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ORKT

Orangekloud Technology Inc.

ORKT

Orangekloud Technology Inc. • NASDAQ
$0.97 ▲ 1.04% (+0.01)
Market Cap $5.60 M
52w High $17.84
52w Low $0.88
Dividend Yield 0%
P/E -0.34
Volume 9.19K
Outstanding Shares 5.77M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $1.949M ▼ $7.902M ▲ $-7.306M ▼ -374.881% ▼ $-1.28 ▼ $-7.333M ▼
Q2-2024 $2.094M ▼ $1.839M ▼ $-1.342M ▼ -64.079% ▼ $-0.26 ▼ $-1.195M ▼
Q4-2023 $3.199M ▲ $2.116M ▲ $-400.728K ▲ -12.526% ▲ $-0.08 ▲ $-1.074M ▼
Q2-2023 $2.89M ▼ $2.028M ▲ $-906.966K ▼ -31.378% ▼ $-0.182 ▼ $-116.428K ▼
Q4-2022 $4.034M $1.269M $1.551M 38.453% $0.31 $1.643M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $8.166M ▲ $16.019M ▲ $2.463M ▲ $13.556M ▲
Q2-2024 $724.316K ▼ $3.035M ▼ $2.322M ▲ $712.805K ▼
Q4-2023 $1.067M ▼ $4.224M ▼ $2.128M ▼ $2.097M ▼
Q2-2023 $1.685M ▼ $5.161M ▼ $2.691M ▼ $2.47M ▼
Q4-2022 $2M $6.727M $3.363M $3.364M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-7.306M ▼ $0 $0 $0 $0 $0
Q2-2024 $-1.342M ▼ $0 ▲ $0 ▼ $0 ▲ $0 ▲ $0 ▲
Q4-2023 $-400.728K ▲ $-611.64K ▼ $242.076K ▲ $-276.372K ▼ $-309.068K ▼ $-617.684K ▼
Q2-2023 $-906.966K ▼ $-395.838K ▼ $-304.262K ▼ $372.832K ▲ $-157.435K ▼ $-408.708K ▼
Q4-2022 $1.551M $988.388K $-278.688K $-221.052K $243.106K $953.044K

Five-Year Company Overview

Income Statement

Income Statement Orangekloud is still in the early, “build” phase financially. Historically, reported revenue has been minimal, and the company has been running at a loss. More recent disclosure (post‑IPO) suggests revenue is starting to grow from a very small base, but losses have widened as they spend more on listing costs, product, and expansion. Profitability is not yet in sight, and per‑share earnings figures are quite volatile, which is common for a small, newly listed SPAC name with a changing share count and one‑off items.

Balance Sheet

Balance Sheet The balance sheet is simple and light. Assets are small and largely made up of cash, with no debt reported and only a modest equity base. This means the company is financially “clean” but also relatively fragile: it has limited resources to absorb prolonged losses without raising more capital. Any future capital raises or acquisitions could change this picture quickly, so the balance sheet should be watched closely as the growth plan unfolds.

Cash Flow

Cash Flow Cash flow from operations is negative, reflecting that the core business is not yet self‑funding. Free cash flow is also negative, though current capital spending looks modest, which fits a software model but also signals that most cash outflow is going into people and growth rather than heavy equipment. For now, the business appears dependent on external financing, such as IPO proceeds, to cover its cash burn and fund expansion efforts.

Competitive Edge

Competitive Edge Orangekloud operates in the crowded no‑code and low‑code software space, but is trying to stand out by focusing on AI‑driven, natural‑language app creation and tight integration with complex backend systems like ERPs. Its dual role as both an ERP solutions provider and a no‑code platform vendor gives it a credible entry point with small and mid‑sized enterprises. Partnerships with organizations like AI Singapore and Evvo Labs strengthen its technical and security story. However, it remains a very small player competing against much larger, better‑funded global platforms, so market share, brand recognition, and customer adoption remain key uncertainty areas.

Innovation and R&D

Innovation and R&D Innovation is clearly the center of Orangekloud’s strategy. The eMOBIQ AI platform aims to let non‑coders build real, production‑grade applications using plain language, with AI automating much of the development, documentation, and deployment work. Planned work on a specialized large language model for software engineering, combined with cybersecurity know‑how from Evvo Labs, is intended to deepen the platform’s intelligence and differentiation. This R&D‑heavy path could create a defensible niche if execution and adoption are strong, but it also means sustained spending and technical risk, with benefits that may only show up over several years.

Summary

Overall, Orangekloud is an early‑stage, post‑SPAC software company with a promising, AI‑centric product vision but very limited financial track record and ongoing losses. The business model is asset‑light, with no debt and some cash to fund its roadmap, yet the scale is small and the company is not self‑financing. Its strengths lie in innovation, enterprise focus, and strategic partnerships; its main challenges are proving product‑market fit at scale, managing cash burn, and carving out a durable position in a competitive global no‑code market. Anyone following ORKT will likely want to track revenue traction, customer case studies, recurring usage of eMOBIQ AI, and how the balance between investment and cash preservation evolves over the next few years.