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Coda Octopus Group Inc (CODA)
NASDAQ:CODA
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.07Last 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:Sep 16, 2024
|% Change Since: 28.65%
|Next Earnings Date:Feb 03, 2025
Earnings Call Sentiment|Neutral
Coda Octopus Group demonstrated strong revenue growth and improved profit margins in Q3 2024. However, challenges in the U.S. defense program due to election-year uncertainties and increased operating expenses were notable concerns. Overall, the company's strategic engagements and growth in specific segments reflect a positive outlook, despite some regional and geopolitical pressures.Company Guidance
During the third quarter of 2024, Coda Octopus Group provided guidance that highlighted a 12% increase in revenue compared to the third quarter of 2023, reaching $5.5 million. The Marine Technology Business saw a 6.5% revenue rise, while the Marine Engineering Business experienced a 19.8% increase. Gross profit margin improved to 73.9% from 68.8% in the previous year, with the Marine Technology Business achieving an 82.9% margin. The operating expenses rose to $2.7 million, with SG&A costs increasing by 11.7%. Despite challenges from U.S. defense program funding delays attributed to the upcoming presidential election, Coda Octopus remains optimistic about its growth strategy, which includes embedding technologies into defense programs, securing repeat sales, and exploring M&A opportunities to enhance group capabilities.Revenue Increase
Total revenue for Q3 2024 increased by 12% compared to Q3 2023, reaching $5.5 million.
Marine Technology Business Growth
Marine Technology Business revenue increased by 6.5% over Q3 2023.
Engineering Business Success
Engineering Business saw a revenue increase of 19.8% over Q3 2023, with a gross profit margin increase from 50% to 62.6%.
Gross Profit Margin Improvement
Overall gross profit margin improved to 73.9% from 68.8% in Q3 2023.
High-Impact Events Participation
Successful demonstration and engagement in major defense events, including Echoscope PIPE sonar technology and DAVD program.
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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 |
|---|---|---|---|
| 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% |
| Jan 29, 2024 | $6.18 | $5.36 | -13.27% |
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 Inc (CODA) report earnings?
Coda Octopus Group Inc (CODA) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Coda Octopus Group Inc (CODA) earnings time?
Coda Octopus Group Inc (CODA) earnings time is at Feb 03, 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 2024 (Q4) is $0.07.
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