Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
IXUP Ltd. ( (AU:DWG) ) has provided an announcement.
Dataworks Group reported a pivotal March quarter marked by the largest contract in its history, a C$12.5 million expansion of its Ontario self-exclusion mandate that adds managed contact centre services and strengthens recurring revenue. The company also benefited from an independent parliamentary review confirming its BetStop platform as effective and scalable, while cashflow was temporarily impacted by receivables timing but is expected to improve as a growing pipeline of advanced global contracts approaches key decision points.
The quarter’s net operating cash outflow of $0.77 million would have been positive had $1.7 million in receivables been collected before period end, reinforcing management’s view that DWG is nearing cashflow breakeven. With ongoing cost control, strong delivery across core government contracts and continued strategic interest from multiple counterparties, the expanded Ontario agreement and potential new deals are set to enhance the company’s financial outlook and industry positioning in regulated gambling markets.
More about IXUP Ltd.
Dataworks Group Limited, listed on the ASX as DWG, operates in the RegTech sector with a focus on advanced self-exclusion technologies for the global problem gambling market. Its core platforms include BetStop, Australia’s national self-exclusion register, and the Ontario Centralised Self-Exclusion program, both delivering real-time, secure regulatory infrastructure for wagering operators and regulators.
Average Trading Volume: 157,233
Technical Sentiment Signal: Sell
Current Market Cap: A$14.94M
For a thorough assessment of DWG stock, go to TipRanks’ Stock Analysis page.