Orcoda First Half 2024 Earnings: EPS: AU$0.004 (vs AU$0.003 loss in 1H 2023)

Orcoda (ASX:ODA) First Half 2024 Results

Key Financial Results

• Revenue: AU$14.4m (up 51% from 1H 2023).
• Net income: AU$648.8k (up from AU$476.2k loss in 1H 2023).
• Profit margin: 4.5% (up from net loss in 1H 2023). The move to profitability was driven by higher revenue.
• EPS: AU$0.004 (up from AU$0.003 loss in 1H 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Orcoda Earnings Insights

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Software industry in Australia.

Performance of the Australian Software industry.

The company's shares are up 8.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Orcoda you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.