Added to YB: 2026-04-16
Pitch date: 2026-04-14
CODA [bullish]
Coda Octopus Group, Inc.
+0.62%
current return
Author Info
Shawarma Capital wraps deep research on hardware, semis, defense autonomy, and more, into long-form memos you can actually digest. Sign up for the newsletter.
Company Info
Coda Octopus Group, Inc., together with its subsidiaries, sells and rentals underwater technologies and equipment for real time 3D imaging, mapping, defense, and survey applications in the United States, Europe, Australia, Asia, the Middle East, and Africa.
Market Cap
$148.8M
Pitch Price
$12.93
Price Target
N/A
Dividend
N/A
EV/EBITDA
18.66
P/E
35.79
EV/Sales
4.23
Sector
Electronic Equipment, Instruments and Components
Category
growth
A Microcap Owns the Only Real-Time 3D Sonar on Earth. The Navy Just Started Buying It in Bulk. - Coda Octopus Group, Inc.
CODA: Defense tech w/ only real-time 3D sonar globally, 70+ patents, 66.5% gross margin (2x defense avg). FY25 rev $26.6M (+31% YoY), DAVD diving system rev $3.7M (+208% YoY) across 9 Navy commands. Projected DAVD ramp: $8-10M FY26, $14-18M FY27, $24-32M FY28. 78% defense mix (from 55%). $26M cash, zero debt, $110M mkt cap = 3.2x rev vs 4-6x defense peers. UUV market $4.8B→$11.1B by 2030. Target <$14, hold multi-year.
Read full article (8 min)