Coda Octopus Group reported fiscal third-quarter 2026 revenue of $7.7 million, up 9.2% from $7.1 million a year earlier and above analyst expectations, as defense engineering services revenue jumped 68.3% to $2.7 million. The increase more than offset a 15.2% decline in marine technology revenue to $3.4 million, which the company linked to geopolitical instability affecting offshore activity in the Middle East and parts of Asia. Net income rose to $1.4 million, or $0.12 per diluted share, while pre-tax income increased 16% to $1.8 million. Coda Octopus completed the U.S. Navy's Authorization for Navy Use assessment for its DAVD untethered system with the DAVD Gen 4 Hub, delivered 24 DAVD systems to the Navy and held $31.7 million in cash with no debt as of July 31, 2026.