Coda Octopus Group Reports Fiscal 2019 Second Quarter Financial Results

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Coda Octopus Group (CODA) Tops Q1 EPS by 5c, Revenues Beat

June 13, 2019 6:12 AM EDT

Coda Octopus Group (NASDAQ: CODA) reported Q1 EPS of $0.18, $0.05 better than the analyst estimate of $0.13. Revenue for the quarter came in at $6.78 million versus the consensus estimate of $6.37 million.

Annmarie Gayle, CODAs Chairman and CEO, commented: We continue to work on the advancement of our real-time 3D sonar technology and other key algorithm developments, and have filed a number of patents which we believe will afford significant additional protection and value around the new generation of our sonar technology. We launched our 3D MATT (Multiple Automatic Target Tracking) software product which is... More