Orcoda (ASX:ODA) celebrates positive cashflow and higher earnings

Orcoda Cars
  • Orcoda (ODA) is celebrating its fifth consecutive cashflow positive quarter for the three months ending September 30, 2021
  • The company generated $779,000 from operating activities which is largely due to a 37 per cent increase in customer receipts to $4.58 million
  • Out of its resource, healthcare and transport divisions, resources led the way and saw strong revenue growth and welcomed a strong pipeline of potential contracts
  • Unfortunately, ODA says the transport division is still feeling the affects of the pandemic but developments and improvements have been paid to benefit future customers
  • Company shares are up 7.14 per cent to trade at 15 cents

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