Read the full article on The Market Herald here.
- Orcoda (ODA) has reported a 90 per cent increase in customer receipts to $2.79 million for the March quarter
- The transport logistics and services provider allocated almost $1.7 million to staff and admin costs and around $967,000 to product manufacturing and operating costs
- Despite that, the company had a positive net cashflow position for the third quarter in a row
- Orcoda operates three divisions including the healthcare, transport and resources divisions
- Significantly, the healthcare division inked a three-year deal to provide its vehicles and drivers to TransitcareAt the end of the period, Orcoda had $2.3 million in cash – a healthy increase from the $708,000 it started with
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