The Company, founded in 1994, innovates, develops, manufactures and markets subsea products (hardware and software) and solutions including its flagship real-time 3D, 4D, 5D and 6D underwater imaging sonar technology, marketed under the name Echoscope and Echoscope PIPE and its recently launched Diver Augmented Vision Display system (CodaOctopus DAVD). Orlando, FL, May 31, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA” or the Company”) (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Wednesday, June 14, 2023 at 10:00 a.m. Eastern time to discuss its results for its second quarter ended April 30, 2023. Coda Octopus Group, Inc. does not undertake, and specifically disclaims any obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur. A model for circadian clocks | SpringerLink here PDF The most advanced real time 3D sonar in the world - Acteon Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. technology include complex mapping underwater, subsea intervention, subsea asset placements, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. MDC Group Investor Relations: David Castaneda Arsen Mugurdumov 414.351.9758, Media Relations: Susan Roush 805.624.7624. But everything has changed! One analyst expects CODA's FY24 EPS to grow only 19.23% year-over-year, compared to nearly 37% YoY growth in FY2023. Having NAVSEA and NASA as users of the DAVD system and our complementary technologies (such as our real-time imaging sonars) provided our team the rewarding opportunity to bring these different use case requirements together for the onward development of the system and the cross-benefit such close collaboration brings.. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Unmanned Systems Technology on Twitter: "China General Nuclear Power Sonar imaging of underwater fish activity using the Coda Octopus Echoscope. This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Toll-free replay number: 1-844-512-2921International replay number: 1-412-317-6671Conference ID: 13739034. Moreover, the revenue growth rate is expected to almost double in FY2024. Patented Real-time 3D Sonar Series Debuts Lightest, Smallest Sonars Suited for Autonomous Surface Vehicles and Unmanned Surface Vehicles. Coda Octopus Group Concludes Successful Gen 2 Diver Augmented Vision The Echoscope is the world's first and highest resolution real time 3D sonar. The Echoscope4G C500 Surface is the lines smallest and lightest, measuring 9.1 x 11.8 x 5.8 inches and weighing only 9.4kg in air. You'll keep your finger on the pulse and have access to the latest and highest-quality analysis of this type of information. Close Menu . Portions of this content may be copyrighted by Fresh Brewed Media, Investors Observer, and/or O2 Media LLC. Date: Wednesday, June 14, 2023Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. dial-in number: 1-877-451-6152International number: 1-201-389-0879Conference ID: 13739034. U.S. dial-in number: 1-877-451-6152 Recent years have seen the company facing challenges due to supply chain disruptions, which could persist or worsen in the future. Acteon Home; Industries. Echoscope4G is the worlds highest definition real-time 3D imaging sonar, now in a smaller and lighter package. Something is clearly wrong here. Portions of this content protected by US Patent numbers 7,865,496, 7,856,390, and 7,716,116. The advanced audio system enables precise and low-noise communications, audio playback and voice assistance in the head-up display (HUD). Date: Wednesday, June 14, 2023Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. dial-in number: 1-877-451-6152International number: 1-201-389-0879Conference ID: 13739034. The company holds proprietary technology and patents related to the DAVD system, including the concept of using transparent glasses as a data hub underwater. Cookies are used to offer you a better browsing experience and to analyze our traffic. With the 4G hardware revisions completed, our focus is now on finalizing our smart algorithms, which will improve significantly the performance of our class-leading sonars, and our new top-end software which will allow many new capabilities, such as multiple sonar devices.. Each Echoscope 3D sonar is supplied with a topside USE software package for integration with motion, heading and positioning systems. The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype. That's a diving suit called DSENDS. May 31, 2023 06:00 ET Coda Octopus Group Reports Fiscal 2021 Third Quarter and - GlobeNewswire An email was sent with password retrieval instructions. CodaOctopus Echoscope Real-Time 3D Sonar-Small Fish Activity The conference call will broadcast live and available for replay here. Applications for the Echoscopetechnology include complex mapping underwater, subsea intervention, subsea asset placements, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. Applications for the Echoscopetechnology include complex mapping underwater, subsea intervention, subsea asset placements, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenue. When monitoring underwater activity, even when the target and the Echoscope are moving independently of each other, the 3D imagery remains clear and accurate, giving the viewer an instant three-dimensional understanding of the underwater environment. ORLANDO, FL, Feb. 06, 2019 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA), a global leader in real-time 3D sonar technology and real-time subsea intelligence, today announced the full launch of its fourth-generation range of sonars, the Echoscope 4G series. In addition to the Marine Technology business, CODA also manufactures defense products and provides engineering services through Coda Octopus Colmek and Coda Octopus Martech. Gen 2 DAVD is now a US Authorized Navy Use item included in the Authorized Navy Use (ANU) List. Thank you for signing up! Do Not Sell My Personal Data/Privacy Policy. I know many of my readers avoid micro-cap stocks, and the reason is liquidity. Additionally, Coda Octopus offers on-site training for the products and Through Life Support for extended support that goes beyond regular service level support and warranties. Throughout the field trials the divers used the latest Gen 2 DAVD ultra-low light imaging sensor which provides augmented diver vision enhancement and real-time object edge enhancement. What is DehydraTECH and how is it revolutionizing solutions in cannabis and alcohol-free beverages? As the company's products evolved, CODA was able to start showing great results much sooner than I thought - let me tell you about that in more detail today. This press release contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Orlando, FL, May 31, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") (NASDAQ: CODA), a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Wednesday, June 14, 2023 at 10:00 a.m. Eastern time to . Enter your email to receive our newsletter. The Echoscope is the world's first and highest resolution real time 3D sonar. (Gen 3 DAVD will extend to Full Face Mask variant.). In addition to the Marine Products business, Coda Octopus Products Ltd., CODA's two defense engineering services businesses are operated through Coda Octopus Colmek and Coda Octopus Martech. We are particularly excited about the new Echoscope4G C500 Surface which is our smallest, lightest and most competitively priced sonar yet, and which is targeted to the burgeoning autonomous surface vehicle and unmanned surface vehicle market. http://www.codaoctopusgroup.com The Diver Augmented Vision Display (DAVD) is a complete end-to-end diver management solution incorporating a high-resolution see-through head-up display (HUD) embedded directly into the visor of the industry standard Kirby Morgan KM37 and KM97 dive helmets. The forwarding EV/EBITDA ratio is currently around the middle of the TTM historical multiples. Struggle to access the latest reports from banks and hedge funds? eLetters are not edited, proofread, or indexed, but they are screened. DAVD). Stockhouse membership requires an email address which must be shared by Facebook. This 3D model is entirely refreshed up to 20 times per second with each new transmission.The combination of Echoscope used in conjunction with ourour top-end software packages with their unique and patented capabilities is changing the mode of many subsea operations around the globe. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forwardlooking statements. U.S. dial-in number: 1-877-451-6152 Instantaneous high definition real-time 3D sonar, Multi-frequency and Multi-Aperture sonar including XD Wide Angle Imaging and Mapping, Integrated optional Heading, Pitch and Roll sensor, Range of sonar series for different SWaP (Size, Weight and Power) platforms and resolutions including, Standard Compact and the new 4G and 4G Surface series, Rugged sonar housing up to 4,000m depth rating. It is expected that NAVSEA will now start purchasing Gen 2 DAVD systems and upgrading their Gen 1 DAVD systems to Gen 2. . Toll-free replay number: 1-844-512-2921 Factors that could cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2022, filed with the Securities and Exchange Commission on January 30, 2023. Our latest EchoscopePIPE sonars are in the same form factor as the Echoscope4G series of sonars. Coda Octopus is reporting the successful deployment of the Echoscope real-time 3D sonar system on the Race Bank offshore wind farm project by DeepOcean. These two real-time 3D volumetric sonars provide clear, high definition imagery of the underwater environment for applications ranging from inland waterway work to large-scale offshore projects. Apr 12, 2021 Coda Octopus Debuts Echoscope4G C500 Inspector System View All Coverage Upcoming Event Jun 14, 2023 10:00am EDT Second Quarter 2023 Earnings Conference Call View All Events Latest Financial Results Q1 2023 Quarter Ended Jan 31, 2023 PDF HTML Release Audio Earnings Webcast PDF HTML 10-Q ZIP XLS HTML XBRL Latest 10-K FY 2022 Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. CODA@GatewayIR.com, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. Phone. Built around unique patented technology, it generates a complete 3D model, composed of over 16,000 soundings, from each and every acoustic transmission. Contact us to request a quote on our products and services for premier underwater technologies, CodaOctopus Underwater Inspection System (UIS), CodaOctopus Underwater Inspection System4G (UIS4G), CodaOctopus Underwater Survey Explorer (USE), CodaOctopus Construction Monitoring Solution (CMS), CodaOctopus Vantage Visualization Module (VVM), 3D Multiple Automated Target Tracking (3D MATT), Cable Touch Down Monitoring, Installation and Survey, Iceberg and Ice Flow Detection and Monitoring, Nuclear and Hazardous Site Inspection and Monitoring, Offshore Renewables (Construction and Support), Oil and Gas Leak Detection and Monitoring, Pipeline Survey, Inspection and Reporting, SLAM and Real-Time XYZ Sensor Integration, Cable Touch-down Monitoring, Installation and Survey, Landing Craft/Littoral Inspection Mapping, MOTION Lightweight Pre-Calibrated Housing, Survey Engine Automatic Object Detection Package ("SEADP"), High definition 3D sonar image generated in real-time, Displays complex moving structures accurately, Suitable for installation on vessels, ROV, barge or crane, Very easy to use even by non-sonar experts such as crane operators and law enforcement officers. If you change your Facebook permissions to restrict Stockhouse from receiving your email while joining or signing in to Stockhouse then it will fail. It is also expected to transform the way communications are made in diving from analog audio to digital audio and to 2D and 3D visual imagery, both in textual and video format. Orlando, FL, May 31, 2023 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. ("CODA" or the "Company") CODA, a global market leader in real-time 3D/4D/5D and 6D imaging sonar technology for real-time subsea intelligence and diving technology, will host a conference call on Wednesday, June 14, 2023 at 10:00 a.m. Eastern time to discuss its results for its second quarter ended April 30, 2023. In the latest reported quarter, the MEB segment was impacted by delays and stalled projects due to supply chain issues, resulting in a 12% decrease in sales, according to. In addition to the Marine Products business, Coda Octopus Products Ltd., CODAs two engineering businesses are Coda Octopus Colmek and Coda Octopus Martech. I first became aware of Coda Octopus Group (NASDAQ:CODA) in August 2021 and gave it a Buy rating, which then changed to Hold a few months later. An operator will register your name and organization. The Company, founded in 1994, manufactures and markets patented real-time 3D subsea sonar technology, the Echoscope, which enables real-time 3D imaging and mapping in zero visibility conditions underwater, Echoscope is used globally in numerous applications including defense, marine construction, oil and gas subsea infrastructure installation and surveys, and port and harbor security. Contact:Cody Slach or Jackie KeshnerGateway Group, Inc. (949) 574-3860CODA@GatewayIR.com, Tired of arriving late to the Big Returns Party?. The Echoscope is also at the heart of the Underwater Inspection System which is being adopted for port and harbor security, and other applications globally. A press release detailing these results will be issued before the opening of trading on the same day. Each of the Group companies are technology innovators with a particularly high level of sonar expertise. The real-time scene can be further augmented with 3D models, charts, and maps overlaid with real-time 3D photographic-quality imagery from Coda Octopuss Echoscope technology of the divers environment in 1st or 3rd person perspective, regardless of the water visibility conditions. Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time) Fax. Please note all regulatory considerations regarding the presentation of fees must be taken into account. +31 20 485 3757. The overall favorable market environment positions the company for potential expansion and increased revenue in the near future. Constantly looking for a reasonable balance between growth and value. As of January 31, 2023, CODA had $24.5 million in cash on hand and no debt. A replay of the call will be available after 2:00 p.m. Eastern time on the same day through June 28, 2023. Factors that could cause or contribute to differences include, but are not limited to, restrictions on our business operations due to the Pandemic, customer demand for our products and market prices; the outcome of our ongoing research and development efforts relating to our products including our patented real time 3D solutions; our ability to develop the sales force required to achieve our development and other examples of forward looking statement set forth in our Annual Report on Form 10-K for the year ended October 31, 2022, filed with the Securities and Exchange Commission on January 30, 2023. The Company, founded in 1994, innovates, develops, manufactures and markets subsea products (hardware and software) and solutions including its flagship real-time 3D, 4D, 5D and 6D underwater imaging sonar technology, marketed under the name "Echoscope" and Echoscope PIPE and its recently launched Diver . Our 4G range now paves the way for many new applications due to its reduced form factor, power requirements and pricing.
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