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Orcoda Limited ( (AU:ODA) ) just unveiled an update.
Orcoda reported a stronger third quarter, with cash receipts from customers rising 17% to $5.99 million, operating cash flow turning positive at $1.14 million and free cash flow of $767,000, supported by $4.75 million in available working capital and annual recurring revenue of about $5.4 million. The Transport and Logistics Division increased its recurring revenue and expanded its pipeline in community transport and AI-enabled in-vehicle solutions, while the Resource and Infrastructure Division returned to cash flow positive and profitable after a period of customer-driven weakness, positioning the company to pursue larger domestic and international opportunities and signalling a renewed growth phase following cost reductions and operational streamlining.
The most recent analyst rating on (AU:ODA) stock is a Sell with a A$0.05 price target. To see the full list of analyst forecasts on Orcoda Limited stock, see the AU:ODA Stock Forecast page.
More about Orcoda Limited
Orcoda Limited (ASX: ODA) is an Australian provider of integrated smart technology solutions focused on transport logistics, workforce logistics and transport infrastructure. The company delivers AI-powered platforms such as Transport360 and Contractor360 to optimise operations, efficiency, connectivity and compliance for major clients across transport logistics, healthcare transport, infrastructure, resources and mining, with a long-term vision to be a leading transport technology provider for future smart transport corridors.
Average Trading Volume: 247,493
Technical Sentiment Signal: Sell
Current Market Cap: A$9.38M
Learn more about ODA stock on TipRanks’ Stock Analysis page.