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Article: Coda Octopus Reports Q2 Results: Says Operations Are "Improving Rapidly" and "Approaching Long Term Sustainability".
- Article from:
- Business Wire
- Article date:
- June 17, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Coda Octopus Group, Inc. (OTCBB: CDOC), a world leader in underwater port security and marine survey technology, today reported significantly improved results for the second fiscal quarter ending April 30, 2008.
For the second fiscal quarter ended April 30, 2008, Coda Octopus Group, Inc. reported revenues of $5.1 million, compared to $2.2 million for the second fiscal quarter ended April 30, 2007. The Company had operating income of $223,407 - its first ever positive quarter - compared to a loss from operations of $1.7 million in the like year-ago quarter. Net loss applicable to common shares was ($216,490), or less than ($0.01) per share in Q2 2008, compared ...
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