Core Viewpoint - Coda Octopus Group, Inc. will host a conference call on January 29, 2025, to discuss its fiscal year 2024 results, with a press release to be issued prior to market opening on the same day [1][2]. Company Overview - Coda Octopus Group, Inc. is a leader in real-time 3D/4D/5D and 6D imaging sonar technology, providing solutions for subsea intelligence and augmented reality diving technology [1][4]. - The company was founded in 1994 and supplies hardware and software solutions, including proprietary imaging sonars marketed as Echoscope and Echoscope PIPE [4]. - The Echoscope PIPE sonar generates real-time images of underwater objects, even in zero visibility conditions, and is utilized in various applications such as underwater mapping, salvage, search and rescue, and marine construction [4]. Product Innovations - The newly launched Diver Augmented Vision Display (DAVD) technology integrates topside control with a diver's HUD system, enhancing communication and visualization during diving operations [5]. - DAVD technology allows operations in zero visibility conditions by integrating with the company's Echoscope sonar technology [5]. Defense Sector Involvement - Coda Octopus Group operates two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for mission-critical programs as subcontractors [6]. - These businesses provide services including concept design, prototype manufacturing, and post-sale support, leading to potential repeat orders [6]. Recent Acquisition - The company acquired Precision Acoustics Limited on October 29, 2024, enhancing its capabilities in the MHz ultrasound market and subsea product manufacturing [7]. - Precision Acoustics is recognized for its expertise in acoustic Non-Destructive Testing (NDT), which is crucial for validating the integrity of various structures [8].
Coda Octopus Group Sets Fiscal Year 2024 Earnings Conference Call for Wednesday, January 29, 2025 at 10:00 AM Eastern Time