Coda Octopus Group, Inc. (NASDAQ:CODA) Q4 2023 Earnings Call Transcript

So, I think we’re making good progress in the areas where for our growth strategy — it takes time, but I feel some of the programs are maturing.

William Bremer: I understand. And I appreciate the granularity. Unfortunately, many of us don’t know any of these programs. I mean, it would be helpful if yourself, the Board considers when you are on these programs to let us know about them, so we can track them, to get a sense of them. Sometimes there are one-time events like the President coming in that you mentioned, but other times, they’re not one-time events. They have annuities and multi-years, and we understand that. But we’re in the dark here and it’s very difficult to track this company and its initiatives.

Annmarie Gayle: And of course…

William Bremer: So, I thank you. I thank you for your time today. But I do hope that the Board considers being a little more flexible, a little more friendly to allow communication to its shareholders to the capital markets, because as of right now the stock is down 15% today. Year-to-date, it’s been underperforming. For the last two years, it’s been underperforming. Things have to change Annmarie. They really do. You have a stellar balance sheet. Now you got a real CFO. I welcome John. I can’t wait to meet him and speak with him. But things and the communication to the capital markets need to change and the Board needs to get a little more active for a lot of reasons. And I would love — as another investor echoed, love to see some insider purchases, Form 4s, just like the rest of us have used after-tax dollars to invest in your company through the years. I thank you for your time.

Annmarie Gayle: Thank you, Bill. Thank you.

Operator: This will conclude our question-and-answer session. I would like to turn the call back over to Annmarie Gayle for closing comments.

Annmarie Gayle: Thank you for joining Coda today, and thank you for your interest.

Operator: Thank you. This will conclude today’s conference. You may disconnect your lines at this time, and thank you for your participation.