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Coda Octopus Group (CODA) investor relations material
Coda Octopus Group Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue for Q3 2025 increased by 29% year-over-year to $7.1 million, driven by strong growth in the marine technology segment and contributions from the newly acquired Precision Acoustics/PAL business.
Net income for the quarter was $1.28 million ($0.11 per diluted share), up 0.7% year-over-year, with a net margin of 18.2%.
The marine technology business generated 56.4% of net revenue, with hardware sales surging by 103.6% year-over-year.
Key milestones included delivery of 16 DAVD untethered systems to U.S. special forces, launch of the NanoGen sonar series, and first foreign navy order for DAVD.
Precision Acoustics/PAL contributed 20.6% of net revenue and 18% of operating income, enhancing diversification.
Financial highlights
Total Q3 2025 revenue was $7.1 million, up from $5.5 million in Q3 2024 (29% increase).
Gross profit rose to $4.8 million (from $4.0 million), but consolidated gross margin declined to 68.3% from 73.9% due to sales mix and new segment integration.
Operating income was $1.38 million, nearly flat year-over-year, with operating margin at 19.5% (down from 25.4%).
Net income was $1.28 million ($0.11 per diluted share), compared to $1.27 million ($0.11) in Q3 2024.
Cash and cash equivalents stood at $26.2 million with no debt as of July 31, 2025.
Outlook and guidance
DAVD product line expected to reach $3.5–$4 million in revenue for fiscal 2025, up from $1.2 million last year.
Management anticipates volatility from global economic and policy changes but sees long-term growth in defense and energy markets.
Continued focus on expanding defense market share, executing M&A strategy, and integrating DAVD and Echoscope technologies into new platforms.
Increased focus on oil & gas expected to offset reduced offshore renewables revenue.
Company believes it has sufficient liquidity for the next twelve months.
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