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Kraken Robotics’ C$615 million Covelya acquisition lifts its 2026 revenue outlook to a C$305 million midpoint, but lower implied margins, shareholder dilution and a 28% share-price discount to the financing price keep investor focus on integration and earnings conversion. Representative image.

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Kraken Robotics nearly tripled its revenue target, but one margin number changes the story

Kraken Robotics Inc. (TSXV: PNG) added C$135 million to its 2026 revenue-guidance midpoint after including Covelya, while acquisition financing increased its share base and lowered the implied adjusted EBITDA margin.

August 9, 2026

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