CODA revenue Octopus Q3 Jumping 29 Piernt | Motley fool
CODA OCTOPUS GROUP(Coda -7.03%) The earnings for the third quarter of the fiscal year 2025 were announced on September 15, 2025, with revenues rising year -on -year by $ 29% to $ 7.1 million and maintained net income to stable to $ 1.28 million ($ 0.11 per slate). The basic yields of marine technology increased by 30.7% year -on -year, which were led by the sale of hardware, while the recent acquisition of accurate acoustics contributed 20.6% of consolidated income. The key milestones of the product, the main defensive commitments and the ongoing strategies of mergers and acquisitions signal clear long -term shifts in growth strategy and market focus.
Sales of hardware accelerates in CODA Octopus Marine technology
Precision Acoustics, acquired in October 2024, added the group’s revenue and operating revenues, while the sale of hardware for marine technology increased by 103.6% to $ 2.7 million. The rental activity remained weak because of lower US recovery financing, with hardware displacement compensated by some lost income services.
“The sales of hardware increased by $ 103.6% and in the third quarter of 2024 it was $ 2.7 million compared to $ 1.3 million. Sales of hardware to Asia decreased by approximately $ 27.9% and decreased by $ 1.5 million in the third quarter of 2024.Shell(NYSE: Shel),Orsted(CPH: ORSSTED), andCOP(NYSE: BP). “
– Annmarie Gayle, CEO
The shift from rent to hardware sales increases short -term revenue, but compresses gross margins, as shown in maritime technology store, where the gross margin of 77% compared to 82.9% earlier, emphasizing the resistance to the end market conditions and product mix risks.
Acceptance of defense increases for key CODA Octopus technology
Coda Octopus launched a highly miniaturized Sonar nanogens of the Echoscope Pipe, achieved integration experiments with us and international sailors, while launching David Unthered to special forces. Q3 meant the first European European David Order and an advanced living mission in the US and abroad.
“First, the initial order of 16 complete David Untothered Systems received in Q1 has been successfully delivered in the quarter. And now it is ready to evaluate the fleet by American special forces. These systems are the culmination trajectory.
– Blair Cunningham, President of Technology and Director
The successful transition from development to deployment of operating defense significantly increases the likelihood of the recurring Multi-Yéar defense program, which has returned and relieves relying on cyclic commercial and renting.
Precision Acoustics Drives Coda Octopus returned diversification
Precision Acoustics, integrated into the Group in October 2024, contributed $ 1.5 million to income and $ 800,000 to a large profit, which represents 20.6% of consolidated return and 18% of operating income. Precision Acoustics brought a rough margin of 54.8%, lower than marine technology and expanded addressable markets and diversity of end users.
“Now we will turn to the main points concerning the newly acquired Pretoustics Limited business unit. In the third quarter, this newly added business unit contributed 20.6% to our network and 18% to our Operating Incom.
– Annmarie Gayle, CEO
This acquisition equals a group against volatility on individual trading lines and unlocks access to ever -large and more technological defense opportunities in the underwater acoustic sector.
We look forward to seeing ahead
Management David Product Line expects revenues to reach approximately $ 4 million in FY2025, from $ 1.2 million in FY2024. In the fourth quarter there are three additional nanogens tests with us and international naval forces. The company will continue to perform fusion and acquisitions as the main strategic priority and wait for the results of four waiting for the US Ministry of Defense Programs for integrated technologies David and Echoscope.
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