Coda Octopus Group Second Quarter 2024 Earnings: Beats Expectations

Coda Octopus Group (NASDAQ:CODA) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$5.32m (flat on 2Q 2023).
• Net income: US$1.42m (up 40% from 2Q 2023).
• Profit margin: 27% (up from 19% in 2Q 2023).
• EPS: US$0.13 (up from US$0.092 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Coda Octopus Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 160%.

Looking ahead, revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are down 1.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Coda Octopus Group, and understanding them should be part of your investment process.

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