Coda Octopus Group (CODA)
NASDAQ:CODA
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Earnings Data
Report Date
Sep 16, 2026TBA (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.12Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
Overall the call presents a positive operational and financial picture: strong profit and margin expansion, improved cash position with no debt, meaningful product milestones (DAVID Approved for Navy Use) and initial NanoGen traction, and solid growth in the defense services and acoustics revenue. These positives are tempered by a pronounced decline in the Marine Technology revenue (notably hardware sales), geopolitical headwinds impacting Middle East/Asia demand, margin compression in the acoustics segment due to sales mix, and timing uncertainties around some defense procurements and product evaluations. On balance, the favorable profitability, cash strength and strategic technology milestones outweigh the near-term revenue and regional demand challenges.Company Guidance
Improved Profitability and Margins
Net income rose to $1.7M (Q2 FY26) from $0.9M (Q2 FY25), an increase of ~88.9%, and diluted EPS increased to $0.15 from $0.08 (+87.5%). Operating income increased 64.8% to $1.8M and operating margin expanded to 26.0% from 15.5% (+10.5 percentage points). Consolidated gross profit increased to $4.6M from $4.5M and consolidated gross margin improved to 66.3% from 64.1% (+2.2 percentage points).
Strong Cash Position and No Debt
Cash and cash equivalents of $30.6M as of 04/30/2026, up $1.9M from 10/31/2025, and the company carries no debt, supporting financial flexibility.
Defense Engineering Services Growth
Defense engineering services revenue increased 37.9% to $2.5M (from $1.8M), with gross margin improving to 57.2% from 55.5%, driven by higher activity in the UK and long-standing prime contractor relationships.
Acoustics, Sensors & Materials Revenue Increase
Revenue in the acoustics, sensors, and materials business rose 17.5% to $1.5M (from $1.3M), reflecting broader global demand for these solutions.
Marine Technology Rental Revenue Surge and Margin Upside
Rental revenue in the Marine Technology business increased by 351.1% to approximately $700k (from ~$200k), contributing to a marine business gross margin increase to 77.0% from 67.7% (+9.3 percentage points).
Major Product and Market Milestones — DAVID Approved for Navy Use
The DAVID untethered system received 'Approved for Navy Use' status, enabling fleet-wide procurement and fielding of 20 previously issued untethered systems and positioning the product for broader adoption and anticipated orders in Q3.
Initial NanoGen Orders and Growing OEM Engagement
Received initial order(s) for NanoGen ultra-miniaturized 3D sonars for integration into an established vehicle program (initial units delivered and revenue included in the quarter). Company reports multiple vehicle integration opportunities across US and European defense markets with 2-3 at advanced stages.
Operating Expense and SG&A Reduction
Total operating expenses decreased 18.3% to $2.8M (from $3.4M). SG&A declined 21.4% to $2.1M (from $2.7M) and SG&A as a percent of revenue improved to 30.9% from 38.8%, driven by favorable FX, lower employee-related costs and reduced stock-based compensation.
Active M&A Pipeline
Management is actively pursuing M&A and disclosed two active opportunities in due diligence with the intention to close a strategic transaction in fiscal year 2026 while maintaining disciplined diligence.
CODA Earnings History
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 15, 2026 | $10.92 | $9.33 | -14.56% |
Mar 17, 2026 | $13.62 | $13.76 | +1.03% |
Jan 29, 2026 | $9.91 | $10.87 | +9.69% |
Sep 15, 2025 | $8.76 | $8.14 | -7.08% |
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 (CODA) report earnings?
Coda Octopus Group (CODA) is schdueled to report earning on Sep 16, 2026, TBA (Confirmed).
What is Coda Octopus Group (CODA) earnings time?
Coda Octopus Group (CODA) earnings time is at Sep 16, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is CODA EPS forecast?
CODA EPS forecast for the fiscal quarter 2026 (Q3) is 0.12.