Funny Jocko, here I am thinking I can just post and hideaway LOL.
While short in length, this video had a few gems for me.
- Glad to hear that we are at the final stage of contract negotiations with multiple funds after the REST pilot.
- I consider the REST pilot to be MUFG's industry fund test case, thus other pilots will not be required.
- I have been circumspect that Aussie Super may not stay with MUFG and hence Wrkr. The comments made in this video referencing annuity revenue of between $7M - $14M for funds coming onboard suggests that Aussie super will be using the Wrkr platform.
- Revenue growth this calendar year will be lumpy, as service revenue and spending of working capital to onboard super funds will washout in the financials.
- I expect industry super onboarding will be the key goal of the business back half of this year.
- Contract confirmations will lock in long term recurring revenue streams which really won't be seen until calendar year 2026 and than boosted by 2-3x with Payday Super reforms. This outcome is the key to Wrkr's business model.
Instead of being years away, we are now only weeks/months away from the business launching itself out of the starting blocks.
Ian
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