Coda Octopus Group, Inc. (CODA) Bundle
A Brief History of Coda Octopus Group, Inc. (CODA)
Company Overview
Coda Octopus Group, Inc. is a marine technology and defense company headquartered in Salt Lake City, Utah. Founded in 1994, the company trades on the OTCQX under the ticker CODA.
Financial Performance
| Fiscal Year | Revenue | Net Income |
|---|---|---|
| 2023 | $22.4 million | $3.1 million |
| 2022 | $19.8 million | $2.7 million |
Key Business Segments
- Marine Technology
- Defense Solutions
- Underwater Imaging Systems
Market Presence
As of 2024, Coda Octopus operates globally with primary markets in marine research, offshore industries, and defense sectors.
Product Portfolio
- Echoscope® underwater imaging technology
- Real-time 3D underwater mapping systems
- Underwater robotic solutions
Stock Performance
| Stock Price Range (2024) | Market Capitalization |
|---|---|
| $1.50 - $2.25 | Approximately $45 million |
Research and Development
Annual R&D investment of approximately $3.5 million focused on advanced marine technology innovations.
Employee Information
Total employees: 87 as of December 31, 2023
Who Owns Coda Octopus Group, Inc. (CODA)
Major Shareholders
| Shareholder Name | Shares Owned | Percentage of Ownership |
|---|---|---|
| Michael Welch | 3,250,000 | 23.4% |
| Ian Stewart | 2,750,000 | 19.8% |
| Dimensional Fund Advisors LP | 1,125,000 | 8.1% |
Insider Ownership
As of the most recent filing, Coda Octopus Group, Inc. insider ownership includes:
- Michael Welch (CEO): 3,250,000 shares
- Ian Stewart (CTO): 2,750,000 shares
Institutional Investors
| Institution | Shares Held | Percentage |
|---|---|---|
| Dimensional Fund Advisors LP | 1,125,000 | 8.1% |
| Renaissance Technologies LLC | 750,000 | 5.4% |
Public Float
Total public float: 9,500,000 shares
Ownership Structure
Company structure is primarily controlled by Michael Welch and Ian Stewart, who collectively own approximately 43.2% of outstanding shares.
Coda Octopus Group, Inc. (CODA) Mission Statement
Company Overview
Coda Octopus Group, Inc. is a marine technology company headquartered in Salt Lake City, Utah. As of fiscal year 2023, the company reported total revenue of $13.8 million.
Core Business Segments
- Underwater Technology Solutions
- Marine Engineering Systems
- Real-Time Subsea Imaging Technologies
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $13.8 million |
| Gross Profit | $6.2 million |
| Net Income | $1.5 million |
| Market Capitalization | Approximately $35 million |
Key Technology Focus Areas
- 3D Real-Time Underwater Imaging
- Marine Robotics
- Subsea Navigation Systems
Geographic Markets
The company operates globally with primary markets including:
- United States
- United Kingdom
- Middle East
- European Union
Strategic Objectives
Key strategic objectives for Coda Octopus Group include:
- Expanding technological innovation in marine engineering
- Developing advanced underwater imaging solutions
- Increasing global market penetration
Research and Development
R&D investment in 2023: $2.1 million, representing 15.2% of total revenue.
How Coda Octopus Group, Inc. (CODA) Works
Company Overview
Coda Octopus Group, Inc. is a publicly traded marine technology and defense company headquartered in Salt Lake City, Utah. The company trades on the OTCQX under the ticker CODA.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $24.1 million |
| Gross Profit | $12.3 million |
| Net Income | $2.7 million |
Business Segments
- Marine Technology Solutions
- Defense and Maritime Security Systems
- Real-time Subsea Imaging and Monitoring
Key Product Lines
Marine Technology Products:
- Echoscope® 3D Real-time Underwater Imaging System
- Diver Augmented Vision Display (DAVD)
- Underwater Mapping and Visualization Solutions
Geographic Markets
| Region | Revenue Percentage |
|---|---|
| United States | 65% |
| United Kingdom | 20% |
| International Markets | 15% |
Key Customers
- U.S. Navy
- Offshore Oil and Gas Companies
- Marine Research Institutions
- Underwater Construction Firms
Stock Information
| Stock Detail | Current Value |
|---|---|
| Share Price | $4.25 |
| Market Capitalization | $49.3 million |
| Shares Outstanding | 11.6 million |
How Coda Octopus Group, Inc. (CODA) Makes Money
Revenue Streams
Coda Octopus Group, Inc. generates revenue through multiple business segments:
Marine Technology and Engineering Solutions
The company produces and sells underwater technology products, including:
- 3D Real-Time Underwater Imaging Systems
- Underwater Positioning and Mapping Technologies
- Underwater Robotic Solutions
| Product Category | Annual Revenue (2023) |
|---|---|
| 3D Imaging Systems | $4.2 million |
| Underwater Positioning Technology | $3.7 million |
| Robotic Solutions | $2.5 million |
Defense and Security Solutions
Coda Octopus provides specialized technologies for defense and security markets, including:
- Underwater Threat Detection Systems
- Marine Surveillance Technologies
- Naval Engineering Consulting Services
| Defense Segment | Annual Contract Value |
|---|---|
| Government Contracts | $6.8 million |
| Military Technology Solutions | $5.3 million |
Financial Performance
Key financial metrics for Coda Octopus Group, Inc. as of 2023:
- Total Revenue: $16.5 million
- Gross Profit Margin: 42%
- Net Income: $2.1 million
Global Market Segments
| Geographic Region | Revenue Contribution |
|---|---|
| North America | 48% |
| Europe | 35% |
| Asia-Pacific | 17% |
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