Orcoda Limited Declares December 2019 Quarter Results

  • Jan 30, 2020 AEDT
  • Team Kalkine

A leading Australian logistics solution provider, Orcoda Limited (ASX:ODA) is an operational efficiency specialist. The Company announced its results for the quarter ended 31 December 2019:

  • ODA remained cash flow positive by $503k from operating activities and increased cash by 26% from $1.68m to $2.12m (quarterly)
  • Customer revenues increased by 250% compared with last quarter
  • EBITDA profit amounted to $220k (unaudited)
  • The Company now has Community Transport vehicles operating in Brisbane, Sunshine Coast, the Gold Coast and Melbourne and plans to launch it soon in Sydney

 

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