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.

Earnings data Q2 2024

Coda Octopus Reports Revenue Growth and Progress in Product Adoption

Coda Octopus Group demonstrated resilience with a revenue increase, strong cash position, and progress in product adoption. However, challenges in the Asian market and the need for strategic adjustments were highlighted. The company's focus on organic growth and ongoing recruitment efforts present opportunities for future expansion.

CODA reports Q2 revenue decline, eyes Asia for growth

CODA's Q2 2023 performance was impacted by low order intake and delays in receiving orders. However, the company remains focused on organic growth and profitability, with promising opportunities in Asia and the potential revenue impact of the DAVD in 2024.

CODA faces revenue challenges but sees growth opportunities in key markets

CODA's fiscal year 2023 faced revenue challenges due to macroeconomic and industry headwinds, but the company remains optimistic about its growth strategy and opportunities in key markets. The company's focus on growth pillars and confidence in its growth strategy, along with a healthy cash position, provide a foundation for future growth.

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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.

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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ORLANDO, FL, June 29, 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, announced the election by the Board of two new directors to fill vacancies as a result of the retirement of two directors. The Company is pleased to announce the appointments of Brigadier General Anthony J. Tata (US Army, Retired) and Robert Harcourt to its Board.

Coda Octopus Group Restructures its Board of Directors and Appoints Brigadier General Anthony J. Tata (Ret.

Coda Octopus Group's stock rose after Q1 2023 earnings results but dropped after Q2 2023 report, providing a potentially attractive entry point for investors. The company's growth plan focuses on its diver augmented vision display (DAVD) and Echoscope products. Despite the past financial performance, my forecast suggests an investment in Coda could provide a 20%+ return per year through 2027, but investors should closely monitor the growth story.

Coda Octopus: Valuation Is Now Reasonable, But Growth Remains A Concern

Coda Octopus Group, Inc. (NASDAQ:CODA ) Q2 2023 Earnings Conference Call June 14, 2023 10:00 AM ET Company Participants Jackie Keshner - Gateway Group, Inc. Annmarie Gayle - Chairman & CEO Gayle Jardine - Acting CFO Conference Call Participants Brian Kinstlinger - Alliance Global Partners Walter Ramsley - R-Squared David Wright - Henry Investment Trust Operator Good morning, and welcome to Coda Octopus Group's Second Quarter Fiscal Year 2023 Earnings Conference Call. My name is Christine, and I'll be your operator for today.

Coda Octopus Group, Inc. (CODA) Q2 2023 Earnings Call Transcript

ORLANDO, FL, June 14, 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 second quarter ended April 30, 2023 (SQ2023) and the six months then ended (YTD 2023).

Coda Octopus Group Reports Fiscal Second Quarter 2023 Financial Results

Orlando, FL, May 31, 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, will host a conference call on Wednesday, June 14, 2023 at 10:00 a.m. Eastern time to discuss its results for its second quarter ended April 30, 2023. A press release detailing these results will be issued before the opening of trading on the same day.

Coda Octopus Group Sets Fiscal Year 2023 Second Quarter Earnings Conference Call for Wednesday, June 14, 2023 at 10 a.m. Eastern Time

Coda Octopus Group has promising prospects with its volumetric real-time imaging sonar technology and Diver Augmented Vision Display (DAVD) system, which are gaining interest from the US Navy and other industries. Despite doubling its share price in the past year, CODA stock may still be undervalued due to potential underestimation of forward EBITDA estimates and 31% of market capitalization in cash. Risks include liquidity issues, supply chain disruptions, and dependence on specialized customers and the defense market, but the outlook for CODA's offerings remains promising.

Coda Octopus: Still Quite Attractive

ORLANDO, FL, May 05, 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, announced that its European Director of Finance, Gayle Jardine, has been appointed as Interim Chief Financial Officer, effective May 4, 2023. The Company's Chief Financial Officer, Nathan Parker, has departed from his role, effective May 3, 2023.

Coda Octopus Group Appoints Gayle Jardine as Interim Chief Financial Officer

Coda Octopus: DAVD To Drive Significant Growth, Stock Still Undervalued After 50% Jump

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