $12M to $17M. Announced almost $40M of contracts in 2023. Existing defense programs progressing well. Strong macro demand environment.
Positive
  • CEO to present at showcase, indicating positive investor interest
  • Reiterated revenue guidance range of $66M to $78M (up 76% YoY at midpoint) and Adjusted EBITDA between $12M to $17M
  • Announced almost $40M of contracts in 2023
  • Existing defense programs progressing well
  • Strong macro demand environment
Negative
  • None.

ST. JOHN'S, NL / ACCESSWIRE / September 5, 2023 / Kraken Robotics Inc. ("Kraken" or the "Company") (TSX-V:PNG)(OTCQB:KRKNF) announces that CEO Greg Reid will present at the Planet MicroCap Showcase: VANCOUVER 2023 on Wednesday, September 6, 2023 at 4:30PM PT / 7:30PM ET. Mr. Reid will host one-on-one investor meetings during the event. Investors can register for Mr. Reid's presentation at https://www.webcaster4.com/Webcast/Page/2986/48839

"In August, we reiterated our 2023 revenue guidance range of $66 million to $78 million (up 76% year-over-year at the range midpoint), and Adjusted EBITDA between $12 million to $17 million," said Kraken Robotics CEO Greg Reid. "Thus far in 2023, we have announced almost $40 million of contracts, our existing defense programs including the $50 million Canadian Navy program are progressing well, and the macro demand environment is strong. I look forward to meeting investors and telling Kraken Robotics' story at the Planet MicroCap Showcase: VANCOUVER 2023."

To access the live presentation, please use the following information:

Planet MicroCap Showcase: VANCOUVER 2023
Date: Wednesday, September 6, 2023
Time: 4:30PM PT / 7:30PM ET
Webcast: https://www.webcaster4.com/Webcast/Page/2986/48839

If you would like to book 1x1 investor meetings with Kraken Robotics and to attend the Planet MicroCap Showcase: VANCOUVER 2023, please make sure you are registered here: https://planetmicrocapshowcase.com/signup

1x1 meetings will be scheduled and conducted in person at the conference venue: Fairmont Waterfront Vancouver (BC).

About Planet MicroCap

Planet MicroCap is a global multimedia financial news, publishing and events company focused on news dissemination, providing information, data and analytics for the MicroCap investing community. We have cultivated an active and engaged audience of folks that are interested in learning about and to stay ahead of the curve in the MicroCap space.

The Planet MicroCap Showcase: VANCOUVER 2023 website is available here: https://planetmicrocapshowcase.com/

If you would like to attend the Planet MicroCap Showcase, please register here: https://planetmicrocapshowcase.com/signup

If you can't make the live presentation, all company presentations "webcasts" will be available directly on the conference event platform on this link under the tab "Agenda": https://planetmicrocapshowcase.com/agenda

ABOUT KRAKEN ROBOTICS INC.

Kraken Robotics Inc. (TSX.V:PNG)(OTCQB:KRKNF) is a marine technology company providing complex subsea sensors, batteries, and robotic systems. Our high-resolution 3D acoustic imaging solutions and services enable clients to overcome the challenges in our oceans - safely, efficiently, and sustainably. Kraken Robotics is headquartered in Canada and has offices in North and South America and Europe. Kraken is ranked as a Top 100 marine technology company by Marine Technology Reporter.

LINKS

www.krakenrobotics.com

SOCIAL MEDIA

LinkedIn www.linkedin.com/company/krakenrobotics

Twitter www.twitter.com/krakenrobotics

Facebook www.facebook.com/krakenroboticsinc

YouTube www.youtube.com/channel/UCEMyaMQnneTeIr71HYgrT2A

Instagram www.instagram.com/krakenrobotics

Certain information in this news release constitutes forward-looking statements. When used in this news release, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "seek", "propose", "estimate", "expect", and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. In particular, this news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company's current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company's public disclosure documents. Many factors could cause the Company's actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange Inc. nor its Regulation Services Provide (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release, and the OTCQB has neither approved nor disapproved the contents of this press release.

For further information:

Stephen Griffin, Group Marketing Manager
Stephen.Griffin@krakenrobotics.com

Joe MacKay, Chief Financial Officer
(416) 303-0605
jmackay@krakenrobotics.com

Greg Reid, Chief Operating Officer
(416) 818-9822
greid@krakenrobotics.com

Sean Peasgood, Investor Relations
(647) 955-1274
sean@sophiccapital.com

News Compliments of Accesswire

SOURCE: Kraken Robotics via Planet MicroCap



View source version on accesswire.com:
https://www.accesswire.com/780471/kraken-robotics-presenting-at-the-planet-microcap-showcase-vancouver-2023

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