Announced it has filed its financial results for the year ended December 31, 2022. Revenue for the year, was a record $40.9 million compared to $25.6 million in the prior year. The 60% year-over-year growth was driven by the delivery of KATFISH™ mine-hunting systems, AquaPix® synthetic aperture sonar, and SeaPower™ batteries as well as a full year of service revenue from PanGeo Subsea which was acquired in July 2021. Adjusted EBITDA for the year was $5.3 million resulting in a 13% Adjusted EBITDA Margin, compared to an Adjusted EBITDA of $2.1 million in the prior year and an 8% Adjusted EBITDA Margin. Net loss for the year totaled $4.2 million compared to a net loss of $3.5 million in the prior year. Kraken Robotics Inc. shares V.PNG are trading unchanged at $0.55.
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