Quarterly ResultJun 15, 2026, 07:06 AM
Coda Octopus Group Q2 Net Income Jumps to $1.70M; Revenue Up 11% YTD
AI Summary
Coda Octopus Group, Inc. (CODA) reported a substantial increase in net income for the three and six months ended April 30, 2026. Net income for the quarter rose to $1.70 million from $0.91 million year-over-year, and for the six-month period, it increased to $2.63 million from $1.82 million. While net revenues saw a slight dip in the quarter to $6.90 million from $7.02 million, they grew for the six-month period to $13.61 million from $12.23 million. The company also saw growth in total assets and stockholders' equity, alongside a reduction in total liabilities.
Key Highlights
- Coda Octopus Group reported net income of $1.70M for the three months ended April 30, 2026, a significant increase from $0.91M in the prior year.
- For the six months ended April 30, 2026, net income was $2.63M, up from $1.82M in the same period last year.
- Total assets grew to $67.34M as of April 30, 2026, from $64.49M at October 31, 2025.
- Total liabilities decreased to $5.92M from $6.38M over the same period.
- Total stockholders' equity increased to $61.41M from $58.12M.
- Net revenues for the three months ended April 30, 2026, were $6.90M, a slight decrease from $7.02M in the prior year.
- For the six months ended April 30, 2026, net revenues were $13.61M, an increase from $12.23M in the prior year.
- The company reported basic EPS of $0.15 for the three months and $0.23 for the six months ended April 30, 2026.
Price Impact
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