Coda Octopus Group Files 10-Q for Period Ending January 31, 2024

TL;DR

<b>Coda Octopus Group, Inc. has filed its quarterly report (10-Q) for the period ending January 31, 2024.</b>

AI Summary

Coda Octopus Group, Inc. (CODA) filed a Quarterly Report (10-Q) with the SEC on March 18, 2024. The filing is a 10-Q for Coda Octopus Group, Inc. for the period ending January 31, 2024. The company's fiscal year ends on October 31st. The filing was submitted on March 18, 2024. The company is incorporated in Delaware. The business and mailing address is in Orlando, Florida.

Why It Matters

For investors and stakeholders tracking Coda Octopus Group, Inc., this filing contains several important signals. This 10-Q filing provides a snapshot of Coda Octopus Group's financial health and operational status as of January 31, 2024, which is crucial for investors to assess recent performance. Understanding the details within this filing will help stakeholders evaluate the company's progress, identify any emerging trends, and make informed investment decisions.

Risk Assessment

Risk Level: — Coda Octopus Group, Inc. shows moderate risk based on this filing. The provided text is a header and does not contain financial performance data or operational details that would allow for a risk assessment.

Analyst Insight

Review the full 10-Q filing to analyze Coda Octopus Group's financial statements, management discussion, and risk factors for the period ending January 31, 2024.

Key Players & Entities

• Coda Octopus Group, Inc. (company) — Filer
• 3300 S HIAWASSEE RD., SUITE 104-105, ORLANDO, FL 32835 (location) — Business Address
• 2024-01-31 (date) — Period of Report
• 2024-03-18 (date) — Filed as of Date

FAQ

Industry Context

Coda Octopus Group operates in the search, detection, navigation, and guidance systems sector, specifically within aeronautical systems.

Regulatory Implications

The company is subject to SEC regulations for its public filings, including the 10-Q quarterly report.

What Investors Should Do

1. Analyze the detailed financial statements within the 10-Q.
2. Review the Management's Discussion and Analysis section for insights into performance drivers.
3. Examine the risk factors section for potential challenges and uncertainties.

Key Dates

• 2024-01-31: Period End Date — End of the reporting quarter.
• 2024-03-18: Filing Date — Date the 10-Q was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial filing information provided, and a comparison to a previous filing is not possible without more data.

Key Financial Figures

• $0.001 — s outstanding of issuer's common stock, $0.001 par value as of March 15, 2024 is 11,17

Filing Documents

• form10-q.htm (10-Q) — 829KB
• ex31.htm (EX-31) — 35KB
• ex32.htm (EX-32) — 9KB
• 0001493152-24-010216.txt (&nbsp;) — 4249KB
• coda-20240131.xsd (EX-101.SCH) — 28KB
• coda-20240131_cal.xml (EX-101.CAL) — 58KB
• coda-20240131_def.xml (EX-101.DEF) — 85KB
• coda-20240131_lab.xml (EX-101.LAB) — 226KB
• coda-20240131_pre.xml (EX-101.PRE) — 184KB
• form10-q_htm.xml (XML) — 716KB

– Financial Information

PART I – Financial Information 3 Item 1: Financial Statements 3 Consolidated Balance Sheets as of January 31, 2024 (Unaudited) and October 31, 2023 3 Consolidated Statements of Income and Comprehensive Income for the Three Months Ended January 31, 2024 and 2023 (Unaudited) 5 Consolidated Statements of Changes in Stockholders' Equity for the Three Months Ended January 31, 2024 and 2023 (Unaudited) 6 Consolidated Statements of Cash Flows for the Three Months Ended January 31, 2024 and 2023 (Unaudited) 7 Notes to Unaudited Consolidated Financial Statements 8

: Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations 19

: Quantitative and Qualitative Disclosures about Market Risks

Item 3: Quantitative and Qualitative Disclosures about Market Risks 27

: Controls and Procedures

Item 4: Controls and Procedures 27

– Other Information

PART II – Other Information 28

: Legal Proceedings

Item 1: Legal Proceedings 28

: Risk Factors

Item 1A: Risk Factors 28

: Unregistered Sales of Equity Securities and Use of Proceeds

Item 2: Unregistered Sales of Equity Securities and Use of Proceeds 28

: Default Upon Senior Securities

Item 3: Default Upon Senior Securities 28

: Mine Safety Disclosures

Item 4: Mine Safety Disclosures 28

: Other Information

Item 5: Other Information 28

: Exhibits

Item 6: Exhibits 28

Signatures

Signatures 29 2 PART I. FINANCIAL INFORMATION CODA OCTOPUS GROUP, INC. Consolidated Balance Sheets January 31, 2024 and October 31, 2023 2024 2023 Unaudited ASSETS CURRENT ASSETS Cash and Cash Equivalents $ 25,003,984 $ 24,448,841 Accounts Receivable 3,030,988 2,643,461 Inventory 12,768,672 11,685,525 Unbilled Receivables 763,123 894,251 Prepaid Expenses 392,591 181,383 Other Current Assets 813,586 1,034,626 Total Current Assets 42,772,944 40,888,087 FIXED ASSETS Property and Equipment, net 6,340,113 6,873,320 OTHER ASSETS Goodwill 3,382,108 3,382,108 Intangible Assets, net 496,195 486,615 Deferred Tax Asset 21,582 211,386 Total Other Assets 3,899,885 4,080,109 Total Assets $ 53,012,942 $ 51,841,516 The accompanying notes are an integral part of these unaudited consolidated financial statements. 3 CODA OCTOPUS GROUP, INC. Consolidated Balance Sheets (Continued) January 31, 2024 and October 31, 2023 2024 2023 Unaudited LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Accounts Payable $ 1,110,284 $ 1,308,201 Accrued Expenses and Other Current Liabilities 855,977 995,630 Deferred Revenue 786,466 975,537 Total Current Liabilities 2,752,727 3,279,368 LONG TERM LIABILITIES Deferred Revenue, less current portion 110,538 133,382 Total Liabilities 2,863,265 3,412,750 Commitments and contingencies - - STOCKHOLDERS' EQUITY Common Stock, $ .001 par value; 150,000,000 shares authorized, 11,164,483 issued and outstanding as of January 31, 2024 and 11,117,695 shares issued and outstanding as of October 31, 2023 11,165 11,118 Treasury Stock ( 61,933 ) ( 46,300 ) Additional Paid-in Capital 63,036,013 62,958,984 Accumulated Other Comprehensive Loss ( 2,412,969 ) ( 3,442,549 ) Accumulated Deficit ( 10,422,599 ) ( 11,052,487 ) Total Stockholders' Equity 50,149,677 48,428,766 Total Liabilities and Stockholders' Equity $ 53,01

View Full Filing

View this 10-Q filing on SEC EDGAR