---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-024498"
form_type: "8-K"
ticker: "CODA"
cik: "0001334325"
company_name: "Coda Octopus Group, Inc."
filed_at: "2021-10-04T23:59:59+00:00"
generated_at: "2026-06-28T23:20:07.442373+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001493152-21-024498
- form_type: 8-K
- ticker: CODA
- cik: 0001334325
- company_name: Coda Octopus Group, Inc.
- filed_at: 2021-10-04T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1334325/000149315221024498/0001493152-21-024498-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1334325/000149315221024498/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-024498
- JSON: https://secwatch.observer/filing/0001493152-21-024498.json
- Plain text: https://secwatch.observer/filing/0001493152-21-024498.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.