Replies to post #3398 on Coda Octopus Group Inc (CODA)

[Traderfan]

Totally agree on the size. People should of course always make sure that they don't put more than a few percent of their portfolios into these stocks anyway. In the case of CDOC though, I don't think that it's 75% chance of losing it all here. It's actually one of the more solid micro and nano caps I follow and own. But then again I play mainly in this sector so that's probably the reason. lol

[10 bagger]

“Second quarter Total Revenues of $18.6 million exceeded our previously announced expectations with
contributions from organic Service Revenues and acquisitions,” said Robert Costantini, Chief Financial
Officer of ORBCOMM. “We are pleased to maintain strong profitability while we incur costs to pursue
major revenue opportunities.”
Financial Results and Highlights
Revenues
For the second quarter ended June 30, 2013, Service Revenues were $13.5 million compared to $12.4
million during the same period last year, an increase of $1.1 million, with growth in our existing
business, AIS and $0.5 million from acquisitions. The year-over-year increase of 8.9% was impacted by
a $0.2 million reduction related to the Yen exchange rate on a constant currency basis in the quarter.
Product Sales during the second quarter of 2013 were $5.0 million compared to $3.9 million during the
same period last year. The year-over-year increase of $1.1 million or 29.2% in Product Sales included a
17% increase of $0.4 million in organic Product Sales in Direct Channel, and $1.8 million of Product
Sales from the acquisitions of GlobalTrak and MobileNet, compensating for lower products sales from
Japan of $1.1 million in the quarter that includes an exchange rate impact of $0.2 million on a constant
currency basis.
Total Revenues for the quarter ended June 30, 2013 were $18.6 million compared to $16.3 million
during the same period of 2012, an increase of 13.7% as described above.