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IXUP Ltd. (AU:DWG)
ASX:DWG
Australian Market

IXUP Ltd. (DWG) AI Stock Analysis

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AU:DWG

IXUP Ltd.

(Sydney:DWG)

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Neutral 48 (OpenAI - 4o)
Rating:48Neutral
Price Target:
AU$0.06
▼(-38.89% Downside)
The overall stock score of 47.5 reflects significant financial and technical challenges. The company exhibits strong revenue growth but faces ongoing losses and leverage risks. Technical analysis indicates bearish momentum, and valuation metrics are unfavorable due to unprofitability. Improvement in profitability and operational cash generation are crucial for a better outlook.
Positive Factors
Revenue Growth
The significant revenue growth indicates strong demand for IXUP's data collaboration solutions, enhancing its market position and potential for future profitability.
Cash Flow Improvement
Improved cash flow management suggests better operational efficiency and a move towards achieving positive operating cash flows, enhancing financial stability.
Strategic Partnerships
Strategic partnerships like the Ontario iGaming contract expand IXUP's market reach and revenue streams, supporting long-term growth and competitive advantage.
Negative Factors
Profitability Challenges
Ongoing profitability challenges with negative EBIT and net income indicate that IXUP needs to improve cost management and operational efficiency to achieve sustainable profitability.
High Debt-to-Equity Ratio
A high debt-to-equity ratio can strain financial resources and limit flexibility, posing risks to long-term financial health if not managed carefully.
Negative Cash Flow from Operations
Negative cash flow from operations indicates reliance on external financing, which can be unsustainable and risky if revenue growth does not translate into positive cash flows.

IXUP Ltd. (DWG) vs. iShares MSCI Australia ETF (EWA)

IXUP Ltd. Business Overview & Revenue Model

Company DescriptionDataWorks Group Limited, develops software products for gaming, sports marketing, and data analytics in Australia, the United Kingdom, and North America. The company provides secure data engine platform, a collaboration platform that uses encryption technology to ensure control, security, and privacy of data. It also provides software product suite for secure management and analysis of sensitive data using security technology. DataWorks Group Limited was formerly known as IXUP Limited and changed its name to DataWorks Group Limited in March 2025. DataWorks Group Limited was founded in 2011 and is based in North Sydney, Australia.
How the Company Makes MoneyIXUP Ltd. generates revenue primarily through licensing its software solutions to organizations seeking secure data collaboration capabilities. The company offers subscription-based models for its encryption and data analytics platforms, allowing clients to access, share, and analyze data securely. Key revenue streams include software licensing fees, subscription fees, and potentially custom services or consulting related to data security implementations. Additionally, strategic partnerships with other technology firms or industry-specific solutions can enhance IXUP's market reach and revenue potential.

IXUP Ltd. Financial Statement Overview

Summary
IXUP Ltd. has shown impressive revenue growth, but continues to struggle with profitability, as indicated by negative EBIT and net income. The balance sheet reflects some stability due to positive equity, yet the high debt-to-equity ratio poses leverage risks. Cash flow from operations remains negative, indicating reliance on external financing.
Income Statement
30
Negative
IXUP Ltd. has experienced significant revenue growth, increasing from AUD 1.26 million in 2023 to AUD 6.63 million in 2024, which is a positive trend. However, the company is still operating at a loss, as indicated by negative EBIT and net income figures. The gross profit margin has improved, but the net profit margin remains negative, reflecting ongoing profitability challenges.
Balance Sheet
40
Negative
The balance sheet shows a relatively high debt-to-equity ratio, suggesting potential leverage risks. However, the company has a positive equity position, indicating some financial stability. The equity ratio has decreased over the past year, which could be a concern if this trend continues.
Cash Flow
25
Negative
Cash flow from operations remains negative, indicating that the company is not generating positive cash flow from its core operations. The free cash flow is also negative, although it has improved compared to the previous year. The company relies heavily on financing activities to support its cash flow needs.
BreakdownDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue6.63M1.26M977.17K16.75K88.50K
Gross Profit5.37M-8.88M-9.20M16.75K-2.80M
EBITDA-7.64M-25.79M-12.83M-5.90M-3.70M
Net Income-10.28M-26.56M-13.66M-5.42M-3.77M
Balance Sheet
Total Assets6.72M7.38M24.74M8.32M1.71M
Cash, Cash Equivalents and Short-Term Investments1.15M1.64M5.16M4.82M1.54M
Total Debt1.09M2.78M271.15K73.88K22.63K
Total Liabilities3.95M5.39M4.20M1.18M516.32K
Stockholders Equity2.77M1.98M20.54M7.13M1.20M
Cash Flow
Free Cash Flow-6.58M-10.84M-13.68M-5.81M-3.58M
Operating Cash Flow-6.26M-9.43M-10.41M-2.51M-3.58M
Investing Cash Flow-514.71K-1.43M-3.44M-3.30M248.62K
Financing Cash Flow6.27M7.65M13.88M9.10M2.86M

IXUP Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price0.09
Price Trends
50DMA
0.08
Positive
100DMA
0.07
Positive
200DMA
0.09
Positive
Market Momentum
MACD
0.02
Negative
RSI
93.77
Negative
STOCH
70.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:DWG, the sentiment is Positive. The current price of 0.09 is below the 20-day moving average (MA) of 0.10, above the 50-day MA of 0.08, and below the 200-day MA of 0.09, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 93.77 is Negative, neither overbought nor oversold. The STOCH value of 70.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:DWG.

IXUP Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$37.18B12.37-10.20%1.83%8.50%-7.62%
48
Neutral
AU$17.00M-1.74-684.77%8.64%33.88%
47
Neutral
AU$28.97M-9.88-60.87%
44
Neutral
AU$7.32M-2.6313.07%68.60%
38
Underperform
AU$7.95M-0.59-135.89%-21.60%-657.00%
* Technology Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:DWG
IXUP Ltd.
0.19
>-0.01
-4.52%
AU:ASV
Asset Vision
0.05
0.02
104.55%
AU:FL1
Ookami Ltd.
0.16
0.07
77.78%
AU:BCC
Beam Communications Holdings Limited
0.09
0.02
33.33%
AU:TAL
HSC Technology Group Ltd.
0.08
-0.02
-19.19%
AU:WHK
WhiteHawk Ltd.
0.01
0.00
0.00%

IXUP Ltd. Corporate Events

DataWorks Group Issues 750,000 Unquoted Performance Rights Under Employee Incentive Scheme
Dec 30, 2025

DataWorks Group Limited has notified the market of the issue of 750,000 unquoted performance rights under its employee incentive scheme, effective 30 December 2025. The grant of these performance rights, which will not be quoted on the ASX, forms part of the company’s remuneration and retention strategy, aligning staff incentives with shareholder interests and potentially leading to future equity dilution if vesting conditions are met.

The most recent analyst rating on (AU:DWG) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on IXUP Ltd. stock, see the AU:DWG Stock Forecast page.

DataWorks Hires Tekkorp to Evaluate Strategic Interest in Responsible Gambling Assets
Dec 22, 2025

DataWorks Group Limited, a RegTech specialist in responsible gambling solutions including centralised self-exclusion systems and the Australian Government’s BetStop National Self-Exclusion Register, provides secure, scalable and ESG-aligned technologies for governments and operators seeking to reduce gambling-related harm. The company has appointed London-based Tekkorp Capital Advisors to help assess strategic interest in its asset base, reflecting its strong position with Tier 1 iGaming regulators, proprietary technology and deep ecosystem integrations; the board says a potential strategic investor or acquirer could unlock additional value and accelerate growth, while cautioning there is no certainty any transaction will result and committing to update the market as required.

The most recent analyst rating on (AU:DWG) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on IXUP Ltd. stock, see the AU:DWG Stock Forecast page.

Dataworks Group Options Lapse Unexercised, 150,000 Securities Cease
Dec 21, 2025

Dataworks Group Limited, listed on the ASX under the code DWG, has issued an update on its capital structure relating to certain options previously on issue. The company announced that 150,000 DWGAU options, which were due to expire on 20 December 2025 with an exercise price of $1.60, have lapsed unexercised, resulting in the cessation of these securities and a corresponding cleanup of its register, with no new shares being issued as a result of this expiry.

The most recent analyst rating on (AU:DWG) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on IXUP Ltd. stock, see the AU:DWG Stock Forecast page.

DataWorks Group Reports Strong Cash Flow for December 2025 Quarter
Dec 16, 2025

DataWorks Group Limited, a key player in the Regulated Gaming Technology industry, has announced strong cash flow generation for the December 2025 quarter, marking a significant financial milestone. This positive cash flow is attributed to the successful execution of its Centralised Self-Exclusion systems contracts in Australia and Ontario, reflecting the company’s refocused efforts on commercializing its CSE business operations. The financial results indicate robust system performance and operational execution, positioning DataWorks favorably within the industry.

The most recent analyst rating on (AU:DWG) stock is a Hold with a A$0.06 price target. To see the full list of analyst forecasts on IXUP Ltd. stock, see the AU:DWG Stock Forecast page.

DataWorks Group Secures Strong Shareholder Support at AGM
Nov 21, 2025

DataWorks Group Limited announced that all resolutions were passed at their Annual General Meeting, including the adoption of the Remuneration Report with over 75% approval. This outcome reflects strong shareholder support and positions DataWorks to continue its leadership in the RegTech industry, focusing on responsible gambling technologies.

Dataworks Limited Strengthens Global Position in Gaming Technologies
Nov 19, 2025

Dataworks Limited, a leading company in regulated gaming technologies, has announced a strong pipeline and high reference customers on a global scale. The release emphasizes the company’s commitment to maintaining a robust market presence and highlights its strategic focus on expanding its global footprint, which could potentially enhance its industry positioning and stakeholder value.

Dataworks’ BetStop Achieves Milestones in Reducing Gambling Harm
Nov 16, 2025

Dataworks Group Limited has welcomed new research from the Australian Communications and Media Authority (ACMA) highlighting the effectiveness of BetStop – The National Self-Exclusion Register (NSER). The research, conducted by ORIMA, reveals that a significant majority of NSER users reported improvements in quality of life, mental health, and personal relationships, with 96% reducing or stopping online wagering. Since its launch in August 2023, more than 50,000 Australians have registered with BetStop, which has processed over 31 billion real-time verification checks. The findings reinforce the NSER’s role as a critical consumer protection initiative and validate Dataworks’ technology as a robust and scalable solution for reducing gambling-related harm. The company’s experience positions it well for potential future adoption of similar models by other regulatory bodies.

DataWorks Group Expands Ontario Contract, Strengthens Financial Position
Oct 31, 2025

DataWorks Group Limited has reported significant progress in its first quarter of FY26, highlighted by the expansion of its Ontario CSE contract, which now includes advanced call center capabilities. This expansion is expected to generate over A$1.0 million in additional revenue, reinforcing DWG’s status as a leader in responsible gambling technology. The company has achieved all Ontario CSE milestones on schedule, maintaining strong operational and financial performance with reduced operating costs and cash outflows. DWG is poised for positive cash flow in upcoming quarters, supported by ongoing contract achievements and a robust pipeline of global sales opportunities.

DataWorks Group Announces FY2025 AGM Details
Oct 14, 2025

DataWorks Group Limited has announced the details of its FY2025 Annual General Meeting (AGM), scheduled for 21 November 2025. The meeting will address key resolutions including the adoption of the Remuneration Report, re-election of a director, and approval for future securities issuance. Shareholders are encouraged to participate and vote, with options available for online proxy voting or attending the meeting virtually. This AGM is significant for stakeholders as it involves decisions impacting the company’s governance and future financial strategies.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 10, 2025