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Stock impact report

Coda Octopus Group Reports $906k Engineering Services Order [Yahoo! Finance]

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: Yahoo! Finance
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. Annmarie Gayle, CODA's Chairman and CEO, commented: “I am very pleased to see some of the barriers we have experienced in respect of Defense procurement budgets being removed and that we have recently received this significant order which we have been anticipating since our first quarter. Deliveries under this contract will span the remainder of 2024. The Engineering Business is an important part of our Group, and we continue to execute against our strategy to restore this Business to its pre-COVID $10m revenue profile and this is one Show less Read more
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