Education
About Us
Working with TipRanks
Follow Us
Coda Octopus Group Inc (CODA)
NASDAQ:CODA
Earnings Data
Report Date
Jun 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
0.13Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -6.95%
|Next Earnings Date:Jun 11, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue growth and strategic advancements, particularly in engineering and new business acquisitions. However, it also pointed out challenges in the Marine Technology sector due to global policy uncertainties and reduced defense spending. Overall, the positives appear to balance the negatives, with strategic initiatives showing promise for future growth.Company Guidance
During Coda Octopus Group's first quarter fiscal 2025 earnings call, the company announced a 16.8% increase in total revenue, reaching $5.2 million, compared to $4.5 million in the same period of 2024. The Marine Technology business faced a 35.8% revenue decrease, while the Engineering business saw a 77% increase. The newly acquired Acoustic Sensors & Materials business contributed 25.2% to consolidated revenue and 33.3% to operating income. Gross profit rose to $3.4 million with a margin of 65.8%, slightly down from 69.2% the previous year. Operating expenses increased to $2.8 million. Operating income improved by 19.2% to $0.7 million, and net income grew to $0.91 million, or $0.08 per diluted share. The cash position was strong at $22.54 million with no debt. A major highlight was the $800,000 order for 16 untethered DAVD systems, signaling potential growth in defense applications, despite global policy uncertainties impacting some business sectors.Significant Revenue Growth
Total revenue for the first quarter of 2025 increased by 16.8% to $5.2 million compared to $4.5 million in the first quarter of 2024.
Strong Performance of Engineering Business
The Engineering business revenue increased by 77% in the first quarter of 2025.
Contribution of Precision Acoustics Limited
The newly acquired business unit, Precision Acoustics Limited, contributed 25.2% to consolidated revenue and 33.3% to operating income.
DAVD Technology Developments
Received first order for approximately $800,000 for 16 DUS systems under the DAVD program, indicating strong progress and potential for future adoption.
Healthy Financial Position
As of January 31, 2025, the company had $22.54 million in cash and cash equivalents with no debt.
---
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
---
CODA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | $6.62 | $6.68 | +0.91% |
| 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% |
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.
---
FAQ
When does Coda Octopus Group Inc (CODA) report earnings?
Coda Octopus Group Inc (CODA) is schdueled to report earning on Jun 11, 2025, TBA Not Confirmed.
What is Coda Octopus Group Inc (CODA) earnings time?
Coda Octopus Group Inc (CODA) earnings time is at Jun 11, 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 (Q2) is 0.03.
---