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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