CODA Reports Q Revenue Growth to $7.27M
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."
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Coda Octopus Reports FY 2023 Earnings
- Earnings Highlights: Coda Octopus reported a GAAP EPS of $0.37 for FY 2023, indicating a significant improvement in profitability that enhances its competitive position in the market.
- Revenue Growth: The company achieved revenues of $26.6 million, reflecting a 31% year-over-year increase, which signals a rapidly rising market demand for Coda Octopus's emerging sonar technology.
- Technological Outlook: Coda Octopus's strategic focus on underwater augmented reality and sonar technology suggests that the company is poised to capture a larger market share in these high-growth sectors, further driving revenue growth.
- Investor Confidence: Seeking Alpha's Quant Rating on Coda Octopus indicates a positive market outlook for its future performance, potentially attracting more investor interest and enhancing stock price performance.
Coda Octopus to Announce FY Earnings on January 29
- Earnings Announcement: Coda Octopus is set to release its FY earnings on January 29 before market open, with expectations that its performance will positively impact stock prices.
- Earnings Expectations: The consensus EPS estimate stands at $0.34, reflecting a 6.3% year-over-year increase, indicating a steady improvement in the company's profitability that may attract more investor interest.
- Revenue Projections: Revenue is estimated at $25.82 million, representing a 27.1% year-over-year growth, showcasing Coda Octopus's strong growth potential in underwater AR and sonar technology, further solidifying its market position.
- Historical Performance: Over the past year, Coda Octopus has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, demonstrating its consistent performance stability and market confidence.
Coda Octopus Reports Modest Increase in Q3 Net Income
Quarterly Financial Performance: Coda Octopus reported a net income of $1.28 million for Q3, a slight increase from $1.27 million a year ago, with earnings per share remaining flat at $0.11.
Revenue Growth: The company experienced a 29% increase in total revenue, reaching approximately $7.1 million, with core business revenues rising by 30.7% to $4.0 million compared to the previous year.
Pre-Tax Income Decline: Pre-tax income decreased by 5.4% to about $1.5 million, down from $1.6 million in the same period last year.
Market Reaction: Shares of Coda Octopus rose by 5% in pre-market trading following the earnings report.
Coda Octopus (CODA) Q2 2025 Earnings Transcript
Author's Perspective: The views expressed in the article are solely those of the author and do not represent Nasdaq, Inc.
Data Limitation: The information is based on data available up to October 2023.
Coda Octopus Group Reports Fiscal Second Quarter 2025 Financial Results
Financial Performance: Coda Octopus Group reported a 31.8% increase in revenue for the fiscal second quarter of 2025, totaling approximately $7 million, despite challenges in the global policy environment and a decrease in rental revenue due to changes in U.S. energy policy.
Growth Strategy and Product Development: The company is focused on expanding its Diver Augmented Vision Display (DAVD) technology and has received significant orders, indicating a growing user base within the Navy, while also integrating new sensors to enhance their product offerings in the defense and commercial diving markets.
Coda Octopus Group Inc (CODA) Q2 2025: Everything You Need To Know Ahead Of Earnings
Earnings Release and Estimates: Coda Octopus Group Inc is set to release its Q2 2025 earnings on June 16, with revenue estimates of $4.47 million and earnings of $0.03 per share. Full year 2025 revenue is projected at $22.24 million, down from previous estimates.
Stock Performance and Recommendations: Following a strong performance in the previous quarter, where actual revenue exceeded expectations, the average target price for CODA is $8, indicating a potential upside of over 12%. The consensus recommendation is "Outperform" based on current analyst ratings.
Coda Octopus Reports FY 2023 Earnings
- Earnings Highlights: Coda Octopus reported a GAAP EPS of $0.37 for FY 2023, indicating a significant improvement in profitability that enhances its competitive position in the market.
- Revenue Growth: The company achieved revenues of $26.6 million, reflecting a 31% year-over-year increase, which signals a rapidly rising market demand for Coda Octopus's emerging sonar technology.
- Technological Outlook: Coda Octopus's strategic focus on underwater augmented reality and sonar technology suggests that the company is poised to capture a larger market share in these high-growth sectors, further driving revenue growth.
- Investor Confidence: Seeking Alpha's Quant Rating on Coda Octopus indicates a positive market outlook for its future performance, potentially attracting more investor interest and enhancing stock price performance.
Coda Octopus to Announce FY Earnings on January 29
- Earnings Announcement: Coda Octopus is set to release its FY earnings on January 29 before market open, with expectations that its performance will positively impact stock prices.
- Earnings Expectations: The consensus EPS estimate stands at $0.34, reflecting a 6.3% year-over-year increase, indicating a steady improvement in the company's profitability that may attract more investor interest.
- Revenue Projections: Revenue is estimated at $25.82 million, representing a 27.1% year-over-year growth, showcasing Coda Octopus's strong growth potential in underwater AR and sonar technology, further solidifying its market position.
- Historical Performance: Over the past year, Coda Octopus has beaten EPS estimates 100% of the time and revenue estimates 50% of the time, demonstrating its consistent performance stability and market confidence.
Coda Octopus Reports Modest Increase in Q3 Net Income
Quarterly Financial Performance: Coda Octopus reported a net income of $1.28 million for Q3, a slight increase from $1.27 million a year ago, with earnings per share remaining flat at $0.11.
Revenue Growth: The company experienced a 29% increase in total revenue, reaching approximately $7.1 million, with core business revenues rising by 30.7% to $4.0 million compared to the previous year.
Pre-Tax Income Decline: Pre-tax income decreased by 5.4% to about $1.5 million, down from $1.6 million in the same period last year.
Market Reaction: Shares of Coda Octopus rose by 5% in pre-market trading following the earnings report.
Coda Octopus (CODA) Q2 2025 Earnings Transcript
Author's Perspective: The views expressed in the article are solely those of the author and do not represent Nasdaq, Inc.
Data Limitation: The information is based on data available up to October 2023.
Coda Octopus Group Reports Fiscal Second Quarter 2025 Financial Results
Financial Performance: Coda Octopus Group reported a 31.8% increase in revenue for the fiscal second quarter of 2025, totaling approximately $7 million, despite challenges in the global policy environment and a decrease in rental revenue due to changes in U.S. energy policy.
Growth Strategy and Product Development: The company is focused on expanding its Diver Augmented Vision Display (DAVD) technology and has received significant orders, indicating a growing user base within the Navy, while also integrating new sensors to enhance their product offerings in the defense and commercial diving markets.
Coda Octopus Group Inc (CODA) Q2 2025: Everything You Need To Know Ahead Of Earnings
Earnings Release and Estimates: Coda Octopus Group Inc is set to release its Q2 2025 earnings on June 16, with revenue estimates of $4.47 million and earnings of $0.03 per share. Full year 2025 revenue is projected at $22.24 million, down from previous estimates.
Stock Performance and Recommendations: Following a strong performance in the previous quarter, where actual revenue exceeded expectations, the average target price for CODA is $8, indicating a potential upside of over 12%. The consensus recommendation is "Outperform" based on current analyst ratings.
