How Orcoda’s ACTA Trial Contracts Reshaped Its Market Narrative
Orcoda Limited has clarified the materiality and timing of disclosures related to its ACTA trial and new SaaS contracts, confirming compliance with ASX Listing Rules and explaining the rationale behind its announcements.
- ACTA trial contracts collectively valued at approximately A$1.5 million over three years
- Two smaller ACTA contracts worth about A$19,000 were not individually disclosed earlier
- New SaaS contracts adding around A$1 million incremental revenue starting July 2025
- Orcoda confirmed timely disclosure following assessment of aggregate materiality
- Company affirms compliance with ASX continuous disclosure obligations and Listing Rule 3.1
Background on the ACTA Trial Contracts
Orcoda Limited, a technology company specialising in software-as-a-service solutions for community transport providers, recently responded to ASX queries regarding the disclosure of contracts related to its ACTA trial. The ACTA trial involved multiple contracts with transport providers across Australia, collectively valued at approximately A$1.5 million over a three-year term. While individual contracts were not deemed material on their own, the aggregate value was assessed as material once the trial concluded in June 2025.
Disclosure Timing and Materiality Assessment
Orcoda explained that two smaller contracts within the ACTA trial, worth about A$19,000 combined, were not previously disclosed individually or collectively due to their immaterial size relative to the total contract value. The company emphasised that it had kept the market informed through quarterly and half-year reports referencing the trial’s progress. The decision to disclose the full scope of the ACTA trial contracts was made on 10 July 2025, after the trial’s completion and a comprehensive assessment of the contracts’ collective materiality.
New SaaS Contracts and Revenue Outlook
In addition to the ACTA trial contracts, Orcoda announced six new SaaS contracts with community transport providers, expected to generate approximately A$1 million in incremental revenue over three years starting 1 July 2025. These contracts were disclosed promptly on 14 July 2025 to keep the market fully informed of the company’s ongoing developments and growth trajectory in the SaaS segment.
Regulatory Compliance and Governance
Orcoda confirmed that all disclosures were made in compliance with ASX Listing Rule 3.1 and related continuous disclosure obligations. The company’s board conducted thorough reviews to ensure that the timing and content of announcements met regulatory standards. Orcoda also reaffirmed its commitment to robust governance and transparency, with all responses to ASX queries authorised by the board in accordance with its continuous disclosure policy.
Market Reaction and Forward View
The announcement of the SaaS contracts and clarification of the ACTA trial contracts coincided with a notable 40% intraday share price increase on 14 July 2025, reflecting investor interest in Orcoda’s expanding contract base and revenue potential. Moving forward, the company’s ability to convert these contracts into sustained revenue streams will be closely watched by the market as a key indicator of its growth prospects in the community transport software sector.
Bottom Line?
Orcoda’s detailed disclosure and compliance reaffirm its transparency, but investors will watch closely how these contracts translate into future growth.
Questions in the middle?
- How will Orcoda’s revenue recognition from the ACTA trial and new SaaS contracts impact upcoming financial results?
- What is the potential for scaling these SaaS contracts beyond the initial three-year terms?
- Could further undisclosed contracts or trials emerge that might affect Orcoda’s materiality assessments?