<p>Coda Octopus Group 最近的财报电话会议传达了复杂的情绪，突显了显著的成就和显著的挑战。公司在其海洋技术业务中报告了令人印象深刻的增长和新产品的成功推出，但在海洋工程部门面临了一些障碍。尽管面临这些挑战，整体语气仍然乐观，专注于未来的增长机会。</p>
<h2>显著的收入增长</h2>
<p>2025 年第三季度，Coda Octopus Group 的收入增长了 29%，达到 710 万美元，而 2024 年同期为 550 万美元。这一显著增长凸显了公司的强劲表现和战略举措。</p>
<h2>海洋技术业务增长</h2>
<p>海洋技术业务成为增长的关键驱动力，产生了 400 万美元的收入，比去年增长了 30.7%。值得注意的是，硬件销售激增了 103.6%，反映出强劲的需求和成功的市场渗透。</p>
<h2>NANO GEN 系列声纳的推出</h2>
<p>Coda Octopus 推出了其 NANO GEN 系列超小型 3D 成像声纳，专为小型水下车辆和潜水员设计。该产品的推出得到了成功的试验和强烈的市场兴趣，为公司在这一细分市场的进一步扩展奠定了基础。</p>
<h2>DAVD 无缆系统的里程碑</h2>
<p>公司在其 DAVD 无缆系统方面取得了重要里程碑，向美国特种部队交付了 16 台设备，并完成了国际交付。这一进展标志着舰队评估和操作部署的重要一步，提升了 Coda Octopus 在防御技术领域的声誉。</p>
<h2>现金状况和无债务</h2>
<p>截至 2025 年 7 月 31 日，Coda Octopus 报告称现金状况强劲，达到 2620 万美元，比去年增加了 370 万美元，并且没有债务。这一财务稳定性为未来的投资和战略增长提供了坚实的基础。</p>
<h2>海洋工程业务收入下降</h2>
<p>海洋工程部门面临挑战，收入下降了 33.2%，原因是合同授予的延迟。这一下降影响了整体表现，突显了在这一领域进行战略调整的必要性。</p>
<h2>毛利率下降</h2>
<p>公司的合并毛利率从 2024 年第三季度的 73.9% 下降至 68.3%。这一下降归因于销售组合的变化和成本的增加，迫使公司重新评估成本管理策略。</p>
<h2>租赁资产的低利用率</h2>
<p>Coda Octopus 体验到了租赁资产的显著低利用率，影响了毛利率。美国政策的变化影响了海上可再生项目，导致了这种低利用率，表明需要采取适应性策略。</p>
<h2>前瞻性指导</h2>
<p>展望未来，Coda Octopus 预计在防御和水下机器人市场将实现显著增长，这得益于 Echoscope PIPE NANO GEN 系列的成功推出和 DAVD 技术的进步。尽管营业收入略微下降至 138 万美元，但公司仍专注于其增长战略和并购管道，利用其无债务状态和强劲的现金储备。</p>
<p>总之，Coda Octopus Group 的财报电话会议描绘了成就与挑战并存的画面。虽然海洋技术业务和新产品的推出带来了乐观情绪，但海洋工程部门的挣扎突显了改进的领域。公司的强劲现金状况和对增长的战略关注为应对未来的机会和挑战提供了坚实的基础。</p>

CODA

<p>Coda Octopus Group 最近的财报电话会议显示出混合的前景，其海洋技术业务在 2025 年第三季度实现了 29% 的收入增长，达到 710 万美元。海洋技术部门的收入为 400 万美元，得益于硬件销售增长了 103.6%。然而，海洋工程部门由于合同延迟面临 33.2% 的收入下降。公司保持了 2620 万美元的强劲现金储备，且没有债务，尽管面临挑战，仍为未来增长奠定了基础。新产品的推出和国防技术的进步仍然是公司的重点关注领域</p>

<p>Coda Octopus Group’s recent earnings call conveyed a mixed sentiment, highlighting both significant achievements and notable challenges. The company reported impressive growth in its Marine Technology business and the successful launch of new products, yet faced hurdles in its Marine Engineering segment. Despite these challenges, the overall tone was optimistic, with a focus on future growth opportunities.</p>
<div class="lb-trans"><p>Coda Octopus Group 最近的财报电话会议传达了复杂的情绪，突显了显著的成就和显著的挑战。公司在其海洋技术业务中报告了令人印象深刻的增长和新产品的成功推出，但在海洋工程部门面临了一些障碍。尽管面临这些挑战，整体语气仍然乐观，专注于未来的增长机会。</p>
</div><h2>Significant Revenue Increase</h2>
<div class="lb-trans"><h2>显著的收入增长</h2>
</div><p>The third quarter of 2025 saw Coda Octopus Group’s revenue rise by 29%, reaching $7.1 million compared to $5.5 million in the same period of 2024. This substantial increase underscores the company’s robust performance and strategic initiatives.</p>
<div class="lb-trans"><p>2025 年第三季度，Coda Octopus Group 的收入增长了 29%，达到 710 万美元，而 2024 年同期为 550 万美元。这一显著增长凸显了公司的强劲表现和战略举措。</p>
</div><h2>Marine Technology Business Growth</h2>
<div class="lb-trans"><h2>海洋技术业务增长</h2>
</div><p>The Marine Technology business emerged as a key driver of growth, generating $4.0 million in revenue, marking a 30.7% increase from the previous year. Notably, hardware sales surged by 103.6%, reflecting strong demand and successful market penetration.</p>
<div class="lb-trans"><p>海洋技术业务成为增长的关键驱动力，产生了 400 万美元的收入，比去年增长了 30.7%。值得注意的是，硬件销售激增了 103.6%，反映出强劲的需求和成功的市场渗透。</p>
</div><h2>Launch of NANO GEN Series Sonars</h2>
<div class="lb-trans"><h2>NANO GEN 系列声纳的推出</h2>
</div><p>Coda Octopus introduced its NANO GEN Series, ultra-small form factor 3D imaging sonars, designed for small underwater vehicles and divers. The product launch was met with successful trials and strong market interest, positioning the company for further expansion in this niche market.</p>
<div class="lb-trans"><p>Coda Octopus 推出了其 NANO GEN 系列超小型 3D 成像声纳，专为小型水下车辆和潜水员设计。该产品的推出得到了成功的试验和强烈的市场兴趣，为公司在这一细分市场的进一步扩展奠定了基础。</p>
</div><h2>DAVD Untethered System Milestones</h2>
<div class="lb-trans"><h2>DAVD 无缆系统的里程碑</h2>
</div><p>The company achieved significant milestones with its DAVD Untethered Systems, delivering 16 units to U.S. Special Forces and completing international deliveries. This progress marks a crucial step in fleet evaluation and operational deployment, enhancing Coda Octopus’s reputation in defense technology.</p>
<div class="lb-trans"><p>公司在其 DAVD 无缆系统方面取得了重要里程碑，向美国特种部队交付了 16 台设备，并完成了国际交付。这一进展标志着舰队评估和操作部署的重要一步，提升了 Coda Octopus 在防御技术领域的声誉。</p>
</div><h2>Cash Position and No Debt</h2>
<div class="lb-trans"><h2>现金状况和无债务</h2>
</div><p>As of July 31, 2025, Coda Octopus reported a strong cash position of $26.2 million, an increase of $3.7 million from the previous year, with no debt. This financial stability provides a solid foundation for future investments and strategic growth.</p>
<div class="lb-trans"><p>截至 2025 年 7 月 31 日，Coda Octopus 报告称现金状况强劲，达到 2620 万美元，比去年增加了 370 万美元，并且没有债务。这一财务稳定性为未来的投资和战略增长提供了坚实的基础。</p>
</div><h2>Marine Engineering Business Revenue Decline</h2>
<div class="lb-trans"><h2>海洋工程业务收入下降</h2>
</div><p>The Marine Engineering segment faced challenges, with revenue declining by 33.2% due to delays in contract awards. This downturn impacted the overall performance, highlighting the need for strategic adjustments in this area.</p>
<div class="lb-trans"><p>海洋工程部门面临挑战，收入下降了 33.2%，原因是合同授予的延迟。这一下降影响了整体表现，突显了在这一领域进行战略调整的必要性。</p>
</div><h2>Gross Margin Decrease</h2>
<div class="lb-trans"><h2>毛利率下降</h2>
</div><p>The company’s consolidated gross margin decreased to 68.3% from 73.9% in the third quarter of 2024. This decline was attributed to a shift in sales mix and increased costs, necessitating a reevaluation of cost management strategies.</p>
<div class="lb-trans"><p>公司的合并毛利率从 2024 年第三季度的 73.9% 下降至 68.3%。这一下降归因于销售组合的变化和成本的增加，迫使公司重新评估成本管理策略。</p>
</div><h2>Underutilization of Rental Assets</h2>
<div class="lb-trans"><h2>租赁资产的低利用率</h2>
</div><p>Coda Octopus experienced significant underutilization of rental assets, affecting gross profit margins. Changes in U.S. policy impacting offshore renewable projects contributed to this underutilization, indicating a need for adaptive strategies.</p>
<div class="lb-trans"><p>Coda Octopus 体验到了租赁资产的显著低利用率，影响了毛利率。美国政策的变化影响了海上可再生项目，导致了这种低利用率，表明需要采取适应性策略。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Looking ahead, Coda Octopus anticipates significant growth in the defense and underwater robotics markets, driven by the successful launch of the Echoscope PIPE NANO GEN Series and advancements in DAVD technology. Despite a slight decrease in operating income to $1.38 million, the company remains focused on its growth strategy and M&amp;A pipeline, leveraging its debt-free status and strong cash reserves.</p>
<div class="lb-trans"><p>展望未来，Coda Octopus 预计在防御和水下机器人市场将实现显著增长，这得益于 Echoscope PIPE NANO GEN 系列的成功推出和 DAVD 技术的进步。尽管营业收入略微下降至 138 万美元，但公司仍专注于其增长战略和并购管道，利用其无债务状态和强劲的现金储备。</p>
</div><p>In summary, Coda Octopus Group’s earnings call painted a picture of both achievement and challenge. While the Marine Technology business and new product launches drive optimism, the Marine Engineering segment’s struggles highlight areas for improvement. The company’s strong cash position and strategic focus on growth provide a solid foundation for navigating future opportunities and challenges.</p>
<div class="lb-trans"><p>总之，Coda Octopus Group 的财报电话会议描绘了成就与挑战并存的画面。虽然海洋技术业务和新产品的推出带来了乐观情绪，但海洋工程部门的挣扎突显了改进的领域。公司的强劲现金状况和对增长的战略关注为应对未来的机会和挑战提供了坚实的基础。</p>
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Coda Octopus Group 的财报电话会议：在挑战中实现增长