Coda Octopus Group, Inc. (NASDAQ: CODA ) shares are trading higher Monday after the company reported first-quarter financial results.
Coda shares are trending higher. What’s driving CODA shares up?EPS And Revenue Beats Expectations
The company reported earnings per share of 8 cents, beating the consensus estimate of 6 cents. In addition, Coda reported revenue of $6.71 million, beating the consensus estimate of $6.22 million.
Marine Technology revenue rose 47.4% to $3.4 million, driven by stronger Echoscope sales and increased demand in Asia. Defense Engineering Services revenue increased 9.2% to $1.8 million, while Acoustics Sensors and Material revenue climbed 20.7% to $1.6 million.
Annmarie Gayle, CODA’s Chairman and CEO, said, “Despite the uncertain global policy environment, I am pleased with our overall financial results in our FQ2026 and the diversification of our revenue structure.”
Cash and cash equivalents totaled $30.4 million at the end of the quarter, up from $28.7 million in the prior period.
Coda Shares Climb
CODA Price Action: At the time of publication, Coda shares are trading 4.11% higher at $14.18, according to data from Benzinga Pro .
This illustration was generated using artificial intelligence via Midjourney.
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Market News and Data brought to you by Benzinga APIs© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
To add Benzinga News as your preferred source on Google, click here .
Posted In: News Movers Trading Ideas Retail Investor Stocks why it's moving