Great analysis as usual. I suspect the revenues from this will...

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Lucretious

6,562 Posts.

2009

04/10/23

11:47

Post #: 70165557
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Originally posted by investig8: ↑

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

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Great analysis as usual. I suspect the revenues from this will be materially larger than the $3m over 3 years as stated in the RAAS report. Those GM margins are also in line with my expectations so affirms my views. Even RAAS report suggest the EV/EBITDA will be 4.6 when peers are 7.5, so there is also room for valuation upside there.

WRK Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
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Last 6.3¢		Change 0.002(3.28%)		Mkt cap ! $108.5M

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