Orangekloud Posts Flat H1 Revenue, Narrower Loss as Orbis Deal Looms
ORKT sits 51% above its 52-week low of $0.617.
Summary
Orangekloud reported flat H1 2026 revenue of S$2.5M and a narrower S$3.0M net loss, but cash dropped to S$847,703 and it borrowed S$1.3M at 2.25% per month while the Orbis reverse merger remains pending.
Key Events · Earnings and Guidance · ORKT
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H1 Revenue Flat, Loss Narrows
Revenue was S$2,483,484 (US$1,919,082), down 2.5% from S$2,546,937; net loss narrowed to S$3,005,356 (US$2,322,352) from S$3,561,036 on lower G&A and marketing spend.
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Cash Position Deteriorates Sharply
Cash and equivalents fell to S$847,703 (US$655,052) at June 30, 2026 from S$2,986,037 at December 31, 2025, a decline of about S$2.14M.
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Costly S$1.3M Working Capital Loan
On August 17, 2026 subsidiary MSC Consulting borrowed S$1.3M from Blink Credit VCC at 2.25% per month, repayable in full after six months and secured by personal guarantees from two directors plus a deed over their personal property.
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Orbis Reverse Merger Still Pending
The August 21, 2026 Exchange Agreement would issue up to 600,000,000 ordinary shares to Orbis shareholders; closing remains subject to due diligence, fairness opinion, shareholder and Nasdaq approvals, and financing.
Analysis · ORKT · Technology
Revenue was essentially flat at S$2.5M (US$1.9M) while the net loss narrowed to S$3.0M (US$2.3M) from S$3.6M, helped by lower G&A and marketing spend. The bigger issue is liquidity: cash fell to S$847,703 (US$655,052) from S$2,986,037 at year-end, and the company took a S$1.3M working capital loan at 2.25% per month — roughly 27% annualized — secured by two directors' personal property. That is expensive bridge money ahead of a reverse merger that would issue up to 600,000,000 shares to Orbis holders, a transformative dilution event still subject to due diligence, fairness opinion, shareholder and Nasdaq approvals.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.4% of the 1539 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.45%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ORKT was trading at $0.93 on NASDAQ in the Technology sector, with a market capitalization of approximately $6M. The 52-week trading range was $0.62 to $2.49. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.