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Coda Octopus Group Inc

Coda Octopus Group Inc (CODA)

6.38
0.14
(2.24%)
Closed July 14 4:00PM
6.30
-0.08
(-1.25%)
After Hours: 7:59PM

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CODA News

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CODA Discussion

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nichsond nichsond 1 year ago
Oh dear
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gilead23 gilead23 1 year ago
I don't know why you would be surprised. This is an overpromise underdeliver no growth company. It deserves a substantial PE discount and is currently trading at about 20x trailing earnings. The PR's are the same ones they have been putting out for years, lots of optimism no results. Yeah the technology is great, management isn't. It's going nowhere operationally under this team. Revenue is at the same level it was 10 years ago. Why would you expect a no growth company to maintain a 25 PE in the face of persistently disappointing numbers?
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SonarAMG SonarAMG 1 year ago
Really surprised to see investors offloading given the class leading technology and increased market penetration. Whilst performance isn’t stellar, they continue to improve and their fundamentals are sound.
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gilead23 gilead23 1 year ago
Wow they are actually holding an earnings conference call this year. It's a step forward, and shareholder friendly. I also suspect they wouldn't be starting this without something good to say.
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tiedyed1 tiedyed1 2 years ago
September 14, 2022 - Fiscal Third Quarter Revenue Increased 8% Year-Over-Year

- Company Remained Profitable with Net Income of $1.8 Million, or $0.16 per Share

- Material Progress Made in Key Markets for Growth of both Echoscope® and DAVD

ORLANDO, FL, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA) today reported its unaudited financial results for its third quarter (“TQ2022”) and nine months (“YTD 2022”) ended July 31, 2022.

Annmarie Gayle, CODA’s Chairman and CEO, commented: “I am very pleased with our TQ2022 results as we grew revenue and net income over the same period a year ago while making further progress in penetrating markets which are key for our growth strategy around Echoscope PIPE® and our Diver Augmented Vision Display System (“DAVD”).

In the TQ2022, a significant portion of our sales were generated from our real time imaging sonar, Echoscope PIPE®, to US Prime Defense Contractors for integration into their new generation of underwater vehicle programs that are currently being designed. This is supportive of our business development strategy to increase sales of our real time imaging sonar, the Echoscope®, into defense programs around the world. We expect this success to pave the way for multiple sales into these programs with long term recurring revenues. In addition, the new generation of underwater vehicles that are currently being developed increases the market opportunity to have our technology embedded into these new programs, realize multiple sales of the technology and increase our market share.

We have also made solid progress on our new diving management system, DAVD. Specifically, we have started to supply GEN 3 DAVD systems to the Navy and are currently delivering DAVD GEN 3 upgrades for GEN 2. We also have a US-based marine engineering provider already using the DAVD system and the Echoscope® in a commercial diving project. Looking ahead, we will be demonstrating the DAVD to the UK Ministry of Defence in October 2022 and expect adoption of the DAVD system from multiple customers later this calendar year including foreign navies as well as several construction and offshore service providers that operate in the commercial diving sector. Lastly, we are currently customizing the DAVD technology for the single largest potential adopter of the DAVD and anticipate having prototypes for this particular US defense customer by the end our fiscal year, October 31, 2022.

Finally, our Services Business had a solid improvement in performance with TQ2022 revenue increasing 14.2% over the same period a year ago. Recall, last two quarters we had a slower pace of orders that contributed to this part of our business realizing a loss, so we are pleased to see the performance return to more normalized levels, as we expected.”

Coda Octopus Group reported total revenue of approximately $6.27 million for the TQ2022, compared to $5.83 million for the comparable TQ2021 period, representing an increase of 7.6%. The Company reported net profit before taxes of approximately $2.04 million for the TQ2022, compared to $1.32 million for the comparable TQ2021 period. Net profit after taxes was $1.77 million or $0.16 per share for the TQ2022, compared to $1.52 million or $0.14 per share, in the comparable TQ2021 period.

Net income before tax as a percentage of revenues in the TQ2022 was 32.5%. Research and Development expenditures for the TQ2022 were $0.58 million compared to $0.68 million in the TQ2021 period representing a decrease of 14.7%. Selling, General & Administrative Expenses (SG&A) for the TQ2022 were $1.96 million, compared to $2.21 million for the TQ2021 period, representing a decrease of 11.3%.

For the YTD2022 the Company reported total revenue of approximately $17.09 million compared to $16.25 million for the comparable prior year (YTD2021) period, representing an increase of 5.2%. The Company reported net income before taxes of approximately $3.98 million for the YTD2022, compared to $4.26 million for the comparable YTD2021 period, representing a reduction of 6.6%. Net profit after taxes was $3.60 million or $0.33 per share for the YTD2022, compared to $4.86 million or $0.45 per share, in the comparable YTD2021 period. Note results in the YTD2021 period included a $0.65 million one-time benefit related to funding from the Payroll Protection Program. In addition, net income was impacted in the YTD2022 period due to a higher tax rate resulting from the Company having consumed its net operating losses with the effective tax rate in the YTD2022 period of 9.6% compared to (14.2) % in the YTD2021 period.

Net profit before tax as a percentage of revenues for the YTD2022 was 23.3%, compared to 26.2% in the comparable YTD2021 period. Research and Development expenditures for the YTD2022 were $1.77 million, a decrease of 6.8%, compared to $1.90 million, for the comparable YTD2021 period. SG&A for the YTD2022 were $6.12 million, compared to $5.82 million for the comparable YTD2021 period, an increase of 5.2%.

As of July 31, 2022, CODA had approximately $21.37 million of cash on hand and has repaid in full its HSBC Debenture. This compares to $17.75 million of cash on hand and approximately $0.06 million outstanding on the HSBC Debenture on October 31, 2021.

The Company’s full financial results are available at www.nasdaq.com/symbol/coda/sec-filings.

About Coda Octopus Group, Inc.

The Company, founded in 1994, innovates, develops, manufactures, and markets subsea products (software and hardware) including its flagship real-time 3D, 4D,5D and 6D underwater imaging sonar technology, marketed under the name “Echoscope®” and Echoscope PIPE® and also it recently launched Diver Augmented Vision System (“DAVD”). This sonar technology generates real-time 3D, 4D, 5D and 6D imaging and mapping underwater. Echoscope® is used globally in numerous applications including the commercial and defense underwater market. Applications for the Echoscope® technology includes underwater mapping, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, decommissioning, diving applications and port and harbor security. In addition to the Marine Products business, Coda Octopus Products Ltd., CODA’s two defense engineering services businesses are Coda Octopus Colmek and Coda Octopus Martech. For further information, please visit http://www.codaoctopusgroup.com or contact us at coda@codaoctopusgroup.com.

Forward Looking Statement

This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenues. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Factors that could cause or contribute to differences include, but are not limited to, the ongoing Coronavirus Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our real time 3D, 4D, 5D and 6D underwater sonar technology solutions; changes in the volume or timing of previously delayed defense orders, and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2021, filed with the Securities and Exchange Commission on February 14, 2022. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Contact:
Cody Slach or Jeff Grampp, CFA
Gateway Group, Inc.
(949) 574-3860
CODA@GatewayIR.com
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multivalue multivalue 2 years ago
Introducing the Echoscope4G® C500 Inspector System
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multivalue multivalue 2 years ago
NEWS - NAVSEA & NASA -- NASA!!!

WTF - why can't this company get any PPS traction??

https://www.naval-technology.com/news/navsea-and-nasa-partner-to-test-generation-2-davd-system/
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tiedyed1 tiedyed1 2 years ago
Coda Octopus Group Reports Financial Results for the 2022 First Quarter
6:05 am ET March 16, 2022 (Globe Newswire)

Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA) today reported its unaudited financial results for its first quarter ended January 31, 2022 ("FQ2022").

Annmarie Gayle, CODA's Chairman and CEO, commented: "I am very pleased that our financial results for the FQ2022 improved over the comparable period last year ("FQ2021"). In the Products Business we continue to see strong interest in both the Echoscope PIPE and DAVD. We believe that in this fiscal year we will start seeing adoption of the DAVD in foreign navies and the commercial diving market. Our Services Business is still experiencing delays in receiving orders under defense acquisition programs. However, we believe that with the recent approval of the US Defense Budget and with the ongoing conflict in Ukraine, increased defense spending is likely in the near future, both in the USA and the UK where our Services Businesses are based. Accordingly, we are seeing an increase in the level of inquiries as they relate to defense acquisition programs including inquiries for Coda Octopus Martech Decontamination Systems ("CDU") that are used for decontaminating fighter pilots' headset which may have been exposed to chemical weapons. The CDU forms part of the ground fleet equipment list of the Eurofighter aircraft.

We remain concerned, however, about the ongoing disruption in the components supply chain which may impact on our ability to fulfil any such orders. This uncertainty around lead times for components may affect the pace at which we can convert and thus recognize any new orders as revenues.

Despite these anticipated delays and the continued challenges with COVID-19, at this time, we do not intend to materially revise the broad outline of our 2022 revenue targets previously published (see our Form 8-K filed with the SEC on October 4, 2021). This, of course, assumes that there will not be a global recession due to geo-political issues and inflationary pressures in world's largest economies and that the Ukraine conflict and COVID-19 Pandemic are contained.

In addition, I am also pleased to report that in December 2021, we reached a critical milestone by repaying the HSBC NA Loan in full. This loan formed part of the debt obligation which existed during our restructuring of the Group. We are very pleased to have arrived at the point where our assets are completely unleveraged. We also note that with the exhaustion of our carry-forward net operating losses, in the fiscal year 2022 we anticipate that we will be paying additional corporation taxes which will have an effect on our Net Income.

Finally, we anticipate bolstering our management team in the fiscal year 2022 with a focus on complementing our management with business development and marketing resource. We also expect our current CFO, who has held this position for over 12 years to retire in this fiscal year and we will be bringing on board in the next 30 to 60 days, a new CFO. Alongside the financial responsibilities of the Group, we anticipate the new CFO will be actively leading our investor relations program and earnings call and future M&A strategy"

Coda Octopus Group reported total revenue of approximately $5.84 million for FQ2022, compared to $5.05 million for the FQ2021, representing an increase of 15.6%. The Company reported net profit before taxes of approximately $1.44 million for FQ2022, compared to a net profit before taxes of $996k, for the comparable FQ2021 period. Net profit after taxes was $1.22 million for FQ2022, or $0.11 per share, compared to a net profit after tax of $1.13 million, or $0.10 per share, in the FQ2021 period. Net profit before tax as a percentage of revenues in FQ2022 was 24.7% compared to 19.7% for the comparable prior year period. Research and Development expenditures for FQ2022 were $673k compared to $583k, an increase of 15.4% in the FQ2022 period. Selling, General & Administrative Expenses (SG&A) for FQ2022 were $2.11 million, compared to $1.81 million in the FQ2021, an increase of 16.4%.

As of January 31, 2022, CODA had approximately $20.71 million of cash on hand, as compared to $17.75 million at October 31, 2021.

The Company's full financial results are available at www.nasdaq.com/symbol/coda/sec-filings.
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TinkerBelle TinkerBelle 2 years ago
CODA

https://www.codaoctopusgroup.com/sec-filings-email/content/0001493152-22-005460/ex99-1.htm
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multivalue multivalue 3 years ago
WHAT THE HECK! Ann Marie are you watching the SP?????????
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multivalue multivalue 3 years ago
8k - 10/04/2021

Item 7.01 Regulation FD Disclosure
On October 4, 2021, Coda Octopus Group, Inc. (the “Company”) presented at a publicly accessible webinar to prospective investors.

The Company’s Chief Executive Officer discussed the Company’s growth strategy and laid out the key pillars central to its growth, namely the new generation Echoscope®, the Diver Augmented Vision Display System (DAVD) and the new generation Thermite®. She also explained that she expected margins to be maintained and that the Company’s growth strategy will be funded by cash generated by the Company and that she did not expect the Company to take on new debt. She further explained that the investments required for realizing the Company’s growth will be made primarily in additional staff and the expansion of production facilities. She also stated that she expected the current HSBC debt to be repaid by the end of this calendar year and that the Company’s balance sheet will be unleveraged.

The Company’s Chief Executive Officer also discussed that the Company is focused on the following revenue targets for the next two years:
FY Total Revenue
2022 $28 million
2023 $40 million
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TinkerBelle TinkerBelle 3 years ago
CODA 8K

Item 7.01 Regulation FD Disclosure



On October 4, 2021, Coda Octopus Group, Inc. (the “Company”) presented at a publicly accessible webinar to prospective investors.

The Company’s Chief Executive Officer discussed the Company’s growth strategy and laid out the key pillars central to its growth, namely the new generation Echoscope®, the Diver Augmented Vision Display System (DAVD) and the new generation Thermite®. She also explained that she expected margins to be maintained and that the Company’s growth strategy will be funded by cash generated by the Company and that she did not expect the Company to take on new debt. She further explained that the investments required for realizing the Company’s growth will be made primarily in additional staff and the expansion of production facilities. She also stated that she expected the current HSBC debt to be repaid by the end of this calendar year and that the Company’s balance sheet will be unleveraged.

The Company’s Chief Executive Officer also discussed that the Company is focused on the following revenue targets for the next two years:


FY Total Revenue

2022 $28 million

2023 $40 million



Management’s revenue targets do not constitute projections. They merely represent objectives for the Company along with some of the conditions that need to exist for these targets to be realized. There can be no assurance that the Company’s targets will be realized. The targeted and actual results will vary, and those variations may be material and likely to increase over time, and the inclusion of the Company’s objectives/targets herein shall not be regarded as a representation or guarantee by the Company or any other person that these objectives/targets will be achieved.



Forward-Looking Statements



Information set forth in this Current Report contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties. A discussion of factors that may affect future results is contained in the Company’s Annual Report on Form 10-K for the year ended October 31, 2020, as such factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission. The Company disclaims any obligation to update forward-looking statements, except as may be required by law.



The information in this Current Report on Form 8-K is being furnished under Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
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multivalue multivalue 3 years ago
10-Q out 9/14/2021. Looks decent!
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multivalue multivalue 3 years ago
Phil McKraken.

Ben Dover

Seymour Butts

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Omarabsu Omarabsu 3 years ago
https://www.ldmicro.com/profile/krknf/news/6922458528378772

If anyone has more info, this should be Coda’s closest competitor and seems to be pivoting into the non military sector. They are diluting the hell out of their stock though in the meantime.
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multivalue multivalue 3 years ago
Fair enough. I thought it was curious that at least 4 insiders dumped some shares in the last few months -- having not dumped much in the last couple years.
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Omarabsu Omarabsu 3 years ago
These aren’t Fortune 500 C-Suiters or big Maddison ave hedge funds with 10mm plus salaries. Some of these sells are 100-200k, that’s a mass affluent person buying a vacation home or boat when the stock price allows them to. I honestly think too much is made from insider sells; in most cases it just complicates matters and it’s just folks supporting an expensive lifestyle. I say that knowing sometime it does provide insight, but most of the time it’s ‘noise’.

These recent sells just seem like investors harvesting some profits (small % change in ownership) and execs taki advantage of a 50% recent run up; if I was in their shoes I’d probably do the same.
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multivalue multivalue 3 years ago
What to do when insiders are selling

Anybody care to chime in with their opions? Sell/Hold?
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tiedyed1 tiedyed1 3 years ago
Coda Octopus Group reported total revenue of approximately $5.37 million for the quarter ended April 30, 2021, compared to $3.29 million for the comparable prior year period, representing an increase of 63.4%. The Company reported net profit before taxes of approximately $1.94 million for the second quarter ended April 30, 2021, compared to a net loss before taxes of $340,000, for the comparable 2020 period. Net profit after taxes was $2.21 million for the second quarter ended April 30, 2021, or $0.20 per share, compared to a net loss of $265,000, or $0.02 per share, in the prior year comparable period. Net profit before tax as a percentage of revenues in the second quarter was 36%. Research and Development expenditures for the second quarter were $645,000, a decrease of 9.6%, compared to $714,000, for the comparable period of 2020. Selling, General & Administrative Expenses (SG&A) for the second quarter were $1.78 million, compared to $1.53 million for the comparable period last year, an increase of 16.1%.

For the six months ended April 30, 2021, the Company reported total revenue of approximately $10.42 million compared to $9.97 million for the comparable prior year period, representing an increase of 4.5%. The Company reported net profit before taxes of approximately $2.93 million for the six months ended April 30, 2021, compared to a net profit before taxes of $1.11 million, for the comparable 2020 period. Net profit after taxes was $3.34 million for the six months ended April 30, 2021, or $0.31 per share, compared to a net profit of $1.08 million or $0.10 per share, in the prior year comparable period. Net profit before tax as a percentage of revenues in for the six months ended April 30, 2021 was 28.2%. Research and Development expenditures for the six months ended April 30, 2021 were $1.23 million, a decrease of 25.2%, compared to $1.64 million, for the comparable period of 2020. Selling, General & Administrative Expenses (SG&A) for the six months ended April 30, 2021 were $3.59 million, compared to $3.43 million for the comparable period last year, an increase of 4.9%.

As of April 30, 2021, CODA had approximately $16.59 million of cash on hand and approximately $321,000 outstanding on its HSBC Debenture, as compared to $12.81 million of cash on hand and approximately $819,000 million outstanding on the HSBC Debenture at the same date in 2020.

The Company's full financial results are available at www.nasdaq.com/symbol/coda/sec-filings.
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Omarabsu Omarabsu 3 years ago
Has anyone ever done a deep dive into Kracken Robotics, a TSXV listed business? From my initial searches they seem to be in the same area as Coda, but also include UAVs for remote underwater ops.
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Omarabsu Omarabsu 3 years ago
Agreed sorry, shouldn’t have included navy in that list you are absolutely right; my point was that we just haven’t seen the volume from them as of yet.

Anyone have any thoughts on how big that account could be? Ten years down the line, are they primarily a military service provider with a few small commercial accounts?
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multivalue multivalue 3 years ago
All true, however I don't think the Navy and Nasa are kicking tires at this point. COG is now an approved vendor/seller/designer/contractor.
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Omarabsu Omarabsu 3 years ago
I like the fact that they are continuing to improve the product, but I wonder at what point they are just providing incremental changes to a flat base of customers. I don’t see any evidence that they are signing on new customers, so the question I have is do these incremental changes tip the scale for a prospect to become a customer? Is their strategy to continue to saturate accounts or go get new business?

I know the navy and nasa are kicking the tires, but are they out there trying to sign up other business in the meantime?
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multivalue multivalue 3 years ago
Some NEW Company product news.

Introducing the PIPE® Sequencer
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Omarabsu Omarabsu 3 years ago
https://www.wsj.com/articles/u-s-needs-to-better-monitor-oil-gas-pipelines-in-gulf-of-mexico-report-says-11618837201

This is very interesting for Coda as well.
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Omarabsu Omarabsu 3 years ago
This could be interesting if it leads to deployment without having to send a team member out to fit out the product. Any friction reduction to the customer putting it into service increases the platform’s ability to scale.
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multivalue multivalue 3 years ago
Introducing the Echoscope4G® C500 Inspector System

Coda Octopus is delighted to announce the release of our new Echoscope4G® C500 Inspector system, designed as a modular, mobile platform designed to make sonar deployment simple and fast.
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multivalue multivalue 3 years ago
So the 3rd insider in the last couple months took options? Or was given a bonus of 16k+ shares.

Is this telling in anyway?

Did they take them to sell before losing or did they take them before a buyout? Or neither. I find it hard to believe that there is ‘no’ reason.
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Omarabsu Omarabsu 3 years ago
If I take the stock price out of the equation, and just look at Coda, I would say the business has gotten worse over the past year due to the pandemic. While there are always interesting opportunities with this business, their core business is hampered with the restrictions in traveling to install products, the trade problems with Asia, and their structurally problems in scaling up. Their service business probably had a short term blip on the radar, but is mostly flat. TBD on the navy revenue, but not knowing this outcome I can’t count this as the business getting better.

That leads me to the conclusion that the rise in share price is from a) general market upswing b) short termers bidding up a low float company, and c) new investors with higher expectations on growth rates, based on the ‘opportunities’ mentioned above.

I’m not selling any shares at the moment, but I’m also not adding any until I get some clarity that the business is improving.
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multivalue multivalue 3 years ago
I saw that news too and thought the same thing. They do have a patent on the Echoscope tech so that may be something.

The slow forward march up of the stock price and volume increase in the last month coupled with the insiders increasing there positions lends me to thing something is afoot?

Hopefully they are pursuing more military opportunities esp. now that they are Navy/(NASA?) approved and venturing elsewhere!?

$CODA
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Omarabsu Omarabsu 3 years ago
I’ve thought about this in the past when the word came out that NASA was kicking the tires on the technology. The space is starting to fill up with solutions and I don’t see Coda having the wherewithal to pivot into a macro tailwind nor win a competitive fight against another firm.

Coincidentally, the contract that MSFT just won for the army is like the on land version of the DAVD that coda has for divers; if the company was more aggressive they could probably enter the space but I don’t think they would ever.

Fun food for though.
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Omarabsu Omarabsu 3 years ago
Now we wait to see if he sells his award...
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multivalue multivalue 3 years ago
Looks like Blair just got a $100k bonus.

(kinda fun just talking to myself)
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multivalue multivalue 3 years ago
I'm wondering if some of the EchoScope pinging technology could by used and sold to those companies working on autonomous driving cars.

Seems like sonar and sensors working together could solve some of the "accident" issues? The AI would have a much better idea of it's surroundings in 3D+.

CODA I hope you are reading ...
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Omarabsu Omarabsu 3 years ago
My guess is that the C-suite doesn’t think like a growing public company but rather a small business, and that 16mm represents safety to them. They could also think sales are going to ‘ramp up’ and that they will need the working capital (if the military starts ordering chances are they will be pulling bigger volume purchase orders than they’ve seen in the past).

They do have board members who come from a finance background, who I would like to think would be able to tell that the business is over capitalized and suggest they action some of the cash.

I think my first thought is the most likely however, that the status quo is to just keep grinding out a margin and let it hit cash. They’ve been through a rocky few years with waiting for budget, trade disputes, applying for navy approved vendor status and then the pandemic; chances are they are just super conservative. Maybe they don’t even know what the best option is, but as an investor, I would caution recommending a special dividend when they have an S4 shelf sitting out there.

Best case is the increase in volume and pouring that cash into inventory.
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multivalue multivalue 3 years ago
Some here feel top management is 'tapped' out on growing the business.

Others thinking a buyout could be in play.

Some wondering if they are just coasting.
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Magnus123 Magnus123 3 years ago
Interesting discussion. I don't understand why they don't do anything with the ever growing cash position. $16 Million or so now. If they have zero idea how to invest the cash into the business for more growth, management should declare a nice dividend or something like that.

Or has anyone a guess for what they are banking more and more cash???
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multivalue multivalue 3 years ago
We can only hope
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Omarabsu Omarabsu 3 years ago
Seems as if the momentum traders have got ahold of Coda. Similar to what happened a few years back that brought shares to 18/shr.
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multivalue multivalue 3 years ago
Official news:

https://www.globenewswire.com/news-release/2021/03/08/2188487/0/en/Coda-Octopus-Group-Concludes-Successful-Gen-2-Diver-Augmented-Vision-Display-DAVD-System-Field-Trials-with-NASA-and-NAVSEA.html
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multivalue multivalue 3 years ago
Unbelievable. NAVY, ANU, NASA!!!!! Fins drop next week. Let's get some excitement going!!
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multivalue multivalue 3 years ago
Dope!

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multivalue multivalue 3 years ago
Sign Up for our new DAVD Webinar Series
Coda Octopus is delighted to announce that we will be hosting a series of webinars designed to educate the market on our recently released product - Diver Augmented Vision Display (DAVD) on:

14th of April at 15:00 GMT (10:00 EST)

About the DAVD
DAVD is a complete end-to-end diver management solution incorporating a uniquely innovative, high-resolution, transparent glass, head-up display (HUD) embedded directly into the visor of the industry standard Kirby Morgan® KM37 and KM97 dive helmets.

The DAVD HUD is controlled from the surface by the Dive Supervisor via the DAVD-Control Panel and accompanying Coda Octopus 4G USE® DAVD Edition software. They are able to control all the information displayed to the diver including the ability to send critical messages, detailed step-by-step mission instructions, drawings, images, and even augmented reality videos. The real-time scene can be further augmented with 3D Models, charts, and maps overlaid with real-time 3D imagery from Coda Octopus patented Echoscope® technology of the divers' environment in 1st or 3rd perspective, regardless of the water visibility conditions facing the diver.

The DAVD is funded by the Office of Naval Research (ONR) through its Future Naval Capabilities (FNC) program, and continues to be managed by NAVSEA 00C3. The system was originally developed under a CRADA agreement with Naval Surface Warfare Center, Panama City Division (NSWC PCD) and our sponsor NAVSEA.

DAVD is a multi-generation project and the DAVD GEN 1 and 2 products are now Approved Navy Use (ANU) products which are currently in use by the Navy.

Join Our Webinar Series
In our DAVD webinar series, our President of Technology, Blair Cunningham, will lead the series demonstrating:
The full equipment breakdown of the DAVD System including support diver equipment and optional components
How the DAVD improves diver safety, operational workflow and tasking
An immersive simulation of the DAVD in action
Different use cases for DAVD applications
Future DAVD Roadmap
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multivalue multivalue 3 years ago
Good stuff

https://www.naval-technology.com/news/navsea-and-nasa-partner-to-test-generation-2-davd-system/
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TinkerBelle TinkerBelle 3 years ago
CODA Q2 is due by March 15th! :)
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multivalue multivalue 3 years ago
Great news today!! To da moon $CODA!!!
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multivalue multivalue 3 years ago
DAVD news.

https://www.navsea.navy.mil/Media/News/SavedNewsModule/Article/2519952/from-the-ocean-floor-to-the-dark-side-of-the-moon-navsea-and-nasa-test-next-gen/

Unfortunatley no mention of CODA directly. Figured this would move to NASA partnership. :) Come on CODA NEWS it!
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multivalue multivalue 3 years ago
Wow - 52 week high today. $8.23 Loving it. Maybe we can hit that $11.70 target the "experts" put on it in the last year?
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multivalue multivalue 3 years ago
FYI

52-wk range 4.26-7.97
Volume trend Heavy Day
P/E 23.13x
Annual div/yield No Regular Dividends
Ex-dividend date --
Market cap 83.86M
Short interest 7.75% as of 01/15/21
% held by institution 15.66
Buy/Sell rating ratio 0 to 0

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gilead23 gilead23 3 years ago
That’s my assumption and also the reason I have any shares at all right now. The 10k certainly implies near term results will be dismal.
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