Coda Octopus reports revenue up 9.2% QoQ; DAVD approvals

Coda Octopus Group says Q3 revenue rose 9.2% QoQ, citing a 131% jump in marine rental revenue and a 68.3% increase in Defense Services. The company also cites DAVD Untethered approvals and deliveries, solid margins and cash, while noting regional geopolitical turmoil is pressuring product orders.