
Monday, March 29, 2021 3:45:49 PM
They do have board members who come from a finance background, who I would like to think would be able to tell that the business is over capitalized and suggest they action some of the cash.
I think my first thought is the most likely however, that the status quo is to just keep grinding out a margin and let it hit cash. They’ve been through a rocky few years with waiting for budget, trade disputes, applying for navy approved vendor status and then the pandemic; chances are they are just super conservative. Maybe they don’t even know what the best option is, but as an investor, I would caution recommending a special dividend when they have an S4 shelf sitting out there.
Best case is the increase in volume and pouring that cash into inventory.
Recent CODA News
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 01/29/2025 12:00:52 PM
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- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 01/28/2025 07:29:34 PM
- Coda Octopus Group Sets Fiscal Year 2024 Earnings Conference Call for Wednesday, January 29, 2025 at 10:00 AM Eastern Time • GlobeNewswire Inc. • 01/17/2025 12:00:00 PM
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- Coda Octopus Group Announces that it has recently received an order for fifteen of its new generation F280® GNSS Aided Inertial Navigation Systems (“GNSS Aided INS”) for Contract Value of $576,000 • GlobeNewswire Inc. • 11/12/2024 12:00:00 PM
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- Form SC 13G/A - Statement of Beneficial Ownership by Certain Investors: [Amend] • Edgar (US Regulatory) • 09/26/2024 01:23:57 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 09/16/2024 12:01:53 PM
- Coda Octopus Group Reports Fiscal Third Quarter 2024 Financial Results • GlobeNewswire Inc. • 09/16/2024 12:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/09/2024 08:15:25 PM
- Coda Octopus Group Sets Fiscal Third Quarter 2024 Earnings Conference Call for Monday, September 16, 2024, at 10 a.m. Eastern Time • GlobeNewswire Inc. • 08/28/2024 12:00:00 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 08/12/2024 08:30:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/12/2024 08:05:06 PM
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- Coda Octopus Group Reports $906k Engineering Services Order • GlobeNewswire Inc. • 07/09/2024 12:00:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/12/2024 12:00:56 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/29/2024 08:05:19 PM
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- Coda Octopus Group Announces Launch of AI-Based Digital Audio Communications System “Voice HUB-4” After Successful Tests with Naval Customers. • GlobeNewswire Inc. • 04/29/2024 12:00:00 PM
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- Coda Octopus Group Appoints Gwenael Rouy Poirier to its Board of Directors • GlobeNewswire Inc. • 04/15/2024 10:45:00 AM
- Coda Octopus Group Reports that its Echoscope® Technology used as the Primary Survey Tool in the Francis Scott Key Bridge ongoing salvage operations. • GlobeNewswire Inc. • 04/02/2024 11:25:00 AM
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