After doubling its revenue last year, marine technology company Kraken Robotics is expecting to deliver a repeat performance in 2019.
Despite posting a loss of just under $3 million in 2018–the latest in a series of annual deficits—Kraken’s share price has more than tripled since May 2018.
The St. John’s-based company, which trades on the TSX Venture exchange, manufactures sonar equipment and unmanned submarines.
“For 2019, we are anticipating revenue of greater than $15 million, more than doubling 2018 revenue,” said CEO Karl Kenny in a press release.
Kenny added that the $15 million