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Coda Octopus Group Inc. (CODA) delivers innovative underwater technologies for defense, energy, and marine sectors. This news hub provides investors and industry professionals with essential updates about the company's advancements in subsea imaging, engineering solutions, and strategic developments.
Access authoritative coverage of CODA's press releases, including product innovations like the Echoscope® 4G sonar systems, defense contract awards, and financial performance updates. Our curated collection ensures timely access to material developments affecting marine technology markets.
Key updates include 3D sonar breakthroughs, engineering service expansions, and partnerships enhancing underwater data acquisition. Track regulatory filings, technology patents, and market expansion initiatives critical to CODA's position in underwater defense systems.
Bookmark this page for streamlined access to verified CODA developments. Combine technical expertise with financial insights to stay informed about this leader in marine technology solutions.
Coda Octopus Group (NASDAQ:CODA), a leader in real-time subsea imaging technology, reported strong fiscal Q3 2025 results with revenue increasing 29.0% to $7.1 million. The company's net income grew 0.7% to $1.28 million, with diluted EPS remaining steady at $0.11.
The Marine Technology Business saw a 30.7% revenue increase to $4.0 million, driven by a 103.6% surge in equipment sales. Notable achievements include delivering 16 DAVD untethered systems to the U.S. Navy and completing the DUS Hardening Program. The company successfully launched its new Echoscope PIPE NANO GEN SERIES®, targeting the growing defense and underwater robotics markets.
The company maintained a strong financial position with cash balance increasing to $26.2 million, up $3.7 million from October 2024. Gross margin was 68.3%, while operating margin decreased to 19.5% from 25.4% in the previous year.
Coda Octopus Group (NASDAQ:CODA) has launched its new Echoscope PIPE NANO GEN Series®, an ultra-small form factor series of real-time 3D/4D/5D/6D imaging sonars. The new technology, developed over two years, is specifically designed for smaller underwater vehicles, drones, diver platforms, and robotics.
The NANO GEN Series, comparable in size to a smartphone, maintains the same high-quality imaging capabilities as CODA's proven Echoscope PIPE® sonars while adding new forward-looking obstacle avoidance and spatial awareness features. The company has already conducted successful trials with key Defense customers and sees potential integration into various programs.
Coda Octopus Group (NASDAQ: CODA), a leader in real-time 3D/4D/5D and 6D imaging sonar technology, has scheduled its fiscal third quarter 2025 earnings conference call for Monday, September 15, 2025, at 10:00 a.m. Eastern Time.
The company will release its financial results for the quarter ended July 31, 2025, via press release before market open on the same day. Management will provide prepared remarks followed by a Q&A session. The call will be available for replay until September 29, 2025.
Coda Octopus Group (NASDAQ:CODA), a leader in subsea imaging sonar technology, announced that its subsidiary Precision Acoustics Limited has received ISO:17025 accreditation from the United Kingdom Accreditation Service (UKAS) for ultrasonic hydrophone calibration capabilities.
This prestigious certification makes Precision Acoustics one of only two organizations in the UK with this accreditation, alongside the National Physical Laboratory (NPL). The accreditation specifically covers "Ultrasonic Free-Field Sensitivity" measurements, which are crucial for markets requiring precision ultrasonic measurement and strict safety compliance, including medical ultrasound and defense applications.
Coda Octopus Group (NASDAQ: CODA) has secured a $1.5 million order for its DAVD tethered systems bundled with Echoscope® from the US Navy. The order expands DAVD technology deployment beyond the current nine naval commands. This follows a March 2025 order for 16 DAVD Untethered Systems for Special Operations Command.
The company has achieved a significant technological advancement with its new generation Head-Up-Display (HUD), featuring a 200% increase in resolution and expanded field of view. This improved design offers better compatibility with specialized dive helmets and masks, opening opportunities in previously underutilized markets. CODA is now focusing on expanding DAVD technology adoption to foreign navies and the commercial sector.
Coda Octopus Group (NASDAQ: CODA) has secured a $1.4 million engineering services order through its UK-based defense subsidiary, Coda Octopus Martech The order, received from a major UK Defense Contractor, is for sub-components that will be integrated into autonomous mine sweeping systems.
The company's Portland-based defense engineering division, established since 1988, maintains important pre-qualifications for participating in major defense contract programs. CEO Annmarie Gayle highlighted the acceleration of European Defense Programs and removal of contracting barriers, positioning Martech to potentially benefit from increased European defense spending initiatives.
Coda Octopus Group (NASDAQ: CODA) has secured two orders worth $1.3 million from the US Government through its Salt Lake City-based Defense Engineering Services Business, Coda Octopus Colmek. The orders are for proprietary parts serving as sub-components in a critical Defense program of record.
The direct contracting nature of these orders, bypassing the Prime contractor, opens possibilities for increased direct contract opportunities. This development marks a gradual easing of delays in U.S. Defense Programs that the company has been experiencing since fiscal year 2024.
The company aims to restore its Engineering Business to its pre-COVID revenue profile of $10 million through increased program participation and expanded supply of proprietary sub-components, including its tactical mission computers, Thermite®.
Coda Octopus Group (NASDAQ: CODA) reported strong financial results for fiscal Q1 2025. Total revenue increased 16.8% to $5.2 million, with net income rising 44.9% to $0.91 million. Earnings per share improved to $0.08 from $0.06 year-over-year.
The company received its first order worth $800,000 for 16 DAVD untethered systems (DUS), marking a significant milestone. These systems will be integrated into MK16 Underwater Breathing Apparatus for SPECWAR and EOD applications. The DUS system represents a substantial market opportunity, potentially serving 75% of U.S. Navy's 4,000 active divers and approximately 10,000 Public Safety divers.
Segment performance showed mixed results: Products revenue decreased 35.8% to $2.3 million, Services revenue increased 76.6% to $1.6 million, and the new Acoustic Sensors segment contributed $1.3 million. Gross margin slightly decreased to 65.8% from 69.2%. The company maintained a strong cash position of $22.54 million.
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