Coda Octopus Group

Coda Octopus Group, Inc. engages in designing and manufacturing patented real time 3D sonar solutions. It operates through the following two segments: Marine Technology Business and Marine Engineering Business. The Marine Technology Business segment, also called the Products segment, develops solutions for both commercial and defense subsea market. The Marine Engineering Business segment, also called the Services segment, supplies engineering services primarily to prime defense contractors. The company was founded in 1994 and is headquartered in Orlando, FL.

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Coda Octopus Group reports revenue growth, eyes defense market expansion

Coda Octopus Group's fiscal year 2022 performance showed resilience amidst challenges, with a strategic focus on technology development and market expansion. The company faces revenue timing issues and supply chain disruptions but remains optimistic about growth opportunities in defense and commercial sectors.

CODA reports stable Q1 earnings, projects growth in technology sector

CODA demonstrated resilience with stable financials, strong product sales, and operational advancements.
While facing revenue challenges, the company's focus on cost management and product innovation is notable.
Opportunities lie in revenue growth projections, expanding product adoption, and market leadership in underwater imaging.

Coda Octopus Group reports solid Q2 earnings, focuses on growth

Coda Octopus Group shows strong financial performance with a focus on organic growth.
Despite challenges in meeting full-year goals, the company is actively pursuing growth strategies.
Opportunities lie in expanding market adoption of new products and enhancing sales efforts.

Coda Octopus Group reports Q3 revenue decline, eyes growth opportunities

Coda Octopus Group's Q3 2023 performance reflects a revenue decline, but the company maintains profitability and a strong financial position with no debt and significant cash reserves.
Challenges in converting inquiries into orders persist, particularly due to shifts in customer priorities and delays in certain projects, but the company remains optimistic about growth opportunities.
The focus on technology, global business development, and strategic geographies like the U.S. market positions the company for long-term success despite short-term challenges.
With a proactive approach to addressing challenges and leveraging strengths, Coda Octopus Group aims to navigate market dynamics and drive growth through diversified revenue streams and strategic initiatives.

Coda Octopus Group faces revenue decline in 2023, eyes growth

Coda Octopus Group navigated challenges in fiscal 2023, maintaining financial stability and focusing on key technology-driven growth.
The company's strong cash position, technological capabilities, and market focus in North America position it for future opportunities.
Addressing shareholder concerns and leveraging growth opportunities in key markets will be crucial for sustained success.
Progress in underwater vehicle programs and positive early indicators in fiscal 2024 signal a promising outlook for the company.

Coda Octopus Group navigates revenue challenges with strategic focus

Coda Octopus Group faced revenue challenges in Q1 2024 but showed resilience and strategic focus.
The company's strong gross margin and cash position provide a foundation for growth.
Investments in technology and market expansion indicate a proactive approach to future opportunities.
Clear goals set by management signal determination to overcome current challenges and drive growth.

Coda Octopus Group reports steady Q2 earnings and eyes market expansion

Coda Octopus Group showcased strong financial performance with steady revenue and significant increases in operating and net income.
The company's focus on innovation and market expansion through new technologies and market segments positions it well for future growth.
Despite challenges in government funding and potential supply chain disruptions, Coda Octopus Group remains optimistic about long-term prospects.

Coda Octopus Group reports robust Q3 growth and strategic acquisitions

Coda Octopus Group delivered strong financial performance in Q3 2024 with revenue growth, improved profit margins, and positive net income.
The company's strategic focus on defense technology integration and acquisition plans positions it well for future growth and market expansion.
While challenges in cost management and integration exist, leveraging opportunities in existing business segments and acquisitions can drive sustained success.

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Coda Octopus Group, Inc. engages in the developing, manufacturing, and marketing of subsea products. It operates through the Marine Technology Business (Products) and Marine Engineering Business (Services) segments. The Marine Technology Business segment develops solutions for subsea and underwater markets. The Marine Engineering Business segment supplies engineering services primarily to prime defense contractors. It also operates through the Americas, Europe, Australia or Asia, and Middle East or Africa geographical segments. The company was founded in 1994 and is headquartered in Orlando, FL.

Coda Octopus is poised for growth with new products targeting defense markets, overcoming temporary headwinds like inflation and supply chain issues. The company's high-margin rental business is recovering, and defense budgets are expected to rebound post-election, boosting revenue. CODA's innovative technologies, such as DAVD, Echoscope PIPE, and Voice HUB-4, present significant market opportunities in the marine and defense sectors.

Coda Octopus Has A Bright Future

ORLANDO, FL, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today announced that its Marine Technology Business Unit (“Products Business”) received an order for fifteen (15) of its new generation F280® GNSS Aided INS systems (“Motion products”) valued at approximately $576,000 and which will be used in a foreign Navy Program.

Coda Octopus Group Announces that it has recently received an order for fifteen of its new generation F280® GNSS Aided Inertial Navigation Systems (“GNSS Aided INS”) for Contract Value of $576,000

Coda Octopus Group, Inc. (NASDAQ:CODA ) Q3 2024 Earnings Conference Call September 16, 2024 10:00 AM ET Company Participants Geoff Turner - Investor Relations Annmarie Gayle - Chair & Chief Executive Officer Gayle Jardine - Interim Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Richard Deutsch - Sutter Securities Andrew Scott - 395 Group Steve Emerson - Emerson Investment Group Operator Good morning. Welcome to Coda Octopus Group's Third Quarter 2024 Earnings Conference Call.

Coda Octopus Group, Inc. (CODA) Q3 2024 Earnings Call Transcript

ORLANDO, FL, July 09, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving and communications technology, today reported that its Salt Lake City based Defense Engineering Services Business, Coda Octopus Colmek, recently received one of the orders that had been expected and delayed during the first six months of fiscal 2024. This order has a contract value of $906k and relates to one of the programs that it has been servicing for over 25 years.

Coda Octopus Group Reports $906k Engineering Services Order

Coda Octopus Group, Inc. (NASDAQ:CODA ) Q2 2024 Earnings Conference Call June 12, 2024 10:00 AM ET Company Participants Geoff Turner - IR Annmarie Gayle - Chair and Chief Executive Officer Gayle Jardine - Interim-CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners William Bremer - Vanquish Capital Partners Operator Good morning. Welcome to Coda Octopus' Group Second Quarter 2024 Earnings Call.

Coda Octopus Group, Inc. (CODA) Q2 2024 Earnings Call Transcript

ORLANDO, FL, May 29, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the election of Dr. Angus McFadzean to fill a vacancy created by the recent decision of the Board to expand the number of seats on the Company's Board. His election will become effective July 1, 2024.

Coda Octopus Group Elects Dr. Angus McFadzean to its Board of Directors

Orlando, FL, May 23, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Wednesday, June 12, 2024 at 10:00 a.m. Eastern time to discuss its results for its fiscal second quarter ended April 30, 2024 (“SQ2024”). A press release detailing these results will be issued before the open of trading on June 12, 2024.

Coda Octopus Group Sets Fiscal Second Quarter 2024 Earnings Conference Call for Wednesday, June 12, 2024, at 10 a.m. Eastern Time

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ORLANDO, FL, April 29, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that following successful field testing with its Navy customers, it has now launched a new Artificial Intelligence (AI)-based digital communication audio system, known as the Voice HUB-4.

Coda Octopus Group Announces Launch of AI-Based Digital Audio Communications System “Voice HUB-4” After Successful Tests with Naval Customers.

ORLANDO, FL, April 15, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the appointment of Gwenael Rouy Poirier to fill a vacancy created by the recent decision of the Board to expand the number of seats on the Company's Board.

Coda Octopus Group Appoints Gwenael Rouy Poirier to its Board of Directors

ORLANDO, FL, April 02, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that its Echoscope® technology is being used on the ongoing salvage operations.  The news highlighting this can be found here .

Coda Octopus Group Reports that its Echoscope® Technology used as the Primary Survey Tool in the Francis Scott Key Bridge ongoing salvage operations.

Coda Octopus Group, Inc. (CODA) Q1 2024 Earnings Call Transcript

ORLANDO, FL, March 18, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal first quarter ended January 31, 2024 (FQ2024).

Coda Octopus Group Reports Fiscal First Quarter 2024 Financial Results

Orlando, FL, March 08, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Monday, March 18, 2024 at 10:00 a.m. Eastern time to discuss its results for its fiscal first quarter ended January 31, 2024 (“FQ2024”). A press release detailing these results will be issued before the open of trading on the same day.

Coda Octopus Group, Inc., Sets Fiscal First Quarter 2024 Earnings Conference Call for Monday, March 18, 2024, at 10 a.m. Eastern Time

Coda Octopus Group, Inc. (CODA) Q4 2023 Earnings Call Transcript

ORLANDO, FL, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA) today reported its audited financial results for its fiscal year ended October 31, 2023 (FY2023).

Coda Octopus Group Reports Fiscal 2023 Financial Results

Orlando, FL, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Monday, January 29, 2024 at 10:00 a.m. Eastern time to discuss its results for its fiscal year ended October 31, 2023 (“FY2023”). A press release detailing these results will be issued before the open of trading on the same day.

Coda Octopus Group Sets Fiscal Year 2023 Earnings Conference Call for Monday, January 29, 2024 at 10 a.m. Eastern Time

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ORLANDO, FL, Sept. 18, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, is reporting an increase in purchase contract value under one of its subsidiary's longstanding key Defense Programs.

Coda Octopus Group Announces Increase in Scope of Supply Under Key Defense Program, Resulting in Increased Order Value

Coda Octopus Group, Inc. (NASDAQ:CODA ) Q3 2023 Earnings Conference Call September 13, 2023 10:00 AM ET Company Participants Jackie Keshner - Investor Relations, Gateway Group, Inc. Annmarie Gayle - Chair and Chief Executive Officer Gayle Jardine - Acting Chief Financial Officer Conference Call Participants Brian Kinstlinger - Alliance Global Partners Walter Ramsley - Walrus Partners William Bremer - Vanquish Capital Partners Operator Good morning, and welcome to Coda Octopus Group Third Quarter Fiscal Year 2023 Earnings Conference Call. My name is Sherry, and I will be your operator today.

Coda Octopus Group, Inc. (CODA) Q3 2023 Earnings Call Transcript

ORLANDO, FL, Sept. 13, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, today reported its unaudited financial results for its fiscal third quarter ended July 31, 2023 (TQ2023) and the nine months then ended (YTD 2023).

Coda Octopus Group Reports Fiscal Third Quarter 2023 Financial Results

ORLANDO, FL, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or “the Company”) (Nasdaq: CODA) today announced the appointment of John Price as its new chief financial officer (“CFO”), effective November 27, 2023. Mr. Price will be based at the Company's headquarters in Orlando, Florida.

Coda Octopus Group Announces the Appointment of New Chief Financial Officer, Mr. John Price

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British energy and technology group Octopus Energy (CODA) signed a deal to buy Shell Petroleum's (SHEL) home energy business in the U.K. and Germany on Friday.

Octopus Acquires Shell's UK and Germany Home Energy Business

Orlando, FL, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, will host a conference call on Wednesday, September 13, 2023 at 10:00 a.m. Eastern time to discuss its results for its third quarter ended July 31, 2023 (“TQ2023”). A press release detailing these results will be issued before the open of trading on the same day.

Coda Octopus Group Sets Fiscal Year 2023 Third Quarter Earnings Conference Call for Wednesday, September 13, 2023 at 10 a.m. Eastern Time

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