May 31, 2017 / 1:08 PM / 4 months ago

BRIEF-Kraken Q1 revenue C$300,000 vs C$700,000

May 31 (Reuters) - Kraken Sonar Inc

* Kraken reports q1 2017 financial results

* Q1 revenue c$300,000 versus c$700,000

* Kraken sonar inc - well positioned to meet emerging opportunities in marine robotics industry, particularly for robots as a service

* Kraken sonar inc - net loss for quarter was $0.7 million versus a net loss of $0.1 million in year ago quarter

* Kraken sonar inc - awaiting further feedback from government agency regarding budget allocation for underwater defence program Source text for Eikon: Further company coverage:

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