CODA Coda Octopus Group, Inc.

Overview and Growth

Fiscal 2024 results for Coda Octopus Group, Inc. combined $20.32M of revenue with net income of $3.65M and an operating cash inflow of $2.45M. The $20.32M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 5.0% from $19.35M in fiscal 2023, increasing the company’s operating scale. On a per-share basis, diluted EPS was $0.32, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS increased by 14.3% from $0.28 in fiscal 2023, showing how the earnings change reached shareholders on a per-share basis. The revenue-to-assets relationship was 0.35x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

Gross profit was $14.17M, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. The gross-profit relationship equaled 69.8% of revenue, quantifying the portion retained before operating expenses were recognized. Operating income was $3.58M, the earnings remaining from reported operations after the company’s recognized operating cost structure. The operating result equaled 17.6% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. After all reported below-operating-line items, the company recorded net income of $3.65M for the fiscal year. The final earnings result represented 17.9% of revenue, connecting the absolute net income figure with the company’s top-line scale. Before income taxes, the company reported $4.61M of earnings, providing a bridge between the operating result and final net income. The pretax margin was 22.7%, relating income before taxes directly to revenue. Income tax expense totaled $965.29K, providing the reported tax component that separates pretax and after-tax earnings. Relative to pretax income, the tax provision measured 20.9%, quantifying the portion of pre-tax earnings paid in income tax. Net income equaled 6.9% of period-end equity, showing the earnings generated on shareholders’ book capital. Net income represented 6.3% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

Total assets were $57.54M, supported by $4.42M of liabilities and $53.13M of shareholder equity. At period end, current assets of $42.98M compared with current liabilities of $3.90M, defining the company’s short-term resource position. The current ratio was 11.03x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. Cash and equivalents totaled $22.48M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 576.8% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Liabilities represented 7.7% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 39.1%, a balance-sheet composition measure rather than a liquidity forecast. Total assets were 11.0% higher than fiscal 2023 assets of $51.84M, measuring the company’s own balance-sheet change.

Cash Flow and Earnings Quality

Cash flow from operations was $2.45M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 0.67x, showing the relationship between accrual earnings and operating cash. Capital expenditures used $502.52K, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Relative to operating cash flow, capital expenditures measured 20.5%, connecting investment intensity with the company’s cash-generation base. After capital spending, free cash flow was $1.95M, leaving cash available for debt reduction, shareholder returns, or further investment. The free-cash-flow margin was 9.6%, measuring cash remaining after capital spending against revenue. Free cash flow equaled 3.4% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Oct 31, 2024. Analysis generated Oct 21, 2026.