Kraken Robotics Inc. provided earnings guidance for the year 2022. For 2022, the company expects revenue to be in the $36.0- $42.0 million range, with adjusted EBITDA expected to be in the $5.0-$7.0 million range. Operational results in 2022 will be driven by the continued delivery of systems to the Royal Danish Navy, a full-year impact from the acquisition of PanGeo and continued deliveries of AquaPix® synthetic aperture sonar and SeaPower™ battery products.

During 2022, Kraken is expected to receive progress payments on two large contracts amounting to $14.4 million.