Coda Octopus Group, Inc. (NASDAQ:
CODA) is one of the
Undervalued Aerospace Stocks to Buy Now. On September 15, Coda Octopus Group, Inc. (NASDAQ:CODA) released results for its fiscal third quarter of 2025. The company delivered $7.06 million in revenue, representing a 29% year-over-year increase and surpassing expectations by $300,800. Moreover, the EPS of $0.11 also topped estimates by $0.02.
Management noted that the growth was mainly driven by its Marine Technology Business. The segment grew 30.7% year-over-year to reach $4 million. Additionally, the newly acquired Acoustics Sensors and Materials Business contributed $1.5 million.
The company also noted advancing its DAVD technology, with $1.5 million in sales this quarter. It is expected to reach $3.5 to $4 million during the year, up significantly from $1.2 million last year. During the quarter, Coda Octopus Group, Inc. (NASDAQ:CODA) completed the DUS Hardening Program funded by the US and a foreign navy, enabling delivery of 16 redesigned untethered DAVD systems to the US Navy for special forces.
Coda Octopus Group, Inc. (NASDAQ:CODA) supplies underwater and subsea technology solutions. Its marine technology division offers real-time 3D to 6D imaging sonars and Diver Augmented Vision Display (DAVD) systems.
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Disclosure: None. This article is originally published at
Insider Monkey.