Ann: Contract to uplift Employer Solutions for Link Group, page-23

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