Revenue has contracted by 39.1% year-over-year as of 2024Q4, while gross margins have compressed significantly from a 70.1% peak in 2022Q4 to 25.1%.
| Sales/Revenue | 10.13M | 5.59M | 4.04M | 6.09M | 7.15M | 4.91M |
| Revenue Growth % | - | 38.32% | -33.61% | -14.86% | 45.59% | - |
| Cost of Goods Sold | 6.21M | 3.54M | 2.99M | 3.22M | 2.95M | 2.62M |
| COGS % of Revenue | - | 63.34% | 73.94% | 52.83% | 41.19% | 53.43% |
| Gross Profit | 3.93M | 2.05M | 1.05M | 2.87M | 4.21M | 2.29M |
| Gross Margin % | 38.75% | 36.66% | 26.06% | 47.17% | 58.81% | 46.57% |
| Gross Profit Growth % | - | 94.59% | -63.32% | -31.7% | 83.85% | - |
| Operating Expenses | 13.96M | 9.4M | 9.74M | 4.22M | 2.4M | 2.52M |
| OpEx % of Revenue | - | 168.1% | 240.94% | 69.35% | 33.53% | 51.25% |
| Selling, General & Admin | 12.79M | 8.59M | 9.43M | 2.93M | 2.12M | 2.29M |
| SG&A % of Revenue | - | 153.55% | 233.3% | 48.16% | 29.66% | 46.53% |
| Research & Development | 1.32M | 950.9K | 30.62K | 576.56K | 49.08K | 62.36K |
| R&D % of Revenue | - | 17% | 0.76% | 9.47% | 0.69% | 1.27% |
| Other Operating Expenses | -145.4K | -137.25K | 277.95K | 714.03K | 227.3K | 169.56K |
| Operating Income | -9.36M | -7.35M | -8.69M | -1.35M | 1.81M | -229.93K |
| Operating Margin % | -92.41% | -131.44% | -214.88% | -22.18% | 25.28% | -4.68% |
| Operating Income Growth % | - | 15.39% | -543.26% | -174.69% | 886.41% | - |
| EBITDA | -9.04M | -6.93M | -8.41M | -1.06M | 2.04M | -60.37K |
| EBITDA Margin % | -89.26% | -123.92% | -208% | -17.43% | 28.46% | -1.23% |
| EBITDA Growth % | - | 17.59% | -692.04% | -152.16% | 3471.52% | - |
| D&A (Non-Cash Add-back) | 319.59K | 420.44K | 277.95K | 288.77K | 227.3K | 169.56K |
| EBIT | -10.04M | -7.35M | -8.44M | -1.27M | 2.01M | 91.92K |
| Net Interest Income | 145.41K | -23.28K | -34.9K | -36.62K | -17.27K | -20.57K |
| Interest Income | 164.24K | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 58.19K | 23.28K | 34.9K | 36.62K | 17.27K | 20.57K |
| Other Income/Expense | -426.19K | 3.07M | 208.65K | 42.76K | 179.7K | 301.28K |
| Pretax Income | -9.79M | -4.28M | -8.48M | -1.31M | 1.99M | 71.36K |
| Pretax Margin % | -96.58% | -76.62% | -209.71% | -21.47% | 27.79% | 1.45% |
| Income Tax | 169.3K | 115.03K | 169.3K | 0 | 0 | 0 |
| Effective Tax Rate % | -1.73% | -2.68% | -2% | 0% | 0% | 0% |
| Net Income | -9.96M | -4.4M | -8.65M | -1.31M | 1.99M | 71.36K |
| Net Margin % | -98.25% | -78.68% | -213.9% | -21.47% | 27.79% | 1.45% |
| Net Income Growth % | - | 49.12% | -561.29% | -165.78% | 2685.91% | - |
| Net Income (Continuing) | -9.96M | -4.4M | -8.65M | -1.31M | 1.99M | 71.36K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -1.75 | -0.76 | -1.73 | -0.26 | 0.40 | 0.01 |
| EPS Growth % | - | 56.07% | -565.38% | -165% | 2697.2% | - |
| EPS (Basic) | - | -0.76 | -1.73 | -0.26 | 0.40 | 0.01 |
| Diluted Shares Outstanding | 5.7M | 5.84M | 5M | 5M | 5M | 5M |
| Basic Shares Outstanding | 5.7M | 5.84M | 5M | 5M | 5M | 5M |
| Dividend Payout Ratio | - | - | - | - | 22.62% | - |
Liquidity and operational scale
According to recent financial disclosures, ORKT experienced a significant revenue decline, with quarterly figures dropping to $1.9M in 2024Q4 from $4.0M in 2022Q4, signaling that the company's current growth trajectory is contracting rather than scaling as initially anticipated by market participants.
The sharp deceleration in top-line performance suggests that the company's reliance on project-based implementation is highly volatile and sensitive to SME spending cycles. Investors should monitor whether this contraction reflects a structural loss of market share or merely the lumpy nature of its professional services revenue model.
As reported in historical income statements, ORKT's gross margin has compressed from a peak of 70.1% in 2022Q4 to 25.1% in 2024Q4, indicating that the company is struggling to maintain pricing power while managing the high variable costs associated with its service-heavy delivery model.
This significant margin degradation implies that the company's no-code platform may require more intensive manual customization than originally projected. The inability to sustain higher margins suggests that the business model is currently functioning more like a traditional IT consultancy than a scalable software enterprise.
Based on the provided income statement data, ORKT's operating expenses have decoupled from revenue growth, resulting in an operating loss of $7.4M in 2024Q4, which highlights a lack of operational leverage and an unsustainable cost structure relative to its current revenue base.
The surge in SG&A expenses relative to declining revenue suggests that the company is failing to achieve the economies of scale necessary for profitability. This trend warrants further investigation into whether management is prioritizing aggressive expansion at the expense of fundamental operational efficiency.
Data from recent filings indicates that ORKT's net margin has plummeted to -3.7% in 2024Q4, raising serious questions about the viability of its current strategy and the potential for continued cash burn in the absence of a clear path to operational profitability.
Short-sellers would likely focus on the widening gap between revenue and operating expenses, which suggests that the company may face significant liquidity risks in the near term. The reliance on high-touch implementation services appears to be a structural barrier to achieving the margin profile typically associated with successful software firms.
Quick answers to the most common questions about buying ORKT stock.
For fiscal year 2025, Orangekloud Technology Inc. (ORKT) reported total revenue of $5.6M. This represents a 13.8% increase compared to $4.9M in 2021.
Orangekloud Technology Inc. (ORKT) reported a net loss of $4.4M for the fiscal year ending 2025.
Orangekloud Technology Inc. (ORKT) reported an operating income of $-7.4M, resulting in an operating profit margin of -131.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Orangekloud Technology Inc. (ORKT) generated $2.1M in gross profit for the year, representing a gross profit margin of 36.7%. This demonstrates the company's core pricing power and production efficiency.