Coda Octopus CEO sets FY2022 revenue target of $28M, FY2023 target of $40M, expects debt-free by year-end

Coda Octopus Group, Inc.

CEO presented growth strategy focused on new Echoscope, DAVD system, and new Thermite products.
Expects HSBC debt repaid by end of CY2021; balance sheet to be unleveraged.
Revenue targets: $28M for FY2022, $40M for FY2023; margins expected maintained.
Growth to be funded by cash, not new debt; investments in staff and production facilities.

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