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Coda Octopus Group Inc

codaoctopusgroup.com

What Do They Do?

Sells underwater sonar and diving systems, acoustic measurement products, and engineered components for defense systems to marine operators, defense organizations, and medical and research customers.

Who Are Their Customers?

Marine customers include offshore service providers, energy and underwater construction companies, and defense organizations; PAL serves medical and research buyers. Marine sales are direct in the USA, Europe and the Middle East, and largely through agents in Asia and Africa; PAL and the engineering units also use internal teams and agents.

How Are They Changing?

Since the FY2025 annual report
Latest quarter: Q3 FY2026, the three months to Jul 31, 2026
Revenue
▲ +9%
vs $7.1M in Q3 FY2025
Net income
▲ +8%
vs $1.3M in Q3 FY2025
Equipment Sales share of revenue vs 59.2% in Q3 FY2025
  • Jul 6, 2026 Mark Kelly appointed CFO as interim CFO Gayle Jardine retires Kelly's appointment and Jardine's retirement are both effective August 3, 2026.

Acoustic business added The latest report includes a separate acoustic sensors and materials business offering acoustic products, consultancy and calibration; the older report describes marine technology and marine engineering businesses.

Revenue over time
Equipment Sales Equipment Rentals Software Sales Engineering Parts Service Services
$50M$25M$0

Who Do They Compete With?

Competes with WaterLinked, Onda, Gampt, RP Acoustics, Muller Instruments, Olympus, Imasonic, Vermon, Sonatest, Waygate Technologies, and Acertara Acoustic Laboratories

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