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Qoria ( (AU:QOR) ) has shared an announcement.
Qoria has provided an update on the proposed merger with Aura Consolidated Group, highlighting Aura’s recent operational and financial performance to inform shareholders ahead of the scheme of arrangement vote. Aura reported annual recurring revenue of US$238 million as of 28 February 2026, representing 30% year-on-year growth, alongside a 35% rise in total subscribers to 1.3 million and improvements in customer acquisition cost and average order value.
Aura has also implemented about US$15 million in annualised cost savings, including personnel and operational reductions, and plans to cut performance marketing spend, underscoring a focus on profitability and efficiency. The Qoria board continues to unanimously recommend the scheme, subject to no superior proposal and a favourable conclusion from the independent expert, signalling ongoing board support for the transaction and its perceived benefits for Qoria shareholders.
The most recent analyst rating on (AU:QOR) stock is a Hold with a A$0.35 price target. To see the full list of analyst forecasts on Qoria stock, see the AU:QOR Stock Forecast page.
More about Qoria
Qoria Limited is an ASX-listed company operating in the technology sector, with its shares traded under the ticker QOR. The company is currently the subject of a proposed acquisition by U.S.-based Aura Consolidated Group Inc., under which Qoria shareholders would receive Aura common stock in the form of CHESS Depositary Interests via a court-approved scheme of arrangement.
Average Trading Volume: 13,986,131
Technical Sentiment Signal: Sell
Current Market Cap: A$405.4M
For detailed information about QOR stock, go to TipRanks’ Stock Analysis page.