Sep. 15 at 11:31 AM
🐙
$CODA making waves! Shares are on the move after Q3 results showed 29% YoY revenue growth to
$7.1M. Marine Tech sales jumped +31%, while its new Acoustics Sensors unit added
$1.5M right out of the gate.
📈 EPS beat at
$0.11 vs
$0.10 est, and cash rose to
$26.2M 💰. Guidance looks strong with DAVD sales expected to climb to
$3.5M–
$4M (up from
$1.2M last year), including deliveries to the U.S. Navy.
⚓ The launch of its ultra-compact Echoscope PIPE NANO GEN Series is drawing defense interest and could expand CODA’s footprint in underwater robotics + situational awareness tech.
🔥 With new products, Navy contracts, and strong R&D,
$CODA is proving it’s not just surviving the choppy waters — it’s steering straight into growth.