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Stock impact report

Coda Octopus Group Reports $1.3m Engineering Services Order

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: GlobeNewswire
ORLANDO, FL, March 26, 2025 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA), a global market leader in 4D/5D/6D imaging sonar technology and acoustic sensors for real time subsea intelligence, today reported that its Salt Lake City based Defense Engineering Services Business, Coda Octopus Colmek, recently received two orders from the US Government totalling $1.3M. These orders relate to the supply of proprietary parts used as sub-components of a larger mission critical Defense program of record., Coda Octopus Colmek has been a trusted DoD supplier and partner for over 25 years. Annmarie Gayle, CODA’s Chairman and CEO, commented: “We are very pleased to see some of the delays that we have been experiencing under U.S. Defense Programs since fiscal year 2024 gradually easing. These two orders are important as they have been contracted directly with the Company and not via the Prime contractor and therefore opens the possibility of increased direct Show less Read more
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