Coda Octopus Group, Inc. · NASDAQ:CODA
Coda Octopus — Q2 2026 Earnings Presentation
59 slides from Coda Octopus's earnings presentation, Jun 15, 2026
Slide 1: Coda Octopus Group, Inc. Corporate Presentation
Coda Octopus Group, INC. World Leader in Sound Underwater Technology Corporate Presentation April 27, 2026 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements concerning Coda Octopus Group, Inc. within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those forward-looking statements inclu
Slide 3: CEO Vision Statement
CEO Vision Statement To focus on our top priority to grow the Company through the exploitation of our world leading disruptive underwater technologies (Echoscope PIPE®, Echoscope PIPE NANO Gen Series®, DAVD and Voice HUB 4) and through selective value accretive acquisition of complementary technolog
Slide 4: Investors Overview
Investors ‘ Overview y
Slide 5: Overview
Overview Underwater Technology Solutions Business Market leader in underwater imaging sonar • Established business with strong pedigree in technology. We have the world’s only 4D, 5D and 6D sonar capability. This is the only sonar introducing disruptive underwater technologies generating up to 40 mi
Slide 6: New to the Group
New to the Group • Precision Acoustics Limited (“PAL”) was formed in 1990 and is recognized leader in the ultrasound and acoustics measurement field. PAL specializes in acoustic hydrophone design and innovative acoustic Precision Acoustics Business materials. They provide a range of products in this
Slide 7: Strong Culture of IP Security
Strong Culture of IP Security Underwater solutions (Imaging and Diving) Hardware Software • Real-Time • Moving and 3D/4D/5D/6D Sonar Mosaicked Images • Echoscope® technology covered by several patents, some of • Motion IMU • Moving 3D Models these covering combined software and hardware capabilities
Slide 8: Global Market Revenue Split
Global Market Revenue Split Growth Sector Defense (Moving Business from a single sale model to multiple repeat sale): • New Generation of Underwater Vehicles driving demand for smart sensors (Echoscope PIPE®) • New Generation of Diving Technology poised to change diving operations globally ( DAVD) •
Slide 9: Annual Financial Snapshot
Annual Financial Snapshot (* Years to FY 2024 Excludes Precision Acoustics) Annual FY 2021* FY 2022* FY 2023* FY 2024* FY 2025 Revenues $21,331,527 $22,225,803 $19,352,088 $20,316,161 $26,563,126 Net Income $4,947,765 $4,301,221 $3,124,149 $3,645,996 $4,129,930 EBITDA $6,196,972 $5,879,609 $3,440,69
Slide 10: FQ 2026 versus FQ 2025 Financial Snapshot
FQ 2026 versus FQ 2025 Financial Snapshot FQ 2026 versus FQ 2025 FQ 2026 FQ 2025 Revenues $6,710,112 $5,209,715 Net Income $930,723 $912,975 EBITDA $1,724,935 $1,462,436 Earnings per share (Basic) $0.08 $0.08 10
Slide 11: Marine Technology Business
Marine Technology Business 11
Slide 12: Marine Technology Business
Product Design & 24/7 Support and Manufacturing 24/7 3D Field Experts Marine Technology Business (Underwater Technology Business) Research Development Software Application And Innovation and Custom Development 12
Slide 13: Snapshot of Customers
Snapshot of Customers Marine Products Business DEME Group Penta Ocean Military & Defense End User Customers Service Providers Including 40 US Ports & Enforcement Bodies 13
Slide 14: Nano Sized. Maximum Impact
Remote Operated Vehicles NANO SIZED. MAXIMUM IMPACT Echoscope PIPE Nano Gen Series® is our AI-ready, ultra- compact family of real-time 3D volumetric imaging and perception sonars — purpose-built for the next generation of underwater vehicles, diver-wearable systems, and robotic platforms. Equipped
Slide 15: Echoscope PIPE
Visualization & Mapping for Widest Range of Applications Echoscope PIPE® Family of Volumetric Sonars Seeing & Measuring in Real-Time 3D in Zero Visibility Conditions Underwater Echoscope PIPE® Echoscope PIPE® Echoscope PIPE® C500 Compact edition Double or Triple Double or Triple Frequency Frequency
Slide 16: Echoscope Family of Volumetric Sonars
Echoscope® Family of Volumetric Sonars Continuation of Echoscope® Series Echoscope 4G® NEW Echoscope PIPE® Hardware (Form Factor Revision) New Innovative Processing Engine: Parallel Intelligent Processing Engine (“PIPE”) Processing Engine Multiple Real Time 3D Images Third Generation Processing Engi
Slide 17: 3D Product Line
3D Product Line Competing Technology is No Comparison Pelican Island Causeway, Galveston TX 3D Multibeam Produces static map after hours or days of processing NO Real-Time image 2D Scanning Sonar Produces static map after hours or days of processing NO Real-Time image 2D Imaging Sonar Produces 2D re
Slide 18: Commercial Marine Applications
Commercial Marine Applications Marine Technology Business Echoscope PIPE® - A Single Sensor for Multiple-Undersea Applications (A Unique Capability - Consolidating Sensor Requirements ) Dive Inspection Channel Subsea Completions & Port Construction Complex Survey Renewables Support Clearance Interve
Slide 19: Our Real-Time 3D Technology
Our Real-Time 3D Technology Sample Echoscope® Project ROI Snapshots 200 Blocks placed per 76 Sleepers placed 0 Visibility $1M >100% Productivity rates day In cost savings per day Conditions Van Oord ZADCO UTEC DEME Technip/Shell Port Construction Project Sleeper Placement Oilfield Development Rock D
Slide 20: 3D Product Line – Marine Technology Business
3D Product Line – Marine Technology Business Delivering on Everyday Challenges Subsea Complex Asset Placement – Alaska Monopod Installation Oilfield Disaster Recovery • Four Echoscope® sonars used to provide real-time visualization of landing site and control stabilization for crane operators • Soft
Slide 21: 3D Product Line – Marine Technology Business
3D Product Line – Marine Technology Business Delivering on Everyday Challenges Subsea Mineral Mining – Diamonds – De Beers Marine Construction - Breakwaters • Echoscope® is the No. 1 preferred solution for subsea placement. Block Manufacturers recommend the Echoscope as the best solution for placeme
Slide 22: Defense Applications - Strategic Market
Defense Applications - Strategic Market Real-Time 3D Decision Making Complex Structure Real-Time Hazards Target ID Condition Survey and Salvage 22
Slide 23: Real-Time 3D Imaging in Defense Applications
Real-Time 3D Imaging in Defense Applications Strategic Development and Partnerships Momentum has grown significantly within the U.S. Navy community for CODA’s industry- leading, real-time imaging technology solutions. The following groups are actively funding development, trials or purchases of Coda
Slide 24: About DAVD
About DAVD (Growth Pillar of Company) Marine Technology Business 24
Slide 25: What is DAVD?
Summary of Growth Accelerators What is DAVD? • DAVD is a complete Diver Video, Media and Communication system • Diver uses transparent Augmented Reality (AR) display system • Connects the Diver and the Supervisor coherently (similar to a virtual Zoom or TEAMS Meeting) • DAVD, for the first time in d
Slide 26: Who uses DAVD?
Summary of Growth Accelerators Who uses DAVD? • The DAVD system is fully compatible with all standard diving helmets full-face masks • DAVD focus is all diver markets excluding the leisure scuba market • DAVD addresses all high importance key challenges and problems in diving Search & Rescue Commerc
Slide 27: Why DAVD revolutionizes diving?
Summary of Growth Accelerators Why DAVD revolutionizes diving? PROBLEM - Diving Challenges Diving is regularly conducted in low to zero visibility environments in which standard visual displays, cameras and gauges are ineffective. Even in somewhat visible environments, situational awareness, navigat
Slide 28: Current (Commercial) Diving Systems
Summary of Growth Accelerators Current (Commercial) Diving Systems In current surface supplied diving, the DIVER only shares analog voice comms with the TOPSIDE. The TOPSIDE must also manage several independent systems for Video, Communications and Positioning. TOPSIDE Dive Supervisor Surface Contro
Slide 29: New Generation DAVD Diving System
Summary of Growth Accelerators New Generation DAVD Diving System: What have we changed? In addition to the revolutionary DAVD system features that are unique to this system, the DAVD system provides a fully integrated singular system for TOPSIDE Control and a fully connected Head Up Display system f
Slide 30: What is Management Trying to do?
What is Management Trying to do? GROW GROW GROW Underwater Imaging Sonars Diving DAVD Diving Digital Communications Grow our Market Share for Secure Market Adoption outside of First Movers Advantage – Imaging Sonars. the US Navy of the DAVD. transforming market from Analog to Digital Communications
Slide 31: 5 Years Performance Metrics Look Back
5 Years Performance Metrics Look Back We have had an outstanding track record of performance (2021-2024 excludes Precision Acoustics): (Products Business) (Engineering) (Acoustics) 58.6% 50.0% Less $20M $22M $5.5M Than 1% 77.8% Cumulative CASH GROSS PROFIT AVERAGE New issue SHARE $5.3M NET INCOME PE
Slide 32: 5 Years Performance Operational Look Back
5 Years Performance Operational Look Back • Extended Patent Portfolio for Echoscope PIPE®, a Growth Pillar • Key Growth Pillars Investment and Development completed: New Diver New Digital Audio Business Augmented Generation of Echoscope Vision Display Communication Development & System System Sales
Slide 33: Key Growth Markets
Key Growth Markets Verticals into which we sell and their significance Underwater Imaging Sensors Diving Digital Communications Offshore Renewables Underwater Vehicles Diving Chamber Medical Decompression Oil & Gas Construction Surface Supplied Saturation Diving 25% 20% 20% 35% Diving DAVD Diving Di
Slide 34: Value Drivers: Echoscope
Value Drivers Echoscope® • First mover in innovating and • DAVD is a key technology and is set to commercializing real-time 3D change the way diving operations are sonar technology for the performed globally ( real time subsea market. information platform for diving). • No other commercially • Stron
Slide 35: Value Drivers: DAVD
Value Drivers DAVD • First mover in innovating and • DAVD is a key technology and is set to commercializing real-time 3D change the way diving operations are sonar technology for the performed globally ( real time subsea market. information platform for diving). • No other commercially • Strong Pate
Slide 36: Engineering Business
Thermite® Octal Mission Critical Rugged Embedded Integrated Systems Computing Solutions Software Engineering Systems Engineering Engineering Business Electronic Design Manufacturing & Prototyping Advanced Obsolescence Management Signal Processing of Legacy Defense Products 36
Slide 37: Key Markets
Key Markets Coda Octopus Engineering – Engineering Business Trusted U.S. DoD Subcontractor – participating in several programs of record 37
Slide 38: Growth Catalysts
Growth Catalysts Coda Octopus Engineering – Engineering Business • Obsolescence management: Defense requirements for extended system/program life offer significant sustainment opportunity • Engineering services to re-design/upgrade • Production opportunity through program life • Ruggedized Embedded
Slide 39: Thermite Embedded Computing Solutions
Thermite® Embedded Computing Solutions Applications Opportunities Mission Computer/Platform Control Shipboard Control Systems Signal/Sensor Processing Ground/Airborne Data Capture & Analysis Thermite® Octal Artificial Intelligence at the Tactical Edge Next-Generation Unmanned Aerial Vehicles Augment
Slide 40: Martech
Product Design Subsea and and Manufacturing Harsh Environment Design Software Engineering Mechanical Engineering Martech a Coda Octopus Company Complete Product Engineering Business Lifecycle Electronic Design Development Obsolescence Management Test, Instrumentation of Legacy Defense and Control Pr
Slide 41: Martech Customers
Customers Coda Octopus Martech – Engineering Business Martech Located in Portland, Dorset, UK. Martech follows the same model as Coda Octopus Engineering. 41
Slide 42: Acoustics Sensor and Materials Business
Acoustic Pressure and Intensity Custom Sensor development Characterization Transducer Optimisation Acoustic Performance Modelling PVDF Array Technology Acoustic Output Measurements Fibre-optic and Piezo-polymer Acoustic Power Measurements hydrophones Piezo-polymer (PVDF), piezo-ceramic and 1-3 piezo
Slide 43: A global leader in ultrasonic and underwater acoustic technology
A global leader in ultrasonic and underwater acoustic technology Coda Octopus Precision Acoustics – Ultrasonic and Underwater Acoustic Technology Business Ultrasound Development and Acoustic services Acoustic pressure and Intensity Characterization Acoustic performance modelling Acoustic output meas
Slide 44: Worldwide Sales
Worlwide Sales Precision Acoustics – Ultrasonic and Underwater Acoustic Technology Business Sales by regions Asia UK South America North America Rest of Europe Middle East Israel India Markets Do we Serve Medical Marine Aeronautical Academia 44
Slide 45: Transducer Design and Manufacture
Transducer Design and Manufacture Needle Hydrophones Piezo Polymer Fibre-optic Transducers hydrophones Piezo-ceramic Transducers HIFU Transducers PVDF Arrays 45
Slide 46: Materials Calibration
Materials Calibration High Speed NDT system Scanning Tanks Absorbers Transducer backings Radiation Force Balances Field Characterization system Encapsulants Field mapping Simulations and Modelling Materials Characterisation Syntactic foams 46 Materials Testing
Slide 47: Operations
Operations Group Headquarters and Marine Technology Business Coda Octopus Group, INC. ◼ Orlando, FL Con tecnología de Bing © Australian Bureau of Statistics, GeoNames, Grab grab.com, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin 47
Slide 48: Operations
Operations Marine Technology Business Coda Octopus Group, INC. ◼ Edinburgh, UK ◼ Copenhagen, Denmark ◼ Orlando, FL ◼ Brisbane, Australia Con tecnología de Bing © Australian Bureau of Statistics, GeoNames, Grab grab.com, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin 48
Slide 49: Operations
Operations Defense Products & Engineering Business Coda Octopus Group, INC. ◼ Portland, UK MARTECH ◼ Salt Lake City, Utah Coda Octopus Engineering Con tecnología de Bing © Australian Bureau of Statistics, GeoNames, Grab grab.com, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin 49
Slide 50: Operations
Operations Ultrasonic and Underwater Acoustic Technology Business Coda Octopus Group, INC. ◼ Dorset, UK PRECISION ACOUSTICS Con tecnología de Bing © Australian Bureau of Statistics, GeoNames, Grab grab.com, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin 50
Slide 51: Management
Coda Octopus Group Management Annmarie Gayle, LL.B, LLM (Qualified to practise law in England & Wales – Practise Area Corporate Law) – Chair and Chief Executive Officer – Denmark Ms. Gayle, a lawyer by training, has been our CEO and a member of the Board of Directors since 2011. She has also been th
Slide 52: Management
Coda Octopus Group Management Gayle Jardine– Interim Chief Financial Officer – UK – Edinburgh. Gayle Jardine joined the Company as European Director of Finance in September 1, 2015. She was appointed as the Interim CFO on February 14, 2024. From 2009 to 2015, Ms. Jardine was the Controlling Director
Slide 53: Management
Coda Octopus Group Management Blair Cunningham – President of Technology –US – Orlando, Florida Mr. Cunningham has been with the company since July 2004 and has held several roles including his current position of President of Technology and Divisional CEO of Coda Octopus Products, Inc. CTO of Coda
Slide 54: Board of Directors
Coda Octopus Group Board of Directors Annmarie Gayle, LL.B, LLM – Chief Executive Officer and Chairman – Copenhagen, Denmark Ms. Gayle was appointed Chairman of the Board in March 2017, and previously served as Director since 2011. She has been our CEO since 2011 and also serves as Managing Director
Slide 55: Board of Directors
Coda Octopus Group Board of Directors Blair Cunningham – President of Technology –US – Orlando, Florida Mr. Cunningham was appointed to the Board of Directors at the Company’s Annual Meeting of Stockholders held on September 10, 2025. He has been with the Company since July 2004 and serves as our Di
Slide 56: Board of Directors
Coda Octopus Group Board of Directors Michael Hamilton, Director – U.S. Mr. Hamilton served as Coda’s Chairman of the Board, June 2010-March 2017. He continues to serve as a Director. Since 2014, Mr. Hamilton has provided accounting and valuation services for a varied list of clients. His career inc
Slide 57: Board of Directors
Coda Octopus Group Board of Directors Mr. Robert Harcourt - Director – U.S. Mr. Robert Harcourt has been a member of the Board since June 26, 2023. Mr. Harcourt is a retired Audit and Advisory Partner of KPMG with a professional career spanning over 40 years where he executed a variety of roles at t
Slide 58: Board of Directors
Coda Octopus Group Board of Directors Gwenael Rouy-Poirier - Switzerland. Mr. Rouy-Poirier was nominated to the Board on April 10, 2024. Since January 2024 Mr. Rouy-Poirier has been an independent consultant for companies in the Aerospace and Defense Sectors. From May to December 2023, he was interi
Slide 59: Coda Octopus Group, Inc.
Coda Octopus Group, INC. World Leader in Sound Underwater Technology NASDAQ:CODA www.codaoctopusgroup.com Investor Relations: Corporate Presentation coda.ir@codaoctopusgroup.com April 27, 2026 59