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wrkr Ltd (ASX:WRK)
ALERT: Price-sensitive ASX Announcement for WRK
Current share price for WRK : $0.080 0.028 (53.85%)+
Announcement
Release
29 Jan 2025 11:55AM
Price at Release
$0.052
Full Release
Summary
Wrkr Ltd has released its Quarterly Activity Report and Appendix 4C for Q2 FY25, focusing on strategic growth through enhanced commercial negotiations and significant investments, especially in relation to its partnership with MUFG for retirement solutions. The company has seen a decline in net operating cash flows compared to the previous quarter but remains optimistic due to strong pipeline opportunities and platform development for the upcoming Payday Super. Wrkr is strategically hiring to bolster its team as it gears up for implementation and has maintained a healthy cash balance of $7.2 million as of December 31, 2024, indicating readiness for future growth.
Key Points
- Wrkr focused on commercial negotiations and technical responses in Q2 FY25.
- Investment was accelerated for the Payday Super initiative.
- Key hiring included a new COO and cyber security analyst to support growth.
- Cash balance stood at $7.2 million at the end of December 2024.
- The company aims to enhance the Wrkr PLATFORM for better service delivery.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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