Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
CODA 8K
Item 7.01 Regulation FD Disclosure
On October 4, 2021, Coda Octopus Group, Inc. (the “Company”) presented at a publicly accessible webinar to prospective investors.
The Company’s Chief Executive Officer discussed the Company’s growth strategy and laid out the key pillars central to its growth, namely the new generation Echoscope®, the Diver Augmented Vision Display System (DAVD) and the new generation Thermite®. She also explained that she expected margins to be maintained and that the Company’s growth strategy will be funded by cash generated by the Company and that she did not expect the Company to take on new debt. She further explained that the investments required for realizing the Company’s growth will be made primarily in additional staff and the expansion of production facilities. She also stated that she expected the current HSBC debt to be repaid by the end of this calendar year and that the Company’s balance sheet will be unleveraged.
The Company’s Chief Executive Officer also discussed that the Company is focused on the following revenue targets for the next two years:
FY Total Revenue
2022 $28 million
2023 $40 million
Management’s revenue targets do not constitute projections. They merely represent objectives for the Company along with some of the conditions that need to exist for these targets to be realized. There can be no assurance that the Company’s targets will be realized. The targeted and actual results will vary, and those variations may be material and likely to increase over time, and the inclusion of the Company’s objectives/targets herein shall not be regarded as a representation or guarantee by the Company or any other person that these objectives/targets will be achieved.
Forward-Looking Statements
Information set forth in this Current Report contains forward-looking statements within the meaning of the federal securities laws and the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks and uncertainties. A discussion of factors that may affect future results is contained in the Company’s Annual Report on Form 10-K for the year ended October 31, 2020, as such factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission. The Company disclaims any obligation to update forward-looking statements, except as may be required by law.
The information in this Current Report on Form 8-K is being furnished under Item 7.01 and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”), or otherwise subject to the liabilities of such section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
CODA Q2 is due by March 15th! :)
CODA Q3 due by Sept 15th
Or maybe 17th since 15th is on a Saturday?
CODA Today they presented at the
19th Annual B. Riley Institutional Investor Conference
Must have been good with the high volume today
https://www.codaoctopusgroup.com/press-releases/detail/129/coda-octopus-group-to-present-at-the-19th-annual-b
CODA Coda Octopus Group to Present at the 19th Annual B. Riley Institutional Investor Conference
https://www.codaoctopusgroup.com/news-events
CODA Corporate presentation
January 11, 2018
https://content.equisolve.net/_c99bf8cd5f5bef62b3424f878655f733/codaoctopusgroup/db/333/2230/pdf/Coda+Octopus+Group+%28CP%29+January+2018.pdf
CODA New Corporate Presentation December 2017
https://content.equisolve.net/_7aaf45aa7705cd76a2d4ecb92e155ea2/codaoctopusgroup/db/333/2230/pdf/CP+December+%282017%29+AMG.pdf
Does anyone know.....Are the rules for deadlines for annual reports on NASDAQ the same as when they were in pinks? 3 Months?
TIA
CODA is definitely working on doing a lot of hiring
http://www.codaoctopus.com/news-press/archive/2017/11
See:
2017
September
October
November
Q3 earnings due by end of next week
Volume up today and yesterday
Over 30K yesterday
Heading there again today so far
Kaad_g I too was pretty much expecting the same when CODA uplisted to NASDAQ, but I guess it just needs a little more time.
From the Press Release of the Second Quarter Financial Results, Net Income increased by 52.1% in the first half of 2017. We will see how the rest of 2017 goes :)
"For the six months ended April 30, 2017 CODA achieved revenues of $10.637 million, up from $10.522 million for the first half of fiscal year 2016, and net income of $2.847 million, up from $1.872 for the first half of 2016. In the first half of the 2017 fiscal year, beginning November 1, 2016, revenues increased by 1.1% and net income increased by 52.1%, compared to the first half of fiscal year 2016. Total operating expenses for the first half of fiscal year 2017 compared to the first half of fiscal year 2016 were reduced by 1%, from $3.578 million to $3.545 million. The Company's reports are available at http://www.otcmarkets.com/stock/COGI/filings."
Annmarie Gayle, CODA's CEO commented: "The results for the first six months of fiscal 2017 continue to show the significant progress being made by the Group. This is despite the challenges in the oil and gas market and the uncertainties regarding the U.S. Government's funding priorities in defense procurement following the Presidential election. However, even with these market headwinds, we are pleased that key indicators in our latest balance sheet include stockholders' equity that reached $13.680 million on April 30, 2017, compared to $10.155 million on October 31, 2016."
http://www.codaoctopusgroup.com/press-releases/detail/116/coda-octopus-group-inc-reports-fiscal-second-quarter-2017
Thanks 1center :)
CODA New Corporate Presentation coming out tomorrow dated July 2017 according to 8K released after hours.
Not sure what the differences are from the one I posted earlier for June 2017.
http://content.stockpr.com/sec/0001493152-17-008030/0001493152-17-008030.pdf
CODA Newest presentation June 2017
Check out page 13 ~ Coda Technology Delivering Significant Performance Gains.
http://content.equisolve.net/_9f25a63bbd896102a29ba2b7b9d68cb7/codaoctopusgroup/db/333/2230/pdf/CODA_Corporate+Presentation_June+2017+Final.pdf
Q2 financials due next week by June 15th
LAKELAND, FL, March 16th, 2017 - Coda Octopus Group, Inc. (CODA) (OTC: COGI) announced its unaudited financial results for the fiscal 2017 first quarter ended January 31, 2017.
CODA reported total revenue of $5.358 million for the three months ended January 31, 2017 compared to $4.776 million for the three months ended January 31, 2016. The Company reported net income of $1.572 million for its fiscal first quarter 2017 compared to $289,520 for the comparable quarter of 2016. Operating expenses for the fiscal first quarter were $1.657 million compared to $1.788 million for the comparable quarter of 2016. The Company's balance sheet on January 31, 2017 stood at $11.058 million in total stockholder's equity compared with $10.154 million at fiscal year-end of October 31, 2016.
Annmarie Gayle, CODA's CEO commented: "We are pleased to report a 12% increase in revenues for the fiscal 2017 first quarter over the same period last year, and a 443% increase in net income. These results were achieved despite the challenges posed by the off-shore oil and gas drilling downturn, UK's pending withdrawal from the European Union, and the continuing pressures of the lower value of the UK Pound against the US Dollar, our reporting currency. Approximately 45% of our revenues and associated costs are denominated in UK Pounds, and this has affected both our Income Statement and Balance Sheet.
"Our uplisting to the OTCQX during this past fiscal quarter was a significant corporate milestone for the Group and a testament to our progress across the Group. Combined with our reverse stock split in January, and recent filing of Form 10 with the SEC these moves strengthened the framework for increased shareholders' value as we continue to register strong growth," added Ms. Gayle.
"In February we reported multiple Echoscope® real-time 3D sonar technology sales for a breakwater construction project on North Africa's West Coast. We also announced the successful completion of our technology's deployment for an extensive ground improvement project intended for one of the largest oil refining plants in the Middle East," said Ms. Gayle. "Looking ahead, we continue to make good research and development progress on the expansion of our industry-leading Echoscope® product line. We plan to launch the fourth generation of our technology, Echoscope® 4G, in different form factors for multiple market applications, during fiscal year 2018.
"Additionally, our engineering subsidiary, Colmek, has completed the first phase of the technical refresh of Thermite®, a rugged vehicle-based computer used widely for manned and unmanned military vehicle applications. This is an exciting product line for the Company and a significant part of Colmek's future growth is expected from the adoption of this upgraded product. Our research and development program continues to be at the heart of Coda's growth strategy, and has been key in posting the strong results in this quarter," concluded Ms. Gayle.
The Company's quarterly reports and Fiscal Year 2016 Annual Report are available at https://www.otcmarkets.com/stock/COGI/filings .
About Coda Octopus Group, Inc.
Originally founded in 1994 as Coda Technologies, the Coda Octopus Group's patented real-time 3D subsea sonar technology, Echoscope®, enables real-time 3D imaging and mapping in zero visibility conditions underwater, and is used globally in numerous applications including defense, marine construction, oil and gas subsea infrastructure installation and surveys, and port and harbor security. For further information, please visit http://www.codaoctopusgroup.com or contact Coda Octopus at info@codaoctopusgroup.com.
Thanks for the info 1center!
Looking for their Q1 filing after closing today, or extension?
Q1 due by Wednesday the March 15th
Since the news was put out on Feb 6, 2017, I was wondering if the 'multiple' sale would show up in Q1 or Q2 financials.
If they were sold in January it would be in Q1, if February it would show in Q2
Q1 should be out by March 15, 2017
Coda Octopus Reports Successful Deployment of the Echoscope® on a Breakwater Construction Project
https://www.otcmarkets.com/stock/COGI/news
Great news they put out a few days ago! Nice find multivalue!
Seeing that Coda's 3D products sell for I believe,
$250,000 to $500,000!
Coda Octopus Reports Multiple Echoscope® Sale to SGTM/STFA Joint Venture
http://finance.yahoo.com/news/coda-octopus-reports-multiple-echoscope-140201983.html
More SEC filings
http://www.otcmarkets.com/stock/CDOC/filings
Cre8tive Works Plans to Acquire Hotel Property
Mar 01, 2016
OTC Disclosure & News Service
-
Cre8tive Works Plans to Acquire Hotel Property
MIAMI BEACH, FL--(Marketwired - Mar 1, 2016) - Cre8tive Works, Inc. ("Cre8tive") (OTC PINK: FILM) announces the expansion of a business plan to incorporate supporting businesses to the film studios. Cre8tive is actively seeking the acquisition of, or operational license on a 200-300 room hotel facility in the surrounding area of the planned film studio facilities in the United States Commonwealth of the Northern Marianas Islands (CNMI) to be used as a boutique hotel facility. It will be necessary to have a lodging base for film and media personnel as they come to Saipan to utilize the facilities for their film projects. The US Commonwealth currently is experiencing a lack of operating and available hotel rooms to accommodate their increasing numbers of tourists, mostly out of Asia, but does have a number of facilities that are available turn-key or for refurbishment. Cre8tive has begun interviewing a number of Venture Capital firms to assist with non-dilutive funding for this type of project, separate from the planned film studios.
Cre8tive has already identified viable facilities to be transformed into soundstages while working directly with a local real estate company, Marianas Living, while in Saipan and is actively considering various unique non-dilutive financing tools for these types of real estate acquisitions.
The US Commonwealth of the Northern Marianas Islands, along with Puerto Rico, are insular areas of the United States and considered the only two United States territories with "commonwealth" status. https://goo.gl/qHGKvU
Saipan, the island capital of the US Commonwealth of the Northern Mariana Islands and was recently portrayed on the HGTV show "Beachfront Bargain Hunt." http://goo.gl/WPgXhm
About Cre8tive Works, Inc.
Cre8tive Works specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return. Cre8tive Works intends to focus on various countries that comprise the Asian film market.
Forward Looking Statements
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See Cre8tive Works, Inc.'s filings with OTC Markets which may identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Cre8tive Works, Inc.
1000 Fifth Street, Suite 200-B3
Miami Beach, Florida 33139
Telephone: 786-924-6579
Investor Inquiries: IR@Cre8tiveWorks.net
Website: www.Cre8tiveWorks.net
Facebook: www.facebook.com/Cre8tiveWorksInc
Twitter: @Cre8tive_Works
Copyright © 2016 Marketwired. All Rights Reserved
http://www.otcmarkets.com/stock/FILM/news
Not sure if this has been posted yet:
http://www.investinedinburgh.com/invest-blog/create-in-shenzhen-winners-announced/
Annual filing due by January 31, 2016 ~ I believe :)
Awesome video of art using Echoscope! Thanks 1center :o)
Will be back to current shortly with these filings....just in time for audited financials to come out by end of second quarter, end of June
http://www.otcmarkets.com/stock/BAYP/filings
They just need to redo the upload to correct the portions cut off
Quarter 1 Report filed http://www.otcmarkets.com/stock/FILM/filings
I was replying about the recent Annual Filing......
as you said: