Research analysts covering ORANGEKLOUD TECHNOLOGY.
Recent press releases and 8-K filings for ORKT.
Orangekloud Technology Inc. Announces Nasdaq Delisting Determination
ORKT
Delisting/Listing Issues
- Orangekloud Technology Inc. (ORKT) received a Staff Delisting Determination Letter from Nasdaq on January 29, 2026, due to its securities closing at less than $1 per share for 30 consecutive business days, violating Listing Rule 5550(a)(2).
- The company is not eligible for the standard 180-calendar day grace period to regain compliance because it had previously effected a reverse stock split within the prior one-year period.
- Orangekloud intends to appeal the Staff Determination by filing a request for an oral hearing before the Nasdaq Hearings Panel, which will stay the suspension of trading or delisting of its securities pending the Panel's decision.
- The company will submit a written plan of compliance and request a temporary exception to the listing standards, but there is no assurance that the Panel will approve the plan or grant the requested exception.
2 days ago
Orangekloud Technology Inc. Announces First Half 2025 Unaudited Financial Results
ORKT
Earnings
Financial Restatement
Revenue Acceleration/Inflection
- Orangekloud Technology Inc. reported revenue of approximately S$2.5 million (approximately $2.0 million) for the first half of 2025, marking an increase of approximately 21.6% compared to the same period in 2024.
- The company experienced a net loss of approximately S$3.6 million (approximately $2.8 million) for the first half of 2025, a significant increase from S$1.3 million in the prior year period.
- Gross profit increased by approximately 59.7% to S$901,124 (approximately $708,485), with gross profit margins improving from 26.9% to 35.4% for the six months ended June 30, 2025.
- General and administrative expenses surged to S$3.7 million (approximately $2.9 million), primarily due to post-IPO professional fees for compliance and business/corporate developments.
- Shareholders approved a 1-for-4 reverse stock split on September 16, 2025, which became effective for trading on NASDAQ on September 29, 2025.
Oct 30, 2025, 10:05 AM
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