Coda Octopus Group Reports Strong Revenue Growth

Coda Octopus Group ( (CODA) ) has released its Q2 earnings. Here is a breakdown of the information Coda Octopus Group presented to its investors.

Coda Octopus Group, Inc., a leader in real-time subsea imaging sonar technology and diving solutions, operates in the underwater/subsea market, providing advanced hardware and software solutions. In its fiscal second quarter of 2025, Coda Octopus Group reported a 31.8% increase in total revenue, reaching approximately $7.0 million, driven by growth across all business units. The company’s Marine Technology Business saw a 10% increase in revenue, while its newly acquired Acoustics Sensors and Material segment contributed $1.3 million. Despite the revenue growth, the company experienced a decline in operating income and net income due to increased operating expenses and a shift in revenue mix. The company continues to focus on its Diver Augmented Vision Display (DAVD) program, which has garnered significant interest from military and public safety sectors, and expects further adoption of its untethered systems. Looking ahead, Coda Octopus Group remains optimistic about its growth prospects, particularly in defense spending and the transition to oil and gas markets, which are expected to offset challenges in the renewable energy sector.