Orangekloud Technology Inc.ORKT

OrangeKloud Technology Inc. is a Singapore-based outfit selling the eMOBIQ® no-code mobile-app builder to SMEs and corporate clients, and the latest audited accounts for the year ended 31 December 2025 show a company that is still chasing scale rather than profitability. Revenue in the 20-F clocks in at $4.4 million, net loss at $3.5 million, and diluted EPS at minus $0.60 on 5.8 million shares outstanding. The balance sheet lists $9.2 million of assets, $2.6 million of liabilities, and $2.3 million of cash, while operating cash flow is a negative $3.6 million. In short, the group is still funding operations from equity rather than from customers. (source: OrangeKloud Technology Inc. 20-F, period ending 2025-12-31, https://www.sec.gov/Archives/edgar/data/1979407/000149315226028045/riks-2025-12-31.htm)

The company’s marquee product is the eMOBIQ® no-code platform, which promises to let non-developers drag-and-drop mobile applications in minutes. Orangekloud’s own product pages trumpet Acumatica ISV solutions and cross-platform frameworks like Cordova and React Native, while the newsroom crows about the July 25 launch of eMOBIQ® AI and a strategic tie-up with Intellsync to drive SME digital transformation. The visuals are sleek, the language is futuristic, and the filing reality is $4.4 million of revenue. (source: Acumatica ISV solutions, https://orangekloud.com/acumatica-isv-solutions/; Platform product page, https://orangekloud.com/; News & Events, https://orangekloud.com/news-events/)

On the capital side, OrangeKloud’s S-8 registration statement filed 16 July 2026 allows the sale of up to 1.5 million additional shares. The document does not promise a timetable, a price, or a use of proceeds, but the existing diluted share count is already 5.8 million and the annual revenue base is only $4.4 million. If the goal is to fund growth through equity issuance, the arithmetic is straightforward: each new share must generate more than $2.93 of revenue just to keep revenue-per-share flat. (source: ORKT S-8 POS, https://www.sec.gov/Archives/edgar/data/1979407/000149315226033462/forms-8pos.htm)

The board also disclosed on 16 July 2026 that it has entered a reverse merger agreement with VEVE, but the accompanying 6-K/A immediately reminds readers that any forward-looking statements ‘speak only as of the date hereof’ and that OrangeKloud ‘specifically disclaims any obligation to update’ them. The same filing shows equity of $6.6 million versus liabilities of $2.6 million and operating cash burn of $3.6 million for the year. In other words, the company is still selling a vision while the ledger records a deficit. (source: ORKT 6-K/A, https://www.sec.gov/Archives/edgar/data/1979407/000149315226033427/form6-ka.htm)

What the filings do not yet provide is any segment-level breakdown of where the $4.4 million of revenue is earned, how much is recurring SaaS versus one-off services, or what the customer concentration looks like. OrangeKloud’s own site invites visitors to ‘Start a Free Trial’ and ‘Request a Demo’, but the 20-F gives no insight into trial-to-paid conversion or customer acquisition cost. Until the company files a revenue bridge or a cohort analysis, the source requires readers to take the top-line figure at face value and treat the rest as directional. (source: START A FREE TRIAL, https://orangekloud.com/request-a-demo/)

The free-trial page also carries a product image of the OrangeKloud logo and the tagline ‘OrangeKloud Pte Ltd’, reinforcing that the issuer behind ORKT is a Singapore private limited company rather than a public entity with a US listing. The EDGAR index confirms that all filings are lodged under CIK 1979407, and the companyfacts JSON shows standard XBRL tags for revenue and loss, but the data set stops short of segment detail or geographical split. (source: ORKT SEC EDGAR filing index, https://www.sec.gov/edgar/browse/?CIK=1979407; ORKT companyfacts JSON, https://data.sec.gov/api/xbrl/companyfacts/CIK0001979407.json)