News & Updates
The latest news and updates from companies in the WLTH portfolio.
Friday newspaper round-up: Nigel Farage, diesel prices, Kraken Technology
Chancellor Rachel Reeves is to announce a new City "skills compact" that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves's final Mansion House speech to City bosses before Andy Burnham's expected takeover of No 10. The government-backed initiative will commit employers to improving workers' skills and helping them "keep pace" with significant technological changes that have prompted fears of mass redundancies. - Guardian Police are investigating donations worth £500,000 made to Reform UK by the mother of a convicted fraudster and ally of Nigel Farage. The investigation concerns two donations of £250,000 made by Fiona Cottrell, whose son George has often accompanied Farage to Reform events and media appearances. The May 2024 donations are under investigation over whether they were intended to conceal a donation by an impermissible donor. - Guardian Drivers are braced for higher diesel prices after Russia triggered a global supply crunch by halting exports. The wholesale price of diesel jumped by almost 14pc in the wake of the Kremlin's announcement on Wednesday, which threatens to drive up costs at the pump. Diesel prices in the UK are already up by 8p since the start of the month, pushing the average cost of a litre to 164.8p. - Telegraph The City regulator says it has slashed the time it takes to handle some cases from hours to a matter of minutes after bringing in artificial intelligence technology. The Financial Conduct Authority is turning to AI to boost the efficiency of its staff, like many of the tens of thousands of financial services businesses that it oversees. - The Times A British defence start-up whose uncrewed vessels support military and defence operations has secured unicorn status after raising $175 million from investors including the British Business Bank. Kraken Technology, based in Fareham, Hampshire, has been valued at $1 billion in an investment round led by Digital Transformation Capital Partners, a German investor, which also included backing from the Nato Innovation Fund and Rheinmetall, the German defence group. - The Times
Friday newspaper round-up: Nigel Farage, diesel prices, Kraken Technology
(Sharecast News) - Chancellor Rachel Reeves is to announce a new City "skills compact" that will commit firms such as Barclays and Lloyds to retraining thousands of financial sector workers for the AI revolution. The financial services skills compact will be launched on Tuesday, during what is likely to be Reeves's final Mansion House speech to City bosses before Andy Burnham's expected takeover of No 10. The government-backed initiative will commit employers to improving workers' skills and helping them "keep pace" with significant technological changes that have prompted fears of mass redundancies. - Guardian Police are investigating donations worth £500,000 made to Reform UK by the mother of a convicted fraudster and ally of Nigel Farage. The investigation concerns two donations of £250,000 made by Fiona Cottrell, whose son George has often accompanied Farage to Reform events and media appearances. The May 2024 donations are under investigation over whether they were intended to conceal a donation by an impermissible donor. - Guardian Drivers are braced for higher diesel prices after Russia triggered a global supply crunch by halting exports. The wholesale price of diesel jumped by almost 14pc in the wake of the Kremlin's announcement on Wednesday, which threatens to drive up costs at the pump. Diesel prices in the UK are already up by 8p since the start of the month, pushing the average cost of a litre to 164.8p. - Telegraph The City regulator says it has slashed the time it takes to handle some cases from hours to a matter of minutes after bringing in artificial intelligence technology. The Financial Conduct Authority is turning to AI to boost the efficiency of its staff, like many of the tens of thousands of financial services businesses that it oversees. - The Times A British defence start-up whose uncrewed vessels support military and defence operations has secured unicorn status after raising $175 million from investors including the British Business Bank. Kraken Technology, based in Fareham, Hampshire, has been valued at $1 billion in an investment round led by Digital Transformation Capital Partners, a German investor, which also included backing from the Nato Innovation Fund and Rheinmetall, the German defence group. - The Times
Autonomous ship startup Kraken raises $175M at $1B valuation
Kraken Technology Group Ltd., a British defense startup that makes autonomous ships, has raised $175 million in funding. Private equity firm DTCP led the Series B deal. It was joined by the UK government's British Business Bank, the NATO Innovation Fund and more than a half dozen others. Kraken disclosed in its announcement of the round today that its valuation has increased to $1 billion. Kraken's most advanced vessel is a 36-feet-long ship called the K5 Kraken that operates without a crew. It has a top speed of 50 knots, which corresponds to about 57 miles per second. Kraken says that it can stay at sea for up to a month at a time and cover 1,000 nautical miles. Customers can pilot the K5 remotely or entrust navigation to an onboard autonomy system. The system makes steering decisions based on data collected by radar and sonar sensors built into the K5. Sonar technology, which uses soundwaves to map out the environment, enables ships to track underwater objects. Operators can extend the K5's capabilities by adding custom modules. For example, a customer looking to enhance the vessel's sensing capabilities could add a towed sonar array. That's a submerged cable equipped with sensors optimized to detect underwater activity. Kraken offers the K5 alongside two smaller ships that are designed for other missions. The K4 Manta is a 18-feet-long autonomous vessel that resembles a manta ray. According to Kraken, it can alternate between floating like a regular ship and diving at depths of more than 30 feet. That capability makes the vessel particularly useful for reconnaissance tasks. Like the larger K5, the K4 is customizable. It's capable of carrying up to 220 pounds of equipment per trip. Kraken says that customers can swap the ship's payload in a few minutes. Rounding out the company's product portfolio is a compact vessel called the K3 Scout that is light enough to be deployed from the air. It can cover up to 650 nautical miles per trip with a top speed of about 28 miles per hour. Kraken's funding milestone comes a few weeks after it inked a shipbuilding partnership with Anduril Industries Inc., a fellow defense technology startup. The companies plan to manufacture two autonomous ships in the US. The first is Kraken's existing K5 system while the other is an upcoming long-range vessel called the K7. The company stated today that it plans to announce more manufacturing partnerships in the near future. "This significant funding round will accelerate Kraken's global roll-out, enabling the deployment of hardened, reliable, mission-ready capabilities for NATO and its worldwide partners at an unprecedented scale in the maritime domain," said Kraken founder and Chief Executive Officer Mal Crease.
Kraken leads with $400M in spot liquidity across MiCA exchanges
DefiLlama's new compliance dashboard shows Kraken pulling ahead of Coinbase and rivals as Europe's crypto regulation fully kicks in Kraken is sitting on roughly $400 million in spot liquidity across MiCA-licensed exchanges, making it the clear frontrunner in Europe's newly regulated crypto marketplace. The exchange also holds about $207 million in perpetual liquidity, putting meaningful distance between itself and every other compliant competitor on the continent. The numbers come from DefiLlama's freshly launched MiCA compliance dashboard, which went live on July 1, 2026. That date coincides with the full enforcement of the Markets in Crypto-Assets Regulation for crypto asset service providers across the European Union. The liquidity leaderboard takes shape The exchange's $399.71 million in spot liquidity dwarfs its nearest competitor. Coinbase, the second-place finisher, reports approximately $305 million in spot liquidity and $167 million in perpetuals. That's a roughly $95 million gap in spot alone. From there, the drop-off gets steep. Crypto.com trails with around $131 million in spot liquidity. Bitstamp, one of Europe's legacy exchanges, comes in at roughly $55 million. And OKX sits near the bottom with about $12 million in spot liquidity and lower or no perpetual liquidity to speak of. Kraken's platform currently supports trading across 1,704 markets, covering both spot and perpetual products. Why MiCA changes the game The Markets in Crypto-Assets Regulation represents the EU's attempt to build a single, unified licensing framework for crypto service providers. One license, one set of rules, access to all 27 member states. Kraken moved early. The exchange secured its MiCA authorization from the Central Bank of Ireland back in June 2025, a full year before the regulation's enforcement deadline for crypto asset service providers. That head start gave Kraken time to build out its European operations, including spot, futures, and derivatives offerings, while competitors were still working through the licensing process. DefiLlama's MiCA compliance dashboard lets users compare exchanges on liquidity, compliance status, and transaction fees, all in one place. What this means for investors Coinbase, sitting in second place with $305 million in spot liquidity, remains a formidable competitor. But the $95 million gap to Kraken is significant enough to influence where large orders get routed. Smaller MiCA-licensed platforms like OKX, with just $12 million in spot liquidity, face a difficult question: can they grow fast enough to remain viable, or will they become acquisition targets for larger players looking to expand their European footprint?
How Kraken's Market Coverage Dominates MiCA-Approved Platforms -- What It Means for Investors
DefiLlama data highlights Kraken's dominance in market coverage. DefiLlama has reported that Kraken leads MiCA-regulated exchanges in liquidity, showing $399.71 million in spot liquidity and $206.90 million in perpetual liquidity. This data highlights Kraken's competitive edge in the European market, particularly under the MiCA regulations. The Latest The broader crypto market is currently experiencing mixed signals, but Kraken's performance stands out. The exchange has positioned itself as a leader in liquidity among platforms operating under the MiCA regulatory framework. The reported spot liquidity of $399.71 million and a substantial $206.90 million in perpetual liquidity underscore Kraken's ability to attract trading volume and investor interest. This strong liquidity could reinforce Kraken's reputation and operational stability within the rapidly evolving cryptocurrency landscape. At a Glance * Kraken, liquidity leader, effective_date: 2026-07-08 Token Metrics Despite the overall market's fluctuations, Kraken's liquidity figures suggest a strong demand for its services. The reported spot and perpetual liquidity levels indicate that traders are increasingly turning to Kraken for their trading needs. This trend may reflect broader confidence in the exchange's regulatory compliance and operational capabilities as the market continues to mature. Kraken has been actively adapting to regulatory changes, especially with the recent MiCA framework in Europe. The exchange's commitment to liquidity and market coverage positions it favorably among competitors, particularly in a market where regulatory compliance is becoming increasingly critical. The Road Ahead Traders should closely monitor Kraken's liquidity metrics as they could signal broader trends in market demand for regulated exchanges. Additionally, the performance of Kraken in relation to Bitcoin dominance and overall market cycles will likely influence trader sentiment moving forward. Understanding these dynamics will be essential for navigating the evolving landscape of cryptocurrency trading. This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
Polymarket Adds Spark for Instant Bitcoin Lightning Deposits | BanklessTimes
Joseph is a content writer and editor who has actively participated in crypto for over 6 years. He enjoys educating others about Web3 and covering its updates, regulatory developments, and exciting stories. Polymarket is making it much faster to move Bitcoin into prediction markets by turning on Lightning Network deposits powered by Spark. The platform now lets users fund their accounts with self-custodial BTC almost instantly, instead of waiting for on-chain confirmations. Users can now select a "Bitcoin via Lightning" option within the deposit flow, according to announcements from Spark and Polymarket. If they do, Spark creates a Lightning invoice, the user pays it from any compatible wallet, and the system credits the funds in under a second. Until this, BTC deposits had to go via regular network confirmations, which may take 10 to 60 minutes depending on fees and congestion. Spark calls its model "zero-conf" because it validates the Bitcoin transaction as soon as it is broadcast, rather than waiting for a block. Before approving a deposit, the protocol checks for double-spend risks, fee levels, and replace-by-fee signals. Then it takes the confirmation risk itself, so Polymarket may report a funded balance nearly immediately. Self-Custodial Design and Supported Wallets At the same time, Polymarket keeps the setup self-custodial, which is important to many crypto-native traders. Each user's wallet still links to their keys on the platform's side, while Spark only handles the Lightning payment route in the background. That design means users do not have to park coins on a centralized exchange just to bet on events. Spark also said the feature is compatible with a long list of popular apps that already enable Lightning withdrawals. These include, but are not limited to, Cash App, Coinbase, Kraken, Binance, OKX, Wallet of Satoshi, Tether Wallet, and Cake Wallet. So now many Bitcoin users can jump directly from their normal wallet into Polymarket with just a tiny Lightning payment. Since Polymarket already converts deposits into its pUSD collateral on Polygon, the new BTC path is primarily about speed and convenience rather than trading mechanics. Now, Bitcoin traders who like to hold Bitcoin can use it as their funding asset without worrying about large delays each time they move money. In fact, this can make it easier to react to fast-moving news as users can deposit and place trades within seconds. As Lightning continues to grow, more platforms are experimenting with instant BTC flows into DeFi and betting apps. Polymarket's move suggests that prediction markets want to tap into that liquidity while keeping users in control of their coins.
Kraken Reportedly Seeking Full EU Banking License Via Lithuania
* Kraken has reportedly applied to the Bank of Lithuania (Lithuania's central bank and financial regulator) for a full banking license. * If approved, this would make Kraken the first major crypto exchange to hold full banking status in the EU. * The license would let Kraken offer regulated banking services across the European Economic Area (EEA) -- the EU member states plus Iceland, Liechtenstein, and Norway. * Neither Kraken nor the Bank of Lithuania has confirmed the application as of this report. Kraken, the U.S.-based cryptocurrency exchange, has reportedly applied for a full banking license from the Bank of Lithuania, according to a person familiar with the matter. If confirmed and approved, the license would make Kraken the first major crypto exchange to hold full banking status in Europe, following a regulatory path previously used by fintech company Revolut to scale across the bloc. A full banking license would let Kraken offer regulated banking services across the EEA, extending beyond its existing cryptocurrency trading and custody business. Founded in 2011, Kraken is one of the world's largest cryptocurrency exchanges, offering spot trading, derivatives, custody, and institutional crypto services. Banking authorization would potentially allow Kraken to accept customer deposits, provide lending services, and offer other banking products permitted under EU regulations. Why is Kraken Seeking a Banking License in Lithuania? Lithuania offers a fast route to EU-wide market access through "passporting" -- a system that lets a financial institution licensed in one EEA country offer services across all other EEA member states without separate approvals in each one. Lithuania has positioned itself as a fintech-friendly jurisdiction within the EU to attract companies seeking this kind of access. The Bank of Lithuania granted Revolut a specialized banking license in 2018, which allowed Revolut to expand services -- including current accounts, lending, and investment products -- across the EEA via passporting. By reportedly applying to the same regulator, Kraken appears to be pursuing that same established route rather than seeking separate licenses country by country. How is Kraken Expanding Beyond Cryptocurrency Trading? The reported Lithuanian application fits into a broader pattern of regulatory expansion Kraken has pursued globally. In March 2026, Kraken Financial became the first crypto firm to gain direct access to the U.S. Federal Reserve's payment infrastructure. In May 2026, Kraken's parent company, Payward, secured authorization from the UAE's Virtual Assets Regulatory Authority (VARA). Kraken CEO Arjun Sethi has outlined a 10-year strategy focused on expanding the company's global regulatory footprint, either by acquiring already-licensed businesses or building out licensed operations market by market. Why Does a Banking License Matter Before Kraken's IPO? The timing of the reported Lithuanian banking license application comes as Kraken prepares for a possible U.S. initial public offering (IPO), making regulatory expansion a strategic priority. For public-market investors, banking capabilities and regulatory approvals often serve as signals of operational maturity and risk management. A European banking license, combined with U.S. payment system access and other international authorizations, could strengthen Kraken's positioning as it moves closer to traditional financial markets. Are Crypto Exchanges Becoming Banks? Rival exchange Coinbase received authorization in the United Kingdom to offer traditional investment products alongside its cryptocurrency services. This reflects a broader industry shift: major crypto platforms are increasingly seeking banking, payments, and investment capabilities that bring them closer to traditional financial institutions. As of this report, Kraken's reported Lithuanian banking application remains unconfirmed by both parties. Kraken has not issued a public statement, and the Bank of Lithuania has not disclosed any pending application. Why This Matters The reported Kraken banking license application, if confirmed and approved, would represent a major step in the evolution of crypto exchanges from trading platforms into regulated financial institutions operating within Europe's banking system. Check out DailyCoin's popular crypto scoops right now: SWIFT Brings Back 'Policy Lab', Fast-Tracking XRP Adoption Germany's Top Bank Quietly Expands Its Use of Ripple Tech
World's first USV airdrop accomplished by Kraken and Capewell - Naval News
Kraken Technology Group and Capewell, supported by the Royal Navy under Project Beehive, have successfully completed the world's first extracted-load airdrop of an uncrewed surface vessel (USV) from an A400M military transport aircraft. Kraken press release During a series of pioneering trials, a Project Beehive specification K3 SCOUT USV was deployed on Capewell's Universal Maritime Craft Aerial Delivery System (UMCADS) multiple times from an altitude of 1,300 feet into waters of up to Sea State 4. These demonstrations successfully proved a new force projection capability to rapidly insert high-performance uncrewed vessels into contested or difficult-to-access maritime environments. The trials combined Kraken's K3 SCOUT optional airdrop kit with Capewell's reconfigurable Type V parachute-based UMCADS platform, which can airdrop various maritime vessels directly into military zones. The trial campaign culminated with a successful validation of a pioneering new IN-Release system, a configurable electro-mechanical release mechanism which enables reliable, synchronised load disconnect across a wide range of aerial and maritime applications. These tests prove that K3 SCOUTs can be inserted directly by air and enter the water ready for operation, significantly expanding the speed, range, and flexibility with which uncrewed maritime capabilities - such as those procured for the UK's Hybrid Navy in Project Beehive - can be deployed. Mal Crease, Founder and CEO of Kraken Technology Group, said: "Working in partnership with Capewell and the Royal Navy, we have demonstrated that K3 SCOUT can be rapidly deployed directly from a military transport aircraft into contested or difficult-to-access waters ready for operation. Kraken, alongside its partners and the Royal Navy, will continue to push boundaries to deliver novel and enhanced operational capabilities with our resilient, modular platforms." Mark Lavender, Director of Business Development and Training at Capewell said: "In collaboration with Kraken we were able to validate the integration of a complex payload with our UMCADS platform while demonstrating the ease with which the system can be reconfigured for alternative mission essential equipment be they maritime or land applications. This was further validated in that we conducted 4 live airdrops in 6 working days with the same boat and platform during this campaign."
Wemade's WEMIX Lists on Kraken, Western Expansion
Kraken listing boosts WEMIX liquidity, expands Western market access, with future exchange plans Wemade announced on the 8th that it has listed its virtual asset 'WEMIX' on the global cryptocurrency exchange 'Kraken.' With this listing, Kraken users can now easily trade WEMIX in U.S. dollars, a base currency. A Wemade official said, "The Kraken listing is significant in terms of securing liquidity for WEMIX and increasing exposure in Western markets," adding, "WEMIX, which has previously established its presence in the domestic, Asian, and South American markets, has now expanded its influence to institutional and individual investors in Western countries such as the U.S., Canada, and the U.K." The company plans to accelerate the expansion of WEMIX's Real-World Asset (RWA) initiatives through this Kraken listing. It intends to proceed with additional listings on major exchanges in the future, secure global liquidity, and continuously expand accessibility to the WEMIX ecosystem. Additionally, Wemade is preparing to launch an AAA-level new game to advance the WEMIX Web3 gaming ecosystem. It recently unveiled 'StableNet,' South Korea's first dedicated Layer 1 blockchain for a won-pegged stablecoin.
Germany Sends More Bitcoin To Kraken And Coinbase As Selloff Fears Persist
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure German government-linked wallets have sent another tranche of Bitcoin toward Kraken and Coinbase, keeping traders focused on state-level selling pressure as BTC tries to stabilize. For more details, visit the official Arkham platform. TL;DR * Arkham-tracked German wallets have sent more BTC to major exchanges. * The latest transfers include flows toward Kraken and Coinbase-linked destinations. * Exchange deposits are being watched as a potential sell-side pressure signal. This is the more tactical version of the Germany Bitcoin story. The broad point is that seized coins are moving. The trading point is where they are moving and how often the transfers continue. Exchange Flows Keep The Market Nervous When a large wallet sends BTC to exchanges, traders rarely wait for confirmation of an executed sale. They start pricing the possibility. That is especially true when the wallet belongs to a government entity with no obvious reason to keep the coins as a long-term treasury asset. The Kraken and Coinbase destinations matter because they are deep venues with enough liquidity to process large flows. That can reduce market disruption, but it also makes potential sales more practical. Why This Is Not Just Another Whale Alert A random whale transfer can mean many things: custody reshuffling, collateral movement, OTC settlement, or exchange trading. A government liquidation wallet is different. The market has a clearer reason to assume the coins may be heading toward distribution or sale. For now, Bitcoin's resilience will depend on absorption. If ETF demand, spot buyers, and market makers can take the supply, the damage may stay limited. If the transfers keep coming during thin liquidity, every new movement will feel like another test. This report is based on wallet data from Arkham Intelligence. This article was written by the News Desk and edited by Samuel Rae.
Kraken Adds Tokenized Apple, Nvidia and Tesla Shares as Collateral - FinanceFeeds
Why Is Kraken Accepting Tokenized Stocks as Collateral? Kraken has begun accepting select tokenized stocks and exchange-traded funds as collateral for futures and margin trading, expanding the role of tokenized real-world assets beyond simple spot exposure. The feature allows eligible clients to use supported tokenized securities as collateral without selling them first. That means users can keep exposure to assets such as Apple, Nvidia, Tesla, Strategy, the SPDR S&P 500 ETF, and the Invesco QQQ Trust while opening leveraged positions on the exchange. The launch reflects a broader shift in tokenized markets. Tokenized stocks and ETFs are no longer being pitched only as blockchain versions of traditional assets. Exchanges and infrastructure providers are trying to turn them into usable financial instruments for collateral, margin, settlement, and lending activity. For Kraken, the move strengthens its futures and margin offering outside the United States while deepening the connection between crypto trading and tokenized traditional assets. For users, the main appeal is capital efficiency. Holdings that would otherwise sit idle can now support trading activity, subject to risk limits. How Will Kraken Manage Collateral Risk? Kraken is applying collateral haircuts to each supported tokenized asset, reducing the amount of borrowing value users receive against their holdings. The haircut depends on the perceived risk of the asset. Broad-market ETFs receive the lowest haircut at 10%, reflecting their diversified exposure and lower relative volatility compared with single stocks. More volatile assets, including Strategy and Robinhood, carry a 30% haircut. That means a user posting those assets receives materially less collateral value than the market value of the tokenized holding. The exchange has also set collateral limits by asset. Broad-market ETFs can be used for up to $1 million in collateral value, most individual stocks are capped at $250,000, and tokenized gold and Circle shares are capped at $100,000. Kraken said the haircuts and limits will be reviewed periodically and remain subject to change. That flexibility is important because tokenized equities can carry both market risk and liquidity risk. If prices move sharply, or if the underlying tokenized market becomes harder to trade, collateral values may need to be adjusted quickly. Investor Takeaway Who Can Use the New Feature? The feature is available only to eligible clients outside the United States. Kraken said tokenized stocks can be used as collateral for futures trading in the European Economic Area, while margin collateral support is available in other eligible jurisdictions outside the bloc. The geographic limits show that tokenized securities remain a regulated product category with uneven market access. Even as crypto exchanges expand tokenized stock offerings, availability still depends on local rules covering securities, derivatives, margin trading, and investor eligibility. That creates a split market. Non-U.S. clients may gain earlier access to tokenized securities as collateral, while U.S. users remain outside the feature for now. For exchanges, this makes international expansion central to testing tokenized asset utility before broader regulatory paths become clearer. The launch also follows Kraken's recent partnership with Maple to create an onchain warehouse financing facility for institutional crypto lending. Together, the moves point to a wider strategy: using tokenized and blockchain-based credit infrastructure to expand lending, margin, and institutional trading products. Why Are Tokenized Real-World Assets Gaining Utility? Kraken's move fits into a larger push to make tokenized real-world assets usable across financial markets. Recent product launches have focused less on tokenization as a standalone concept and more on practical use cases such as collateral, settlement, and structured credit. Franklin Templeton and Binance launched a program in February allowing institutions to use tokenized money market fund shares as trading collateral while the underlying assets remained in regulated off-exchange custody. BlackRock's tokenized U.S. Treasury fund, BUIDL, is also accepted as trading collateral on Binance, Crypto.com, and Deribit. Earlier this week, Tradeweb executed what it described as the first real-time purchase and sale of a tokenized U.S. Treasury settled against tokenized cash on the Canton Network. That transaction points to another area of development: settlement systems that use tokenized cash and tokenized securities in the same workflow. The market is still small compared with traditional securities markets, but growth has accelerated. Tokenized real-world assets have reached about $32.6 billion in distributed value, while tokenized stocks have climbed to roughly $2 billion from about $381 million a year earlier, according to RWA.xyz. For institutional adoption, the next stage depends on whether tokenized assets can prove useful under stress. Collateral products must handle volatility, liquidations, custody questions, and regulatory review. Kraken's rollout adds another test case for whether tokenized stocks can become more than tradable wrappers and take a larger role in crypto market structure.
Canaccord Genuity Remains a Buy on Kraken Robotics Systems Inc (PNG)
Canaccord Genuity analyst Aravinda Galappatthige maintained a Buy rating on Kraken Robotics Systems Inc today and set a price target of C$9.50. 4th of July Sale - 70% Off * Unlock powerful investing tools and data-driven insights with TipRanks Premium for more confident investment decisions. * Discover top stock picks and new investment opportunities through TipRanks' Smart Investor Newsletter. According to TipRanks, Galappatthige is a 3-star analyst with an average return of 1.8% and a 46.41% success rate. Galappatthige covers the Communication Services sector, focusing on stocks such as BCE, Stingray Group, and Cineplex. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Kraken Robotics Systems Inc with a C$9.50 average price target. Based on Kraken Robotics Systems Inc's latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$21.71 million and a GAAP net loss of C$3.33 million. In comparison, last year the company earned a revenue of C$16.13 million and had a net profit of C$215 thousand
