Coda Octopus Group Inc (CODA)

[TinkerBelle]

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