Coda Octopus Group Inc (CODA)

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How much wait in your DD going forward do you put on the pound sterling drop since bexit?

Annmarie Gayle

Approximately 45% of our revenues and associated costs are denominated in pounds and this has affected both our Income Statement and Balance Sheet.”.

http://www.codaoctopusgroup.com/2016/09/coda-octopus-group-inc-reports-fiscal-third-quarter-2016-financial-results/

Q1
We have recently seen a significant weakening of the British Pound (GBP) from around approximately $1.60 to the GBP during the summer of 2015 to approximately $1.40 recently. This has a significant adverse effect on our revenues as reported in USD.

http://www.otcmarkets.com/financialReportViewer?symbol=CDOCD&id=151623

Today GBP/USD 1 pound = USD $1.22
https://www.investing.com/currencies/gbp-usd-commentary

1.60 to 1.22 -.38c or -380k per million pounds converted.

For the nine months ended July 31, 2016 CODA achieved revenues of $14.800 million
http://www.codaoctopusgroup.com/2016/09/coda-octopus-group-inc-reports-fiscal-third-quarter-2016-financial-results/

$21.1 million for the year ended October 31, 2016
http://www.codaoctopusgroup.com/2017/01/preliminary-unaudited-financial-results-for-fiscal-year-2016/

21.1m-14.8m = 6.3m in 4thQ revenue 45% = 2.84million

Anyway a great Q