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SINGAPORE - Orangekloud Technology Inc. (NASDAQ:ORKT), whose stock has shown strong momentum with notable returns over the past three months according to InvestingPro data, announced Friday the launch of eMOBIQ AI, a platform that enables users to build enterprise-grade applications using natural language commands.
The Singapore-based technology company’s new offering allows organizations to develop and deploy applications across web and mobile environments from a unified interface, according to a company press release.
The platform features capabilities for accelerated development, allowing applications to be built within hours rather than months. It includes business-centric architecture that matches user specifications and supports connections to various backend systems including ERP solutions.
eMOBIQ AI also offers integration with third-party APIs and backend services, while maintaining a single source codebase for deployment across iOS, Android, and web platforms.
"We are redefining what it means to build enterprise applications," said Alex Goh, CEO of Orangekloud Technology. "What used to take months and entire dev teams can now be achieved in days, at a fraction of the cost and complexity." While the company maintains a strong balance sheet with cash exceeding debt and liquid assets covering short-term obligations, InvestingPro analysis indicates rapid cash burn rates that investors should monitor.
The company stated the platform includes AI-enhanced workflows, built-in debugging tools, auto-generated documentation, run-time diagnostics, and guided resolutions.
Orangekloud Technology, which trades on the Nasdaq under the ticker ORKT, specializes in no-code mobile application development platforms designed for small and medium enterprises and corporations across sectors including food services, manufacturing, precision engineering, and construction. While analysts expect sales growth this year, InvestingPro data reveals additional insights about the company’s financial health, with over 8 more exclusive ProTips available to subscribers.
In other recent news, OrangeKloud Technology Inc. announced it has secured a contract with Evvo Labs Pte. Ltd. to supply 450 Cloud Workspace Terminals valued at $301,275. This agreement marks a significant development for the company as it continues to expand its technology offerings. Additionally, OrangeKloud has regained compliance with Nasdaq’s standards, meeting the alternative minimum $2.5 million stockholder’s equity requirement. This compliance issue was previously raised in December 2024, but the company has now resolved it, as confirmed by the Nasdaq Stock Market. The company’s CEO, Goh Kian Hwa, signed the necessary SEC form 6-K to report the resolution of this matter. These developments reflect OrangeKloud’s ongoing efforts to maintain its standing in the market.
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