May 31 (Reuters) - Kraken Sonar Inc PNG.V
* 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: ID:nCCNFs6GZa Further company coverage: PNG.V