CODA
Coda Octopus Group, Inc.9.26
+0.17+1.87%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
DAVID targets European navy orders
Q&A zeroed in on DAVID's international push, confirming Q4 delivery of two untethered systems to an influential European navy—with Q2 training and Q3/Q4 orders in view—positioning non-US adoption as FY2026's key benchmark. Management anticipates beating FY2025's $3.7 million DAVID revenue, but warned of lumpiness tied to US ANU approval and budgets. Nanogen sonars sparked defense buzz via nearer-term PIP integrations on existing platforms. Rentals perked up commercially in Q4 amid steady offshore demand. Cash at $28.7 million fuels M&A hunt. Europe leads DAVID's next leap.
Key Stats
Market Cap
104.16MP/E (TTM)
30.87Basic EPS (TTM)
0.30Dividend Yield
0%Recent Filings
10-Q
Q1 FY2026 results
Coda Octopus posted solid Q1 FY2026 results through January 31, with revenue jumping 28.8% y/y to $6.7M on stronger Marine Technology sales (up 47.4% to $3.4M, led by 63% Asia growth) while gross margins slipped to 65.1% from commission hikes and Services mix. Operating income rose 52.6% y/y to $1.0M; diluted EPS held at $0.08 on 11.3M shares. Cash swelled to $30.4M after $1.5M operating cash flow beat capex; no debt, $4M revolver available. Segments thrived yet Services margins fell. Customer concentration lingers.
10-K
FY2025 results
Coda Octopus posted FY2025 revenue of $26.6M, up 30.7% y/y, with PAL's late-year addition driving 20.4% of the gain; core Marine Technology rose 3.2% to $13.2M despite 36.6% rental drop from renewables funding cuts, while Services grew 5.6% to $7.9M. Gross margins slipped 3.3 points to 66.5% on sales mix shifts and higher commissions. Operating income climbed 26.6% to $4.5M, net income 13.3% to $4.1M. Q4 order intake slowed from US government shutdown. Cash swelled to $28.7M, funding $7.2M operating cash flow. No debt; $4M revolver available. Defense funding delays threaten quarterly momentum.
8-K
Annual meeting elects directors
Coda Octopus Group held its annual stockholder meeting on September 10, 2025, electing Annmarie Gayle, Michael Hamilton, Robert Harcourt, Gwenael Rouy-Poirier, and Blair Cunnigham as directors with strong support exceeding 90% of votes cast. Stockholders ratified Frazier & Deeter, LLC as independent auditors and approved executive compensation on an advisory basis. All proposals passed decisively. This reinforces board stability amid ongoing operations.
10-Q
Q3 FY2025 results
Coda Octopus Group's Q3 FY2025 revenue climbed 29.0% y/y to $7.1M, fueled by the October 2024 acquisition of Precision Acoustics (PAL), which added $1.5M in sales and boosted the marine technology segment's hardware deliveries in the Americas and Middle East. Gross margins dipped to 68.3% from 73.9% y/y, reflecting a heavier mix of lower-margin equipment sales and higher commissions, while operating income held steady at $1.4M despite added amortization from PAL's $257K goodwill and finite-lived intangibles amortized over 7 years. Diluted EPS remained flat at $0.11, reconciling cleanly with 11.3M weighted shares. Cash swelled to $26.2M with $4.3M in nine-month operating cash flow, underscoring solid liquidity without debt. Yet customer concentration poses risks.
8-K
Board director resigns for DoD role
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