Orcoda Limited (ASX:ODA) Announces AGM Presentation
AGM Presentation Highlights
Orcoda Limited (ASX: ODA) has shared its Managing Director, Geoff Jamieson’s presentation from the Company’s annual general meeting. The presentation outlines Orcoda’s operational achievements and future strategic direction within transport logistics and smart city technology.
The company reported a significant 64% increase in its Annual Recurring Revenue (ARR), now at $6.4 million. This growth is attributed to successful implementations across its various technological solutions aimed at enhancing operational efficiency for clients.
Operational Performance
Orcoda has optimised around 3.1 million annual transport movements through its software solutions and boasts a client base of approximately 280 active customers, including major Australian companies in transport, healthcare, and resources sectors. The strong EBITDA margin expansion from 15.9% in FY23 to 19.9% in FY24 further underscores the Company’s solid performance.
Future Outlook
Looking ahead, Orcoda is committed to capitalising on its growing pipeline across its solutions portfolio. The Company is exploring new market opportunities, including advanced community transport solutions and strategic relationships with infrastructure service providers.
Geoff Jamieson, Managing Director, stated, “As cities and major regions around the world initiate AI digital twins for transport, Orcoda is well placed to be a leading provider of seamless AI-driven smart city transport solutions while ensuring profitability each step of the way.”
Motley Fool contributor Kiarra Jackson has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.