RAAS has come out with another update; https://www.raasgroup.com/live/download/ASX:WRK%20Wrkr%20RaaS%20Update%202023%2009%2027/?wpdmdl=5637 It is very interesting reading. The $3M contract from Link is broken into $2M for services and $1M in licence fees over the 3 year term. RaaS states Wrkr will receive a 40% Gross Margin on the services revenue ($2M) & 90% Gross Margin on the Licence revenue ($1M) and that the contract value stated in the announcement did not include transaction fees of $2.00/user/year to be earnt as well. This makes the LNK User migration table assumptions in the report very interesting from a revenue perspective, as does the names of the Super funds advised. Ian
WRK Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)