Coda Octopus reports FY24 EPS 32c vs 28c last year

Reports FY24 revenue $20.3M vs $19.35M last year. Annmarie Gayle, CODA‘s Chairman and CEO, commented: “I am pleased with our overall financial performance in FY2024 as we increased revenue, gross profit margins, operating income, net income and earnings per share. We are also very pleased with the value we are creating for our shareholders by the deployment of our cash and in FY2024, we completed the first acquisition under our M&A Strategy. Furthermore, although our business was significantly affected by the funding constraints posed by the use of continuing resolutions for Defense Programs, we were able to pivot and mitigate the impact of reduced funding allocation under these programs, demonstrating the diversification and resilience of our revenue structure”.