Coda Octopus Group Reports Fiscal Third Quarter 2026 Financial Results
Coda Octopus Group reported fiscal Q3 2026 revenue of approximately $7.7 million, up 9.2% year-over-year, with diluted EPS of $0.12 versus $0.11 a year earlier. The core Marine Technology segment fell 15.2% to $3.4 million on geopolitical disruption in the Middle East and Asia, but Defense Engineering Services surged 68.3% to $2.7 million and the Acoustics Sensors and Materials business grew 10.4%. Operating income rose 11.1% to $1.5 million and pre-tax income rose 16.0% to approximately $1.8 million, though gross margin slipped to 65.4% from 68.3% on sales mix.
Key figures
- Eps
- 0.12
- Revenue
- 7717469
- Revenue Yoy
- 9.2%
- Net income
- 1389612
- Cash balance
- 31714519
- Gross margin
- 65.4%
- Gross profit
- 5050294
- Acoustics yoy
- +10.4%
- Pretax income
- 1791351
- Operating income
- 1533275
- Operating margin
- 19.9%
- Acoustics revenue
- 1600000
- Nine month revenue
- 21331593
- Marine technology yoy
- -15.2%
- Nine month net income
- 4018145
- Davd orders in quarter
- 1400000
- Defense engineering yoy
- +68.3%
- Marine technology revenue
- 3400000
- Defense engineering revenue
- 2700000
AI analysis
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