MarketPR
Defense engineering throughput at Coda Octopus Group (NASDAQ: CODA) carried third-quarter fiscal 2026 results past a threshold the company had never cleared in its public life: positive retained earnings.
Revenue for the quarter came in at $7.7 million, up 9.2% year over year, and pretax income grew 16% to $1.8 million, even as the marine technology segment that historically anchored the business contracted on geopolitical headwinds across the Middle East and parts of Asia.
Defense engineering and DAVID order book Defense engineering revenue rose 68.3% to $2.7 million.
Sustainment spares orders have crossed $2.4 million year to date, and one prime contractor customer's multiyear repair and sustainment award has since fed additional subcontract work back to the company.
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