Coda Octopus Group, Inc. Revenue Disclosure
NOTE 16 - DISAGGREGATION OF REVENUE
| For the Year Ended October 31, 2025 | ||||||||||||||||
| Marine Technology Business (“Products”) | Acoustic Sensors and Materials Business (“PAL”) |
Defense Engineering Services Business (“Services”) | Grand Total | |||||||||||||
| Disaggregation of Total Net Sales | ||||||||||||||||
| Primary Geographical Markets | ||||||||||||||||
| Americas | $ | 4,228,821 | $ | 1,021,809 | $ | 3,685,905 | $ | 8,936,535 | ||||||||
| Europe | 1,651,453 | 2,307,790 | 4,245,928 | 8,205,171 | ||||||||||||
| Australia/Asia | 5,897,362 | 1,967,015 | 7,864,377 | |||||||||||||
| Middle East/Africa | 1,443,703 | 113,340 | 1,557,043 | |||||||||||||
| Total Revenues | $ | 13,221,339 | $ | 5,409,954 | $ | 7,931,833 | $ | 26,563,126 | ||||||||
| Major Goods/Service Lines | ||||||||||||||||
| Equipment Sales | $ | 9,407,469 | $ | 4,537,692 | $ | 463,420 | $ | 14,408,581 | ||||||||
| Equipment Rentals | 1,476,713 | 6,214 | 1,482,927 | |||||||||||||
| Software Sales | 752,312 | 59,600 | 811,912 | |||||||||||||
| Engineering Parts | 6,356,615 | 6,356,615 | ||||||||||||||
| Services | 1,584,845 | 806,448 | 1,111,798 | 3,503,091 | ||||||||||||
| Total Revenues | $ | 13,221,339 | $ | 5,409,954 | $ | 7,931,833 | $ | 26,563,126 | ||||||||
| Goods transferred at a point in time | $ | 10,159,781 | $ | 4,597,292 | $ | 478,517 | $ | 15,235,590 | ||||||||
| Services transferred over time | 3,061,558 | 812,662 | 7,453,316 | $ | 11,327,536 | |||||||||||
| Total Revenues | $ | 13,221,339 | $ | 5,409,954 | $ | 7,931,833 | $ | 26,563,126 | ||||||||
CODA OCTOPUS GROUP, INC.
Notes to the Consolidated Financial Statements
October 31, 2025 and 2024
| For the Year Ended October 31, 2024 | ||||||||||||
| Marine Technology Business (“Products”) |
Defense Engineering Services Business (“Services”) | Grand Total | ||||||||||
| Disaggregation of Total Net Sales | ||||||||||||
| Primary Geographical Markets | ||||||||||||
| Americas | $ | 2,838,857 | $ | 4,448,704 | $ | 7,287,561 | ||||||
| Europe | 3,372,430 | 3,060,854 | 6,433,284 | |||||||||
| Australia/Asia | 5,475,401 | 5,475,401 | ||||||||||
| Middle East/Africa | 1,119,915 | 1,119,915 | ||||||||||
| Total Revenues | $ | 12,806,603 | $ | 7,509,558 | $ | 20,316,161 | ||||||
| Major Goods/Service Lines | ||||||||||||
| Equipment Sales | $ | 7,210,169 | $ | 1,193,776 | $ | 8,403,945 | ||||||
| Equipment Rentals | 2,328,781 | 2,328,781 | ||||||||||
| Software Sales | 878,516 | 878,516 | ||||||||||
| Engineering Parts | 5,520,032 | 5,520,032 | ||||||||||
| Services | 2,389,137 | 795,750 | 3,184,887 | |||||||||
| Total Revenues | $ | 12,806,603 | $ | 7,509,558 | $ | 20,316,161 | ||||||
| Goods transferred at a point in time | $ | 8,088,685 | $ | 1,248,751 | $ | 9,337,436 | ||||||
| Services transferred over time | 4,717,918 | 6,260,807 | 10,978,725 | |||||||||
| Total Revenues | $ | 12,806,603 | $ | 7,509,558 | $ | 20,316,161 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jan 29, 2026 | Showing above |
| 2024 | Jan 29, 2025 | |
| 2023 | Jan 29, 2024 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.