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IXUP Ltd. ( (AU:DWG) ) has provided an update.
DataWorks Group Limited reported a significant reduction in cash outflows by over 50% in the fourth quarter of FY25, driven by disciplined cost management and increased revenues. The company anticipates achieving positive operating cash flows by the end of 2025, supported by existing contracts and potential new opportunities. The Ontario iGaming contract in Canada has notably contributed to increased cash receipts, with further growth expected. The appointment of CEO Al Watson to the Board of the Responsible Gambling Council highlights DWG’s industry recognition and strengthens its position in technology-enabled player protections.
More about IXUP Ltd.
DataWorks Group Limited (ASX: DWG) is a global leader in advanced self-exclusion technologies aimed at addressing problem gambling. The company focuses on providing comprehensive solutions for responsible gambling, with a significant market presence in the iGaming industry.
Average Trading Volume: 97,418
Technical Sentiment Signal: Sell
Current Market Cap: A$8.18M
For detailed information about DWG stock, go to TipRanks’ Stock Analysis page.