March 19, 2018 / 7:23 PM / 5 months ago

BRIEF-Coda Octopus Group Reports Q1 Loss Per Share of $0.02

March 19 (Reuters) - Coda Octopus Group Inc:

* UPDATE — CODA OCTOPUS GROUP REPORTS FISCAL 2018 FIRST QUARTER FINANCIAL RESULTS

* Q1 REVENUE FELL 43.1 PERCENT TO $3.051 MILLION

* ‍DURING FISCAL Q1, ENGINEERING BUSINESS CONTINUED TO BE ADVERSELY IMPACTED BY DELAYS IN U.S. GOVERNMENT. BUDGET AND APPROPRIATIONS PROCESSES​

* Q1 RESULTS WERE “DISAPPOINTING​”

* EXPECT REVENUE PLAN FOR ENGINEERING BUSINESS TO BE AFFECTED THROUGHOUT FISCAL YEAR 2018​ Source text for Eikon: Further company coverage:

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