A Newfoundland-based company is reporting a big jump in revenue over the past year.
Kraken Robotics, an ocean industry technology company says preliminary results say they made around $40 million in 2022 revenue, up 56 per cent year-over-year.
The company recently acquired a $50 million contract for the Canadian Navy’s Remote Minehunting and Disposal System, on top of a $9 million KATFISH contract with a NATO navy customer.
