CODA

Coda Octopus Group, Inc. (CODA) Q2 2026 Earnings Call Transcript

Coda Octopus Group, Inc. delivered improved operational performance and profitability, despite headline revenue softness driven by Marine Tech Business weakness. CODA's segment mix shifted toward high-margin services, with defense engineering up 38% y/y and precision acoustics up 17.5%, offsetting MTB's 26.8% decline. The balance sheet remains robust with $30.6m in cash, no long-term debt, and continued positive operating cash flow, supporting future growth.

Coda Octopus Group NASDAQ: CODA reported higher profit and improved margins for its fiscal second quarter despite a slight decline in revenue, as strength in its defense engineering and acoustic sensors businesses helped offset weakness in its core marine technology segment.

ORLANDO, FL, June 15, 2026 (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 augmented reality technology (DAVD), today reported its unaudited financial results for its fiscal second quarter ended April 30, 2026 (SQ2026). Annmarie Gayle, CODA's Chairman and CEO, commented: “I am pleased with our overall operating results for the second quarter of fiscal 2026, during which we delivered increases in both net income and earnings per share compared to the second quarter of fiscal 2025.

Orlando, FL, May 25, 2026 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and new generation augmented reality diving technology (“DAVD”), will host a conference call on Monday, June 15, 2026 at 10:00 a.m. Eastern time to discuss its results for its Fiscal Second Quarter 2026 ended April 30, 2026 (“SQ2026”). A press release detailing these results will be issued before the opening of trading on June 15, 2026.