Orcoda
Orcoda

Highlights

  • ORCODA (ODA) reports strong growth in customer receipts and operating cash flows for Q4 FY23
  • The company posted record full year customer receipts of $22.4 million and operating cash flows of $2.1 million for FY23
  • In July, ODA acquired Future Fleet, substantially adding to the company’s recurring revenue stream
  • The company held $5.8 million in available funding at the end of the financial year
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ORCODA has reported continued strong growth in customer receipts and operating cash flows for the three-month period to June 30, 2023.

The company revealed 31%  year-on-year (yoy) growth in customer receipts totalling $22.4 million and operating cash flows of $2.1 million, up 97% to the previous year.

ORCODA also highlighted total unaudited income of $20.7 million, which is up 25% yoy.

The company announced it had $5.8 million in available funding at the end of the financial year 22/23.

“I am particularly pleased by our recent commercial successes with the signing of several large contracts in both our software and contracting businesses, providing a strong pipeline for FY24,” ODA Managing Director Geoff Jamieson said.

“Additionally, we acquired Future Fleet which will add substantially to our recurring revenue stream and we will be working closely with Future Fleet to integrate our products and realise cross-selling synergies.

“With the continued acceleration of digital transformation and rapid developments in connected cars and AI, I am excited about the future growth opportunities for ORCODA as a leading provider and innovator of Smart Cities transport technology and contracting solutions.”

ACTA badge

Orcoda, Australia’s number one software provider for client management and transport technology, is proud to announce its role as the official Name Partner for the upcoming Australian Community Transport Association (ACTA) National Conference. The event, taking place next week on Wednesday and Thursday, will see Orcoda sharing the spotlight with its wholly owned subsidiary, Future Fleet, one of the nation’s leading telematics and transport technology providers.

As the demand for community transport in Australia continues to grow, providers are facing the dual challenges of moving more people while operating more cost-effectively. Orcoda and Future Fleet will be showcasing a comprehensive, integrated solution designed to meet these challenges head-on by helping organisations to aggregate, optimise, and automate their entire transport operation.

Conference attendees will get a firsthand look at Orcoda’s comprehensive software package, including the brand-new Customer Booking Portal and App. This powerful new tool empowers customers, carers, and agencies to book their own transport directly via a web portal or mobile app, providing them with greater independence and a complete record of past, present, and future bookings. The platform also supports administration teams by simplifying complex government DEX reports and integrating with accounting software to eliminate double handling.

Complementing this powerful software is the cutting-edge in-vehicle technology from Future Fleet. With over 20 years of trusted service, Future Fleet provides Australia-wide GPS fleet and asset tracking powered by IoT, AI, satellite, and 5G technology. A key focus at the conference will be on enhancing safety and compliance with innovations like:

  • AI-Powered Video Telematics: AI cameras that act as a trusted co-pilot, helping to prevent collisions and providing real-time in-cab driver coaching to reduce risky behaviours like mobile phone use and distraction.
  • SeatCheck: A safety system that detects wheelchair presence and ensures correct restraint usage, sending real-time notifications and violation reports to management.

As a proudly Australian-based team, Orcoda and Future Fleet are committed to continuously improving their platforms to better serve the community transport sector.

We invite all attendees to visit our booth to see how our fully integrated software and hardware solutions can drive efficiency and safety for your organisation.

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