Filing Flows › Coda Octopus Group (CODA) › Q4 FY24
Coda Octopus Group (CODA) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Jan 29, 2025
Coda Octopus Group (CODA) reported revenue of $5.1M for the fourth quarter fiscal 2024 (Q4 FY24), +42% from a year earlier and -8% from the quarter before. Operating margin was 5.7%, net earnings $326K (6.5% of revenue).
Coda Octopus Group, Q4 FY24: revenue $5.1M (+42% year over year), operating margin 5.7%, net earnings $326K, operating cash flow $2.0M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.1M | -8% | +42% |
| Gross profit | $3.3M | -19% | +44% |
| Operating profit | $288K | -79% | — |
| Net earnings | $326K | -74% | — |
| Operating cash flow | $2.0M | +16% | +98% |
| Free cash flow | $1.9M | +26% | — |
What changed
Revenue was $5.1M in Q4 FY24, up 42% year over year and down 8% from the previous quarter. Equipment Sales was the largest line at 40% of revenue.
Gross margin was 65.3%, up 1.0 points from a year earlier. Operating profit was $288K, a 5.7% margin (up 14.8 points year over year). Operating expenses grew 15% against revenue growth of 42%. The fastest-growing cost line was Research & development (+29%). Net earnings were $326K. The effective tax rate was 41.3%. Non-operating items added $268K, 48% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $2.0M (up 98% year over year), 611% of net earnings. Non-cash charges added back $190K of depreciation and amortization and $51K of share-based compensation. Working capital and other items added $1.4M. Capital expenditures of $47K left free cash flow of $1.9M.
Questions
What was Coda Octopus Group's revenue in the fourth quarter fiscal 2024?
Coda Octopus Group (CODA) reported revenue of $5.1M for the fourth quarter fiscal 2024 (Q4 FY24), +42% from a year earlier and -8% from the quarter before.
Was Coda Octopus Group profitable in the fourth quarter fiscal 2024?
Operating profit was $288K (5.7% of revenue) and net earnings $326K.
Source: Coda Octopus Group 10-K on SEC EDGAR.