Coda Octopus Group, Inc.
- Open
- 9.67
- Day high
- 9.67
- Day low
- 9.51
- Prev close
- 9.60
- Volume
- 132K
- Mkt cap
- $110M
- P/E (TTM)
- 22.6
- EPS (TTM)
- $0.42
- P/B
- 1.8
- P/S
- 3.9
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$1.3M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
Coda Octopus Group, Inc. (CODA) is a Industrials company listed on NASDAQ. The stock is up 20% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
Coda Octopus Group, Inc. (CODA) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CODA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 15, 2026 | $0.13 | $0.15 | +15.4% | $7M | -8.2% |
| Mar 17, 2026 | $0.06 | $0.08 | +33.3% | $7M | +7.8% |
| Sep 15, 2025 | $0.09 | $0.11 | +22.2% | $7M | +8.3% |
| Jun 16, 2025 | $0.03 | $0.08 | +166.7% | $7M | +14.0% |
| Mar 17, 2025 | $0.03 | $0.08 | +166.7% | $5M | -18.0% |
| Sep 16, 2024 | $0.10 | $0.11 | +10.0% | $5M | +3.9% |
| Jun 12, 2024 | $0.05 | $0.13 | +160.0% | $5M | +17.3% |
| Mar 18, 2024 | $0.01 | $0.06 | +500.0% | $4M | +11.8% |
| Sep 13, 2023 | $0.12 | $0.09 | -25.0% | $5M | -10.8% |
| Jun 14, 2023 | $0.10 | $0.09 | -10.0% | $5M | -8.4% |
| Mar 16, 2023 | $0.09 | $0.12 | +33.3% | $6M | +0.1% |
| Sep 14, 2022 | $0.07 | $0.16 | +128.6% | $6M | +6.3% |
CODA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 24, 2026 | HAMILTON MICHAEL J.director | Grant | 1,102 | — |
| Apr 20, 2026 | Emerson John Steven10 percent owner | Sell | 79,254 | $14.99 |
| Apr 20, 2026 | Emerson John Steven10 percent owner | Sell | 3,000 | $14.45 |
| Apr 20, 2026 | Emerson John Steven10 percent owner | Sell | 1,000 | $14.45 |
| Apr 10, 2026 | Jardine Gayle Michelleofficer: Interim CFO | Sell | 2,256 | $12.59 |
| Oct 3, 2025 | Sondergaard Niels10 percent owner | Sell | 150,000 | $8.15 |
| Sep 23, 2025 | Sondergaard Niels10 percent owner | Sell | 16,995 | $8.20 |
| Sep 23, 2025 | Sondergaard Niels10 percent owner | Sell | 32,362 | $8.23 |
| Sep 23, 2025 | Sondergaard Niels10 percent owner | Sell | 7,013 | $8.13 |
| Mar 18, 2025 | HAMILTON MICHAEL J.director | Grant | 2,266 | — |
| Jan 28, 2025 | Sondergaard Niels10 percent owner | Buy | 10,000 | — |
| Aug 12, 2024 | HAMILTON MICHAEL J.director | Grant | 2,508 | — |
| Oct 10, 2023 | Gayle Annmariedirector, 10 percent owner, officer: Chairman, CEO | Buy | 16,500 | $5.99 |
| Oct 10, 2023 | Sondergaard Niels10 percent owner | Buy | 16,500 | $5.99 |
| Sep 29, 2023 | RUNNELS G TYLERdirector, 10 percent owner: | Sell | 105,006 | $6.03 |
Source: CODA SEC Form 4 filings, latest Jun 24, 2026. For informational purposes only — not investment advice.
See the full CODA insider & 13F page →Coda Octopus Group, Inc. company profile
Overview
Coda Octopus Group, Inc. (NASDAQ:CODA) is a specialized technology company founded in 1994 and headquartered in Orlando, Florida, that develops and manufactures advanced underwater imaging and navigation systems. The company went public in 2001 and has evolved into a niche provider of sophisticated sonar technologies, underwater visualization systems, and marine engineering services primarily serving defense, offshore energy, and commercial marine markets worldwide.
Business
Coda Octopus operates in the underwater technology sector, developing specialized equipment for 3D imaging, mapping, defense applications, and marine surveys. The company's core business revolves around sophisticated sonar and underwater visualization technologies that enable users to "see" underwater in real-time with unprecedented clarity and detail. The company operates through two primary business segments. The Marine Technology Business represents approximately 63% of total revenue and focuses on developing and selling advanced underwater imaging systems. This segment's flagship product is the Echoscope series, which provides real-time 3D sonar imaging that allows operators to visualize underwater environments, objects, and structures with exceptional detail. The Echoscope technology is particularly valuable for underwater vehicle integration, cable installation monitoring for offshore wind projects, ship hull inspections, and defense applications. The company also offers the Diver Augmented Vision Display (DAVD) system, a revolutionary head-up display technology that provides divers with real-time sonar imagery, navigation data, and communication capabilities directly in their field of view. The Marine Engineering Business accounts for approximately 37% of revenue and provides specialized engineering services, custom underwater systems integration, and mission-critical components for defense and commercial marine applications. This segment includes the development of navigation systems, data acquisition software, and custom underwater technologies for specific client requirements. Additionally, the company offers complementary products including geophysical data acquisition systems, GNSS-aided navigation systems, and the CodaOctopus GeoSurvey suite of hardware and software solutions for underwater mapping and analysis. These products serve survey companies, offshore renewable energy developers, research institutions, salvage operations, and defense contractors globally.
Competitive moat
Coda Octopus possesses a moderate technological moat built primarily around its proprietary real-time 3D sonar imaging capabilities and specialized underwater visualization systems. The company's Echoscope technology represents a significant advancement over traditional sonar systems by providing real-time 3D imaging rather than conventional 2D sonar returns, creating a substantial performance advantage that is difficult to replicate quickly. The company's strongest competitive position lies in its specialized niche markets where technical expertise and proven performance are critical. The DAVD system, for example, represents a novel approach to diver augmentation that combines multiple technologies in a unique head-up display format. With the U.S. Navy having adopted this technology across nine commands, Coda Octopus has established important reference customers and operational validation that creates barriers for competitors. However, the moat has limitations. The company operates in relatively small, specialized markets that may not support multiple large competitors but also limit total addressable market size. Larger defense contractors with greater resources could potentially develop competing technologies, though the specialized nature of underwater acoustics and the time required for military qualification create some protection. The company's customer relationships and operational integration provide additional defensive characteristics, particularly in defense applications where switching costs are high due to training requirements, system integration complexity, and qualification processes. The rental business model also creates recurring customer relationships that strengthen market position. Potential disruption could come from larger defense technology companies deciding to enter these markets, advances in alternative underwater sensing technologies, or shifts in defense procurement priorities. However, the specialized technical knowledge required and the relatively small market size may limit the attractiveness of these markets to larger competitors.
Risks & safety
Coda Octopus demonstrates a strong financial safety profile with minimal solvency risk and conservative capital structure. • Liquidity Position: $22.5 million in cash and short-term investments with minimal debt (debt-to-equity ratio of 0.008), providing substantial financial flexibility • Current Ratio: 11.0x indicating excellent short-term liquidity coverage • Cash Flow: Positive operating cash flow of $2.45 million in fiscal 2024, though free cash flow was modest at $368,000 due to capital expenditures • Valuation Metrics: Trading at 26.1x P/E ratio and 16.5x EV/EBITDA, suggesting moderate valuation for a specialized technology company • Profitability: Consistent profitability with 18% net margin and 69.8% gross margins indicating strong operational efficiency • Revenue Stability: Some quarterly volatility due to project-based revenue recognition, but generally stable annual performance • Capital Requirements: Low capital intensity business model with minimal ongoing capital expenditure requirements
Recent development
Over the past few years, Coda Octopus has executed a focused strategy centered on advancing two core technologies while expanding through strategic acquisitions. The company has significantly developed its DAVD (Diver Augmented Vision Display) technology, transitioning from research and development into operational deployment across nine U.S. Navy commands. The development of an untethered DAVD system for special operations forces represents a major technological advancement, with management targeting $4.5 million in DAVD-related sales for fiscal 2025. The Echoscope technology has evolved through its fourth generation, with successful integration into multiple defense underwater vehicle programs and expansion into commercial applications including ship hull scanning and offshore wind cable installation monitoring. The company has strategically pivoted toward embedding these technologies into multi-year defense programs rather than pursuing one-off sales, creating more predictable revenue streams. Strategic acquisitions have become a key growth driver, with the company completing the acquisition of Precision Acoustics for $4.6 million in fiscal 2024 to expand its acoustic sensor capabilities. Management is actively pursuing additional acquisitions, with a potential $40 million target currently under evaluation to further expand the company's technological capabilities and market reach. The company has also focused on business model optimization, significantly growing its rental revenue by 84% in fiscal 2024 as customers increasingly prefer rental arrangements for project-specific deployments. This shift provides more predictable cash flows and higher asset utilization rates while maintaining strong margins.
CODA company profile · for informational purposes only — not investment advice.
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