Coda Octopus (CODA) Reports First-Ever Positive Retained Earnings in Q3 2026 Results
Coda Octopus Group (NASDAQ:CODA) reported its fiscal third-quarter 2026 results on September 14, achieving positive retained earnings for the first time in its public history. Revenue increased 9.2% year over year to $7.7 million, and pretax income climbed 16% to $1.8 million. This milestone was driven by a 68.3% jump in defense engineering revenue to $2.7 million, which offset a 15.2% decline in marine technology sales due to instability in the Middle East.
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