Earnings Call Summary | Coda Octopus Group(CODA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Coda Octopus Group(CODA.US) Q1 2024 Earnings Conference
The following is a summary of the Coda Octopus Group, Inc. (CODA) Q1 2024 Earnings Call Transcript:
以下是Coda Octopus Group, Inc.（CODA）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Coda Octopus reported Q1 2024 total revenue of $4.5 million, a drop of 20.3% from Q1 2023, mainly due to supply chain issues and reduced orders.
Marine Technology and Marine Engineering business segments saw a reduction in revenue by 7.4% and 48.2%, respectively compared to Q1 2023.
Gross profit was at $3.1 million with a margin of 69.2%.
Total operating expenses marginally rose to $2.5 million from $2.4 million in Q1 2023 due to new staff hires and management expansion.
Operating income for Q1 2024 was $0.6 million, a 58.7% decrease compared to Q1 2023.
Pre-tax net income stood at $0.8 million, and post-tax net income at $0.6 million, or $0.06 per diluted share.
The firm ended the quarter with $25 million in cash, no debt, and working capital increased to $40 million.
Coda Octopus報告稱，2024年第一季度總收入爲450萬美元，較2023年第一季度下降20.3％，這主要是由於供應鏈問題和訂單減少。
與2023年第一季度相比，海洋技術和海洋工程業務板塊的收入分別下降了7.4％和48.2％。
毛利爲310萬美元，利潤率爲69.2％。
由於新員工招聘和管理層擴張，總運營支出從2023年第一季度的240萬美元小幅上升至250萬美元。
2024年第一季度的營業收入爲60萬美元，與2023年第一季度相比下降了58.7％。
稅前淨收益爲80萬美元，稅後淨收益爲60萬美元，攤薄後每股收益爲0.06美元。
該公司在本季度末擁有2500萬美元的現金，沒有債務，營運資金增加到4000萬美元。
Business Progress:
業務進展：
Despite a slight drop in the first quarter of 2024, Coda Octopus is optimistic for an improvement in revenue for FY 2024.
The Company is seeing increased order consumption in its UK engineering business and is making recovery progress in Marine Technology business.
The firm anticipates final funding of $1.25 million in Q2 for its DAVD untethered system customization program following promising feedback.
Coda is focusing on expanding the application of its Echoscope technology, bringing the engineering business to its pre-Covid revenue profile, and is looking to undertake potential mergers and acquisitions for growth in 2024.
儘管2024年第一季度略有下降，但Coda Octopus對2024財年收入的改善持樂觀態度。
該公司看到其英國工程業務的訂單消耗量增加，船舶技術業務的復甦正在取得進展。
根據令人鼓舞的反饋，該公司預計，其DAVD不受限制的系統定製計劃將在第二季度獲得125萬美元的最終融資。
Coda專注於擴大其Echoscope技術的應用，使工程業務達到COVID之前的收入狀況，並計劃在2024年進行潛在的併購以實現增長。
More details: Coda Octopus Group IR
更多詳情： Coda 八達通集團 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。