Coda Octopus Group, Inc.
CODA · Search, Detection, Navigation, Guidance, Aeronautical Sys · 11.3M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$122K (gross $16K, SBC $138K)
Reference price $12.59 · est. market cap ~$142M — last insider sale, 2026-03-19 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Tiny sonar/defense-tech maker, debt-free and very profitable with strong growth and cash generation.
Strengths
- Strong margins and growth — operating margin 17.1% (75th), net margin 15.5% (87th), revenue +30.7%
- Strong cash conversion, cash-rich — FCF margin 22.7% (100th), current ratio 8.86 (87th)
Risks
- Micro-cap scale — FCF $6.0M
- Defense/marine-program lumpiness — per 10-K
- Customer concentration — per 10-K
Notable findings
- Fund exitedNotable fund(s) exited this quarter: VANGUARD GROUP INC, GOLDMAN SACHS GROUP INC
- Notable holderHeld by 4 notable fund(s): STATE STREET CORP, RENAISSANCE TECHNOLOGIES LLC, CITADEL ADVISORS LLC +1 more (as of 2026-03-31)
- New fund positionNotable fund(s) opened this quarter: FMR LLC, RENAISSANCE TECHNOLOGIES LLC
- Insider sellingInsider selling — 5 open-market sale(s) by 2 insider(s) (cluster of 2 insiders, ~$1M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
66.5%
Operating margin
17.1%
Net margin
15.5%
Return on equity
7.1%
Return on assets
6.4%
Revenue growth (QoQ)
2.9%
Net-income growth
13.3%
Current ratio
8.9×
Free cash flow
$6M
EBITDA
$5M
Tangible book value
$51M
Cash & investments
$29M
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-28 | HAMILTON MICHAEL J. | Grant | 1.1K | — |
| 2026-03-19 | Jardine Gayle Michelle | Sell | 2.3K | $12.59 |
| 2026-03-11 | Emerson John Steven | Sell | 79K | $14.99 |
| 2026-03-11 | Emerson John Steven | Sell | 1.0K | $14.45 |
| 2026-03-11 | Emerson John Steven | Sell | 3.0K | $14.45 |
| 2026-03-11 | Emerson John Steven | Sell | 3.0K | $14.45 |
| 2026-03-11 | Emerson John Steven | Gift | 100K | — |
| 2025-10-02 | Sondergaard Niels | Sell | 150K | $8.15 |
| 2025-09-23 | Sondergaard Niels | Sell | 7.0K | $8.13 |
| 2025-09-22 | Sondergaard Niels | Sell | 17K | $8.20 |
| 2025-09-19 | Sondergaard Niels | Sell | 32K | $8.23 |
| 2025-03-16 | HAMILTON MICHAEL J. | Grant | 2.3K | — |
| 2025-01-24 | Sondergaard Niels | Buy | 10K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2025-09-16 | Shareholder vote | filing ↗ |
| 2025-07-18 | Exec/director changeExhibits | filing ↗ |
| 2025-05-30 | Exec/director changeExhibits | filing ↗ |
| 2024-11-15 | Reg FDExhibits | filing ↗ |
| 2024-09-09 | Shareholder vote | filing ↗ |
| 2024-05-29 | Exec/director changeExhibits | filing ↗ |
| 2024-04-15 | Exec/director changeExhibits | filing ↗ |
| 2024-03-08 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 10-Q | 2026-06-15 | 2026-04-30 | 0001493152-26-028609 ↗ |
| 10-Q | 2026-03-17 | 2026-01-31 | 0001493152-26-010399 ↗ |
| 10-K/A | 2026-02-26 | 2025-10-31 | 0001493152-26-008174 ↗ |
| 10-K | 2026-01-29 | 2025-10-31 | 0001493152-26-004135 ↗ |
| 8-K | 2025-09-16 | 2025-09-10 | 0001493152-25-013626 ↗ |
| 10-Q | 2025-09-15 | 2025-07-31 | 0001493152-25-013374 ↗ |
| 8-K | 2025-07-18 | 2025-07-17 | 0001641172-25-020100 ↗ |
| 10-Q | 2025-06-16 | 2025-04-30 | 0001641172-25-015171 ↗ |
| 8-K | 2025-05-30 | 2025-05-27 | 0001641172-25-013037 ↗ |
| 10-Q | 2025-03-17 | 2025-01-31 | 0001493152-25-010461 ↗ |
| 10-K | 2025-01-29 | 2024-10-31 | 0001493152-25-004075 ↗ |
| 8-K | 2024-11-15 | 2024-11-15 | 0001493152-24-046161 ↗ |