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Coda Octopus Group Reports Fiscal 2018 Third Quarter Financial Results

Coda Octopus Group, Inc. - Common stock (CODA) 
US:NASDAQ Investor Relations: codaoctopusgroup.com
Company Research Source: GlobeNewswire
ORLANDO, FL, Sept. 13, 2018 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA) today reported its unaudited financial results for its fiscal third quarter ended July 31, 2018. Annmarie Gayle, CODA’s Chairman and CEO commented: “We are pleased to report that in the fiscal third quarter both business segments’ earnings were back into positive territory, after a disappointing first two quarters. We saw an increase in product orders, with strong demand for our patented fourth generation (4G) of real-time 3D/4D sonars in our products business. Our engineering segment continues to receive backlog orders for calendar year 2016, and negotiations are underway with our defense customers for the lion’s share of the backlog orders for 2017 and 2018. “Also during the fiscal third quarter, we were very pleased to enter into a Navy Cooperative Research and Development Agreement with Naval Surface Warfare Center, Panama City Division (NSWC PCD), for the multi-generation develo Show less Read more
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