CODA OCTOPUS GROUP, INC.

ORLANDO, FL, Sept. 14, 2026 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA) a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving augmented reality technology (DAVD), today reported its unaudited financial results for its fiscal third quarter ended July 31, 2026 (TQ2026). Annmarie Gayle, CODA’s Chairman and CEO, commented: “I am pleased with our overall operating results for the third quarter of fiscal 2026. During the quarter, we delivered growth in consolidated revenue, operating income and pre-tax income compared to the third quarter of fiscal 2025, while also increasing our cash position. These results were achieved despite a decline in revenue within our core Marine Technology Business, which continues to be affected by geopolitical instability arising from the ongoing conflict involving Iran. The resulting uncertainty has impacted procurement activity across key markets in the Middle East and Asia, regions that have historically represented an important source of opportunities for our Marine Technology products. However, the strength of our diversified business model enabled us to offset these challenges through strong growth in our Defense Engineering Services Business and continued progress in our Acoustics Sensors and Materials Business. The quarter demonstrates both the resilience of our operating model and our ability to continue investing in strategic growth initiatives while delivering improved financial performance The numbers shown below have been rounded to one decimal point, unless two decimal points are required for clarity. The full TQ2026 financials can be found in CODA’s Form 10-Q filed with the SEC on September 14, 2026: Total revenue was approximately $7.7 million compared to $7.1 million in TQ2025, representing an increase of 9.2%. Revenue from our core business (Marine Technology Business) was $3.4 million compared to $4.0 million in TQ2025, representing a 15.2% decrease. Revenue from our Defense Engineering Services Business was $2.7 million compared to $1.6 million in TQ2025, representing an increase of 68.3%. Revenue from the Acoustics Sensors and Material Business was $1.6 million compared to $1.5 million in TQ2025, representing an increase of 10.4%. Gross profit was $5.1 million compared to $4.8 million in TQ2025. Gross margin was 65.4% compared to 68.3% in TQ2026, reflecting the mix of type and geography of sales reported in the Period. Operating income was $1.5 million in TQ2026 compared to $1.4 million in TQ2025, representing an increase of 11.1%. Operating margin was 19.9% compared to 19.5% in TQ2025, reflecting the increase in our gross profit in conjunction with a reduction in SG&A expenditures. Pre-tax income was approximately $1.8 million in TQ2026 compared to $1.5 million in TQ2025, representing an increase of 16.0%. Net income after taxes was approximately $1.4 million in TQ2026 compared to approximately $1.3 million in TQ2025, an increase of 8.3%. Diluted earnings per share in TQ2026 was $0.12 compared to $0.11 in TQ2025. Pre-tax income as a percentage of revenues for TQ2026 was ap

Orlando, FL, Aug. 24, 2026 (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 new generation augmented reality diving technology (“DAVD”), will host a conference call on Monday, September 14, 2026 at 10:00 a.m. Eastern time to discuss its financial results for the fiscal third quarter ended July 31, 2026. A press release detailing these results will be issued before the opening of trading on September 14, 2026. The Company’s management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, September 14, 2026Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. dial-in numbers: 1-877-451-6152 or 1-201-389-0879International number: 1-201-389-0879Conference ID: 13762021 The conference call will broadcast live and be available for replay here. Persons interested in attending are required to call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please press *0. A replay of the call will be available after approximately 2:00 p.m. Eastern time on the same day through Monday, September 28, 2026 at 11:59 p.m. ET. Telephone replay numbers: 1-844-512-2921 or 1-412-317-6671International replay number: 1-412-317-6671Access ID: 13762021 About Coda Octopus Group, Inc. The Company, founded in 1994, is an established supplier to the underwater and subsea market. The Company supplies a range of proprietary hardware and software solutions, including its market-leading real-time 4D/5D/6D imaging sonar technologies, marketed under the names Echoscope®, Echoscope PIPE® and Echoscope PIPE NANO Gen Series®, as well as its next-generation diving technology, the Diver Augmented Vision Display (“DAVD”) system. The Company’s Echoscope PIPE® sonar technology generates real-time 3D/4D/5D imagery of moving objects underwater, including in zero-visibility conditions. Echoscope technology is used globally across numerous commercial offshore and defense subsea applications. Applications for Echoscope® technology include subsea mapping, intervention and asset placement; salvage and recovery; search and rescue; offshore renewable energy projects, including cable installation and surveys; marine construction; subsea infrastructure installation; mining; robotics and 3D perception; breakwater construction and monitoring; decommissioning; diving operations; and port and harbor security. The Company's recently launched DAVD technology is designed to enhance commercial and defense diving operations by providing a fully integrated system that connects topside personnel and divers. The system enables both parties to visualize the same underwater scene and exchange critical information in real time. DAVD also integrates the Company's sonar technology, enabling dive operations to be conducted in zero-visibility conditions, a common challenge in underwater environments. The Company also includes two dis

ORLANDO, FL, June 15, 2026 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA) a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving augmented reality technology (DAVD), today reported its unaudited financial results for its fiscal second quarter ended April 30, 2026 (SQ2026). Annmarie Gayle, CODA’s Chairman and CEO, commented: “I am pleased with our overall operating results for the second quarter of fiscal 2026, during which we delivered increases in both net income and earnings per share compared to the second quarter of fiscal 2025. Our financial performance improved year over year despite a decline in revenue within our core Marine Technology Business, which continues to be affected by the ongoing conflict involving Iran and the resulting instability across key markets in the Middle East and Asia. As a result, many offshore projects in the region remain on hold. Importantly, all other business units delivered revenue growth, including our Defense Engineering Services Business, which increased revenue by 37.9%. The numbers shown below have been rounded to one decimal point, unless two decimal points are required for clarity. The full SQ2026 financials can be found in CODA’s Form 10-Q filed with the SEC on June 15, 2026. Total revenue was approximately $6.9 million compared to $7.0 million in SQ2025, representing a decrease of 1.6%. Revenue from our core business (Marine Technology Business) was $2.8 million compared to $3.9 million in SQ2025, representing a 26.8% decrease. Revenue from our Defense Engineering Services Business was $2.5 million compared to $1.8 million in SQ2025, representing an increase of 37.9%. Revenue from the Acoustics Sensors and Material Business was $1.5 million compared to $1.3 million in SQ2025, representing an increase of 17.5%. Gross profit was $4.6 million compared to $4.5 million in SQ2025. Gross margin was 66.3% compared to 64.1% in SQ2026, reflecting the mix of type and geography of sales reported in the Period. Operating income was $1.8 million in SQ2026 compared to $1.1 million in SQ2025, representing an increase of 64.8%. Operating margin was 26.0% compared to 15.5% in SQ2025, reflecting the increase in our gross profit and 21.4% decrease in selling, general & administrative expenses. Pre-tax income was approximately $2.1 million in SQ2026 compared to $1.3 million in SQ2025, representing an increase of 68.6%. Net income after taxes was $1.7 million in SQ2026 compared to $0.9 million in SQ2025, an increase of 86.8%. Diluted earnings per share in SQ2026 was $0.15 compared to $0.08 in SQ2025. Pre-tax income as a percentage of revenues for SQ2026 was approximately 30.9% compared to 18.0% in SQ2025. Research and Development expenditures for SQ2026 were approximately $0.6 million compared to approximately $0.7 million in SQ2025, representing a decrease of 6.0%. SG&A in SQ2026 was approximately $2.1 million compared to $2.7 million in SQ2025, representing a decrease

Orlando, FL, May 25, 2026 (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 new generation augmented reality diving technology (“DAVD”), will host a conference call on Monday, June 15, 2026 at 10:00 a.m. Eastern time to discuss its results for its Fiscal Second Quarter 2026 ended April 30, 2026 (“SQ2026”). A press release detailing these results will be issued before the opening of trading on June 15, 2026. The Company’s management will provide prepared remarks, followed by a question-and-answer period. Date: Monday, June 15, 2026Time: 10:00 a.m. Eastern time (7:00 a.m. Pacific time)U.S. dial-in numbers: 1-877-451-6152 or 1-201-389-0879International number: 1-201-389-0879Conference ID: 13760471 The conference call will broadcast live and be available for replay here. Persons interested in attending are required to call the conference telephone number approximately 10 minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please press *0. A replay of the call will be available after approximately 2:00 p.m. Eastern time on the same day through Monday, June 29, 2026 at 11:59 p.m. ET. Telephone replay numbers: 1-844-512-2921 or 1-412-317-6671International replay number: 1-412-317-6671Access ID: 13760471 About Coda Octopus Group, Inc. The Company, founded in 1994, is an established supplier to the underwater/subsea market. It supplies a range of hardware and software solutions which includes key proprietary real time 4D/5D/6D imaging sonars, marketed under the name Echoscope®, Echoscope PIPE® and Echoscope PIPE NANO Gen Series® addressing the underwater imaging sensor market along with new generation diving technology, known as the Diver Augmented Vision Display (“DAVD”) system. The Company’s Echoscope PIPE® sonar generates real-time 3D/4D/5D images of moving objects underwater including in zero visibility water conditions. Echoscope technology is used globally for numerous applications in both the commercial offshore market and defense underwater markets. Applications for the Echoscope® technology include complex mapping underwater, subsea intervention, subsea asset placements, salvage and recovery, search and rescue, offshore renewables cable installations and surveys, marine construction, subsea infrastructure installation, mining applications, robotics (3D Perception and Depth), breakwater construction and monitoring, decommissioning, diving applications and port and harbor security. The recently launched new generation of diving technology, DAVD, has the potential to change the way global diving operations are performed (both in the Defense and Commercial space) because it is a fully integrated singular system for topside control and fully connected diver HUD system, allowing both the topside and diver to share a range of critical information and visualize the same underwater scene. Furthermore, the DAVD integrates the Company’s sonar technology, which allows dive operations to be performed in zero v

ORLANDO, FL, March 17, 2026 (GLOBE NEWSWIRE) -- Coda Octopus Group, Inc. (“CODA” or the “Company”) (Nasdaq: CODA) a global market leader in real-time 4D/5D/6D imaging sonar technology for real-time subsea intelligence and cutting-edge diving augmented reality technology (DAVD), today reported its unaudited financial results for its fiscal first quarter ended January 31, 2026 (FQ2026). Annmarie Gayle, CODA’s Chairman and CEO, commented: “I am pleased with our overall results of operations in FQ2026, especially the increase in revenue by 28.8%. Notable factors in our FQ2026 are that all our business units increased revenue in the FQ2026 period. Our core business, the Marine Technology Business increased revenue by 47.4% or approximately $1m over the FQ2025 Period. In the FQ2026, this segment’s revenue mix had a bias towards Echoscope sales, reflecting an increase in sales from the strategic region of Asia by 63.4% to approximately $2.6m compared to $1.5m in the FQ2025. The numbers shown below have been rounded to one decimal point, unless two decimal points are required for clarity. The full FQ2026 financials can be found in CODA’s Form 10-Q filed with the SEC on March 17, 2026. Total revenue was approximately $6.7 million compared to $5.2 million in FQ2025, representing an increase of 28.8%. Revenue from our core business (Marine Technology Business) was $3.4 million compared to $2.3 million in FQ2025, representing a 47.4% increase. Revenue from our Defense Engineering Services Business was $1.8 million compared to $1.6 million in FQ2025, representing an increase of 9.2%. Revenue from the Acoustics Sensors and Material Business was $1.6 million compared to $1.3 million in FQ2025, representing an increase of 20.7%. Gross profit was $4.4 million compared to $3.4 million in FQ2025. Gross margin was 65.1% compared to 65.8% in FQ2026, reflecting the mix and geography of sales reported in the Period. Operating income was $1.0 million in FQ2026 compared to $0.7 million in F2026, representing an increase of 52.6%. Operating margin was 15.1% compared to 12.7% in FQ2025, reflecting the increase in our consolidated net revenue and increase in our gross profit. Pre-tax income was approximately $1.2 million in FQ2026 compared to $0.9 million in FQ2026, representing an increase of 26.9%. Net income after taxes was $0.93 million in FQ2026 compared to $0.91 million in FQ2025, an increase of 1.9%. Diluted earnings per share in FQ2026 was $0.08 compared to $0.08 in FQ2025. Pre-tax income as a percentage of revenues for FQ2026 was approximately 17.7% compared to 17.9% in FQ2025. Research and Development expenditures for FQ2026 were approximately $0.6 million compared to approximately $0.5 million in FQ2025, representing an increase of 11.6%. SG&A in FQ2026 was approximately $2.8 million compared to $2.2 million in FQ2025, representing an increase of 23.7%. Our cash balance at the end of FQ2026 of $30.4 million represents an increase of $1.8 million over October 31, 2025, when this figure was $28.7 million