Coda Octopus Group, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>Coda Octopus Group, Inc. has filed its annual 10-K report for the fiscal year ending October 31, 2023, detailing its financial performance and business operations.</b>

AI Summary

Coda Octopus Group, Inc. (CODA) filed a Annual Report (10-K) with the SEC on January 29, 2024. Coda Octopus Group, Inc. filed its 10-K report for the fiscal year ending October 31, 2023. The company is incorporated in Delaware and operates in the Search, Detection, Navigation, Guidance, Aeronautical Systems industry. The filing covers the period from November 1, 2022, to October 31, 2023. The company's principal business address is in Orlando, Florida. The report was filed on January 29, 2024.

Why It Matters

For investors and stakeholders tracking Coda Octopus Group, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of Coda Octopus Group's financial health, operational activities, and strategic direction for the fiscal year 2023. Investors and stakeholders can use this report to assess the company's performance, identify potential risks, and make informed investment decisions regarding Coda Octopus Group.

Risk Assessment

Risk Level: medium — Coda Octopus Group, Inc. shows moderate risk based on this filing. The company's 10-K filing does not contain specific financial performance data or risk factor details in the provided text, making a precise risk assessment difficult.

Analyst Insight

Review the full 10-K filing for detailed financial statements, management discussion and analysis, and risk factors to understand Coda Octopus Group's current financial standing and future outlook.

Key Numbers

• 2023-10-31 — Fiscal Year End (Conformed Period of Report)
• 2024-01-29 — Filing Date (Filed as of Date)
• 3812 — SIC Code (Standard Industrial Classification)

Key Players & Entities

• Coda Octopus Group, Inc. (company) — Filer name
• 0001493152-24-004039 (other) — Accession Number
• 20231031 (date) — Conformed Period of Report
• 20240129 (date) — Filed as of Date
• 3812 (other) — Standard Industrial Classification Code
• DE (other) — State of Incorporation
• 3300 S HIAWASSEE RD., SUITE 104-105, ORLANDO, FL 32835 (address) — Business Address
• 001-38154 (other) — SEC File Number

Forward-Looking Statements

• Coda Octopus Group will continue to operate within the 'Search, Detection, Navigation, Guidance, Aeronautical Systems' industry. (Coda Octopus Group, Inc.) — high confidence, target: 2025-10-31

FAQ

Industry Context

Coda Octopus Group operates within the Search, Detection, Navigation, Guidance, and Aeronautical Systems industry.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the requirement to submit a Form 10-K annually.

What Investors Should Do

1. Obtain and thoroughly review the complete 10-K filing for Coda Octopus Group, Inc.
2. Analyze the financial statements and Management's Discussion and Analysis (MD&A) section for detailed performance metrics.
3. Identify and assess the specific risk factors outlined in the filing to understand potential challenges.

Year-Over-Year Comparison

This is the initial filing provided for analysis; no prior filing data is available for comparison.

Key Financial Figures

• $0.001 — b) of the Exchange Act: COMMON STOCK, $0.001 PAR VALUE PER SHARE Securities regist
• $19,352,088 — venues for its most recent fiscal year: $19,352,088 State the aggregate market value of t
• $750,000 — rd quarter we received joint funding of $750,000 for the delivery of 8 DUS evaluation sy
• $2m — unding for this scope is expected to be $2m. This is the first time we have had fir

Filing Documents

• form10-k.htm (10-K) — 1955KB
• ex23-1.htm (EX-23.1) — 4KB
• ex31-1.htm (EX-31.1) — 17KB
• ex32.htm (EX-32) — 7KB
• form10-k_001.jpg (GRAPHIC) — 87KB
• 0001493152-24-004039.txt (&nbsp;) — 8719KB
• coda-20231031.xsd (EX-101.SCH) — 65KB
• coda-20231031_cal.xml (EX-101.CAL) — 81KB
• coda-20231031_def.xml (EX-101.DEF) — 135KB
• coda-20231031_lab.xml (EX-101.LAB) — 450KB
• coda-20231031_pre.xml (EX-101.PRE) — 307KB
• form10-k_htm.xml (XML) — 1685KB

BUSINESS

BUSINESS 4 ITEM 1A. RISK FACTORS 16 ITEM 1B. UNRESOLVED STAFF COMMENTS 16 ITEM 1C. CYBERSECURITY 16 ITEM 2.

PROPERTIES

PROPERTIES 17 ITEM 3. LEGAL PROCEEDINGS 17 ITEM 4. MINE SAFETY DISCLOSURES 17 PART II ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 18 ITEM 6. SELECTED FINANCIAL DATA 18 ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 19 ITEM 7A.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 34 ITEM 8. FINANCIAL 34 ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 34 ITEM 9A CONTROLS AND PROCEDURES 34 ITEM 9B OTHER INFORMATION 34 ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS. 34 PART III ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 35 ITEM 11. EXECUTIVE COMPENSATION 41 ITEM 12. SECURITY 43 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 44 ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 44 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES 45

SIGNATURES

SIGNATURES 46 2 FORWARD-LOOKING This annual report on Form 10-K (this "Annual Report") contains forward-looking statements, which are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact but rather reflect our current expectations, estimates and predictions about future results and events. These "intend," "predict," "project" and similar expressions or variations of such words are intended to identify forward-looking statements but are not the exclusive means of identifying forward-looking statements in this Annual Report. The identification of certain statements as "forward-looking" is not intended to mean that other statements not specifically identified are not forward-looking. All statements other than statements about historical facts are statements that could be deemed forward-looking statements, including, but not limited to, statements that relate to our future revenue, product development, customer demand, market share, growth rate, competitiveness, gross margins, levels of research, development and other related costs, expenditures, tax expenses, cash flows, our management's plans and objectives for our current and future operations, the levels of customer spending or research and development activities, and related events, general economic conditions, and the sufficiency of financial resources to support future operations and capital expenditures. When we make forward-looking statements, we are basing them on our management's beliefs and assumptions, using information currently available to us. These forward-looking statements are subject to risks, uncertainties, and assumptions, including but not limited to, risks, uncertainties and assumptions discussed in this Annual Report. Factors that can cause or contribute to these differences include t

View Full Filing

View this 10-K filing on SEC EDGAR