ASX:WRKIT
Wrkr (ASX:WRK) Shares Mirror Revenue Growth And Deepening Losses
Wrkr came into this earnings print out of favour, with the stock sliding over the past quarter and closing at A$0.077 on 21 August. The market is treating the company as a high risk story, yet the headline from the result is not softness in demand. The real story is the growing profit squeeze. Wrkr booked full year revenue of A$11.05m in the second half alone but still reported a net loss of A$5.73m and a trailing twelve month loss of A$8.40m. That gap between scale and profitability is what...