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ORLANDO, FL, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today announced that its Marine Technology Business Unit ("Products Business") received an order for fifteen (15) of its new generation F280® GNSS Aided INS systems ("Motion products") valued at approximately $576,000 and which will be used in a foreign Navy Program. Annmarie Gayle, CODA's Chairman and CEO, commented: "We are very pleased to have received this order for this new foreign Navy Program. The F180 Series® (the predecessor product to ou
ORLANDO, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today announced that it has completed the acquisition of Precision Acoustics Limited, based in Dorchester, UK, in close proximity to the Company's subsidiary, Coda Octopus Martech Limited. Precision Acoustics was formed in 1997 and is well established as a leading technical authority to the MHz ultrasound and acoustic measurement markets and is a global leader in the field of hydrophone design and other acoustic-related technologies which have wid
ORLANDO, FL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal third quarter ended July 31, 2024 (TQ2024) and the nine months then ended (YTD2024). For TQ2024 revenues increased by 12.0% and we generated revenues of $5.5 million versus $4.9 million during the TQ2023. Operating income increased by 61.2% and was $1.4 million in TQ2024 versus $0.9 million. The increase in operating income is attributed to the increase in our revenue in
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ORLANDO, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today announced that it has completed the acquisition of Precision Acoustics Limited, based in Dorchester, UK, in close proximity to the Company's subsidiary, Coda Octopus Martech Limited. Precision Acoustics was formed in 1997 and is well established as a leading technical authority to the MHz ultrasound and acoustic measurement markets and is a global leader in the field of hydrophone design and other acoustic-related technologies which have wid
ORLANDO, FL, May 29, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the election of Dr. Angus McFadzean to fill a vacancy created by the recent decision of the Board to expand the number of seats on the Company's Board. His election will become effective July 1, 2024. Dr. McFadzean is one of the founders of Coda Technologies Limited in 1994 (now Coda Octopus Products Limited, which forms part of our Marine Technology Business) and has worked with our Marine Technology B
ORLANDO, FL, April 15, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and real time information platform diving technology, announced the appointment of Gwenael Rouy Poirier to fill a vacancy created by the recent decision of the Board to expand the number of seats on the Company's Board. Gwenael is an experienced business leader with over 27 years' experience, mostly in the Aerospace and Defense industries. Residing in Switzerland, his international career has taken him to live and work in several countries in Asia, to the USA and the
ORLANDO, FL, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal third quarter ended July 31, 2024 (TQ2024) and the nine months then ended (YTD2024). For TQ2024 revenues increased by 12.0% and we generated revenues of $5.5 million versus $4.9 million during the TQ2023. Operating income increased by 61.2% and was $1.4 million in TQ2024 versus $0.9 million. The increase in operating income is attributed to the increase in our revenue in
Orlando, FL, Aug. 28, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Monday, September 16, 2024 at 10:00 a.m. Eastern time to discuss its results for its fiscal third quarter ended July 31, 2024. A press release detailing these results will be issued before the open of trading on September 16, 2024. The Company's management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, September 16, 2024Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.
ORLANDO, FL, June 12, 2024 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving technology, today reported its unaudited financial results for its fiscal second quarter ended April 30, 2024 (SQ2024) and the six months then ended (YTD2024). For SQ2024 we generated revenues of $5.32 million versus $5.30 million during the SQ2023. Revenues were in line with our SQ2023 revenue despite government delays, which we believe are related to the upcoming US Presidential elections, resulting in funding gaps for many Defense Programs a
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8-K - Coda Octopus Group, Inc. (0001334325) (Filer)
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Coda Octopus Group (NASDAQ:CODA) reported quarterly earnings of $0.13 per share which beat the analyst consensus estimate of $0.05 by 160 percent. The company reported quarterly sales of $5.323 million which beat the analyst consensus estimate of $4.542 million by 17.20 percent. This is a 0.40 percent increase over sales of $5.302 million the same period last year.
Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ:CODA), a global market leader in 3D/4D/5D/6D imaging sonar technology for real time subsea intelligence and cutting-edge diving technology, today reported that following successful field testing with its Navy customers, it has now launched a new Artificial Intelligence (AI)-based digital communication audio system, known as the Voice HUB-4. Voice HUB-4 is a state-of-the-art system that greatly advances the current limited capability of underwater analogue audio communications by employing digital technology to provide the highest quality and fidelity of speech communication between divers and surface supervisor. Voice HUB-4, which is