I am not able to make tomorrow's webinar so I am hoping there will be a video posted to the new Investor Hub.
My initial views of the 4C
- Continued 40%+ organic growth (I am assuming that there is still minimal income from the Link relationship in these revenue figures) and if so, the revenue result is an impressive effort by management and staff.
- With Wrkr reaching their revenue target, staff will receive their share bonus incentives. Well done!!
- Have a look at Wrkr's website, it has now been completely upgraded; https://wrkr.com.au/
- Cost-to-income management (a most unappreciated management metric) is outstanding.
- The Workday integration is an excellent outcome in my opinion. Workday is a very sophisticated corporate CRM used by large corporates and I think, a large portion of the universities in Australia.
- The question @patawalonga asked some days ago re Wrkr's ability to scale internationally has been well and truly answered within the commentary of the 4C.
- Wrkr Pay upgrade is ahead of schedule.
What we are missing are the SOW contracts from Link. Once completed we will start to see the transfer of clients and the associated services start that will trigger a step-change in the business.
I had done the following slides some time ago, further attempting to break down with greater clarity the services of Wrkr.
With the release of this 4C I thought they may have some relevance to some investors.
For me, this 4C is a good result, while lacking the spark (Link SOWs) to make investors stand-up and take greater notice of this business.
Ian
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