Orcoda
Orcoda
  • Continued growth in customer receipts of $5.5 million for the Quarter, +2% vs previous corresponding period (“pcp”) cycling a very strong Q3 FY23. Q3 FY24 results were impacted by severe wet weather conditions in Queensland which affected progress of multiple projects
  • Another consecutive quarter of positive operating cash flows with $0.3 million for the Quarter
  • Strong year to date (YTD) FY24 results, on track to exceed FY23 full year results:
    • YTD customer receipts $21.3 million, +28% over pcp
    • YTD operating cash flow $2.2 million, +61% over pcp
    • YTD total income (unaudited) $19.7 million, +27% over pcp
  • Positive momentum in Transport Technology, with successful implementation and new SaaS contract wins. Going forward, key focus is on sales & marketing to secure further contracts and growing recurring revenue
  • Cash and cash equivalents of $4.8 million and available working capital of $5.8 million (cash plus undrawn bank facilities) as of 31 March 2024

Orcoda is pleased to provide shareholders and investors with an overview of activities to accompany Appendix 4C for the quarter ended 31 March 2024.

Commenting on the Quarter, Orcoda Managing Director, Geoff Jamieson, said:

“Notwithstanding a challenging Quarter for Betta Group – as many of its projects were affected by prolonged heavy rainfall – I am particularly pleased to report that we have delivered continued growth in customer receipts while also achieving sustained positive operating cash flows. This is a testament of our resilience and strong positive contribution from the Transport Technology division.

Current momentum within our Transport Technology division is encouraging, with the successful implementation and activation of new SaaS contracts including our first contracts in ORCODA Connect and ORCODA GO, and awarded several new SaaS contracts with community transport providers. On the back of our progresses and considerable investment made in new product development in FY24 year to date, we are now focused on sales & marketing efforts to accelerate penetration of our addressable markets and growing our recurring revenue base.

Overall, I am excited about Orcoda’s prospects as a leader in providing smart transport technology solutions and services to customers in parallel with the broader digital transformation accelerating across our key markets.”

Click here to view the full Quarterly Activites Report
Click here to view Appendix 4C

Financial Highlights Presentation

The Company is also pleased to provide shareholders with a copy of its Q3 Financial Highlights Presentation.

Please click the image HERE to view the full presentation.

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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