The earnings call showcased strong revenue growth and significant contributions from new business segments like Precision Acoustics. However, the call also highlighted challenges such as decreased gross profit margins and increased operating expenses. While the launch of the NanoGen series presents a promising opportunity, the underutilization of rental assets and decreased operating income are concerning.

Company Guidance

During Coda Octopus Group's second quarter fiscal 2025 earnings call, the company reported a 31.8% increase in revenue compared to the same period in 2024, reaching $7 million. The marine technology business, which represents 55.3% of consolidated revenue, saw a 10% increase in sales, with hardware sales rising by 65% to $3.3 million. The newly acquired Precision Acoustics Limited contributed 18.5% to consolidated revenue. However, operating income declined due to lower gross profit margins, which fell from 70.2% to 64.1%, primarily due to higher commission costs from increased sales in Asia and underutilization of rental assets. The company emphasized its growth strategy, focusing on expanding its market share in defense applications with its Echoscope and DAVD technologies, and announced the upcoming launch of the NanoGen series of 3D sonars. Despite increased operating expenses, Coda Octopus remains optimistic about future growth opportunities, particularly in defense and international markets.

Significant Revenue Growth

Revenue increased by 31.8% in the second quarter of 2025 compared to the same period in 2024, reaching $7 million.

Marine Technology Business Performance

Marine Technology business revenue increased by 10% in Q2 2025. Hardware sales increased by 65%, and sales to Asia rose by approximately 105%.

Launch of NanoGen Series

The upcoming launch of the NanoGen series, compact 3D sonars designed for smaller underwater vehicles, represents a significant advancement and is expected to address new market segments.

Precision Acoustics Contribution

The newly acquired Precision Acoustics business unit contributed 18.5% to the consolidated revenue and 13.4% to operating income in Q2 2025.

DAVD System Progress

The Diver Augmented Vision Display (DAVD) system saw orders of over $1.5 million in Q2 2025, expanding its user base within US Navy commands.

Coda Octopus Group (CODA) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CODA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 10, 2025	2025 (Q3)	0.09 / -	0.11	―	―	―
Jun 16, 2025	2025 (Q2)	0.03 / 0.08	0.13	-38.46% (-0.05)	―
Mar 17, 2025	2025 (Q1)	0.03 / 0.08	0.06	33.33% (+0.02)	―
Jan 29, 2025	2024 (Q4)	0.07 / 0.02	-0.02	200.00% (+0.04)	―
Sep 16, 2024	2024 (Q3)	0.10 / 0.11	0.09	22.22% (+0.02)	―
Jun 12, 2024	2024 (Q2)	0.05 / 0.13	0.09	44.44% (+0.04)	―
Mar 18, 2024	2024 (Q1)	0.01 / 0.06	0.12	-50.00% (-0.06)	―
Jan 29, 2024	2023 (Q4)	0.09 / -0.02	0.06	-133.33% (-0.08)	―
Sep 13, 2023	2023 (Q3)	0.12 / 0.09	0.16	-43.75% (-0.07)	―
Jun 14, 2023	2023 (Q2)	0.10 / 0.09	0.05	80.00% (+0.04)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CODA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 16, 2025	$7.73	$7.90	+2.20%
Mar 17, 2025	$6.62	$6.68	+0.91%
Jan 29, 2025	$8.38	$7.85	-6.32%
Sep 16, 2024	$7.05	$7.43	+5.39%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Coda Octopus Group Inc (CODA) report earnings?

Coda Octopus Group Inc (CODA) is schdueled to report earning on Sep 10, 2025, TBA (Confirmed).

What is Coda Octopus Group Inc (CODA) earnings time?

Coda Octopus Group Inc (CODA) earnings time is at Sep 10, 2025, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CODA EPS forecast?

CODA EPS forecast for the fiscal quarter 2025 (Q3) is 0.09.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing