Coda Octopus Group (NASDAQ:CODA) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Coda Octopus Group (NASDAQ:CODA) issued its earnings results on Tuesday. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02, FiscalAI reports. The firm had revenue of $6.71 million for the quarter, compared to analysts’ expectations of $6.23 million. Coda Octopus Group had a net margin of 14.78% and a return on equity of 7.27%.

Here are the key takeaways from Coda Octopus Group’s conference call:

• Revenue rose 28.8% year-over-year to $6.7M with operating income up 52.6%, and the company ended the quarter with $30.5M in cash and no debt.
• The DAVD untethered system has been delivered for Navy safety qualification and management expects ANU (authorization for Navy use) in Q2 2026, a key prerequisite for broader military adoption.
• The new NanoGen ultra-compact 3D sonar is generating strong momentum and the company expects initial small-batch PIP (product improvement program) purchases in Q3–Q4 2026, positioning Nano as an AI-ready sensor for UUVs and multi-mission use.
• The defense engineering services unit is experiencing contract award delays because many programs remain under continuing resolutions and pending appropriations, which is slowing near-term revenue recognition.
• Management is pursuing M&A and aims to pivot the marine technology business toward multi-year, program-based recurring revenue, but the timing and impact of acquisitions remain uncertain.

Coda Octopus Group Trading Down 6.4%

Shares of NASDAQ CODA opened at $12.88 on Thursday. Coda Octopus Group has a 12-month low of $5.76 and a 12-month high of $17.28. The company has a market cap of $145.16 million, a PE ratio of 35.78 and a beta of 0.51. The stock has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $10.14.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CODA. Weiss Ratings reiterated a “hold (c+)” rating on shares of Coda Octopus Group in a research report on Monday, December 29th. Alliance Global Partners restated a “buy” rating on shares of Coda Octopus Group in a research note on Monday, February 9th. Finally, Wall Street Zen lowered Coda Octopus Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Institutional Trading of Coda Octopus Group

Several hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE boosted its position in Coda Octopus Group by 5,475.0% during the 3rd quarter. Bank of America Corp DE now owns 3,122 shares of the company’s stock worth $25,000 after acquiring an additional 3,066 shares during the period. Marshall Wace LLP bought a new stake in shares of Coda Octopus Group during the second quarter valued at about $104,000. Quadrature Capital Ltd acquired a new stake in Coda Octopus Group in the fourth quarter worth about $104,000. Trexquant Investment LP acquired a new stake in Coda Octopus Group in the fourth quarter worth about $106,000. Finally, Jane Street Group LLC bought a new position in Coda Octopus Group in the 4th quarter valued at about $122,000. Institutional investors own 20.12% of the company’s stock.

Coda Octopus Group Company Profile

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.