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Stock impact report

Coda Octopus Group Reports Fiscal 2018 First Quarter Financial Results

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: GlobeNewswire
{{DATELINECITY_DATE_GLOBENEWSWIRE_BUG}}Coda Octopus Group, Inc. (CODA) (Nasdaq:CODA) today reported its unaudited financial results for its fiscal 2018 first quarter ended January 31, 2018. Annmarie Gayle, CODA’s Chairman and CEO commented: “Our fiscal first quarter results continue to reflect our strategic investment in technological advancement and to position the company for breakout growth across multiple multibillion-dollar markets. We continued to invest heavily in research and development to finalize our fourth-generation line of sonar products, which is on an 18-month rollout cycle, and to advance our Thermite® rugged mission computer product which is a significant part of our growth plans. During the fiscal first quarter, our engineering business continued to be adversely impacted by delays in the U.S. government budget and appropriations processes. While we are pleased to see recent progress on this front, the delay has adversely affected this past quarter’s financial resul Show less Read more
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