Coda Octopus Group, Inc. (CODA) is a publicly traded company headquartered in Orlando, Florida, founded in 1994. It operates through two divisions: Marine Engineering Business and Marine Technology Business. The company designs and distributes advanced underwater technologies including the patented Echoscope and Echoscope PIPE, which provide real-time 4D/5D/6D sonar imaging ...Coda Octopus Group, Inc. (CODA) is a publicly traded company headquartered in Orlando, Florida, founded in 1994. It operates through two divisions: Marine Engineering Business and Marine Technology Business. The company designs and distributes advanced underwater technologies including the patented Echoscope and Echoscope PIPE, which provide real-time 4D/5D/6D sonar imaging for subsea operations. Its products serve diverse applications such as 3D imaging, mapping, defense operations, and survey work, with a global customer base across the Americas, Europe, Asia, and the Middle East. Key offerings include geophysical systems, GNSS-aided navigation, and the CodaOctopus GeoSurvey hardware/software suite for sidescan sonar and sub-bottom profiling. The DA4G productivity suite automates data analysis and mosaicing. Financially, CODA has shown strong margins with a gross profit margin of 66.8% and a net profit margin of 17.7% over the trailing twelve months, reflecting efficient operations. The company maintains a low debt-to-equity ratio of 0.6%, indicating a conservative capital structure. With approximately 100 employees, it focuses on innovation and holds numerous patents in underwater imaging technology. The CEO, Annmarie Gayle, has led the company since 2011, and under her guidance, CODA has expanded its product portfolio and market reach, positioning itself as a leader in subsea technology solutions.
Operator: Good morning, and welcome to Cota Octopus Group's Second Quarter Fiscal 26 Earnings Conference Call. My name is Robert, and I will be your operator today. Earlier this morning, Coda Octopus issued its financial results for the second quarter ended April 30, 26, including a press release and a copy of which will be furnished in the report filed with the SEC and will be available in the Investor Relations section of the company's website. Joining us on today's call from Coda Octopus are its Chair and CEO, Annmarie Gayle; its Interim CFO, Gayle Jardine; its President of Technology and Director Blair Cunningham, and Dillon King from their investor relations team. Following their remarks, we will open the call for questions. Before we begin, Dillon King from the company's internal Investor Relations team will make a brief statement. Dillon, please proceed.
Dillon King: Thank you, operator. Good morning, everyone. And welcome to Coda Octopus's Second Quarter Fiscal 26 Earnings Conference Call. Before management begins their formal remarks, we would like to remind everyone that some statements made today may be considered forward looking statements under U. S. Securities laws. These statements are subject to a number of risks and uncertainties. As a result, we caution you that there are a number of factors many of which are beyond our control, which could cause actual results and events to differ materially from those described in the forward looking statements. For more detailed risks, uncertainties and assumptions, relating to our forward looking statements, please see the disclosures in our earnings release and public filings made with the Securities and Exchange Commission. We disclaim any obligation or undertaking to update forward looking statements to reflect circumstances or events that occur after the date the forward looking statements are made. Except as may be required by law. We refer you to our filings with the Securities and Exchange Commission for detailed disclosures and descriptions of our business as well as uncertainties and other variable circumstances. Including, but not limited to, risks and uncertainties identified in our Form 10 k for the year ended 10/31/2025 and Form 10 Q for the first and second quarters of our fiscal year 2026. You may get Coda Octopus' Securities and Exchange Commission filings free by visiting the SEC website at www.sec.gov. I would also like to remind everyone that this call is being recorded. And will be made available for replay through the Investor Relations section of Coda Octopus' website. Finally, as a reminder, this is our second quarter fiscal 26 reporting In all comparisons, unless explicitly stated otherwise, are with our second quarter fiscal 25. With that, I will now turn the call over to the company's Blair and CEO, Annmarie Gayle. Anne Marie?
Annmarie Gayle: Thanks, Dillon, and good morning, everyone. Thank you for joining us for our second quarter fiscal year 26 earnings …
