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Coda Octopus Group (CODA)
:CODA
Earnings Data
Report Date
Mar 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -5.97%
|Next Earnings Date:Mar 12, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted a modest revenue growth, significant increases in rental and equipment sales in strategic regions, and improvements in gross profit and operating income. However, these positive outcomes were offset by challenges in the US defense market, engineering business setbacks, and increased tax expenses. The acquisition of Precision Acoustics is seen as a strategic move to bolster future growth despite current market headwinds.Company Guidance
During the Coda Octopus Group's Fiscal Year 2024 earnings call, the company reported a 5% increase in total revenue, reaching $20.3 million, compared to $19.4 million in fiscal year 2023. The Marine Technology business saw significant growth, with rental revenue increasing by 84.1% to $2.32 million and equipment sales in Asia rising by 19% to $5.47 million. However, revenue from the U.S. defense programs decreased by 33.4% due to funding constraints, totaling $2.83 million. The engineering business also experienced a 3.8% revenue increase, despite challenges in U.S. defense funding. Overall, the gross profit margin improved to 69.8%, with operating income rising by 30.8% to $3.6 million. The company's strategic focus remains on its growth pillars, including the Echoscope and DAVD technologies, and it anticipates further expansion through its recent acquisition of Precision Acoustics Limited.Revenue Growth
Total revenue for fiscal year 2024 increased by 5% to $20.3 million compared to $19.4 million in fiscal year 2023.
Marine Technology Rental Revenue Increase
Rental revenue increased by 84.1%, reaching $2.32 million compared to $1.26 million in fiscal year 2023.
Equipment Sales in Asia
Equipment sales in Asia rose by 19%, amounting to $5.47 million compared to $4.60 million in fiscal year 2023.
Gross Profit and Margin Increase
Gross profit increased to $14.2 million with a gross margin of 69.8% compared to 67.3% in the prior year.
Operating Income and Margin
Operating income increased by 30.8% to $3.6 million with an operating margin of 17.6% compared to 14.2% in the prior year.
Acquisition of Precision Acoustics
Acquisition added expertise in ultrasound and acoustic measurement, with expected revenue of approximately $5 million and margins of 52%.
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CODA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CODA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $8.38 | $7.85 | -6.32% |
| Sep 16, 2024 | $7.05 | $7.43 | +5.39% |
| Jun 12, 2024 | $6.49 | $6.51 | +0.31% |
| Mar 18, 2024 | $5.51 | $5.50 | -0.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Coda Octopus Group (CODA) report earnings?
Coda Octopus Group (CODA) is schdueled to report earning on Mar 12, 2025, TBA Not Confirmed.
What is Coda Octopus Group (CODA) earnings time?
Coda Octopus Group (CODA) earnings time is at Mar 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CODA EPS forecast?
CODA EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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