Coda Octopus Group, INC. World Leader in Sound Underwater Technology Forward-Looking Statements Corporate Presentation March 17, 2026 1 This presentation contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's ...

Core Insights - Coda Octopus Group, Inc. reported a 29.0% increase in total revenue for the fiscal third quarter ended July 31, 2025, reaching approximately $7.1 million compared to $5.5 million in the same quarter of the previous year [2][6][9] - The company continues to invest in its growth strategy, particularly through the Diver Augmented Vision Display (DAVD) program, with expected sales of $3.5 million to $4.0 million for fiscal year 2025, up from $1.2 million in the previous fiscal year [3][4] Financial Performance - Revenues from the Marine Technology Business increased by 30.7% to $4.0 million, while revenues from the Marine Engineering Business decreased by 33.2% to $1.6 million [6][9] - Gross profit for TQ2025 was $4.8 million, with a gross margin of 68.3%, down from 73.9% in TQ2024 [6][9] - Operating income was $1.38 million, a slight decrease of 0.8% from $1.39 million in TQ2024, with an operating margin of 19.5% [6][9] Product Development and Market Opportunities - The company successfully completed the DUS Hardening Program, leading to an order for sixteen DAVD untethered systems from the U.S. Navy, which were delivered in TQ2025 [4][5] - The launch of the Echoscope PIPE NANO GEN SERIES® is expected to open new market opportunities, particularly in defense and underwater robotics, with the UUV market projected to grow from $4.8 billion in 2024 to $11.1 billion by 2030 [10][15] Cash Position and Investments - Coda Octopus Group's cash balance increased to $26.2 million at the end of TQ2025, up from $22.5 million at the end of October 2024 [8] - Research and Development expenditures rose by 15.3% to approximately $0.6 million, reflecting the company's commitment to innovation [12]

Core Insights - Coda Octopus Group, Inc. has received ISO:17025 accreditation for its subsidiary Precision Acoustics Limited, recognizing its ultrasonic hydrophone calibration capabilities [1][2] - This accreditation places the company among a select group, being one of only two organizations in the UK with this certification, enhancing its reputation in precision ultrasonic measurement [2] - The company specializes in underwater imaging technology and has a range of products including Echoscope® and Diver Augmented Vision Display (DAVD) systems [3][4] Group 1: Accreditation and Recognition - The ISO/IEC 17025 accreditation is significant for markets requiring precision ultrasonic measurement and safety compliance, including high-risk applications [2] - Precision Acoustics has manufactured and calibrated thousands of hydrophone systems and supplied over 10,000 transducers, reinforcing customer confidence in its products [2] Group 2: Product Offerings - Coda Octopus Group provides advanced hardware and software solutions for the underwater/subsea market, including real-time 4D/5D/6D imaging sonars [3] - The Echoscope PIPE® sonar generates real-time images of moving underwater objects, even in zero visibility conditions, and is used in various applications such as mapping, salvage, and offshore renewables [3] - The newly launched DAVD system integrates sonar technology for improved diving operations, allowing for shared critical information between topside and divers [4] Group 3: Business Expansion - The company recently acquired Precision Acoustics Limited, a leader in ultrasound and acoustic measurement, focusing on medical imaging and Non-Destructive Testing (NDT) [5] - Coda Octopus Group also includes defense engineering businesses that supply sub-assemblies for mission-critical programs, providing opportunities for repeat orders [8]

Core Viewpoint - Coda Octopus Group, Inc. has received a significant order for sub-components from a long-term customer, indicating a positive outlook for its Defense Engineering Services Business as Europe increases defense spending and expedites defense programs [1][2]. Company Overview - Coda Octopus Group, Inc. is a supplier to the underwater/subsea market, providing hardware and software solutions, including proprietary real-time 4D/5D/6D imaging sonars and the Diver Augmented Vision Display (DAVD) system [3]. - The Echoscope technology is utilized globally for various applications in both commercial offshore and defense underwater markets, including complex mapping, subsea intervention, and marine construction [3]. - The DAVD system integrates sonar technology, enabling dive operations in zero visibility conditions, which is a common challenge in diving operations [4]. Recent Developments - The company has acquired Precision Acoustics Limited, a leader in the ultrasound and acoustic measurement field, enhancing its capabilities in medical imaging and Non-Destructive Testing (NDT) [5]. - Coda Octopus Group operates two defense engineering businesses: Coda Octopus Martech Ltd in the UK and Coda Octopus Colmek, Inc. in the U.S., focusing on supplying sub-assemblies for mission-critical programs [6].

Core Viewpoint - Coda Octopus Group, Inc. has received two orders totaling $1.3 million from the US Government for proprietary parts used in a critical Defense program, indicating a positive trend in easing delays in U.S. Defense Programs since fiscal year 2024 [1][2]. Company Overview - Coda Octopus Group, founded in 1994, specializes in advanced underwater technologies, providing hardware and software solutions including 4D/5D/6D imaging sonars like Echoscope® and Echoscope PIPE® [3]. - The company also offers the Diver Augmented Vision Display (DAVD) system, which enhances diving operations by integrating sonar technology for use in zero visibility conditions [4]. Recent Developments - The recent orders from the US Government are significant as they are contracted directly with Coda Octopus, potentially leading to more direct contract opportunities [2]. - The Engineering Business aims to restore its revenue to pre-COVID levels of $10 million, supported by increasing programs for proprietary sub-components and tactical mission computers [2]. Acquisitions and Expansion - Coda Octopus recently acquired Precision Acoustics Limited, a leader in ultrasound and acoustic measurement, enhancing its capabilities in medical imaging and Non-Destructive Testing (NDT) [5]. - The company operates two defense engineering businesses, Coda Octopus Martech Ltd and Coda Octopus Colmek, which supply sub-assemblies for broader mission-critical programs, contributing to a long-tail recurring revenue profile [6].