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IXUP Ltd. ( (AU:DWG) ) has provided an update.
Dataworks Group has executed a new Change Order with iGaming Ontario under its existing Centralised Self-Exclusion contract, adding more than C$12.5 million (about A$14 million) in value over an initial three-year term plus two optional one-year extensions. The Change Order, which comes on top of a previously announced A$10 million Ontario CSE deal, shifts Dataworks into delivering and operating end-to-end managed contact centre services for the province’s self-exclusion program, is structured to be self-funding with immediate revenue, and materially strengthens the company’s recurring revenue profile and the standalone profitability of its RegTech division. Management says the enhanced earnings and cash flow base will support further product and capability investment as it pursues additional regulated gambling contracts in multiple markets, where several advanced opportunities are expected to reach decision points in the current half, potentially providing a significant uplift to Dataworks’ medium-term growth and financial outlook.
The most recent analyst rating on (AU:DWG) stock is a Hold with a A$0.08 price target. To see the full list of analyst forecasts on IXUP Ltd. stock, see the AU:DWG Stock Forecast page.
More about IXUP Ltd.
Dataworks Group Limited (ASX: DWG), formerly IXUP, operates a RegTech division focused on regulatory technology solutions for regulated gambling markets, including centralised self-exclusion platforms and associated managed services that support consumer protection and responsible gambling frameworks. The company targets both domestic and international regulated markets, leveraging its technology platform, delivery capability and regulatory expertise to build a scalable, SaaS-oriented business with a growing base of recurring, contracted revenues.
Average Trading Volume: 298,193
Technical Sentiment Signal: Hold
Current Market Cap: A$15.46M
Find detailed analytics on DWG stock on TipRanks’ Stock Analysis page.