Coda Octopus reports Q2 EPS 13c vs 9c last year

Reports Q2 revenue $5.323M vs $5.301M last year. “Management continues to focus on growing the Company while continuing to demonstrate that we run a solid and profitable business year-on-year,” said Annmarie Gayle, CODA‘s Chairman and CEO. “In our SQ2024, order intake from US Defense Programs was down, as a result of funding gaps created by the use of continuing resolutions to fund these programs. Notwithstanding, we were able to increase sales outside the US, and we believe that we have achieved good results with strong gross profit margins, increase in income before taxes and an increase in EPS. “