Orcoda Limited Posts Record Financial Year

Orcoda Limited (AU:ODA) has released an update.

Orcoda Limited reported a strong finish to FY24 with a 5% quarterly and 21% yearly increase in total income, reflecting robust performance in its Future Fleet division and growing recurring revenues. The company also noted significant operational achievements, including major contracts and the commencement of a government-funded trial aimed at sustainable community transport. Proforma adjustments indicate a healthy cash position, with $4.6 million in cash and equivalents and $5.6 million in available working capital at the end of June 2024.

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