Underwater sonar tech firm Coda Octopus' Q3 revenue up 29%

Coda Octopus

15/09/2025 12:11

Overview

Coda Octopus fiscal Q3 revenue grows 29% yr/yr

Company's Marine Technology Business revenue rises 30.7%, Marine Engineering declines

Gross margin falls to 68.3% from 73.9% due to business mix changes

Outlook

Company expects DAVD sales of $3.5 mln-$4.0 mln for fiscal year 2025

Coda Octopus anticipates U.S. energy policy shift to favor its products

Company sees potential in Echoscope PIPE NANO GEN Series for defense markets

Result Drivers

DAVD PROGRAM - Significant progress in DAVD program with deliveries to U.S. Navy and foreign navy, contributing to revenue growth

MARINE TECHNOLOGY - Marine Technology Business revenue increased by 30.7%, driven by equipment sales

ENGINEERING DECLINE - Marine Engineering Business revenue declined by 33.2%, impacting overall performance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$1.50 mln
$6.76 mln (1 Analyst)
Q3 EPS
$0.11
Q3 Net Income
$1.28 mln
Q3 Gross Profit
$4.80 mln
Q3 Operating Margin
19.5%
Q3 Pretax Profit
$1.50 mln


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for Coda Octopus Group Inc is $10.00, about 12.4% above its September 12 closing price of $8.76

The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 20 three months ago

Press Release: ID:nGNXgdlCc

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)