John Deysher

Brian Kinstlinger

William Bremer

Andrew Scott

Richard Deutsch

Steve Emerson

- Coda Octopus Group reported **total revenue of $7.1 million** for Q3 2025, marking a **29.0% increase** compared to $5.5 million in Q3 2024.  **[1334325_2144439_8]**  This growth was primarily driven by a **30.7% increase** in the marine technology business revenue to **$4.0 million** and a **$1.5 million** contribution from the newly acquired Precision Acoustics Ltd.  **[1334325_2144439_8]** 
- The company's **operating income decreased by 0.8%** to **$1.38 million** in Q3 2025, compared to $1.39 million in Q3 2024, with the consolidated gross margin at **68.3%** versus 73.9% in the prior year period.  **[1334325_2144439_8]** 
- Coda Octopus Group launched its **NanoGen series** of ultra-small form factor 3D sonars and successfully delivered **16 DAVD untethered systems** to the U.S. Navy for special forces evaluation during Q3 2025.  **[1334325_2144439_1]** **[1334325_2144439_3]** **[1334325_2144439_10]** 
- The company anticipates **DAVD-related revenue to reach $4 million** for the current fiscal year, a significant increase from $1.2 million in the previous year, as it continues to focus on expanding its presence in the defense market.  **[1334325_2144439_11]** **[1334325_2144439_12]**

Coda Octopus Group Reports Q3 2025 Financial Results and Key Product Milestones

- Coda Octopus Group reported a **29.0% increase** in total revenue, reaching **$7.1 million** for its fiscal third quarter ended July 31, 2025 (TQ2025), up from $5.5 million in TQ2024.  **[1334325_1746eef33fe24a1da954e356db663b6b_2]** 
- Net income for TQ2025 increased by **0.7%** to **$1.28 million**, with diluted earnings per share remaining flat at **$0.11** compared to TQ2024.  **[1334325_1746eef33fe24a1da954e356db663b6b_2]** 
- The company delivered **16 DAVD untethered systems** to the U.S. Navy and completed final deliverables under the DAVD Hardening Program for a foreign navy in TQ2025.  **[1334325_1746eef33fe24a1da954e356db663b6b_0]** 
- DAVD and related sales for TQ2025 were approximately **$1.5 million**, with a fiscal year 2025 target of **$3.5 million to $4.0 million**.  **[1334325_1746eef33fe24a1da954e356db663b6b_0]** 
- The cash balance at the end of TQ2025 was **$26.2 million**, an increase of **$3.7 million** over October 31, 2024.  **[1334325_1746eef33fe24a1da954e356db663b6b_3]**

Coda Octopus Group (CODA)