CODA Overview

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.

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.

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.

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.