Core Insights - Coda Octopus Group reported a significant increase in total revenue and earnings for fiscal year 2025, driven by the acquisition of Precision Acoustics and a focus on defense market adoption [4][3][12] Financial Performance - Total revenue rose to $26.6 million in fiscal 2025 from $20.3 million in fiscal 2024, marking a 30.7% increase [3][7] - Gross profit increased to $17.7 million from $14.2 million, but consolidated gross margin declined to 66.5% from 69.8% due to the addition of a lower-margin unit and a shift in sales mix [2][6] - Operating income rose to $4.5 million from $3.6 million, with net income after taxes increasing to $4.1 million, or $0.37 per diluted share [9] Business Segments - The Marine Technology segment generated 49.8% of consolidated net revenue, with 46% of its revenue coming from defense [12][13] - The Acoustic Sensors and Materials unit contributed $5.4 million, accounting for 20.4% of total revenue [7] - Hardware sales in Marine Technology increased by 30.5%, while higher-margin rental sales decreased by 36.6% [1][6] Strategic Focus - Management is prioritizing defense adoption, with significant progress reported in trials and deliveries of new products like the Echoscope NanoGen and untethered DAVD systems [5][14] - The company plans to continue its M&A strategy in fiscal 2026, seeking value-added acquisitions to drive growth [18] Cash Position - Cash and cash equivalents increased to $28.7 million as of October 31, 2025, with no debt [10][8]