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An announcement from Wrkr Ltd ( (AU:WRK) ) is now available.
Wrkr Ltd has reported a strong quarter with positive operating cash flow for the third consecutive time, driven by strategic investments and readiness for new client onboarding. The company successfully raised $15 million in capital, positioning itself to enhance its platform and expand its market presence, especially in light of the upcoming decommissioning of the ATO’s Small Business Clearing House, which presents new market opportunities.
More about Wrkr Ltd
Wrkr Ltd operates in the financial technology industry, providing Platform-as-a-Service (PaaS) solutions focused on payroll and superannuation services. The company is actively involved in developing compliance and security features to cater to major superannuation funds and payroll systems, with a market focus on expanding its user base and capturing opportunities arising from regulatory changes.
Average Trading Volume: 2,739,417
Technical Sentiment Signal: Buy
Current Market Cap: A$266M
For a thorough assessment of WRK stock, go to TipRanks’ Stock Analysis page.