Coda Octopus Group, Inc.: management transactions · United States · SEC (Form 4)

About Coda Octopus Group, Inc.

Coda Octopus Group, Inc. (ticker: CODA) is a U.S.-listed company on the Nasdaq Capital Market, part of the Nasdaq exchange, and it is headquartered operationally in Orlando, Florida, United States. Founded in 1994, the company has built a niche position in subsea technology, with a focus on real-time sonar imaging, underwater situational awareness, and diver-assistance systems. For French-speaking investors in France, Belgium, and Switzerland, CODA is best viewed as a small-cap defense and industrial technology company with exposure to government spending, marine infrastructure activity, and product-driven innovation. The group currently operates through three main business units: the Marine Technology Business, which sells sonar imaging systems and related software/hardware solutions; the Defense Engineering Services Business, which provides engineering and manufacturing support for defense programs; and the Acoustics Sensors and Materials Business, added through the acquisition of Precision Acoustics Limited in October 2024. This acquisition broadened the company’s technical capabilities and strengthened its positioning in adjacent subsea sensing markets. The company’s flagship technology remains Echoscope®, its proprietary 4D/5D/6D imaging sonar platform, alongside DAVD (Diver Augmented Vision Display), an augmented-vision solution designed for divers operating in low- or zero-visibility environments. In competitive terms, Coda Octopus occupies a specialized, high-differentiation niche rather than a scale-driven commodity market. Management describes the business as a leader in real-time underwater imaging sonar, with applications in defense, marine construction, subsea infrastructure inspection, port and harbor security, and autonomous underwater vehicle platforms. Its geographic footprint is international, with operations spanning the United States, the United Kingdom, and Denmark, while products are sold globally. Recent developments indicate a constructive operational trend. In fiscal 2025, the company reported higher revenue and improved profitability, while noting the full-year contribution from PAL. Management also highlighted continued progress on the DAVD program, including new orders and broader adoption across multiple U.S. Navy commands, as well as evaluation work for Echoscope on next-generation underwater vehicle platforms. In March 2025, Coda Octopus Colmek announced $1.3 million of engineering orders from the U.S. government. Overall, CODA combines proprietary technology, defense-related demand, and a growing installed base of mission-critical subsea solutions.