Coda Octopus Group Reports Fiscal Third Quarter 2024 Financial Results
Coda Octopus Group, Inc. - Common stock (CODA)
US:NASDAQ Investor Relations:
codaoctopusgroup.com
Company Research
Source: GlobeNewswire
ORLANDO, FL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in real-time 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 third quarter ended July 31, 2024 (TQ2024) and the nine months then ended (YTD2024). For TQ2024 revenues increased by 12.0% and we generated revenues of $5.5 million versus $4.9 million during the TQ2023. Operating income increased by 61.2% and was $1.4 million in TQ2024 versus $0.9 million. The increase in operating income is attributed to the increase in our revenue in conjunction with higher gross profit margins driven by the mix of sales including a higher utilization of our rental assets during the TQ2024. The numbers below have been rounded to one decimal point (unless 2 decimal places required to differentiate). The full TQ2024 and YTD financials
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News
- Coda Octopus Group, Inc. (CODA) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- Coda Octopus Group (NASDAQ:CODA) investors are sitting on a loss of 26% if they invested five years ago [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group Sets Fiscal Third Quarter 2024 Earnings Conference Call for Monday, September 16, 2024, at 10 a.m. Eastern TimeGlobeNewswire
- Coda Octopus Group Reports $906k Engineering Services Order [Yahoo! Finance]Yahoo! Finance
- Coda Octopus Group Reports $906k Engineering Services OrderGlobeNewswire
CODA
Sec Filings
- 9/26/24 - Form SC
- 9/16/24 - Form 10-Q
- 9/9/24 - Form 8-K
- CODA's page on the SEC website