Coda Octopus Group Third Quarter 2024 Earnings: Beats Expectations

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

Key Financial Results

• Revenue: US$5.48m (up 12% from 3Q 2023).
• Net income: US$1.27m (up 23% from 3Q 2023).
• Profit margin: 23% (up from 21% in 3Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$0.11 (up from US$0.094 in 3Q 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 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 10.0%.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Electronic industry in the US.

Performance of the American Electronic industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Be aware that Coda Octopus Group is showing 1 warning sign in our investment analysis that you should know about...

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