Showing posts with label Energy. Show all posts

Wednesday, June 10, 2026

C3Ai is a completely unloved stock, but, Tom Seibel is back! Turnaround story or, Value Trap!

C3.ai (NYSE: AI) – Business / Investment Report

Potential Turnaround Story or Value Trap?

Focus: The “Tom Siebel Effect”

Date: June 2026

1. Executive Summary

C3.ai represents one of the more controversial “fallen angel” AI stocks in the market today.

Once viewed as a premier enterprise AI platform and briefly trading above $170 after its IPO enthusiasm, the stock has collapsed due to execution failures, slowing growth, leadership instability, and investor skepticism. However, the return of founder Tom Siebel as CEO in May 2026 has materially changed the investment narrative. The question is no longer whether C3.ai is broken — it clearly was — but whether this is now a legitimate founder-led turnaround opportunity.

Investment conclusion:
C3.ai is not yet a confirmed turnaround, but it is now a

credible asymmetric turnaround candidate.

For a high-risk retail investor seeking AI exposure beyond obvious mega-caps, C3.ai may represent a classic “maximum pessimism” entry point, provided investors accept elevated volatility and execution risk.

2. The “Tom Siebel Effect” — Why This Matters

The central turnaround thesis revolves around one man:

Thomas Siebel

Siebel returned as CEO in May 2026 after stepping back due to serious health issues that materially disrupted sales execution and strategic oversight. Management itself acknowledged that performance deterioration accelerated while Siebel was less involved in day-to-day operations.

This matters because C3.ai is not a commodity SaaS company.

It is an enterprise AI sales organization, where:

relationships matter,
long sales cycles dominate,
government and Fortune 500 trust is essential,
executive selling often determines success.

Historically, Siebel has been one of Silicon Valley’s strongest enterprise sales operators, having previously built and sold Siebel Systems to Oracle for approximately $5.8 billion.

Why founder returns sometimes work

Turnaround history shows founder returns can be highly effective when:

✅ the founder remains deeply connected to customers
✅ execution problems (not product failure) caused deterioration
✅ balance sheet strength buys time
✅ organizational bloat gets reset

C3.ai arguably checks all four boxes.

The risk, however, is whether the business deterioration has gone too far.

3. Financials — Broken Business or Temporary Breakdown?

This is where the story becomes complicated.

Fiscal 2026 was ugly.

Quarterly revenue fell sharply to roughly $51.6 million, and bookings disappointed investors. Revenue contraction raised serious concerns about whether C3.ai had simply lost relevance in enterprise AI.

However, several important positives remain:

Strengths

1. Strong cash position

C3.ai still holds approximately $250M+ in annual revenue and substantial liquidity with minimal debt, meaning bankruptcy or forced dilution risk appears limited near term. This gives management time to execute a turnaround.

2. Aggressive restructuring already underway

Management implemented major workforce reductions and restructuring expected to deliver approximately $135 million in annualized cost savings.

This matters because many successful software turnarounds first go through a painful “reset” phase before operating leverage improves.

3. Guidance stabilizing

Despite weak recent performance, management guidance modestly exceeded Wall Street expectations for fiscal 2027, suggesting deterioration may be slowing.

Weaknesses

The biggest problem remains obvious:

Revenue is still shrinking.

Until growth stabilizes and reaccelerates, investors will remain skeptical.

For C3.ai, the key metric is not profitability yet.

It is:

Can they return to sustainable enterprise revenue growth?

4. Business Environment — Better Than It Looks?

Ironically, the macro environment may now favor C3.ai more than at any point in its history.

The enterprise world has moved from:

“Should we use AI?”

“How fast can we operationalize AI?”

This shift potentially benefits enterprise orchestration platforms.

C3.ai focuses on:

predictive maintenance
supply chain optimization
defense readiness
manufacturing intelligence
energy optimization
fraud detection
generative AI for enterprise workflows

These are real business applications — not chatbot hype.

The problem: brutal competition!

C3.ai now competes with giants including:

Unlike earlier years, C3.ai is no longer a first mover.

Execution now matters far more.

5. Customers, Contracts & Existing Relationships

This is where the bull case becomes more compelling.

C3.ai already serves meaningful enterprise and government customers.

Notable historical and ongoing customers/relationships include:

Baker Hughes
United States Air Force
United States Department of Defense
Shell
3M
Bank of America
Cargill
Koch Industries

Key contract: U.S. Air Force

One of the most important developments was expansion of C3.ai’s U.S. Air Force relationship.

In 2025, the contract ceiling increased to $450 million through 2029, focused on predictive maintenance and readiness analytics across military aircraft fleets. This is highly relevant because defense AI spending is growing rapidly.

For someone with our interest in NATO and defense modernization, this is one of the stronger parts of the thesis.

Baker Hughes relationship

The multi-year renewal with Baker Hughes through 2028 remains strategically important because it embeds C3.ai into energy-sector digital transformation.

This partnership gives C3.ai credibility and a distribution mechanism into:

oil & gas
chemicals
industrial infrastructure

6. Potential Future Customers & Growth Areas

If the turnaround works, growth likely comes from six areas:

1. Defense & NATO modernization

Military predictive maintenance, logistics, battlefield readiness, fleet optimization.

2. Utilities & power grids

AI optimization of increasingly strained power systems.

3. Manufacturing

Industrial AI remains underpenetrated.

4. Energy sector

Oil, gas, LNG, chemicals, carbon optimization.

5. Financial fraud detection

Banks increasingly require AI risk systems.

6. Government agencies

Federal AI modernization remains in early innings.

In other words:

C3.ai participates in many of the same long-duration themes you already like:
AI + defense + industrial modernization + infrastructure.

7. Bull / Base / Bear Scenarios

Scenario	What Happens	Possible Stock Outcome
Bull Case (30%)	Siebel fixes execution, revenue reaccelerates, defense + enterprise wins expand	2x–4x+ upside
Base Case (40%)	Slow stabilization, moderate growth	Limited but respectable upside
Bear Case (30%)	Revenue keeps deteriorating, hyperscalers dominate	Value trap / further downside

The market is currently pricing something closer to the bear case.

That is why speculative investors are interested.

Final Investment View

C3.ai today resembles a high-risk founder-led turnaround, not a broken meme stock.

The biggest reason to consider it is simple:

Tom Siebel is back, and the stock is deeply unloved.

That combination has historically created opportunities.

But this is not yet investable as a “core AI position” like your existing AI tollbooth thesis (MRVL, CRDO, QCOM, etc.).

Instead, I would view it as:

A speculative optionality bet on a founder-led turnaround

For a Canadian retail investor:

TFSA approach: small position sizing, gradual accumulation, and only if willing to tolerate major volatility.

The single most important metric to watch:

Quarterly revenue stabilization and reacceleration.

If revenue turns upward while sentiment remains negative, that is when C3.ai could rerate quickly.

NOTE: This weeks "Shell" news may be critical for an eventual turnaround story!

this is actually more important than the headline first suggests.

C3.ai announced an expanded multi-year agreement with Shell this week (June 4) to scale AI-powered reliability and predictive maintenance across Shell’s global asset operations. Importantly, this is not a pilot project or “proof of concept.” It is an expansion of an existing long-term relationship that began in 2018, which is exactly the type of evidence turnaround investors want to see.

Here is why I think this matters:

1. This validates that Shell is getting real economic value

Shell is not experimenting here.

C3.ai says the existing deployment already monitors 13,000+ pieces of industrial equipment and has generated “hundreds of millions of dollars” of economic value through reduced downtime and improved reliability. Shell is now expanding the relationship instead of shrinking it.

In enterprise software, especially industrial AI:

Renewals and expansions are often more important than flashy new logos.

If Shell were unhappy, they would not deepen the relationship.

That is a meaningful signal.

2. This is moving beyond “AI monitoring” into Agentic AI

The new agreement reportedly adds:

AI-agent root cause analysis
diagnostic automation
remediation recommendations

In simple terms:

Old system:

“Something is wrong with compressor #14.”

New system:

“Compressor #14 is likely failing because vibration + heat + pressure trends resemble three prior failures. Recommended intervention: X.”

This is a much more valuable product category because it moves from detection → diagnosis → action.

Given our broader thesis around Agentic AI, this part is important.

C3.ai may actually have an underappreciated niche in industrial agentic AI, especially for:

energy
utilities
chemicals
defense logistics
heavy manufacturing

3. Shell could become a “reference customer” for the energy industry

This may be the most underrated aspect.

Energy companies tend to copy proven deployments.

If Shell demonstrates strong ROI, it increases the probability of:

ExxonMobil
Chevron
BP
TotalEnergies
LNG operators
utilities
industrial process companies

expanding industrial AI budgets.

C3.ai already has credibility in energy through both Shell and Baker Hughes, which creates an ecosystem effect. The long-running relationship with Baker Hughes was also expanded in 2025 to continue AI deployment in energy and industrial markets.

4. Why this matters to the turnaround thesis

For me, this is incrementally bullish, but not thesis-changing by itself.

What it does prove:

✅ Major customers are staying
✅ At least one flagship customer is expanding spend
✅ The product appears to deliver measurable ROI
✅ C3.ai still has enterprise relevance
✅ Siebel’s “industrial AI” thesis may not be broken

What it does NOT yet prove:

❌ Revenue reacceleration across the company
❌ Broad customer momentum
❌ Sustainable growth recovery

In other words:

The Shell news is evidence that C3.ai may still have a strong product in certain verticals.

The open question remains:

Can Tom Siebel turn isolated successes into company-wide execution again?

My interpretation for an investor

If I were building the turnaround case, I would put this development in the “important confirming evidence” bucket.

Not a reason alone to buy.

But if over the next 2–3 quarters we also see:

more defense wins,
additional industrial expansions,
stabilization in revenue,

then this Shell expansion starts to look like...

the first sign of a real turnaround rather than random good news.

Saturday, October 11, 2025

Lithium is the new oil AND, Smackover is America's new wellhead!

⚡ Investment Report: Smackover Lithium Project

Joint Venture between Standard Lithium Ltd. (NYSE: SLI / TSX-V: SLI) and Equinor ASA (NYSE: EQNR)

🧭 Executive Summary

As America and China continue to lock horns over critical minerals and strategic materials, smaller North American players — Standard Lithium (SLI), Critical Metals Corp (CRML), Ucore Rare Metals (UCU), MP Materials (MP), and Avalon Advanced Materials (AVL) — are poised to thrive. These companies control valuable deposits of lithium, rare earths, and other critical minerals that underpin the global energy transition.

Among them, the Smackover Lithium Project stands out as one of the most strategically positioned and technically advanced lithium ventures in North America. With Standard Lithium as operator and Equinor ASA as a 45% partner, this project is well‑funded, technologically mature, and fully aligned with U.S. energy independence and clean‑tech industrial policy goals.

🌍 Geological & Strategic Context

🔹 The Smackover Formation

A geological giant stretching across the Gulf Coast Basin, running through southern Arkansas and eastern Texas.
Formed by porous carbonate rock layers that host brine rich in lithium and other dissolved minerals.
Already home to a mature industrial brine extraction ecosystem, historically focused on bromine production — creating ideal infrastructure for lithium development.

🔹 Project Zones

Southwest Arkansas (SWA) Project: Core area of lithium concentration with average 437 mg/L lithium; planned capacity of 30,000 tonnes/year battery‑grade LiOH.
East Texas Project: Expanding zone where brine samples have shown up to 806 mg/L lithium concentrations.
Both project areas are contiguous within the subsurface Smackover geological system, forming a unified development corridor.

⚙️ Technology & Operations

Direct Lithium Extraction (DLE)

Proprietary process developed by Standard Lithium; continuously operated pilot plant in El Dorado, AR since 2020.
>99% lithium recovery demonstrated, with minimal land and water use compared to evaporation ponds.
Produces high‑purity lithium hydroxide suitable for EV batteries.
Significantly shorter production cycles and lower carbon footprint.

🤝 Joint Venture Structure — "Smackover Lithium"

Partner	Role	Ownership
Standard Lithium (SLI)	Project operator, technology owner	55%
Equinor ASA (EQNR)	Strategic investor, subsurface & capital partner	45%

Equinor committed:
- $30M upfront payment
- $60M development work program
- Up to $70M in milestone-based performance payments
DOE Grant: $225M awarded (January 2025) for Phase 1 SWA construction.
Operating JV name: Smackover Lithium — a separate entity governed jointly, designed to scale projects across the Smackover Basin.

💰 Financial and Partner Strength

Standard Lithium Ltd. (SLI)

Cash reserves: $31.2M (Dec 2024)
Debt: None
100% operator of Smackover Lithium JV assets
Positioned as one of the few pure‑play U.S. lithium developers

Equinor ASA (EQNR)

Market Cap: ~$90B
P/E: 7.8×
P/S (TTM): 0.6
P/CF (TTM): 3.6×
Operating Margin: 28.4%
Dividend Yield: 8.4%
Strategic energy supermajor from Norway with deep pockets and global project execution capacity.
Expanding beyond hydrocarbons into low‑carbon, critical‑minerals, and hydrogen sectors.

“Energy – Europe – America – Equinor ASA. P/E 7.8x, Dividend 8.4% — Nuff Said.”

🧱 Development Roadmap

Milestone	Timeline	Status
JV Formation with Equinor	Q1 2025	✅ Completed
DOE $225M Grant Secured	Q1 2025	✅ Completed
FEED & Engineering Studies	Q2–Q3 2025	🔄 In Progress
Construction Start (SWA Phase 1)	Late 2025 – Early 2026	🔜 Planned
East Texas Resource Expansion	2025–2026	🔄 Active
Commercial Production Launch	2027 (est.)	🕒 Target

📈 Investment Thesis

Strategic Resource Control: SLI and Equinor control one of North America’s richest lithium brine systems.
Government Support: DOE grant validates technical and geopolitical importance.
Technology Edge: Proven DLE technology de‑risks extraction and accelerates scalability.
Institutional Partner: Equinor’s financial strength ensures long‑term project execution.
Critical Mineral Supercycle: Geopolitical friction between the U.S. and China will continue to amplify the value of domestic lithium production.

We are long both SLI and EQNR. The combination of technology, capital, and national priority creates a unique, asymmetric upside in the North American lithium sector.

⚠️ Risks & Mitigations

Risk	Impact	Mitigation
DLE Scale-Up Risk	Technical challenge in commercial scaling	Multi‑year pilot proven, DOE oversight ensures compliance
Permitting/Regulatory	Potential local or state delays	Favorable Arkansas regulatory climate; existing brine infrastructure
Lithium Price Volatility	Market-driven revenue swings	U.S. IRA incentives, potential offtake contracts, DOE-supported floor pricing
CapEx Inflation	Rising material costs	Equinor funding cushions; DOE grant offsets 20–30% of initial capex

🌎 Macro Context: The Critical Mineral Rivalry

The U.S.–China rivalry over energy transition materials has escalated into a strategic resource race. Lithium, nickel, and rare earths have emerged as the new oil — essential to EVs, grid storage, and defense applications.

Small-cap developers like SLI, CRML, UCU, MP, and AVL occupy a unique sweet spot:

They own the feedstock of the next industrial era.
They are becoming acquisition targets for major energy and materials firms (e.g., Equinor, ExxonMobil, Rio Tinto).
They provide investors with exposure to critical mineral leverage without megacap dilution.

🧩 Conclusion

The Smackover Lithium Project is more than a single asset — it is a strategic partnership between innovation (SLI) and institutional power (Equinor), underpinned by U.S. government backing.

With world-class geology, proven technology, strong partners, and policy tailwinds, Smackover Lithium is positioned to become a cornerstone of America’s clean energy supply chain.

→ In short:

Lithium is the new oil. Smackover is America’s wellhead.

Friday, August 22, 2025

Every portfolio should be anchored! Cautious investors might consider a balanced approach in uncertain times!

Here’s a structured report on five “anchor” stocks across different market segments that a cautious investor might hold for upside in a bull market while seeking protection in a bear market.

Anchor Stocks for a Balanced Portfolio

1. Apple (AAPL) – Technology

Rationale: Apple is the world’s largest company by market cap and a core anchor in the tech sector. Its strong ecosystem (iPhone, iPad, Mac, Services) provides recurring revenue, and its balance sheet holds significant cash reserves.
Bull Market Upside: Innovation in AI, wearables, and services could expand margins and boost earnings.
Bear Market Protection: Strong brand loyalty, consistent cash flow, and a fortress balance sheet make Apple more resilient than most tech peers.

2. Johnson & Johnson (JNJ) – Healthcare

Rationale: J&J is a diversified healthcare giant with exposure to pharmaceuticals, medical devices, and consumer health products. Its products are largely non-cyclical.
Bull Market Upside: New drug approvals and med-tech expansion can drive growth.
Bear Market Protection: Healthcare demand is steady regardless of economic cycles, making JNJ a safe haven during downturns.

3. JPMorgan Chase (JPM) – Financials

Rationale: The largest U.S. bank, JPMorgan is well-capitalized and a leader in consumer, corporate, and investment banking.
Bull Market Upside: Rising deal activity, lending growth, and wealth management expansion provide earnings leverage.
Bear Market Protection: JPM’s diversified operations, strong liquidity, and regulatory oversight provide stability compared to smaller banks.

4. Procter & Gamble (PG) – Consumer Staples

Rationale: PG owns globally recognized brands like Tide, Pampers, and Gillette. Its products are essential, even in recessions.
Bull Market Upside: Brand pricing power and global scale allow PG to capture growth in emerging markets.
Bear Market Protection: Demand for household goods is steady, making PG a defensive anchor stock.

5. NextEra Energy (NEE) – Utilities / Renewable Energy

Rationale: NextEra is the largest U.S. utility and a global leader in renewable energy. Utilities are historically defensive, and NEE adds a growth component through clean energy investments.
Bull Market Upside: Expansion in renewables and infrastructure spending supports long-term growth.
Bear Market Protection: As a utility, demand for electricity is stable, cushioning against economic downturns.

Summary

These five anchor stocks provide a blend of:

Growth (Apple, JPMorgan, NextEra)
Stability (Johnson & Johnson, Procter & Gamble)

Together, they represent technology, healthcare, financials, consumer staples, and utilities—five distinct sectors. This diversification helps cautious investors ride the bull market while softening the blow of a bear market.

Here’s the expanded report with valuation metrics for each of the five anchor stocks, plus one ETF recommendation that complements them.

Anchor Stocks for a Balanced Portfolio

1. Apple (AAPL) – Technology

Market Cap: ~$3.2T
P/E Ratio: ~29
Dividend Yield: ~0.5%
Beta: ~1.2 (slightly more volatile than market)
Notes: Apple’s strong balance sheet ($160B+ cash) and recurring service revenue provide cushion in downturns, while AI and product refreshes fuel upside.

2. Johnson & Johnson (JNJ) – Healthcare

Market Cap: ~$370B
P/E Ratio: ~14
Dividend Yield: ~3.3%
Beta: ~0.5 (much less volatile than market)
Notes: One of only two U.S. companies with AAA credit rating. Its mix of pharma, medical devices, and consumer health adds resilience.

3. JPMorgan Chase (JPM) – Financials

Market Cap: ~$600B
P/E Ratio: ~11
Dividend Yield: ~2.3%
Beta: ~1.1 (close to market risk)
Notes: The strongest U.S. bank balance sheet, with global reach and consistent earnings power across economic cycles.

4. Procter & Gamble (PG) – Consumer Staples

Market Cap: ~$400B
P/E Ratio: ~23
Dividend Yield: ~2.4%
Beta: ~0.4 (very defensive)
Notes: Reliable dividend grower, 60+ years of increases. Essential products offer protection in recessions.

5. NextEra Energy (NEE) – Utilities / Renewables

Market Cap: ~$160B
P/E Ratio: ~19
Dividend Yield: ~2.6%
Beta: ~0.5 (defensive with steady cash flow)
Notes: Combines utility stability with renewable growth exposure, making it a rare “defensive growth” stock.

Complementary ETF: Vanguard Dividend Appreciation ETF (VIG)

Category: Large-cap U.S. dividend growth companies
Expense Ratio: 0.06% (very low)
Dividend Yield: ~2%
Volatility: Lower than S&P 500 (Beta ~0.9)
Why It Complements the Anchors:
- Focuses on high-quality companies with at least 10 years of consecutive dividend growth.
- Provides diversification across 300+ holdings, including Microsoft, J&J, PG, and PepsiCo.
- Smooths returns in bear markets while offering upside in bull markets.

Summary

This Anchor Portfolio of five stocks (AAPL, JNJ, JPM, PG, NEE) gives exposure to tech, healthcare, financials, consumer staples, and utilities—a broad, defensive yet growth-ready mix. Adding VIG ETF layers in dividend-growth diversification, ensuring capital protection in downturns and steady upside in expansions.

Let’s add a Canadian-listed ETF that serves as a solid complement to the anchor stocks, while being easily accessible to Canadian investors.

Canadian Complementary ETF

iShares S&P/TSX 60 Index ETF (XIU.TO)

Category: Large-cap Canadian blue-chip stocks
Exchange: Toronto Stock Exchange (TSX)
Expense Ratio (MER): ~0.18%
Dividend Yield: ~3.0%
Beta: ~0.9 (slightly less volatile than the S&P 500)

Why XIU Works as a Complement

Diversification in Canadian Market: Covers Canada’s 60 largest companies (banks, energy, telecoms, consumer).
Bear Market Cushion: Heavy weighting in banks and utilities makes it defensive.
Bull Market Upside: Exposure to resource and energy companies provides growth if commodities surge.
Dividend Stability: Canadian banks and telecoms (RBC, TD, BCE, Telus) are strong dividend payers.
Liquidity: XIU is one of the oldest and most liquid ETFs in Canada.

Alternative Canadian Option (Dividend-Focused):

Vanguard FTSE Canadian High Dividend Yield Index ETF (VDY.TO)

MER: ~0.22%
Dividend Yield: ~4.3% (higher income focus)
Holdings: Primarily banks, pipelines (Enbridge, TC Energy), telecoms.
Best For: A cautious investor wanting more income stability while still participating in bull markets.

Summary and Rationalization

For a core Canadian anchor ETF: XIU.TO (broad, stable, diversified).
For extra income/dividend protection: VDY.TO.

Together with the U.S. Anchor Stocks + VIG, these ETFs give you cross-border diversification, income in downturns, and strong upside in recoveries.

Thursday, August 7, 2025

Kraken Robotics - NATO Navy supplier is moving up the ladder with massive, undersea battery facility!

Technology for: NATO Navies, Energy companies, pipeline inspections, undersea exploration

Kraken Robotics in a great position to help supply NATO navies with their sub sea technology!

Recent Developments

1. Massive SeaPower™ Battery Orders & Nova Scotia Expansion

Kraken secured $34 million in SeaPower battery orders from three clients, including a $31 million order—its largest yet—from a UUV defense provider, plus $3 million from two commercial clients.finance.yahoo.com+15
The company signed a lease and committed $10 million to establish a 60,000 sq ft battery production facility in Nova Scotia by late 2025. Once operational, capacity could nearly triple—approaching $200 million in annual battery output—and create around 200 advanced manufacturing jobs.Kraken Robotics+2ept.ca+2

2. Q1 2025 Financial Results & Forward Guidance

Revenue dropped 23% YoY to C$16.1 million, driven by a 42% decline in product revenue offset by a 38% surge in service revenue thanks to strong demand for Sub-Bottom Imager™ and Acoustic Corer™ services.GlobeNewswire+5Kraken Robotics+5Ocean Science & Technology+5
Gross margin improved sharply—from 44.8% to 62.7%—though Adjusted EBITDA dipped 32% to C$2.8 million (17.3% margin).Kraken Robotics+1
Cash position soared to C$58.3 million, up from C$1.5 million a year earlier, with working capital rising to C$94.6 million—providing robust liquidity for growth.Ocean Science & Technology+3
Kraken reaffirmed its 2025 guidance: projecting C$120 million–C$135 million in revenue and C$26 million–C$34 million in Adjusted EBITDA, with most of the year's gains expected in H2.Kraken Robotics+1
Key achievements since year-end included ~$45 million in new subsea battery orders,

$3 million in SAS orders, launching its KATFISH SAS service for offshore energy markets, and completing its 3D at Depth acquisition

(Texas, Colorado, UK).GlobeNewswire+8Kraken Robotics+8

3. $115 Million Bought-Deal Equity Financing

On July 7, 2025, Kraken closed a C$115 million bought-deal public offering, issuing 43.24 million shares at C$2.66 each (including over-allotment).Kraken Robotics+4
The raised capital is earmarked for accelerating strategic growth—such as funding acquisitions (especially in the US and Europe), bolstering the balance sheet for larger government and commercial contracts, and general corporate usage.Kraken Robotics+2

4. Board Strengthening with Defense Expertise

On June 4, 2025, Kraken appointed Kristin Robertson—a veteran with experience at RTX, Boeing, and defense strategy—as a new member of its Board of Directors, enhancing its governance and defense-industry insight.Ocean Science & Technology+3

5. LiDAR Subsidiary Reaches Milestone

Kraken’s recently acquired U.S, LiDAR firm, 3D at Depth, completed its 1,000th subsea metrology project for TotalEnergies, reflecting operational scale and service credentials.Kraken Robotics Science & Technology+6

6. Strong SAS Demand Continues

The company also reported over C$3 million in new Synthetic Aperture Sonar (SAS) orders. These systems are being integrated across small and medium UUVs in the Asia-Pacific, Europe, and North America, including a project with the University of Southern Mississippi’s Roger F. Wicker Center.GlobeNewswire+7

Strategic Summary

Focus Area	Key Insight
Financing & Liquidity	C$115M raised, C$58M in cash, healthy working capital
Manufacturing Expansion	Nova Scotia facility enhances battery output & logistics
Product & Service Growth	Strong SeaPower, SAS, LiDAR orders bolster pipeline
Corporate Strengthening	Added board expertise and LiDAR operational scale
Forward Pathway	Well-positioned for upcoming contract fulfillment in 2025+

Kraken Robotics continues to build strategic momentum—boosting its financial runway, expanding production, winning key orders, and deepening its defense-industry capabilities. It’s clearly accelerating toward becoming a global prime contractor in subsea defense and energy markets.

Ed Note: We added to our position in PNG Today, August 7th, 2025

A shadow war is brewing under the worlds oceans.

Release "The Kraken"!

FLT is another Microcap, Canadian stock, that is also in the "sweet spot" of the Canadian and NATO defense buildups