Coda Octopus Group, Inc. 3Q 2026: Revenue $6.9M, Net income $1.7M — 10-Q Summary
Summary
Coda Octopus Group reported third-quarter 2026 revenue of $6.9 million and net income of $1.7 million. The company improved profitability as its mix shifted toward higher-margin services, rentals, and recurring equipment revenue. Marine product sales declined, while equipment rental revenue surged sharply and lifted gross margin to 66.3%. Management also reallocated R&D spending toward defense and PAL innovation, while geopolitical disruption slowed some orders and contract awards in key regions.
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Coda Octopus Group
$10M to $25M