CODA News & Events

Coda Octopus files $100M mixed securities shelf

Reports Q1 revenue $6.7M vs. $5.21M last year. CEO Annmarie Gayle commented: "I am pleased with our overall results of operations in FQ2026, especially the increase in revenue by 28.8%. Notable factors in our FQ2026 are that all our business units increased revenue in the FQ2026 period. Our core business, the Marine Technology Business increased revenue by 47.4% or approximately $1M over the FQ2025 Period. In the FQ2026, this segment's revenue mix had a bias towards Echoscope sales, reflecting an increase in sales from the strategic region of Asia by 63.4% to approximately $2.6M compared to $1.5M in the FQ2025."

Reports Q revenue $7.27M vs $5.055M last year. Annmarie Gayle, CODA's Chairman and CEO, commented: "I am pleased with our overall results of operations in FY2025, especially the increase in our consolidated net revenue, operating income, pre-tax income and earnings per share. Both our Core Business and the Defense Engineering Business saw an increase in financial performance and Precision Acoustics Limited, which was acquired on October 29, 2024, delivered a very strong performance on a full year basis and achieved the qualifying conditions for the year one earn out payments."