M&A - Coda Octopus Group, Inc.

Form Type: 10-K

Filing Date: 2025-01-29

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225004075

Filing Summary: Coda Octopus Group, Inc. through its subsidiaries operates primarily in two segments: Marine Technology and Marine Engineering. The Marine Technology segment focuses on underwater market solutions, including its proprietary Echoscope® technology for volumetric imaging and the Diver Augmented Vision Display (DAVD). These products cater to various industries including defense and commercial diving. The company emphasizes its patent strategy for innovation protection. The Marine Engineering segment supplies components for defense systems and enjoys recurring revenue with significant defense contractors. A notable development in 2024 included the acquisition of Precision Acoustics Limited, enhancing Coda's capability in ultrasound and acoustic measurement. Coda reports revenues of $20,316,161 for the fiscal year ended October 31, 2024, with the aggregate market value of equity held by non-affiliates at approximately $41,343,000.