Coda Octopus Q3 Revenue Up 9.2%, Defense Business Soars 68.3%

Coda Octopus Group reported Q3 2026 financial results, with total revenue increasing 9.2% to $7.7 million. The Marine Technology Business revenue declined 15.2% to $3.4 million due to geopolitical instability, while the Defense Engineering Services Business revenue surged 68.3% to $2.7 million. The Acoustics Sensors and Material Business revenue increased to $1.6 million. The company's diversified business model and strategic growth initiatives helped offset challenges, resulting in improved financial performance.