Coda Octopus Group Reports Fiscal Second Quarter 2024 Financial Results [Yahoo! Finance]
Coda Octopus Group, Inc. - Common stock (CODA)
US:NASDAQ Investor Relations:
codaoctopusgroup.com
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Source: Yahoo! Finance
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 second quarter ended April 30, 2024 (SQ2024) and the six months then ended (YTD2024). For SQ2024 we generated revenues of $5.32 million versus $5.30 million during the SQ2023. Revenues were in line with our SQ2023 revenue despite government delays, which we believe are related to the upcoming US Presidential elections, resulting in funding gaps for many Defense Programs and therefore delays in placing orders. Both our Products segment and Engineering segment rely on receiving funding under US Defense Programs. We generated $1.4 million in operating income in SQ2024 versus $0.9 million in SQ 2023, an increase of 58%. The increase in operating income is attributed to operating efficiencies and a shift in revenues to higher margin rental services. The numbers below have been rounded to one decimal point (unless 2 decimal
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News
- Coda Octopus Group, Inc. (NASDAQ:CODA) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group Reports Fiscal Second Quarter 2024 Financial ResultsGlobeNewswire
- Coda Octopus Group Elects Dr. Angus McFadzean to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group Elects Dr. Angus McFadzean to its Board of DirectorsGlobeNewswire
- Coda Octopus Group Sets Fiscal Second Quarter 2024 Earnings Conference Call for Wednesday, June 12, 2024, at 10 a.m. Eastern Time [Yahoo! Finance]Yahoo! Finance
CODA
Sec Filings
- 6/12/24 - Form 10-Q
- 5/29/24 - Form 8-K
- 4/16/24 - Form 3
- CODA's page on the SEC website