Professional
Added to YB: 2026-09-09
Pitch date: 2026-09-07
WRK.AX [bullish]
Wrkr Ltd
-3.08%
current return
Author Info
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Company Info
Wrkr Ltd, together with its subsidiaries, provides software as a service to solve compliance needs for companies to process pay, superannuation and SMSF contributions, onboard new staff and contractors, and check credentials of new employees and contractors in Australia.
Market Cap
AUD 138.6M
Pitch Price
AUD 0.07
Price Target
0.11 (+79%)
Dividend
N/A
EV/EBITDA
-13.98
P/E
-14.83
EV/Sales
9.74
Sector
IT Services
Category
growth
Wrkr (ASX:WRK) - Contracted user adoption delayed but happening
WRK.AX (earnings): Wrkr’s contracted PAY-user rollout was slower than expected but accelerated after year-end: only 0.4m users joined by June versus 1.8m estimated, followed by another 0.4m in July. FY26 revenue rose 53% to $16.2m, while upfront hiring and onboarding delays drove a $5.4m adjusted EBITDA loss. FY27 revenue estimates fell 16%, with FY28 relatively unchanged; the capital raise and lower FY27 earnings reduced DCF value from $0.125 to $0.113 per share.
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