bullish
Wrkr Limited - First Link Revenue Evident in Q4 FY23
SUMMARY
- Wrkr Ltd (ASX:WRK) offers compliance solutions for Australian superannuation contributions and payroll including member onboarding, clearing, messaging and employee validation.
- The group is building a strong moat with key products compliant with key government regulations while harnessing key customer relationships across super funds, payroll providers and corporates.
- A Q4 FY23 trading update has delivered revenue above RaaS estimates (+43% to $6.6m vs RaaS $6.1m) primarily due to first revenue from Link Group (ASX:LNK) around the planning and discovery of client migration to Wrkr PAY.
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