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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Coda Octopus Group
Coda Octopus Group (CODA) investor relations material
Coda Octopus Group Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary14 Sep, 2026
Executive summary
Consolidated revenue increased 9.2% year-over-year to $7.7 million, driven by strong Defense Engineering Services and Acoustic Sensors and Materials performance, offsetting a 15.2% decline in Marine Technology revenue due to geopolitical instability in the Middle East and Asia.
Net income for the quarter rose 8.3% to $1.4 million, with operating income up 11.1% and pre-tax income up 16%, despite a higher effective tax rate and increased income tax expense.
Diversified business model and new product launches, such as the NANO Gen Series and DAVD systems, supported growth and offset regional challenges.
Achieved a milestone by transitioning from an accumulated deficit to positive retained earnings for the first time.
Cash position increased by $3.0 million since October 31, 2025, reaching $31.7 million at quarter-end.
Financial highlights
Total revenue was $7.7 million, up from $7.1 million in Q3 2025, with gross profit at $5.1 million and a consolidated gross margin of 65.4% (down from 68.3% year-over-year).
Operating income was $1.5 million (19.9% margin), net income after tax was $1.4 million ($0.12 per diluted share), and pre-tax income was $1.8 million.
Cash and cash equivalents stood at $31.7 million, with no debt and working capital of $49.2 million.
R&D expenditures increased 27.4% to $0.7 million; SG&A expenses were $2.8 million, representing 36.1% of revenue (down from 40.6% year-over-year).
Quarterly EPS was $0.12 (basic and diluted), up from $0.11 in the prior year.
Outlook and guidance
Management expects continued impact from geopolitical instability in the Middle East, global trade policy volatility, and foreign currency fluctuations on customer demand and project timing.
Sufficient liquidity is anticipated for the next twelve months, but projections are subject to substantial uncertainty due to macroeconomic and geopolitical risks.
Continued focus on expanding adoption of proprietary underwater technologies in defense and autonomous vehicle markets.
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Latest events from Coda Octopus Group
- Directors, auditor, and executive pay were approved; final results to be filed in Form 8-K.CODA
AGM 2026 - Annual meeting to vote on directors, auditor, and executive pay, emphasizing governance and compliance.CODAProxy filing
- Annual meeting to vote on directors, auditor, and executive pay, emphasizing governance and oversight.CODAProxy filing
- Patented real-time 3D sonar and diving tech drive growth and profitability across global markets.CODACorporate presentation
- Net income surged 86.8% to $1.7M as margins rose and defense revenue grew 37.9%.CODAQ2 2026
- Disruptive underwater tech and recurring defense revenues drive growth and profitability.CODACorporate presentation
- Revenue up 30.7% to $26.6M, with strong net income and new tech fueling defense growth.CODAQ4 2025
- Revenue up 29% to $7.1M, DAVD and PAL boost growth, cash at $26.2M despite margin pressure.CODAQ3 2025
- FY24 revenue up 5% to $20.3M; DAVD and Echoscope drive growth amid defense funding delays.CODAQ4 2024
Next Coda Octopus Group earnings date
Q4 202629 Jan, 2027
Coda Octopus Group
Next Coda Octopus Group earnings date
Q4 202629 Jan, 2027
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Frequently asked questions
Coda Octopus Group Inc., together with its subsidiaries, develops and sells underwater technologies and equipment for 3D imaging, mapping, defense, and survey applications in the Americas, Europe, Australia, Asia, the Middle East, and Africa. It also develops curved projection systems that can be integrated into optical-integrated imaging sensors or other optical designs to enable full-spherical 360° view of the surroundings of a vessel. The company offers depth sounders using both acoustic and electric line-scanning; sonars for navigation including navigation virtual repeaters for remote positioning systems (RPAS); acoustic modems; collision avoidance systems; illumination lights; external lighting syste. Coda Octopus Group, Inc. was founded in 1994 and is headquartered in Orlando, Florida.