The earnings call highlighted significant revenue growth and promising developments in new technology launches and market expansion. However, these positives were tempered by challenges such as decreased operating income, higher costs from exchange rate fluctuations, and increased operating expenses.

Company Guidance -

Q3 2025

During the second quarter of fiscal 2025, Coda Octopus Group reported a revenue increase of 31.8% compared to the previous year, totaling $7 million. The Marine Technology business, the core segment of the company, contributed $3.9 million, marking a 10% increase. Despite this growth, operating income decreased by 19.5% to $1.1 million, largely due to lower gross profit margins, which dropped from 70.2% to 64.1%. This decline was attributed to higher commission costs from increased hardware sales in Asia, coupled with lower rental asset utilization. The newly acquired Acoustic Sensors and Materials business contributed significantly, accounting for 18.5% of the total consolidated revenue. Additionally, the Marine Engineering business saw a modest revenue increase of 2.3%, with improved gross margins rising to 55.5%. The company's operating expenses rose to $3.4 million, influenced by the inclusion of Precision Acoustics and currency exchange fluctuations. Looking ahead, Coda Octopus is optimistic about its upcoming NanoGen series of 3D sonars, poised to capture emerging opportunities in the underwater vehicle markets. The DAVD system also showed promise, with orders worth $1.5 million in the second quarter, alongside ongoing trials for its untethered variant.

Significant Revenue Growth

Total revenue increased by 31.8% in Q2 2025 compared to Q2 2024, with the Marine Technology business revenue up by 10%.

Strong Performance in Asia

Hardware sales to Asia rose by approximately 105%, contributing significantly to overall revenue growth.

Launch of NanoGen Series

The upcoming launch of the NanoGen series, compact 3D sonars designed for smaller underwater vehicles, presents new market opportunities.

Increase in Marine Engineering Business

Revenue from the Marine Engineering business increased by 2.3%, with gross profit margin rising from 50.7% to 55.5%.

Introduction of Precision Acoustics Limited

The newly acquired business unit contributed 18.5% to consolidated revenue and 13.4% to operating income.

Growth in DAVD Orders

DAVD orders exceeded $1.5 million in Q2 2025, indicating growing adoption of the technology.

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.

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