Company / R&D Expense
Coda Octopus Group, Inc. R&D Expense History
FY2010-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$2.2M
FY2024
5-year range
$2.2M / $3.2M
FY2020-FY2024
Trend
+0.2%
vs FY2023
Sector context
Sector data unavailable
Latest sector comparison
What the data says
R&D Expense returned to growth in FY2024 after 2 years of decline, reaching $2M.
Based on SEC 10-K filings.
$2M in FY2024 with a 5-year CAGR of -4.4%.
Declined from $3M to $2M over the past 2 years.
R&D Expense over time
Growth rates
- 3-Year CAGR
- -11.1%
- 5-Year CAGR
- -4.4%
- 10-Year CAGR
- -
Key checks
Key Insights
- 5-year CAGR of -4.4%, indicating a declining trend.
- In FY2024, r&d expense increased 0.2% year-over-year.
- Peak r&d expense was recorded in FY2021.
- Lowest r&d expense in the period was in FY2017.
Company context
Key Data Points
- Altman Z-Score 5.98 (safe zone, above 2.9 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | $2.2M | +0.2% |
| FY2023 | $2.2M | -25.0% |
| FY2022 | $3.0M | -6.5% |
| FY2021 | $3.2M | +0.0% |
| FY2020 | $3.2M | +13.8% |
| FY2019 | $2.8M | +8.9% |
| FY2018 | $2.6M | +86.3% |
| FY2017 | $1.4M | -21.7% |
| FY2010 | $1.8M | - |
As of FY2024 · SEC 10-K · Updated Jun 24, 2026