Filing Flows › Coda Octopus Group (CODA) › Q2 FY25
Coda Octopus Group (CODA) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jun 16, 2025
Coda Octopus Group (CODA) reported revenue of $7.0M for the second quarter fiscal 2025 (Q2 FY25), +32% from a year earlier and +35% from the quarter before. Operating margin was 15.5%, net earnings $909K (13.0% of revenue).
Coda Octopus Group, Q2 FY25: revenue $7.0M (+32% year over year), operating margin 15.5%, net earnings $909K, operating cash flow $1.5M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0M | +35% | +32% |
| Gross profit | $4.5M | +31% | +20% |
| Operating profit | $1.1M | +64% | -19% |
| Net earnings | $909K | -0.5% | -36% |
| Operating cash flow | $1.5M | +128% | — |
| Free cash flow | $1.4M | +172% | — |
What changed
Revenue was $7.0M in Q2 FY25, up 32% year over year and up 35% from the previous quarter. Equipment Sales was the largest line at 64% of revenue. Equipment Sales added $2.3M year over year (up 106%), 137% of the total change. Equipment Rentals declined 76%.
Gross margin was 64.1%, down 6.1 points from a year earlier. Operating profit was $1.1M, a 15.5% margin (down 9.9 points year over year). Operating profit fell $263K even though revenue rose $1.7M versus a year earlier, so costs grew faster than sales. Operating expenses grew 43% against revenue growth of 32%. The fastest-growing cost line was SG&A (+47%). Net earnings were $909K, down 36% year over year. The effective tax rate was 28.2%.
Operating cash flow was $1.5M, 161% of net earnings. Non-cash charges added back $336K of depreciation and amortization and $66K of share-based compensation. Working capital and other items added $152K. Capital expenditures of $68K left free cash flow of $1.4M.
Questions
What was Coda Octopus Group's revenue in the second quarter fiscal 2025?
Coda Octopus Group (CODA) reported revenue of $7.0M for the second quarter fiscal 2025 (Q2 FY25), +32% from a year earlier and +35% from the quarter before.
Was Coda Octopus Group profitable in the second quarter fiscal 2025?
Operating profit was $1.1M (15.5% of revenue) and net earnings $909K.
Source: Coda Octopus Group 10-Q on SEC EDGAR.