Underwater Attack: Coda Octopus Group (CDOC) Stock Alert

The most overlooked penny stock on the pink sheets of late, Coda Octopus Group Inc. (CDOC), has had absolutely no coverage despite its recent gains. CDOC stock price has risen from 66.67% from 0.06 to 0.10 since June 15th, 6,566.67% since February 15th, and volume is beginning to pick up with 408,388 shares traded Monday. The specialist in underwater technologies, Coda Octopus Group has booked more in revenues in the last 6 months than BZRT, VIBE, EWRL, GWBU, SNPK, NSRS, AGRT, GTCP, LBGO and BFGC have combined since their individual inceptions.

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CDOC Stock Chart

Market Cap: 7.44M

For the Trailing 12 Months:
Price/Sales: 0.46
Profit Margin: 15.83%
Operating Margin: 15.94%
Revenue: 18.57M
Revenue Per Share: 0.25
Gross Profit (ttm): 7.80M

Qtrly Revenue Growth (yoy): 72.40%

a/o June 15, 2012:
Shares Outstanding: 74.44M
Float: 34.90M

Last month, the Company furnished an updated interim Financial report with OTCMarkets (see here). Highlights of the report were revenues of $9.6 million for the 6 months ending April 30th 2012, up from $6.8 million for the same period the previous year. The Company booked net income during the 6 month period of $1.38 million compared to a net loss of $463 thousand for the same period the previous year. Another huge milestone for Coda Cotopus was that the Company recorded positive cash flow of $577 thousand from its operations over the same period.

The underwater specialists are tearing up the deep blue with contracts being signed for professional assistance and products being purchased and shipped all over the world. With their Dimension® ROV (Remotely Operated Vehicle) targeted real-time visualization sonar with ROV integration capabilities due to come out soon, Coda Octopus is quickly making itself the world leading integrated sonar technology supplier. Check out all of the Company’s products and underwater capabilities at www.codaoctopusgroup.com.

About CDOC Stock

Coda Octopus Group consists of a Marine Products business in Florida and Edinburgh, Scotland, and engineering businesses in Utah and Weymouth, England. Each of the Group companies are technology innovators with a particularly high level of sonar expertise. The Group has facilities in Florida, Utah, the UK and Norway. Alongside providing custom engineering and development for defense applications, and oil and gas, companies, one of the Group’s key products is the Coda Echoscope® – the first real time 3D sub sea sonar. The Echoscope® is also at the heart of the Underwater Inspection System™ which is being adopted for homeland security, and other applications in ports around the world.

With this patented revolutionizing sub-sea visualization capability, and the existing systems integration skills within Colmek Systems Engineering, Inc and Martech Systems Engineering Ltd, the Coda Octopus Group believes they can become a world leading integrated sonar technology supplier.

Bottom Line: CDOC needs to be on the list of penny stocks to watch immediately. With a small share float, compared to many on the pink sheets, and an inside line on a niche market, this is a real money maker. With defense spending a controversial issue, are there any other subcontractors that can do what Coda Octopus does? If CDOC stock was ever to up list to a more reputable exchange, it could easily be a $1 penny stock.

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